3662 stories by Philip Conneller
US Election Betting Back On as Kalshi Scores in Federal Appeals Court
Financial exchange and prediction platform Kalshi relaunched its betting markets on the US presidential election on Wednesday. That’s after a federal appeals court in Washington DC denied a bid by the Commodity Futures Trading Commission (CFTC) to halt the markets over fears they...
Judge Tosses $2B Claim Against Powerball Winner Edwin Castro
A Los Angeles Superior Court judge this week dismissed a lawsuit against Edwin Castro, the winner of the world’s biggest lottery prize. The complaint was filed in February 2023 by Jose Rivera, who claimed to be the rightful winner of the record-breaking...
Acclaimed St. Louis Restaurateur Shot Girlfriend in Neck at Ameristar Casino, Cops Say
A 50-year-old man suspected of shooting his 27-year-old girlfriend in the neck at the Ameristar St. Charles in St. Louis, Mo., in the early hours of Saturday morning has been identified as the owner of one of the city’s top restaurants. Calvin...
Illegal Texas Horse Racetrack Raided, Drugs, Gambling Devices Seized
Authorities in West Texas raided an illegal quarter-horse racetrack and arrested nine people for offenses including promoting gambling, money laundering, racketeering, and the manufacture and delivery of a controlled substance. Police uncovered 135 grams of cocaine and numerous illegal gambling devices at...
Archie Karas, Legendary Las Vegas Gambler Dead at 73
Archie Karas, the fearless gambler and sometimes casino cheat, who pulled off perhaps the most famous winning streak in Las Vegas history, known as “The Run,” has died at age 73. Karas, known in gambling circles as “The Greek,” is understood to...
Fantasy Soccer Giant Sorare Charged with Illegal Gambling in UK
The UK Gambling Commission (UKGC) has charged multibillion dollar fantasy soccer outfit Sorare with illegal gambling in an extremely rare instance of the agency exercising its prosecutorial powers. The charges are the culmination of a three-year UKGC investigation into the Paris-based company,...
Ex-UK Cop Gets Prison for £44M Horse-Betting Ponzi
A British former police sergeant has been sentenced to six years in prison for running a “Ponzi scheme” horse-betting syndicate that duped thousands of people out of millions of pounds. From 2012 to 2019, Michael Stanley operated the Layezy Racing Group, promising...
Binance Helps Disrupt Fiewin Scam Gaming App
Crypto exchange Binance says it's assisted authorities in India in recovering US$47.6 million lost by victims of a scam gaming platform. In an announcement on its website, the exchange said its Financial Intelligence Unit had provided critical intelligence to India’s Enforcement Directorate...
Wind Creek Casino ‘Burial Desecration’ Case Lands in Federal Appeals Court
A federal appeals court in Atlanta heard arguments Wednesday in a long-standing legal fight between two tribes over the land on which the Wind Creek Casino and Hotel in Wetumpka, Ala., now stands. The Oklahoma-based Muscogee Creek Nation (MCN) claims the Wind...
San Jose Bus Driver Shot Colleague Dead Over Gambling Debt, Police Say
A San Jose, Calif. bus driver allegedly shot and killed a co-worker over an unpaid gambling debt, according to authorities. Duc Minh Bui, 33, was arrested Sunday on suspicion of the first-degree murder of Regulus "Reggie" Teotico, 45, a fellow driver for...
