A federal judge has turned down three California tribes’ effort to prevent prediction market operator Kalshi from offering sports-related event contracts on tribal lands. This decision is an early blow to the tribes in their ongoing legal battle over whether such markets are allowed under federal and tribal law. A federal judge has turned down…
Cleveland Guardians pitcher Luis Ortiz walked free on $500,000 bail on Monday after showing up in a Boston federal courtroom. He faces claims of taking bribes linked to illegal sports betting. Prosecutors say Ortiz and teammate Emmanuel Clase took money from gamblers in the Dominican Republic. In return, they tried to sway the outcome of…
The Boring Company, owned by Elon Musk, has received an almost $500,000 fine for serious environmental violations. The Boring Company $500,000 fine Water inspectors found out that while the company had been carrying out a tunneling project to create “an underground highway”, they had allegedly caused damage to the sewer system and county manholes by…
Tensions have once again erupted between the state of Colorado and its two federally recognized tribes, the Southern Ute Indian Tribe and the Ute Mountain Ute Tribe. Frictions over sports betting rights and environmental disputes are becoming more pronounced. Tribal leaders say the state’s refusal to allow them to offer online sports wagering represents yet…
Gaming industry heavyweight Ramiro Atucha has unveiled the launch of a new consultancy firm called Atucha Strategic Advisory. The firm will have an initial focus on the Latin American market, helping companies tap into the opportunities inherent to the rapidly growing sector. Ramiro Atucha Atucha Strategic Advisory The New Consultancy Will Be LATAM-Focused at First…
New York’s Assembly Bill 9251, referred to as the Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE) Act, aims to establish definitions, regulations, and limitations for the operation of prediction markets. New York’s Assembly Bill 9251 Oversight and Regulation of Activity for Contracts Linked to Events (ORACLE) Act AB 9251 Aims to…
Since 2011, The Cosmopolitan in Las Vegas has transformed its fourth-floor Boulevard Tower pool into a 4,200-square-foot rooftop ice rink, complete with real ice, fire pits, snow showers, and themed cocktails, creating a festive winter wonderland for the holiday season. Unfortunately for longtime fans of this tradition, this year the popular seasonal attraction will be…
Australian gambling addicts who have entered self-exclusion lists have been targeted by offshore gambling companies, which are using third-party websites to entice them back into gaming. Australian gambling addicts Gambling Sites Target Vulnerable Australian Addicts Despite offshore gambling companies being banned in the country, they have been paying websites that promote their services. Some of…
The NBA’s long-running gambling controversy reached a new turning point this week as a Brooklyn court heard several of the 34 defendants arrested in the sprawling federal investigation. Prosecutors note that the case unites two distinct but intertwined criminal operations. One involved rigged sports bets on NBA games, and another organized mob-backed poker games that…
The UK Betting and Gaming Council has published the results of a new study on higher gambling taxes and their effect on the gaming ecosystem. The study, conducted by PwC, strongly suggested links between over-taxation and a strong black market. UK Betting and Gaming Council PwC Higher-Tax Countries Experience Bigger Black-Market Struggles For its study,…
