News
Kentucky AG Takes Aim at Kalshi, Polymarket, and VGW
1+ hour, 32+ min ago (515+ words) Kentucky Attorney General Russell Coleman has filed lawsuits against three companies that the state's top law enforcer alleges are operating illegal gambling within the Bluegrass State. Coleman has named prediction markets Kalshi and Polymarket as defendants on claims that the…...
Police: Trio Kidnapped and Beat Man at MGM Grand Over Alleged Fake Sports Betting Scheme
1+ day, 7+ min ago (381+ words) A dentist, a DJ, and a physical therapist from Michigan were arrested on Wednesday, June 17, for allegedly luring a man to a Las Vegas hotel room over a fake betting scheme, Las Vegas police say. According to an arrest report…...
Michigan Judge Casts Doubt on Legal Theory Underpinning Prediction Markets
2+ day, 7+ min ago (449+ words) The entire multi-billion-dollar prediction-market industry's expansion into sports hinges on a single legal theory: that sports-event contracts are federally regulated financial derivatives. It's a theory a federal judge in Michigan found difficult to swallow Thursday. Judge Paul L. Maloney denied Polymarket…...
Vegas Flood Channel Becomes Emergency Delivery Room for Firefighters
3+ day, 14+ hour ago (480+ words) A Las Vegas flood'control tunnel briefly became an underground delivery room this week, when Las Vegas Fire & Rescue responded to a call to help a woman in active labor. In a statement posted Wednesday to the Facebook page of Firefighters…...
New York's Cayuga Nation Sues Caesars Sportsbook Over Bets Placed on Tribal Land
2+ day, 18+ hour ago (479+ words) New York's Cayuga Nation has taken its fight over mobile gambling on reservation land directly to one of the biggest names in US sports betting. In a federal lawsuit filed Tuesday in the Northern District of New York, the Nation…...
Ivory Coast World Cup Star Elye Wahi Arrested in Betting Probe
2+ day, 19+ hour ago (421+ words) Ivory Coast World Cup striker Elye Wahi was detained and questioned by French police last month as part of an investigation into suspicious betting activity and possible spot-fixing, according to French authorities and reports by The Athletic. The Marseille prosecutor's…...
Floyd Mayweather No Longer "Money" in Las Vegas
2+ day, 23+ hour ago (458+ words) His nickname may still be "Money," but his checks are no longer good in Las Vegas. Floyd Mayweather faces two felony charges after purchasing a $200, 000 watch from the Gold and Beyond pawn shop inside the Fashion Show mall on the…...
Wisconsin Tribe Expands Kalshi Prediction Market Lawsuit
3+ day, 1+ hour ago (393+ words) The Ho-Chunk Nation of Wisconsin has amended its federal complaint against Kalshi and Robinhood in hopes of reviving its allegations that the prediction markets are falsely advertising on its sovereign lands. Kalshi and Robinhood allow their prediction markets to be…...
Former Star CEO Matt Bekier Fined Nearly $500 K
3+ day, 4+ hour ago (405+ words) Former Star Entertainment CEO and Managing Director Matt Bekier has been fined nearly $500, 000 and banned from holding any corporate leadership role in Australia for six years. On Wednesday, the Federal Court of Australia banned Bekier from managing a company within…...
Playtech Dodges Evolution's Smear Campaign Suit " For Now
3+ day, 5+ hour ago (367+ words) A New Jersey Superior Court judge has declined Evolution AB's request to add Playtech as a defendant in its defamation case against Israeli intelligence firm Black Cube, NEXT. io reports. Evolution sued Black Cube and Newark, NJ-based law firm'Calcagni & Kanefsky…...