Feed Items
The U.S. District Judge Virginia Covington has sentenced a man in Tampa, Florida, to seven years and six months in federal prison for conspiracy to commit wire fraud and aiding and assisting in the filing of false and fraudulent tax returns tied to fabricated gambling winnings and losses.
Along with the sentencing, the court has also entered an order for forfeiture in the amount of $1,354,757.64...
A 32-year-old has been sentenced after pleading guilty to permitting an illegal gambling house for gain, the Michigan Gaming Control Board has confirmed.
The man, Gurjinder Singh, was sentenced by Judge Steven M. Timmers in 62A District Court in Kent County, a two-year misdemeanor. As part of the sentencing, he must also pay $500 in fines, fees, and court costs.
“This sentencing sends a clear...
The Florida Gaming Control Commission (FGCC) assisted the U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) and the Internal Revenue Service (IRS) with ‘Operation Funny Money’ which saw coordinated enforcement action targeting alleged illegal gambling across Florida.
The operation spanned three locations in the Northeast of the state, with investigators executing a...
The Alcohol and Gaming Commission (AGCO) in Ontario has announced changes as it prepares to launch its iGaming Centralized Self-Exclusion (CSE) program next year.
Through the CSE, players in the province will be able to voluntarily exclude themselves from all regulated iGaming sites through a single process. The aim is to help reduce barriers by eliminating the need to self-exclude across...
The Brooklyn District Attorney’s Office said Friday (December 19) that a 23-year-old man from Brooklyn has been indicted for his alleged role in a Coinbase cryptocurrency scam that authorities say cost victims nearly $16 million. Prosecutors estimate that about 100 people across the country were affected.
Officials say the charges stem from an investigation by the office’s Virtual Currency Unit....
The Pennsylvania Gaming Control Board has taken major action as it places 15 people on its various Involuntary Exclusion Lists which bans them from gambling in the Keystone State.
These lists mean individuals are unable to gamble in a casino in the state or through an online betting site regulated by the Board, or even at a Video Gaming Terminal location.
While not all of the details have been...
DraftKings has stuck true to its word, as it officially launches its prediction market across 38 states under the oversight of the US Commodity Futures Trading Commission (CFTC).
The DraftKings Predictions market is a standalone app and web product that allows customers to trade on real-world outcomes across a range of markets. Initially, sports and finance will be the main focus, but additional...
Coinbase says it’s starting to roll out prediction markets in the US, thanks to a new partnership with Kalshi.
With this launch, users will be able to place trades on how real-world events play out, covering everything from politics and sports to collectibles and economic data.
The world is full of questions. Trade the answers with Prediction Markets on Coinbase.
Sports, crypto, elections,...
LiveScore Malta Limited says it plans to pull its LiveScore Bet brand out of Bulgaria, with operations in the country expected to wind down by the end of 2025. The move comes as gambling companies across Europe take a fresh look at their strategies, especially in response to higher taxes in the UK and changing regulatory landscapes elsewhere.
According to the company, the decision followed a...
The IRS has now published updated confirmation that the casino slot jackpot tax is to be almost doubled in 2026.
An X post by Vital Vegas stated: “Sources say the IRS will officially confirm the reporting threshold for slot jackpots increases from $1,200 to $2,000 starting Jan 1. Now, mad dash for casinos to implement the change.”
BREAKING: Sources say the IRS will officially confirm the...