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The Gaming Authority in the Netherlands (KSA) has imposed a half-million euro fine on LeoVegas, on the same day it gives the operator Vbet a warning for ‘shortcomings.’
The €500,000 ($590,000) fine for LeoVegas has come as the regulators said the company didn’t comply sufficiently with duty of care during the period from October 2023 to May 2024.
In the media release, the KSA explained how they...
A contractor has been accused in a post–Hurricane Milton scam, with police alleging he targeted elderly victims and spent upwards of $53,000 at casinos.
Brian Michaud was arrested by Bradenton Police Department on Tuesday (December 16) on 13 felony charges. It was in July 2025 when Detective Michael Carpenter began to investigate complaints made by residents of Seabreeze Mobile Home Park.
BPD...
A British man who funneled money he’d stolen into gambling has been sentenced to seven years in prison, after conning 10 people out of more than £1 million ($1.4 million).
Morgan Reeve, 26, of Wodehouse Road, Hunstanton, was sentenced at Norwich Crown Court on Friday (December 19) after being found guilty of 19 counts of fraud by false representation following a trial.
British man’s gambling-...
The Canadian rapper Drake has posted on social media that there will be three livestreams back-to-back, with people who sign up having the chance to win 10% of his take home winnings.
The Stake branding is visible throughout the video, with the clips showing off hints at Drake’s luxury lifestyle, along with several gambling-related videos. The 39-year-old has advertised the online casino and...
A newly filed amicus brief in Kalshi’s ongoing legal fight with Maryland is adding fuel to a growing debate about who should regulate sports-related prediction markets, federal commodities regulators or state gambling authorities.
In a filing sent to the U.S. Court of Appeals for the Fourth Circuit, Todd Phillips, an assistant professor of legal studies at Georgia State University, argues that...
The Federal Bureau of Investigation (FBI) has issued a public service announcement as they warn of the risks of illegal gambling.
The law enforcement agency explains how the sports betting industry has become more widespread in the U.S, with 39 states and the District of Columbia legalizing some form of it.
Great odds, high risk: The FBI encourages U.S. bettors to know the risks of illegal...
Coinbase is buying The Clearing Company, a startup that focuses on prediction markets, as the crypto exchange looks to broaden its lineup of regulated, onchain products tied to real-world events.
The deal comes shortly after Coinbase rolled out prediction markets to its users, letting them place trades on outcomes like elections, economic data, sports, and even cultural moments, all from the same...
Senator Brian Schatz from Hawaii could be eyeing up introducing legislation that could see sports prop bets being heavily regulated in the United States.
The journalist Pablo Torre, of Pablo Torre Finds Out, took to X to share that he has gotten word from the senator that federal legislation may be proposed in 2026 to regulate sports prop betting.
Torre continued to say he has been told that the...
FanDuel Predicts, the sportsbooks prediction market in partnership with the CME group, is officially launching in five states, with a phased expansion to others early next year.
The app is available in Alabama, Alaska, South Carolina, North Dakota, and South Dakota, with these states marking the start of a phased national rollout over the coming weeks.
The company says FanDuel Predicts will be...
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...