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A Sacramento beauty queen who admitted running a multimillion-dollar investment fraud scheme also used a portion of the stolen money for casino gambling, federal authorities say.
Maria Dickerson, 47, who also used the names “Dulce Pino” and “Maria Dulce Pino Dickerson,” pleaded guilty to wire fraud and securities fraud. Prosecutors say she convinced investors to pour money into what she...
A new report argues that gambling in the United States no longer sits on the margins of financial life. Instead, researchers say it has moved quickly into the mainstream, reshaped by smartphones, digital payment systems and constant online access.
According to the analysis, US gambling has “shifted rapidly from a discrete, cash-based activity to a normalized, digitally embedded financial...
Polymarket says it is working with Palantir Technologies and TWG AI to build a monitoring system designed to detect suspicious activity across sports prediction markets. The companies say the project will combine prediction market data with advanced artificial intelligence tools to identify unusual trading behavior and strengthen confidence in the fast-growing sector.
The partnership,...
Members of Congress are moving to block a controversial corner of the prediction market industry by introducing legislation that would outlaw betting contracts tied to violence or death.
The proposal, called the “Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading Systems Act,” or the DEATH BETS Act, was introduced in the Senate by Sen. Adam Schiff and in the...
A federal judge in Michigan has declined to step in immediately to shield prediction market Polymarket from possible enforcement by state regulators, leaving the company exposed as a wider legal fight over sports event contracts continues.
In an opinion issued Tuesday (March 10), U.S. District Judge Paul L. Maloney rejected a request from QCX LLC, which operates as Polymarket, for a temporary...
California’s cardroom industry has taken the state to court over newly approved gambling rules, warning the changes could slash jobs and drain tax revenue that many cities rely on.
The California Gaming Association, joined by the California Cardroom Alliance and Communities for California Cardrooms, filed two lawsuits in San Francisco Superior Court seeking to stop regulations issued by the...
Inspired Entertainment and bet365 are continuing a long-running collaboration around virtual sports, with both companies agreeing to a new multi-year extension that focuses on expanding betting features and rolling out new digital products.
Under the renewed deal, Inspired will keep supplying its portfolio of virtual sports to the global online betting operator while also developing...
A federal judge in Ohio has denied prediction-market exchange Kalshi’s request for a preliminary injunction that would have blocked state regulators from enforcing Ohio’s sports-gambling laws against the company’s sports-event contracts.
Chief U.S. District Judge Sarah D. Morrison of the U.S. District Court for the Southern District of Ohio issued the decision on Monday (March 9). The judge...
Major League Soccer has permanently banned two former players after investigators concluded they gambled on league matches and passed along insider details to other bettors.
The league announced Monday (March 9) that Derrick Jones and Yaw Yeboah received lifetime suspensions for violating MLS gambling rules. Neither player is currently signed to a club, but the league said their conduct...
Jalen Smith, one of the alleged fixers of a sprawling basketball point-shaving operation, admitted in federal court in Philadelphia that he played a key role in the scheme that stretched from U.S. college programs to a professional league in China.
Appearing before U.S. District Judge Nitza I. Quiñones Alejandro, the 30-year-old from Charlotte, North Carolina, pleaded guilty to bribery in...