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A California woman named Lanette Bashore has been sentenced to 30 months in jail and ordered to pay more than $1 million in compensation for a fraud scheme that ran for over two decades, during which she used the stolen funds to support her lifestyle and gambling habits.
Bashore was given the sentence in Albuquerque, New Mexico, due to running a scheme in which she claimed to control a multi-...
Joe Maloney has been announced as the new President of the Sports Betting Alliance (SBA), making the move from the American Gaming Association (AGA).
The current President of the SBA, Jeremy Kudon, will make the move upstairs to take on the role of Chairman as he looks to lead the organization into a new era. The change comes as a number of big players, including FanDuel and DraftKings, resigned...
Rep. Dina Titus (D-Nevada) has urged the House Ways and Means Committee to advance the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET) Act, legislation that would restore the 100% federal tax deduction for gambling losses.
Titus is seeking committee action to reverse a recent change that reduced the allowable deduction to 90%, a move she argues unfairly taxes...
California Attorney General Rob Bonta is reportedly preparing to take action against prediction markets.
The news of the Attorney General’s possible decision to sign an amicus brief in connection with other states and their stance on prediction markets comes from California Nations Indian Gaming Association (CNIGA), Chair James Siva.
Multiple news outlets, including InGame, have quoted him as...
A French tennis player, Quentin Folliot, has been hit with a 20-year suspension from the game. Folliot was found to be a “central figure” in a match-fixing scheme that has seen five others suspended as well.
The news comes from the International Tennis Integrity Agency (ITIA), which has been investigating match-fixing for quite some time. Folliot has also been hit with a $70,000 fine, as well as...
The Honolulu Police Department has taken to social media to share they have shut down an illegal gambling operation on Kawaiaha’o Street in Honolulu, Hawaii.
They say officers executed a search warrant on what they describe to be an ‘illegal gambling establishment’ on Tuesday (December 9), which saw two people arrested along with the seizure of multiple gaming machines, cash and drug-related...
The Australian Communications and Media Authority (ACMA) has requested that internet service providers in the country block more illegal online gambling sites.
A total of 12 sites have been requested to be blocked, as the ACMA says investigations found these services to be operating in breach of the Interactive Gambling Act 2001.
The latest sites to be blocked include: Abu King, BetAlice, Dragon...
Underdog is shutting down its sports wagering operations in the state of North Carolina next week, as confirmed by the North Carolina State Lottery Commission.
The regulator shared the news on Wednesday (December 10) stating that it wants to make Underdog sports wagering account holders aware of the change to the local betting market.
The company, which has also contacted its account holders...
The Washington Gambling Commission has reached a tentative agreement with two Indian Tribes which allows them to offer electronic table gaming.
The regulator shared that it has reached an agreement with the Upper Skagit Indian Tribe on Wednesday (December 10) along with the Port Gamble S’Klallam Tribe on the same day.
The Washington State Gambling Commission has reached tentative agreements with...
Kalshi and Crypto.com have announced they’re forming the Coalition for Prediction Markets, a new national alliance that brings together industry players like Coinbase, Robinhood, and Underdog in the US. The goal, they say, is to protect what they call “safe, transparent, and federally supervised access to prediction markets.”
And over 70% of Americans agree on a key point: these markets shouldn’...