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Sports
June 9, 2025
Crypto.com Fights Nevada Gaming’s Crackdown on Sports Event Contracts
Crypto.com has taken legal steps to protect its right to offer sports event-based financial contracts in Nevada, which has intensified a dispute about whether federal or state authorities should regulate these markets. Crypto.com Seeks Injunction After Nevada Orders Halt to Sports Prediction Markets The cryptocurrency exchange submitted a request for a preliminary injunction to the […]
Blockchain
May 28, 2025
Crypto Lobbyist and Kalshi Board Member Nominated to Head CFTC
Brian Quintenz has been tapped to be the new boss of the US Commodity Futures Trading Commission. A crypto lobbyist, Quintenz is also on the board of directors of Kalshi Inc., one of the companies he will have to regulate should he be cleared for the job at the CFTC. Trump Nominates Crypto Lobbyist for […]
Blockchain
May 27, 2025
Kalshi Expands Crypto Options with Solana
Prediction markets operator Kalshi is now accepting Solana (SOL) as a deposit option for funding user accounts, the US company recently announced. Solana Is Now Available for Kalshi Users According to the Kalshi help center, users can now instantly access their funds, allowing them to start trading right away. This eliminates the typical delays associated […]
Industry
April 29, 2025
AUSTRAC to Axe Inactive Digital Currency Exchange Firms
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has asked inactive digital currency exchange (DCE) firms to withdraw their registrations or risk having them canceled. This “Use it or Lose it” campaign would also affect crypto ATM providers, according to the AUSTRAC’s official announcement. AUSTRAC Identified Many Inactive DCEs For context, all DCEs must be […]
Blockchain
April 22, 2025
Crypto Gambling Sites Rake in Over $80B Thanks to Global Legal Gaps
Online casinos that use cryptocurrencies have seen a huge jump in business, with worldwide betting profits hitting $81.4 billion in 2024, five times more than the year before. This growth happens even with lots of rules in place, as millions of players find ways around blocks to use offshore sites that are not regulated. Stake […]
Casino
April 18, 2025
Crypto Casino Founder Richard Kim Arrested for Fraud After Losing $7M
Police took Richard Kim into custody this week. He started the cryptocurrency casino platform Zero Edge, which no longer exists. People claim he misused almost $7 million that investors gave him. Kim used to work as an executive at big financial companies like Galaxy Digital, Goldman Sachs, and JPMorgan. Now he faces charges of securities […]
Blockchain
April 16, 2025
Crypto Gaming Struggles to Onboard New Users
As the cryptocurrency sector continues evolving, an emerging trend reveals that crypto gambling platforms could face significant challenges in attracting new customers, particularly those with existing digital wallets. According to recent data by Web3 marketing firm Addressable, crypto gambling ads are among the most expensive user acquisition methods in the decentralized space. Blockchain Casinos Face […]
Business
March 31, 2025
Group Partouche to Sell Former Cannes Casino Site
French gaming powerhouse Groupe Partouche announced that it is divesting one of its properties in France. While the company didn’t go into details about the sale, it confirmed that it expects to close the agreement very soon. The Casino Was Relocated Last Year Groupe Partouche confirmed that it has decided to sell the building where […]
Industry
March 17, 2025
Vietnamese Siblings Arrested in Massive Gambling Ring
Fraud and scams are not uncommon, especially in the digital age. The popularity of social media and easy access to the internet enable bad actors to easily engage with victims across the globe, putting their finances and personal information at risk. In one recent crypto investment scheme, four siblings are facing allegations for their involvement […]
Blockchain
March 17, 2025
Wire Fraud Charges Lead To CluCoin Founder’s Sentencing in Florida
Over the last few years, highly volatile cryptocurrency markets have made many people millionaires. While some were fortunate enough to make the score of their life, others were not so lucky and lost everything. In one such recent case, investors who supported a charity-oriented cryptocurrency token project lost more than $1 million, after the founder […]
