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Sports
May 26, 2022
DraftKings CEO Jason Robins Talks Crypto Sports Betting
DraftKings CEO Jason Robinson is confident that cryptocurrencies will play a more prominent role in the sports betting and gaming ecosystem. In fact, DraftKings has not waited for events to catch up to it and is already blazing a trail with its dedicated DraftKings Marketplace which is centered around non-fungible tokens (NFTs). Cryptocurrency Betting Coming […]
Blockchain
May 5, 2022
Theo de Vries: “People Are Addicted to Cocaine and Crypto”
Gambling addiction is creeping on crypto traders in almost imperceptible ways and then it’s too late. The story of Dr Theo de Vries, the managing director of The Diamond Rehab, which focuses on drug and alcohol treatment, in Thailand is one that should resonate with people around the people. According to de Vries, people are […]
Blockchain
April 25, 2022
Crypto Traders Recount How They Developed Gambling-Like Addiction
Stevie Rojas recently spoke to Bloomberg going into detail about how he got hooked on crypto trading and how a gambling-like addiction took over his life choices. Now, though, Rojas is clean and has quit what he considers a bad habit in retrospect. Rojas’ introduction to cryptocurrencies followed a familiar formula. He is one of […]
Blockchain
April 22, 2022
Crypto Gamble Pays Out $163B to Investors in 2021
Cryptocurrencies are a gamble. Their value may go up, but then again – it may go down. Much of the value of crypto seems to be unpegged to any central authority and prone to sudden swings, and therefore much more akin to gambling than investing in the stock market, for example. However, 2021 was a […]
Casino
April 18, 2022
Regulators Are Concerned About How Crypto Casinos Expose Users to Harm
While most states are yet to approve online casino gambling, the decentralized nature of cryptocurrency has allowed crypto casinos to flourish. Here is how this market’s intricacies affect gambling, according to NBC News’ Kevin Collier. Crypto Casinos Are the Pick of Many Bettors As of now, only six states have regulated online casino industries. However, […]
Blockchain
April 18, 2022
Porn Star Cherie DeVille to Teach Men about Crypto in New Adult Scene
Cherie DeVille is an adult actress, social media influencer, and an Onlyfans model. Known as “the internet’s stepmom,” she has been a part of the adult entertainment industry for ten years. Besides entertaining men, DeVille is now determined to educate men on how to invest responsibly and avoid crypto, NFTs, and other fads. She is […]
Blockchain
April 13, 2022
Scarlet Pearl Casino Resort Now Accepts Crypto Payments
Blockchain and cryptocurrency have long been touted as friends to casino gaming. Many operators have taken this concept and realized it successfully online. But few have ventured into the retail space, let alone introduce crypto payments on-site. Well, one property is bucking the trend and defying skepticism as of today, the Scarlet Pearl Casino Resort […]
Blockchain
March 23, 2022
ASA Warns 50 Crypto Companies for Misleading Advertisement
The high-risk profile of crypto investment and its dubious returns have made many suspicious of this activity. Some, including regulators, have likened investing in cryptocurrency to a form of gambling, and a good number of observers agree it is. Now, the UK’s advertising watchdog has had to step in and issue yet another warning to […]
Blockchain
March 21, 2022
India to Tax Crypto Same as Lottery Winnings
India is preparing to regulate its cryptocurrency industry – in fact, it’s already there, and the country is introducing a 30% tax that will apply to investor capital gains. The levy will be rolled out in April and it will be the first time that a formal law has been passed to try and finally […]
Legal
March 18, 2022
ACCC Accuses Meta of False, Misleading and Deceptive Conduct
More dark clouds are gathering above Meta as the competition and consumer watchdog in Australia is taking the social media giant to court for endorsing scam celebrity crypto ads. Meta Stands to Gain Financially The Australian Competition and Consumer Commission (ACCC) pointed the finger at Meta Platforms, formerly known as Facebook, in an announcement today, […]