CFTC Seeks to Vacate $5 Million Gemini Penalty
The U.S. Commodity Futures Trading Commission has asked a judge to vacate a $5 million penalty imposed on cryptocurrency exchange Gemini Trust Company.
Regulation
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Federal Charges Filed in Terry Rozier Gambling Case
Federal prosecutors have filed new charges against former NBA guard Terry Rozier, accusing him of bribery in sporting contests and conspiracy to commit honest services wire fraud.
Las Vegas Duo Arrested for Stealing 2,000 Gallons of Fuel
An investigation by a Yavapai County Sheriff’s Office deputy in Arizona resulted in the arrest of two suspects, both from Las Vegas, on suspicion of stealing over 2,000 gallons of fuel from several Seligman gas stations on May 22.
Brazil Chamber of Deputies Holds Hearing on Online Betting Regulation
Brazil’s Chamber of Deputies will seek further data from the Ministry of Finance, the Secretariat of Prizes and Betting, and the Central Bank after a public hearing on Thursday exposed deep divisions over the future of fixed-odds betting in the country.
AGA Estimates $1 Billion Tax Revenue Loss from Prediction Markets
The American Gaming Association estimates states have missed out on $1 billion in tax revenues due to the rise of prediction markets, according to the trade group's latest report.
Marves Fairley Continues Posting Picks Despite Pleading Guilty
Marves Fairley pleaded guilty to a range of charges after being indicted in two major betting scandals.
Louisiana Bill to Ban Abusive Bettors from Sportsbooks
Louisiana is close to enacting a law that would allow state gaming regulators to bar certain residents from retail sportsbooks and mobile wagering if they are found to have threatened athletes for gambling-related reasons.
KSA Launches Harm Awareness Campaign for FIFA World Cup
The Dutch Gambling Authority (Kansspelautoriteit/KSA) has warned young sports fans of the dangers of excessive sports betting.
Japanese Court Sentences Trio for Laundering $26.5M for Online Casinos
A Japanese court has jailed two business executives and a company employee who used a complex web of bank accounts to launder profits from several illegal online casinos.
Google Employee Faces Civil Action for Making $1M on Polymarket
A Google employee is being sued by the CFTC for allegedly using confidential information to earn over $1 million on Polymarket.
EU Considers Implementing Gambling Levy for Additional Revenue
The European Union is considering implementing a gambling levy to generate additional revenue amidst geopolitical uncertainty.
SEC Mandates Sports Betting Training for Student-Athletes
In the wake of the Texas Tech player, Brendan Sorsby’s controversy, the Southeastern Conference (SEC) has become the first to announce that it will now make it compulsory for student-athletes to take sports betting-related training, which will focus on responsible gambling and problem gambling.