News

DOJ Moves to Seize $5 Million in Bitcoin Stolen via SIM-Swap Scams The United States Department of Justice (DOJ) has initiated a civil forfeiture claim to recover approximately $5 million in Bitcoin that was allegedly stolen from cryptocurrency holders through orchestrated SIM-swap attacks nationwide. Accused SIM-Swap Hackers Launder Cryptocurrency Through Online Gambling Platforms Federal prosecutors […]

Significant Theft Shakes Public ConfidenceMatthew Randall Ping, a former employee of Washington State, was recently sentenced to 18 months in federal prison following his conviction for wire fraud. He admitted to embezzling almost $900,000 from state funds over several years.The amount involved in this case is unprecedented in recent memory, marking it as one of […]

Veikkaus Temporarily Halts Betting on Elite Floorball Matches Veikkaus has announced a temporary suspension of betting on top-tier men’s floorball competitions due to suspicious betting patterns that have prompted an investigation by the Finnish Center for Sports Ethics. Scope of Suspended Bets and Investigation The affected wagers involve elite floorball contests, including the F-Liiga, the […]

Background on the FINTRAC Fine The Saskatchewan Indian Gaming Authority (SIGA) has announced plans to contest a substantial administrative fine of $1.175 million imposed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). SIGA maintains that the penalty concerns procedural reporting issues rather than allegations of actual financial criminal activity. Understanding FINTRAC’s Role […]

Introduction to GamCare’s Expanding Role GamCare has established itself as a leading organisation dedicated to addressing gambling-related harm in the United Kingdom. Its support extends beyond individuals affected by problematic gambling to include their families and communities. Over recent years, GamCare has broadened its range of services significantly, with the Money Guidance Service (MGS) standing […]

JPMorgan Chase & Co. Withdraws as a Significant Stakeholder The Star Entertainment Group Limited, a leading Australian casino operator, recently disclosed in a shareholders update that JPMorgan Chase & Co., the prominent American financial services firm, along with its affiliates, is no longer classified as a substantial shareholder of the company. Regulatory Disclosure of Shareholding […]

Polymarket and Kalshi Target Multi-Billion Dollar Valuations Polymarket and Kalshi, two prominent names in the prediction market industry, are reportedly exploring new funding rounds with valuations reaching $9 billion and $5 billion respectively. These figures represent substantial growth compared to their previous valuations. Rapid Valuation Growth in the Prediction Market Sector Recent reports indicate that […]

UNODC Highlights Rising Criminal Operations in Timor-Leste The United Nations Office on Drugs and Crime (UNODC) has alerted the public to the emergence of Timor-Leste as a growing center for gambling scams and other illicit schemes targeting Southeast Asia and beyond. This small enclave, surrounded by Indonesian territory and bordering the Savu Sea, is now […]

Bragg Gaming Secures Fresh Capital to Drive Expansion Bragg Gaming Group has successfully arranged a new financing agreement with the Bank of Montreal (BMO), providing the iGaming technology company access to up to $6 million in fresh credit. This financial boost is poised to support Bragg Gaming’s ongoing growth and expansion efforts within the competitive […]

Mohegan Sun has recently awarded two of its guests with impressive jackpots, each exceeding $650,000. These winners include one lucky slot player and a fortunate blackjack participant. Slot Player Takes Home $659,570 Jackpot Over the weekend, two players at Mohegan Sun took home combined winnings of $1.3 million. One of these was a local Connecticut […]