With a sports betting handle of around $685 million in January, Washington, DC, had a great start to 2025 Additionally, players in the district won more than $652 million, giving sportsbooks a monthly revenue of approximately $8 million Due to its affiliation with the DC Lottery, FanDuel was the only mobile sportsbook accessible in DC for the..

In its legal dispute with the Michigan Gaming Control Board (MGCB), TwinSpires has won a decision from a federal judge in Michigan TwinSpires is granted a preliminary injunction by the ruling, which permits the business to carry on with its operations within the state The MGCB filed the case, alleging that Churchill Downs Incorporated..

Sam "SBF" Bankman-Fried, the former CEO of FTX, has spoken out from behind bars about his financial donations and political views during the 2020 US elections He outlined his reasons for contributing to the Democratic Party in an interview with The New York Sun, pointing to reservations about the party's ideological stance Political Shift and..

The US Securities and Exchange Commission (SEC) has introduced a new enforcement unit, the Cyber and Emerging Technologies Unit (CETU), appointing Laura D’Allaird as its chief This move replaces the previous Crypto Assets and Cyber Unit, signaling a shift in how the SEC approaches digital assets and cybersecurity concerns Strengthening..

Illuvium has announced a major restructuring to reduce expenses and extend its operational lifespan This decision aligns with a broader shift in development, as the company focuses on transforming its flagship title, Overworld, into an MMO Lite later this year Co-founder Kieran Warwick revealed on X that Illuvium aims to bring its monthly burn..

The Hong Kong-listed company International Entertainment Corp (IEC) has unveiled plans to renovate the New Coast Hotel Manila for PHP147 billion ($255 million) The renovation will strengthen the hotel's dedication to providing first-rate hospitality and gaming experiences by updating its amenities and growing its casino Upgrading Facilities and..

A bill that would remove the federal excise tax on legitimate sports wagers has been introduced by two US representatives The law, called "The Discriminatory Gaming Tax Repeal Act of 2025," aims to eliminate the 025% handle fee that is applied to all legal sports wagers The effort to eliminate the tax is being spearheaded by Representatives..

In its most recent report on US commercial gaming income, the American Gaming Association (AGA) noted that 2024 was a record-breaking year At $719 billion, the industry's overall gross gaming revenue (GGR) increased 75% from $665 billion in 2023 This carries on the sector's four-year run of record growth iGaming and Sports Betting..

During its State of the Industry webinar on February 19, the American Gaming Association (AGA) discussed significant topics such as the rise of iGaming, the consequences of illegal gambling, and regulatory collaboration with the next US government The AGA released its 2024 financial data prior to the webinar, revealing that its gross gaming..

By highlighting the importance of Special Class Business Process Outsourcing (SCBPO) firms to the Philippine economy, the Philippine Amusement and Gaming Corp (Pagcor) has reaffirmed its dedication to helping them The legal presence of offshore internet gaming operators, formerly known as POGOs, ceased in December 2023, and this follows their..

To stop gambling on the black market, the government should make the Gambling Act stronger, according to the Swedish Trade Association for Online Gambling (BOS) BOS contends that lower-than-expected channelization rates are a result of legal loopholes that permit unregistered companies to service Swedish gamers without facing repercussions BOS..

With a net loss of $1028 million for the most recent fiscal year, Tokyo-based Universal Entertainment Corporation (UEC), a casino and pachinko operator, has revealed a severe financial slump Operating profit fell 901% to $198 million, while net sales fell 294% to $834 million The decline in VIP gaming at Okada Manila, UEC's premier integrated..

Matthew Sigel, head of digital asset analysis at VanEck, has stated that he believes Twitter founder Jack Dorsey may be the true identity of Satoshi Nakamoto, the anonymous person who created Bitcoin (BTC) Sigel asserts that the links between Dorsey and Satoshi are too obvious to overlook, but he clarifies that this is his personal opinion and not..

Since the landmark 2018 Murphy v NCAA Supreme Court ruling, which allowed states to legalize sports betting, a significant rise in online searches related to gambling addiction has been observed across the US A recent study published in the American Medical Association's journal highlights the dramatic increase in search queries related to..

Former Entain CEO Kenny Alexander and his legal partner Feldman filed a lawsuit against Entain and the law company that was investigating the 2019 Turkey case on February 13 Concerns over confidential information given to prosecutors during the investigation into Entain's operations in Turkey are at the center of the matter, which was initially..

Many Thai nationals may not be able to attend the proposed casino resorts due to the strict financial requirements outlined in a recent draft of Thailand's Entertainment Complex Bill The draft, which was released on Saturday, proposes new rules requiring Thai nationals to provide confirmation of a sizable bank account before they can visit a..

Recently, cybercriminals promoted a fake memecoin called KSA by taking over the Saudi Law Conference's official X account The token's introduction sparked concerns right away since it claimed ties to Crown Prince Mohammed bin Salman Since then, the Saudi Law Conference has denied any connection to the cryptocurrency and acknowledged that their..

Proposed guidelines have been introduced by the European Securities and Markets Authority (ESMA) to assess the credentials and experience of employees at crypto asset service providers These suggestions are in line with the Markets in Crypto-Assets Regulation (MiCA) of the European Union, which seeks to create a transparent regulatory framework..

In the Philippines, a nation renowned for its rapid adoption of AI and strong levels of social media participation, World Network has made its formal debut Worldcoin declared on February 17 that World ID, a digital identity verification system already utilized by more than 23 million people globally, will soon be available to Filipinos World ID..

In a motion, the US Securities and Exchange Commission (SEC) asks for an additional 28 days to reply to Coinbase's appeal request The request, which was filed with the US Court of Appeals for the Second Circuit on February 14, 2025, seeks to extend the SEC's response date to March 14, 2025 According to the filing, Coinbase has agreed to the..