Tag: gambling
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highes [...]
DraftKings Dumps NFT Business, Citing Legal Developments
"After careful consideration, DraftKings has decided to discontinue Reignmakers and our NFT Marketplace, effective immediately, due to recent legal de [...]
Penn lays off about 100 employees as it focuses on ESPN Bet growth
The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024. Gabby Jones | Bloomberg | Getty ImagesPenn Entertainment will l [...]
Founder's Gambling 'Struggles' Spur Crippling Loss at Crypto Casino Backed by Galaxy
Galaxy is one of several investors who have accused Richard Kim of misappropriating at least $3.67 million of company funds belonging to Zero Edge, hi [...]
FanDuel, DraftKings prepare for gambling rise
The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics.So [...]
Concerns grow over gambling addiction in the military
In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defen [...]
Met Police join Gambling Commission inquiry into election bets
Police are to take the lead in investigations into some of the allegations about bets placed by politicians on the general election.Industry regulator [...]
Tory candidate says she is cooperating with Gambling Commission
A Conservative candidate alleged to have bet on the timing of the general election has confirmed she is cooperating with the Gambling Commission.Laura [...]
Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Go Sour
Drake stood to win $1.025 million and $1.375 million if the Oilers and Mavericks managed to win their respective series, according to the betting slip [...]
ZKasino Gives Users 72 Hours to Opt Out of ZKAS Conversion, Bridge Back Their Ether (ETH) Deposits
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning medi [...]
ZKasino Users Plead for Refunds as $33M of Bridged Ether Sent to Lido
In the lead-up to going live, ZKasino opened up a token bridge that allowed investors to deposit ether (ETH) to earn ZKAS, the platform’s native token [...]
Largest U.S. sportsbooks join forces to tackle problem gambling
Seven of the nation's largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, [...]
DraftKings posts 44% revenue growth, but falls short of estimates
In this photo illustration the DraftKings logo seen displayed on a smartphone.Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesDraftKings on [...]
NFL bars teams from gambling in Las Vegas
Nick Laham | Getty ImagesThe NFL is holding the Super Bowl in the gambling capital of the U.S. for the first time, but Commissioner Roger Goodell is r [...]
UN Alleges Major Tether Role in Illicit Activity in East Asia, Stablecoin Issuer Hits Back
The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have e [...]