Crypto casinos reportedly raked in tens of billions of dollars last year from gamblers despite regulatory prohibitions. According to a new report …
Gambling
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Markets
Crypto Casino Founder Richard Kim Arrested After Gambling Away Investor Funds
by shayaanby shayaanRichard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. …
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A crypto “mining farm” in Gwangju turned out to be a front for money-spinning of a different kind: illegal gambling. On Wednesday, …
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Takumi Niwa, a 30-year-old Japanese table tennis star and 2021 Tokyo Olympic bronze medalist, was arrested on suspicion of illegal online gambling …
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Regulation
China Declares Crypto Futures Trading Illegal Gambling in Major Ruling
by shayaanby shayaanThe People’s Court of Pingjiang County, Hunan Province, has classified futures trading on a crypto exchange as gambling. The ruling has resulted …
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Regulation
Thai residents kick against ex-PM’s crypto, gambling legalization push, poll shows
by shayaanby shayaanThai residents have kicked against a government plan to legalize casinos and online gambling. According to recent reports, casinos and online gambling …
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Markets
Prediction Markets Don't Have a Gambling Problem, Says Crypto Attorney
by shayaanby shayaanSingapore and Thailand recently moved to ban Polymarket from their respective jurisdictions, arguing that the site was just another gambling platform. On …
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Prediction market platforms Polymarket and Kalshi spend a lot of time and money convincing regulators they’re not gambling. Outside of the U.S. …
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Singapore’s gambling regulator has blocked access to Polymarket, a controversial crypto prediction platform under scrutiny for its handling of US election-related bets. …
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The new ban means French traders can no longer access the crypto powered prediction markets juggernaut. www.coindesk.com