A cryptocurrency network allegedly helped Iran move billions of dollars through global financial markets despite years of international sanctions, according to an …
Gambling
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Markets
New York sues Kalshi, alleges it offers a gambling platform 'plain and simple'
by shayaanby shayaanThe suit wants to bar the company from operating what it says is an unlicensed gambling business and seeks financial redress. www.coindesk.com
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Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that …
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Regulation
The IRS has yet to determine if betting on World Cup prediction markets is actually gambling
by shayaanby shayaanThe Internal Revenue Service (IRS) still has not said whether Americans trading World Cup contracts on prediction platforms should pay tax as …
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Finance
Americans lost hundreds of billions on crypto speculation. Why is only some of it considered gambling?
by shayaanby shayaanAmericans are on pace to lose more money on legal gambling this year than at any point in the country’s history. A …
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A rare criminal hit on a gambling influencer A district court in North Savo, Finland, on June 18 convicted Jouko “Pottukoira” Kärkkäinen, …
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Scams
Pokémon Card Sales Are Surging on Crypto Platforms—Just Don’t Call It Gambling
by shayaanby shayaanIn brief Monthly sales for tokenized Pokémon cards skyrocketed over the past year, fueled by a wave of speculative demand surrounding trading …
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Regulation
CFTC proposes framework favoring sports event contracts over gambling
by shayaanby shayaanThe US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not …
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Regulation
Crypto rails made prediction markets global, gambling laws may make them local again
by shayaanby shayaanSouth Korean police opened the country’s first illegal gambling probe into domestic Polymarket users on Jun. 5, targeting residents who placed bets …
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Regulation
Gaming Industry Warns Prediction Markets Have Cost States Over $1 Billion in Gambling Taxes
by shayaanby shayaanThe rapid expansion of prediction markets has sparked a fresh dispute between gambling operators and financial regulators across the United States. Casino …