Technology

Ohio Issues Cease-and-Desist Orders to Kalshi, Robinhood, and Crypto.com Over Sports Betting Contracts

Ohio has become the latest state to take regulatory action against Kalshi, Robinhood, and Crypto.com, issuing cease-and-desist orders against the three platforms for allegedly offering unlicensed sports betting...

Sports Illustrated Partners with Galactic to Launch SI Predict for Non-Outcome Sports Markets

Sports Illustrated is venturing into the world of prediction markets with the launch of a new platform, SI Predict, in partnership with the UK-based digital marketing company Galactic. The innovative platform w...

Massachusetts Investigates Robinhood Over March Madness Prediction Markets

Massachusetts regulators have launched an investigation into Robinhood’s latest venture, a prediction-markets hub that allows users to place bets on the outcomes of the NCAA’s March Madness basketball tournamen...

OpenBet and Endeavor Drive New Growth Era Following Strategic Buyout

OpenBet, a leading entity in the betting and gaming sector, has officially completed its management buyout, marking a pivotal transition in its corporate journey. The sale, orchestrated by Endeavor Group Holdin...

10-Hour Outage in Germany’s Sports Betting Market Raises Concerns Over Black Market Growth

A recent 10-hour disruption in Germany's sports betting market has highlighted vulnerabilities in the country's regulatory infrastructure. On March 15, a critical IT system failure halted operations for license...

Robinhood Partners with Kalshi to Launch Diverse Prediction Markets Hub

Robinhood, a leader in financial trading platforms, is expanding its service offerings through a strategic partnership with Kalshi by launching a dedicated prediction markets hub within its app. This initiative...

2Tribal Unveils Pioneering Digital Gaming Technologies for Native American Tribes

In a significant development for the tribal gaming industry, 2Tribal has announced its debut, positioning itself as a frontrunner in digital gaming solutions exclusively for Native American tribes. This initiat...

DraftKings Ventures Into Prediction Market Territory with NFA Application

DraftKings, the renowned sportsbook operator, is strategically positioning itself to enter the burgeoning prediction market industry. Recently, it initiated an application to join the National Futures Associati...

Cryptocurrency Revolutionizes U.S. Casino Market with Bitline and Choctaw Partnership

In an unprecedented move in the U.S. casino industry, Bitline, in partnership with Choctaw Casinos & Resorts and fintech giant Everi, has introduced a groundbreaking cryptocurrency-based liquidity system. T...

Resolution in Sight for MGM and FTC Over Cyberattack Investigation

MGM Resorts International and the Federal Trade Commission (FTC) reached a settlement of a contentious legal dispute triggered by a severe cyberattack on MGM in September 2023, which resulted in considerable op...