Gambling

The founder of NFT marketplace Few and Far is accused of raising $10 million from investors under the promise of building a Web3 platform, but instead spent the funds on gambling, trading, and personal hobbies like DJing. Prosecutors allege the money was diverted to personal expenses rather than the stated business purpose.

Kalshi CEO Tarek Mansour states that lawsuits against his company are part of a cycle disruptive startups face, comparing it to challenges Uber and Airbnb encountered. Multiple states, including New York, have launched legal actions against Kalshi, alleging its prediction markets constitute illegal gambling, while Kalshi claims compliance with CFTC regulations.

A Reuters investigation found that Iran's Revolutionary Guards used illicit gambling networks to circumvent sanctions, moving $4 billion through betting websites despite gambling being illegal in the Islamic Republic. The operation continued during the war.

A Wading River attorney, Peter, has been arrested for allegedly stealing over $800,000 from clients and other individuals between October 2023 and October 2025, using the funds for gambling and personal expenses, according to Suffolk County District Attorney Raymond A. Tierney.

A federal judge in Minnesota blocked the state's ban on prediction markets, allowing platforms like Kalshi and Polymarket to continue operating. The ban, which aimed to restrict activities deemed 'indistinguishable' from gambling, was set to take effect but is now temporarily halted pending further legal review.

Malawi's gaming regulator has issued a strong warning against treating gambling as a source of income, as financially strained households increasingly risk essential savings on betting platforms.

A Manhattan Beach attorney admitted to embezzling $310,000 from clients and writing checks without sufficient funds. He pled guilty to four felony charges related to the misuse of client funds and financial misconduct.

A Southern California lawyer is serving a two-year sentence after using $300,000 from clients' funds to support a gambling addiction and falsely claiming to have terminal cancer to hide his job failures.

Drake lost $2.5 million in a week due to gambling on Conor McGregor and Argentina. The article references 'The Iceman strikes again,' likely alluding to the financial impact.

Trump removed a teleprompter operator who was gambling using his own words after accumulating a six-figure sum.

The European Union’s top court ruled that YouTube may lose liability protection if it actively partners with channels promoting illegal gambling. Google challenged an Italian fine for hosting such content, but the court found that platforms cannot claim liability exemption if they know the content’s nature through partnerships.

A woman entered a plea deal after being charged with marrying multiple men in Las Vegas for money to fund her gambling habit, according to authorities. Police allege she married some men simultaneously.

A woman who married more than a dozen men in Las Vegas to fund her gambling has agreed to plead guilty to two felonies. Authorities describe the act as part of a fraud scheme.

Louisiana now requires NIL agents to register with the state, including background checks and training. Act 895, signed by Gov. Jeff Landry, imposes penalties for non-compliance, while Act 810, effective Aug. 1, regulates high school NIL deals with parental consent and industry restrictions.

A user reported unauthorized activity on their Instagram and Gmail accounts after using the Renz app, which they linked to their Google account. The user claims Renz's customer support dismissed their concerns, advising them to log back into their account despite potential security risks. The user warns others about the app's safety and poor response from support.

The author spent $892 on Pokémon packs via the Rips app in 15 minutes but only received 62 cents in value. The experience was likened to a gambling rush due to the high financial risk and low reward.

Kodagu police arrested 28 individuals for gambling in a homestay. The incident highlights law enforcement action against illegal gambling activities.

This week, the Reflecting Pool faced new challenges. The article also mentions topics such as soccer, gambling, and U.K. politics.

Footballer Paul Merson shared that being diagnosed with deadly skin cancer at age 43 was scarier for him than overcoming his cocaine, gambling, and alcohol addictions.

The CFTC proposes rules to prioritize sports event contracts over gambling, preserving election markets and enabling sports-based prediction contracts while restricting bets that might lead to manipulation.

Special interest groups spent a record $384.8 million to influence the New York State government in 2025, with the gambling and housing lobbies leading the spending, according to the Commission on Ethics and Lobbying in Government.

Katherine Louise Henderson, 55, of Norfolk was sentenced to a year and six months in prison for embezzling over $123,000 from her employer to pay gambling debts.

Primm was a once-bustling gambling pit stop. A Las Vegas-based company wants to revamp it, but the family who owns the land is considering their options.

Primm, once a bustling gambling pit stop, is now a ghost town. A Las Vegas-based company aims to revamp it, but the land-owning family is evaluating their options.

Primm, once a bustling gambling pit stop, is now a ghost town. A Las Vegas-based company aims to revamp it, but the land-owning family is considering their options.

A self-proclaimed 'gambling guru' pleaded guilty to bribing players and purchasing inside information in two federal cases. Marves Fairley exited the Brooklyn Federal Court in New York City in 2025.

Indonesia blocked Polymarket after users placed bets on President Prabowo Subianto leaving office early, citing gambling concerns and expanding global scrutiny of prediction markets.

A thriving casino demonstrates the resilience of the gambling industry despite the decline of Las Vegas as a gambling hub.

Las Vegas is attempting to reinvent itself by diversifying its economy beyond gambling. The city is investing in new industries to attract a broader range of tourists and businesses.

Brazil has blocked certain prediction platforms and is implementing stricter regulations to curb 'bet-like' products, aiming to prevent gambling-related risks and protect users from potential harm.

Brazil has banned 27 prediction market platforms, including Kalshi and Polymarket, under new regulations that classify their contracts as gambling. The move reflects stricter oversight of financial instruments deemed equivalent to betting.

A 20-year-old computer science student seeks practical guidance on entering the crypto market, questioning whether it's a viable path for profit or akin to gambling. He has technical knowledge from a blockchain course but needs advice on actionable steps and market participation.

An illegal card game called Pass is gaining popularity in Honiara, Solomon Islands, with participants risking significant losses. The game is played in smoky, hidden shelters, often attracting locals like Irene, a teacher, who visit after work for the chance of a big payout.

The article details how Polymarket gamblers are wagering millions on conflicts like the Iran war and Ukraine crisis, with the Guardian describing the practice as 'abhorrent.' The story highlights the intersection of financial betting and geopolitical events, drawing attention from platforms like Hacker News.

A study claims Native American hunter-gatherers used dice for gambling over 12,000 years ago on the western Great Plains of North America, predating similar practices elsewhere by 6,000 years. Archaeological evidence suggests these early games of chance occurred at the end of the last ice age.

A Metropolitan Police officer was convicted of fraud and coercive control after abusing his girlfriends and financially exploiting them for his gambling addiction. The court found him guilty of draining their finances and subjecting them to emotional and financial abuse.