illegal gambling
Coverage of illegal gambling in the Nexus archive.
- South Korea moves to block Polymarket over gambling concerns
South Korea plans to block Polymarket over concerns regarding illegal gambling. The Korea Media and Communications Commission stated that Polymarket's structure and operations amount to illegal gambling, even though the platform uses noncustodial design and smart contracts.
- New York sues Kalshi over alleged illegal gambling
New York State is suing Kalshi, an online betting portal, for allegedly operating an illegal gambling business. Kalshi claims to be a federally regulated exchange not subject to state laws.
- NY sues Kalshi over alleged illegal gambling operation as prediction market war heats up
New York Attorney General Letitia James has filed a lawsuit against Kalshi, alleging the company is offering illegal gambling products to New Yorkers without a state license. The case centers on Kalshi's operations as a prediction market platform.
- New York AG Seeks $36B From Kalshi Over 'Illegal Gambling'
New York's Attorney General is seeking $36 billion from Kalshi over allegations of 'illegal gambling'. The CFTC requested a court to halt New York's enforcement against the prediction market the day before the state filed its action.
- New York sues Kalshi over illegal gambling claims, seeks $36 billion in damages
New York State is suing Kalshi over illegal gambling claims and seeking at least $36 billion in compensatory damages. The lawsuit is pending a full accounting of damages.
- Arrests made and machines seized in illegal gambling bust in Honolulu
Honolulu police arrested two individuals and seized gaming machines and cash during a raid on an illegal gambling operation at Kalauokalani Way on Wednesday evening. The operation targeted the seizure of illegal gaming equipment and funds.
- 78 arrested in crackdown on illegal gambling, including racecourse syndicate
Hong Kong police arrested 78 individuals, including a 16-year-old, in a crackdown on illegal gambling and related activities. The operation targeted a syndicate operating at the Happy Valley racecourse and involved enforcement against illicit drug, gambling, prostitution, and triad activities between July 7 and Monday.
- French gambling regulator orders ISPs to block Polymarket
France’s gambling authority has ordered the country’s internet service providers to geoblock Polymarket, citing illegal gambling and market manipulation concerns.
- [US] My little brother took a job(?) testing gambling sites for "Little Wheel." It sounds sketchy.
The user is concerned about their brother working for 'Little Wheel' to test gambling websites, questioning the company's legitimacy given gambling's partial legality in their region. The job was sourced through Virtual Vocations, and the user suspects scams, citing a Reddit bot impersonating a founder and prior family experiences with fraud.
- 65 arrested in Hong Kong crackdown targeting illicit triad-linked income sources
Hong Kong police arrested 65 people, including 11 sex workers and 54 others linked to illegal gambling, during a two-day operation with fire services and immigration authorities targeting triad-connected income sources. Three additional individuals received summonses for operating an illegal petrol station.
- Federal judge dismisses City of Hitchcock lawsuit that sought return of $721K seized by Galveston County
A federal judge dismissed the City of Hitchcock's lawsuit seeking the return of $721,000 seized by Galveston County. The funds, 9% of Hitchcock's annual operating budget, were taken from its general fund bank account in June over allegations linking them to illegal gambling.
- Financial products or illicit gambling? Can Hong Kong regulate prediction markets?
Hong Kong's market regulator has stated that certain activities on an international brokerage firm's prediction market platform may be classified as 'financial products,' raising questions about their legality. Legal experts are divided on whether existing laws clearly distinguish prediction markets from illegal gambling.
- More than $721K seized from city of Hitchcock’s general fund as part of illegal gambling probe
Over $721,000 was seized from Hitchcock's general fund by the Galveston County Sheriff's Office as part of an illegal gambling investigation. The amount represents approximately 9% of the city's annual revenue.
- Illegal gambling in Hong Kong
The article addresses illegal gambling activities in Hong Kong. No further details are provided in the content.
- South Korea police probe Polymarket users over illegal gambling claims: Report
South Korean police reportedly launched the country’s first illegal gambling probe into local Polymarket users amid election-betting scrutiny. The investigation focuses on users of the platform over claims of illegal gambling activities.
- South Korean police investigate local Polymarket users on illegal gambling charges: report
South Korean police are investigating local Polymarket users for illegal gambling. Users could face fines of up to 10 million Korean won, equivalent to $6,495.
- New York Attorney General sues two prediction markets on illegal gambling allegations
The New York Attorney General has filed a lawsuit against two unnamed prediction markets, accusing them of operating as illegal gambling platforms. The legal action seeks to enforce state laws prohibiting unlicensed gambling activities.
- New York Sues Coinbase and Gemini Over Prediction Markets, Seeking Billions in Damages
New York Attorney General Letitia James alleges that Coinbase and Gemini's prediction markets are illegal gambling operations, leading to a lawsuit seeking billions in damages.
- New York Attorney General sues Coinbase, Gemini for ‘illegal gambling’ on prediction market platforms
New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini, alleging they illegally offered betting on events through prediction market platforms. The case accuses the companies of enabling unregulated gambling without proper licenses.