New York is suing prediction market Kalshi, calling it an illegal gambling operation
At least 13 other states have filed similar lawsuits against Kalshi and Polymarket
Polymarket says it will refund users after hackers drained close to $3 million from wallets
A compromised third-party vendor allegedly let attackers inject a malicious frontend script
Meta is building a prediction market app, but it will launch without real-money bets
Another Zuck carbon copy could be on the way
Ripple effect: Never one to miss an opportunity to jump on a bandwagon (or steal someone else's idea), Meta CEO Mark Zuckerberg has directed a small team to create a prediction market app. The big difference is that it won't use actual money for trades – though that could change at some point.
Polymarket paid influencers to fake winning bets, built dummy websites to pull it off
A WSJ investigation found 10 creators posted 1,100+ videos of fake wagers totaling $1.9 million
Kalshi calls itself a hedging platform now, but critics say it's still just sports betting in disguise
Push into Wall Street looks a lot like a strategy to dodge sports betting regulation
Kalshi fines candidates for betting on their own elections, but one says he wanted to get caught
He was proving that prediction market platforms are"dangerous to our democracy," apparently
Valve says its loot boxes are more like trading cards than gambling
Valve prepares legal fight as New York calls Counter-Strike loot boxes illegal gambling
New York sues Valve, arguing loot boxes cross the line into gambling
Counter-Strike, Dota 2, and the business of chance
FBI raids Polymarket CEO's apartment, seizes his phone after platform predicted easy Trump win
"Grand political theater at its worst"
After $50 million Trump wager payout, France moves to ban Polymarket betting platform
Someone bet $28 million on Trump to win
Philippines shutters its online gambling industry amid tax evasion, human trafficking concerns
Going "scorched-earth" on the entire industry to curb the illegal businesses
A casino in Australia gave away millions in cash due to software glitch, recipients charged with fraud
Blunder down under
In a nutshell: A casino in Sydney, Australia, inadvertently gave away millions of dollars in cash to dozens of people due to an apparent software glitch. The bug was spotted and rectified after two weeks but by then, more than $2 million had been erroneously dispensed by the malfunctioning machines. The police have now charged the "lucky" cash recipients with fraud and a litany of other crimes.
Under-18s loot box crackdown: UK announces new restrictions
New Industry Principles have been announced to protect players
Running away for Wi-Fi, violence, and theft: A look into a gaming addiction clinic
When a hobby becomes a dangerous obsession
Consumer watchdog report on loot boxes prompts 18 countries to push for stricter regulation
But enforcement still seems to be the issue that makes regulation efforts fruitless
A woman stole $680,000 and spent it on a gambling game that doesn't pay out real money
No chance of ever winning it back
Shady iOS developers are hiding casino gambling inside kids' games
You can unlock the casino with a VPN set to an IP address where gambling is legal
New ESRB label will tell you if a game has loot boxes or other similar mechanics
Much better than previous labeling, which included titles with any type of in-game purchasing
FIFA is under fire again for loot box gambling with two lawsuits filed in France
Lawyer claims EA baits players by increasing odds when they to spend more resulting in gambling addiction
Fortnite is removing paid-for random loot boxes from its Save the World mode
Better late than never
FTC promises to investigate loot boxes
This could have far-reaching repercussions
Complexity Gaming becomes first eSports organization to partner with a casino
WinStar World Casino has entered the eSports industry
Apple removes 25,000 apps from the China App Store
The company says it was complying with regulators