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Crypto Casinos Generated $81 Billion In Revenue Last Year
Revenue generated by crypto casinos soared to over $81 billion last year, marking a fivefold increase from 2022. In a report published by Yield Sec, the top earners were Stake, Rollbit, and Roobet. Stake alone generated
DraftKings Faces Lawsuit Over Casino Deposit Bonus
The lawsuit, filed in the Eastern Pennsylvania District Court, takes issue with the $1000 casino deposit bonus offered by DraftKings. The complaint states, “DraftKings attracts new users and keeps existing users
Crypto Betting Companies Among Donors To Trump Inauguration
The Federal Election Commission published a list of donors to Donald Trump’s inauguration committee, and there were big-money donations from crypto betting sites. The list of donors with ties to the crypto and
Dreitzer Appointed As Head Of Nevada Gaming Control Board
Gov. Lombardo appointed Mike Dreitzer as the new head of the Nevada Gaming Control Board (NGCB) to replace current chairman Kirk Hendrick. Dreitzer was serving as the CEO of Gaming Arts, a gaming equipment supplier and
New Jersey Report Tackles Unregulated Gambling Markets
In a report submitted to the Governor of New Jersey, the Responsible Gaming Task Force focuses on the rise of unregulated gambling. The report identifies four main areas of unregulated betting: social and sweepstakes
Arizona Cracks Down On Unlicensed Gambling Operators
The Arizona Department of Gaming (ADG) sent cease-and-desist letters to a range of unlicensed gambling operators, including sweepstakes casinos and unlicensed sportsbooks. “Illegal gaming—no matter the platform or
Crypto Casino Founder Arrested For Gambling Away Funds
Richard Kim was arrested this week after losing most of the $7 million he had raised to fund crypto casino venture, Zero Edge. According to an FBI complaint filed on Tuesday, Kim “fraudulently induced investors to
Drake Loses Almost $1 million On Stake Live Stream
Drake and Adin Ross streamed themselves on Kick on Sunday and racked up big losses on crypto casino Stake. Within seconds of the stream starting, the pair were placing $100,000 bets on slot games. The big bets continued
Game Supplier Suspends Sales To US Amid Tariff Wars
LT Game announced that it would not supply the US with slot machines and other gaming equipment due to high tariffs. The company’s chairman and managing director, Jay Chun, stated, “We won’t be selling to the
Russia Proposes Blocking Crypto Payments At Online Casinos
Yevgeny Masharov, a senior Russian policymaker, has proposed measures to tackle illegal online casinos. The two measures proposed are to block access to several websites and applications as well as blocking payments in