News
Gambling company DraftKings has agreed to pay a $10 million settlement to a group of NFT buyers that accused it of selling unregistered securities.
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Gambling News
Gambling is a game of chance that minimally depends on players’ skills, with its main purpose being to gain money or other material values. Gambling is restricted in many countries. As the use of virtual currencies has spread almost everywhere, cryptocurrency gambling has also become more popular among users. Because all digital currencies are decentralized, it seems difficult to regulate it in order to create a user-friendly environment in the games. Also, the decentralization of cryptocurrencies makes it almost impossible for governments to trace the use of money, because Bitcoins are stored on the players’ computers. There already exists some online games that accept Bitcoin with ability to exchange it for internal tokens or use it as the main currency of the game. Besides Bitcoin, there are also sites for gambling with Ethereum and other Altcoins. However, the future of cryptocurrency gambling is still uncertain.
- News
Buterin said online critics have painted Ethereum as bad because it hasn’t welcomed casinos to the blockchain.
6778 - News
The Slovakia Gambling Regulatory Authority has revealed a report showing the gambling habits of Slovaks for 2024.
18 - Market Analysis
Crypto-based prediction markets, casinos and sports betting are reshaping the iGaming sector while generating billions of dollars in trading volume.
1164 - News
Former Thai PM Thaksin Shinawatra urges stablecoin adoption and online gambling legalization to boost Thailand’s revenue and innovation.
8688 - Investigation
Blockchain casino project Mpeppe launched a claim portal for users to receive 25% of tokens owed, but users say they can’t sell because there is no liquidity.
2441 - Follow up
Predictions markets had an edge on the polls in the 2024 US election, but are they actually helping pundits predict the future?
13785 - News
The CFTC says a federal court judge “mistakenly erred” when it allowed betting market Kalshi to list event contracts for the 2024 US elections.
3702 - News
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
8377 - Follow up
While some say that prediction markets are a risk to democracy, others think they could serve the public by offering valuable insights and risk management tools.
9681 - News
Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns.
5602 - News
The project claimed it was allowing users 72 hours to sign up to receive their ETH back, but two months later, the funds have not moved.
9099 - Follow up
Traders are disillusioned with the ultra slim chances of picking a memecoin winner.
4131 - News
A man in Taiwan faces charges for using the crypto betting platform Polymarket to wager on the 2024 elections.
1994 - News
NHS boss Amanda Pritchard called for action, saying specialist clinics are seeing a rise in young people with crypto trading addictions.
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