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The Coalition for Prediction Markets has shown support for Representative Ritchie Torres’s effort to strengthen integrity in the sector.
It was in early January when the Congressman announced he would be introducing a bill called the ‘Public Integrity in Financial Prediction Markets Act of 2026.
If passed, it would prohibit federal elected officials, political appointees, Executive Branch...
Twenty-six people have been named and charged in a massive point-shaving scheme. The game fixing plans had impacted both the NCAA Division I men’s basketball and the Chinese Basketball Association games.
United States Attorney David Metcalf announced who the 26 individuals were on January 15. The names among them include up-and-coming athletes in the sport. Below you’ll find those allegedly...
The National Collegiate Athletic Association’s President Charlie Baker (NCAA) is calling on state gambling commissions to adjust state laws and regulations, so gambling on individual prop bets is removed.
A letter from the NCAA was sent to these state gambling commissions, with a reiteration of its first request from 2023, when it asked for state laws and regulations to be amended to include a...
Federal prosecutors say a sprawling, international point-shaving scheme corrupted NCAA Division I men’s basketball games and professional contests in China, exploiting one of the most difficult betting markets in sports to police aka point spreads.
The case, United States v. Smith et al., was unsealed on Thursday (January 14), in federal court in Philadelphia. Prosecutors say that 26 people were...
Federal prosecutors in Philadelphia have unsealed criminal charges in what they say was a years-long, international scheme to rig NCAA Division I men’s basketball games, and even some pro games in China, all to make money through illegal sports betting.
Speaking at a news conference, David Metcalf, the U.S. Attorney for the Eastern District of Pennsylvania, said the case involves “the criminal...
Former Toronto police officer and Barrie man charged in Ontario police probe gambling extortion ring
The York Regional Police Organized Enforcement Bureau in Ontario, working alongside the South Simcoe Police Service, has charged a former Toronto police officer and another suspect in connection with an ongoing gambling extortion investigation involving organized crime.
According to a press release from the York Regional Police, police searched a residence in Toronto, which led to Thomas Phippard...
The Social Gaming Leadership Alliance (SGLA) is asking state lawmakers in Maine to reconsider the SP 825 bill which would see Social Plus games banned.
It was back in November 2025 when the term ‘Social Plus’ was coined in a blog written by SGLA’s Managing Director Sean Ostrow as a new term for online sweepstakes game. These are always restricted to players 21+ and can include interactive board,...
The chairman of the New York State Gaming Commission has voiced support and applauded Governor Kathy Hochul for her commitment to protecting New Yorkers, as she outlined more than 200 initiatives, including gambling-related measures.
Amongst the many topics in the address, Governor Hochul has highlighted how online sports betting has become immensely popular and has stressed young people need to...
Jason Noah Feinman of Calabasas in California, has pleaded guilty to operating an illegal offshore gambling business, evading taxes and laundering money in a statement released by the Office of Public Affairs at the US Department of Justice.
Feinman operated a Costa Rica-based business in which its main focus was to run a website that was used by illegal gambling businesses to assist various...
The Coinbase CEO, Brian Armstrong, has made his feelings known on the Senate’s crypto market structure bill, as he takes to social media to pull his support.
“After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written,” he says.
It was on Monday (January 12) when draft legislation was finally revealed, with this to create a...