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JPMorgan cuts banking connections with Polymarket while remaining open to participating in IPO, according to Financial Times

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14 August

JPMorgan cuts banking connections with Polymarket while remaining open to participating in IPO, according to Financial Times

By Liev Jackson Blog • No Comments

JPMorgan Chase is still interested in underwriting a potential Polymarket IPO despite terminating their banking relationship with the prediction market platform last year due to regulatory concerns, as reported by…

14 August

South Korea Uncovers $3B Illegal Gambling Operation and Child Pornography Syndicate

By Liev Jackson Blog • No Comments

South Korea police recently broke up an international online gambling network that enticed players with illegal pornography, including images and videos exploiting minors. Incheon International Airport in Seoul is where…

14 August

Americas Cardroom announces $20 million-plus guarantee for Super Stacked Sunday lineup

By Liev Jackson Blog • No Comments

Americas Cardroom will offer more than $20 million in guaranteed prizes on 16 August through its Super Stacked Sunday schedule. The lineup will combine Day 1B of two Mystery Bounty…

14 August

LAS VEGAS MUSIC UPDATE: Rod Cancels Regular Performances, Frankie Retires

By Liev Jackson Blog • No Comments

Las Vegas is losing two of its most enduring headliners – one temporarily, one permanently. This week, Rod Stewart canceled his August run at the Colosseum at Caesars Palace after…

14 August

White House planning to hold meeting on crypto and prediction markets next week

By Liev Jackson Blog • No Comments

The White House is expected to host crypto and prediction market officials next Wednesday, as reported by Politico. The gathering may also include traditional finance executives, although the attendee list…

14 August

JPMorgan Ends Partnership with Polymarket, Yet Businesses Maintain Connection.

By Liev Jackson Blog • No Comments

JPMorgan Chase (NYSE: JPM) reportedly terminated its banking relationship with Polymarket in October last year amidst increasing regulatory scrutiny on the prediction market operator. Polymarket was reportedly debanked by JPMorgan…

14 August

Macau invests $16 billion to reduce economic dependence on casinos

By Liev Jackson Blog • No Comments

Macau is striving to reduce its reliance on casino gambling by increasing the contribution of non-gaming sectors to its GDP. The local government aims to raise this contribution to 60%…

14 August

Man from New Jersey Confesses to $47M Fraud to Settle Gambling Debts

By Liev Jackson Blog • No Comments

A man from New Jersey has entered a guilty plea for defrauding nearly 100 victims of over $47 million in a Ponzi-like investment scheme. The stolen money was primarily used…

14 August

Mohegan’s Exclusive Agreement with Niagara Casino Comes to an End as Ontario Looks to Expand

By Liev Jackson Blog • No Comments

MGE Niagara Entertainment Inc. (MGE) has agreed to relinquish its exclusive casino gaming rights in the Niagara region, paving the way for Ontario to introduce new casino operators as part…

14 August

Internal Revenue Service Encourages Public to Utilize State-Approved Gambling Platforms

By Liev Jackson Blog • No Comments

The distinction between gambling and investing is becoming increasingly blurred, with federally regulated prediction markets resembling sportsbooks. The IRS is advising Americans to use state-licensed betting platforms for gambling activities….

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