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…
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%…
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…
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…
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….