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News
VGW Pays New York $8M Following Cease-and-Desist Order
4+ day, 7+ hour ago (468+ words) New York regulators accused VGW of offering illegal gambling through its platforms, Chumba Casino, Global Poker, and LuckyLand Slots. Sweepstakes casino operator Virtual Gaming Worlds (VGW) has paid New York regulators $8 million, following a cease-and-desist order issued by Attorney General…...
CFTC sues New York to block oversight of prediction markets
4+ mon, 2+ week ago (281+ words) NEW YORK, April 24 (Reuters) - The U.S. Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets and Gemini Titan of promoting gambling. In a…...
Exclusive | PrizePicks relaunching in New York after $15M settlement
7+ mon, 1+ week ago (379+ words) A major daily fantasy operator has returned to the Big Apple. PrizePicks, one of the largest daily fantasy sports (DFS) operators in the United States, is re-launching in the state of New York, The Post has learned, after a cease-and-desist…...
New York State Warns Wall Street’s Offshoots: Stop Gaming Predictions
10+ mon, 1+ day ago (485+ words) Prediction markets are no longer the quiet forecasting tools once celebrated by economists. They have become highly liquid, socially networked, and behaviorally engineered platforms that blur the boundaries between insight and inducement. Just as lawmakers were introducing the New York…...
Resorts World Again Feels The Love For New York Casino Bid
11+ mon, 3+ week ago (384+ words) About the only thing left looks to be Resorts World writing the check for a New York casino license. The CAC overseeing this applicant has until Sept. 30 to vote the proposal forward to the New York State Gaming Commission, requiring…...