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Casino
April 18, 2025
Crypto Casino Founder Richard Kim Arrested for Fraud After Losing $7M
Police took Richard Kim into custody this week. He started the cryptocurrency casino platform Zero Edge, which no longer exists. People claim he misused almost $7 million that investors gave him. Kim used to work as an executive at big financial companies like Galaxy Digital, Goldman Sachs, and JPMorgan. Now he faces charges of securities […]
Blockchain
April 16, 2025
Crypto Gaming Struggles to Onboard New Users
As the cryptocurrency sector continues evolving, an emerging trend reveals that crypto gambling platforms could face significant challenges in attracting new customers, particularly those with existing digital wallets. According to recent data by Web3 marketing firm Addressable, crypto gambling ads are among the most expensive user acquisition methods in the decentralized space. Blockchain Casinos Face […]
Business
March 31, 2025
Group Partouche to Sell Former Cannes Casino Site
French gaming powerhouse Groupe Partouche announced that it is divesting one of its properties in France. While the company didn’t go into details about the sale, it confirmed that it expects to close the agreement very soon. The Casino Was Relocated Last Year Groupe Partouche confirmed that it has decided to sell the building where […]
Industry
March 17, 2025
Vietnamese Siblings Arrested in Massive Gambling Ring
Fraud and scams are not uncommon, especially in the digital age. The popularity of social media and easy access to the internet enable bad actors to easily engage with victims across the globe, putting their finances and personal information at risk. In one recent crypto investment scheme, four siblings are facing allegations for their involvement […]
Blockchain
March 17, 2025
Wire Fraud Charges Lead To CluCoin Founder’s Sentencing in Florida
Over the last few years, highly volatile cryptocurrency markets have made many people millionaires. While some were fortunate enough to make the score of their life, others were not so lucky and lost everything. In one such recent case, investors who supported a charity-oriented cryptocurrency token project lost more than $1 million, after the founder […]
Blockchain
March 10, 2025
Choctaw Pioneers Crypto Gaming in the US via Everi and Bitline
At the end of last year, the Choctaw Nation’s gaming and hospitality arm, Choctaw Casino & Resorts, announced a partnership with the ATP Tour tennis competition, Dallas Open. The move came amid rumors that sports betting in the Lone Star State might materialize in 2025. In another surprising and pioneering move in the industry, Choctaw […]
Business
February 24, 2025
SharpLink Secures Stake in CryptoCasino Owner Armchair Enterprises
SharpLink Gaming, a provider of online marketing to the iGaming and sports betting industries, announced that it has secured a stake in Armchair Enterprises Limited, the owner and operator of CryptoCasino.com. This investment, according to SharpLink Gaming, is in line with its ambition to expand into the lucrative cryptocurrency gaming market. SharpLink Makes a Foray […]
Industry
February 20, 2025
Argentina’s Newest Crypto Scandal Reflects President Milei’s Worrying Attitude to Gambling
Argentina’s President Javier Milei is facing substantial public backlash after he promoted the cryptocurrency $LIBRA on social media. Milei tweeted on X (formerly Twitter) on 14 February, praising the token and stating it would fund small businesses and Argentine startups. Thousands of investors jumped in within an hour, taking the price from $0.21 to a […]
Blockchain
February 20, 2025
Portnoy Profits Close to $260K from Memecoin Before Collapse
Barstool Sports founder David Portnoy is facing criticism after a memecoin venture that saw him walk away with significant profits while leaving investors empty-handed. Memecoin Drops by 99%, Portnoy Pulls the Rug The controversy erupted when Portnoy launched the $GREED token on the Solana blockchain, acquiring 357.92 million tokens (roughly 35.8% of the total supply) […]
Blockchain
January 30, 2025
BKEX Staff Sentenced over Illegal Crypto Contracts Gambling
At a time when Polymarket and Kalshi have found respite in the United States, with regulators likely to ease up the pressure, China is tightening the screws on crypto contracts. The latest case comes from The People’s Court of Pingjiang County, Hunan Province, where the judge presiding over the case against BKEX, a crypto contract […]
