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Legal
July 21, 2023
UK Says No to Regulating Crypto as Gambling
According to the government, the proposal by a lawmaker in the country to regulate crypto as a form of gambling would mean that – although crypto would have been dealt a reputational blow – the regulators themselves would be at a loss on how to address cases such as the collapse of FTX. Crypto Cannot […]
Blockchain
July 6, 2023
Crypto Project Developer Blames Lost Funds on Gambling Addiction
The case concerns a token known as 0XENCRYPT and the project that backs it, Encryption AI. A recent Reddit post alarmed community members about the events after the token crashed from $2.05 to trading at only $0.02, according to several price monitoring websites. Encryption AI Developer Admits to Spending Project Money on Gambling In other […]
Blockchain
July 3, 2023
Philippines Targets Company Linked to Alleged Crypto Scams
PAGCOR, the country’s regulator, has conducted a series of operations that have focused on clamping down on such activities, with the latest taking place in Las Piñas City in Metro Manila where the Philippine National Police raided a business and ordered an offshore gaming service provider to stop business with immediate activity. Clamping Down on […]
Blockchain
June 28, 2023
Maverick Games Partners with Pinnacle Solution to Strengthen Sportsbook
The partnership will seek to allow both companies to benefit in their respective fields of expertise. Maverick Games is a leading crypto operator that has built a reputation for itself around player protection whereas Pinnacle Solution delivers advanced platform solutions. Maverick Games to Strengthen Its Crypto Betting Platform Maverick is confident that it can deliver […]
Blockchain
June 26, 2023
Crypto Wagering Site Criticized for Taking Bets on Titan Sub Tragedy
Gizmodo, a popular media outlet, reported that blockchain betting site Polymarket had seen at least $220,000 wagered on the outcome of the Titan tragedy before the news of the vessel’s destruction and crew members’ demise was known. There Is a Time and Place for Everything The prediction website basically asked whether bettors believed that the […]
Business
June 19, 2023
Digitain Boosts Paydrom Payment Solution with Bitcashier
The award-winning gaming and sports betting technology provider, Digitain, unveiled details regarding a new partnership, allowing it to expand its iGaming payment gateway called Paydrom. Details regarding the new collaboration emerged on Monday and see Paydrom benefit from Bitcashier’s leading cryptocurrency payment options. Thanks to the new collaboration, the company’s technology will supercharge Digitain’s iGaming […]
Blockchain
May 17, 2023
UK Treasury Committee Seeks to Categorize Crypto Trading as Gambling
Certain MPs in the UK seek to categorize crypto trading as a form of gambling and regulate it appropriately. Currently, the sector is considered a financial service but the Treasury Committee believes that it is more akin to gambling in many aspects. MPs noted that cryptocurrency trading can be just as addictive as gambling. Furthermore, […]
Blockchain
May 2, 2023
Crypto Platform Diverted $9.6M to Gambling Sites in BC
The crypto trading platform is said to have been misleading its customers by feeding them a false narrative about investment and storing private funds securely. In reality, argues the BC Securities Commission, the platform has been diverting money to gambling websites. False Pretenses, Very Real Consumer Pain ezBtc is alleged to have kept the ruse […]
Blockchain
April 25, 2023
John Oliver Compares Crypto to Casino and Ponzi Scheme
John Oliver’s remarks come at a time when the US Securities and Exchange Commission is looking to regulate crypto through a new proposed framework that will be deployed over the next 90 days. This has already scared investors, with companies such as Coinbase threatening to exit the market and entrepreneurs such as Chamath Palihapitiya describing […]
Blockchain
April 24, 2023
DaapGambl Says 37% of TikTok Crypto Investment Videos Misleading
At least 37% of all videos surveyed by daapGambl were misleading, the company alleges in a new study published on its website. The company analyzed 1,161 videos that used the “#cryptok” hashtag and posted crypto-related content to discover that the majority of those accounts were sharing misleading or erroneous information. Half of TikTok Creators Affiliated […]
