Fantasy Sports Company Sorare Charged With Providing Unlicensed Gambling Facilities in U.K.
Sorare was charged with violating the Gambling Act 2005 in the regulator’s first move against a blockchain-based platform.
Gambling
DraftKings Dumps NFT Business, Citing Legal Developments
The sports gambling company faces a class action lawsuit alleging its NFTs are securities.
Drake on Brink of $1M Bitcoin Loss as NHL and NBA Bets Sour
Canadian singer Drake is on the cusp of losing $1 million worth of crypto after he placed two individual $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.
ZKasino Gives Users 72 Hours to Retrieve Their Ether
Aggrieved users have been given a 72 hour window to bridge their ether {{ETH}} back to the Ethereum blockchain after having deposits locked up for more than a month.
ZKasino Users Plead for Refunds as $33M of Bridged Ether Sent to Lido
Cryptocurrency casino ZKasino went live over the weekend but the launch was met with dismay from investors, who are calling foul on the company for sending $33 million worth of user deposits to staking platform Lido.
UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back
Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.
Memecoin-Focused Crypto Casino Coco Makes a Cracking Debut, Hits $36M in Volume
A new crypto casino inspired by the Milady NFT project has rolled out on the Ethereum blockchain, with transaction volume hitting $36 million in the first 12 hours after its release.