Regulators spotlight Kalshi insider trading cases amid criticism Suswati Basu Federal regulators and prediction-market exchange Kalshi are drawing attention to a pair of insider-trading cases, saying the actions show event-based markets are subject to the same rules as traditional derivatives platforms. The rollout, however, quickly met pushback from a journalist who argued that … Continue reading Regulators spotlight Kalshi insider trading cases amid criticism
Former Eastville officer gets three years for elaborate inheritance gambling scam fraud Suswati Basu A former police officer from Eastville, Virginia, is headed to federal prison after admitting he conned friends, coworkers and neighbors out of hundreds of thousands of dollars with a story about a nonexistent inheritance to fund a gambling addiction. … Continue reading Former Eastville officer gets three years for elaborate inheritance gambling scam fraud
Former NHS manager jailed for £123,000 gambling fraud Brian-Damien Morgan Suswati Basu A former senior UK National Health Service (NHS) manager has been sentenced for syphoning £123,000 ($ 166,000) in funds for personal use, including gambling. According to the Crown Prosecution Service (CPS), the man, Alec Gandy, pleaded guilty to abuse of … Continue reading Former NHS manager jailed for £123,000 gambling fraud
AI models can develop ‘humanlike’ gambling addiction when given more freedom Sophie Atkinson Suswati Basu A new study looking at AI large language models (LLM) and gambling suggests that the models show the same unhealthy patterns people do, like loss chasing and the illusion of control. The research has been carried out … Continue reading AI models can develop ‘humanlike’ gambling addiction when given more freedom
Titus urges committee to advance FAIR BET Act restoring gambling deductions Suswati Basu Rep. Dina Titus (D-Nevada) has urged the House Ways and Means Committee to advance the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET) Act, legislation that would restore the 100% federal tax deduction for gambling losses. Titus … Continue reading Titus urges committee to advance FAIR BET Act restoring gambling deductions
Punter who sued Betfair after almost $2 million gambling loss loses appeal Sophie Atkinson Suswati Basu Lee Gibson, a multimillionaire “problem gambler,” has lost his appeal in the Court of Appeal, after suing Betfair over losing close-to £1.5 million ($ 2 million) on gambling. Gibson claimed that the betting platform had a … Continue reading Punter who sued Betfair after almost $2 million gambling loss loses appeal
Poker player accused of operating illicit brothel from Las Vegas neighborhood Graeme Hanna Bing Du, a highly-rated player on the poker circuit, has been accused of operating an alleged illicit brothel from a home in Las Vegas. She was arrested on October 27 by the Las Vegas Metropolitan Police Department (LVMPD) while … Continue reading Poker player accused of operating illicit brothel from Las Vegas neighborhood
October 23, 2025 Inside the mob-backed gambling ring that just shook the NBA The FBI dropped a bombshell indictment on Thursday, announcing arrests and criminal charges against dozens of people allegedly involved with gambling and rigging NBA games. The whole thing involved not only some of basketball’s biggest names, but also the mob. At a … Continue reading Inside the mob-backed gambling ring that just shook the NBA
Police in Philippines raid illegal online gambling group Suswati Basu Officers of the Quezon City Police District (QCPD) based in the Philippines conducted a raid on an illegal online gambling group. The raid was orchestrated by the Cybercrime Investigation and Coordinating Center (CICC), the Philippine Sweepstakes Office (PCSO), and the Philippine National Police (PNP). This … Continue reading Police in Philippines raid illegal online gambling group
