Kalshi Goes Head-to-Head with Maryland as the High-Stakes Legal Showdown Over Prediction Markets Intensifies In a significant escalation of the ongoing legal and regulatory battle between state authorities and prediction market operators, Kalshi, a New York-based financial technology company, has filed a lawsuit against Maryland’s Lottery and Gaming Regulator. The lawsuit, lodged in the United […]

In the booming world of online sweepstakes gaming, legal storm clouds are gathering. At the center of the latest brewing battle is Canadian tech firm Blazesoft Ltd., a fast-growing operator behind some of the internet’s most recognizable social casino brands: Fortune Coins, Zula Casino, and Sportzino. What once seemed like a clever workaround to America’s […]

In a landmark move, the United Arab Emirates has officially authorized BMM Testlabs, a global leader in gaming product testing and certification, to serve as an Independent Testing Laboratory (ITL) for its freshly minted national lottery and broader commercial gaming program. This isn’t a mere rubber stamp; this is the dawn of a bold new […]

   Yield Sec: GGR of Crypto Casinos in 2024 Reached $81.4bn. This figure has increased fivefold since 2022.    According to Yield Sec’s founder, Ismail Vali, the behavior and habits of the target audience have changed significantly. Just a few years ago, players were skeptical of crypto platforms and far from using cryptocurrencies in general, […]

   As a result of a cyberattack by North Korean hackers in February this year, crypto exchange Bybit lost approximately $1.46 billion worth of ETH (8% of Bybit’s total reserves).    Bybit CEO Ben Zhou wrote on social media platform X that as of today, only 3.84% of the stolen amount has been frozen. The […]