Crypto has been intertwined with the global gambling industry in the last decade. Most of its major attachments are in online gambling, such as online live casinos or mobile gaming. Even some newer te...
Tag: Gambling
Why Crypto Is ‘Nothing But Gambling’ To India’s Central Bank Governor
Reserve Bank of India Governor Shaktikanta Das has no love for crypto. In fact, he wants to get rid of it through an outright ban, saying that these “are nothing but gambling.” Das said in his speech ...
India’s central bank governor calls for ban on crypto, compares it to gambling
Reserve Bank of India (RBI) governor Shaktikanta Das called for a ban on crypto during a recent conference, according to a Jan. 13. report from India Today. Das said that the central bank’s stance on ...
Mega Millions jackpot is $1.35 billion. 3 tips for navigating a win
Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand...
Reserve Bank of India wants cryptocurrencies treated as gambling
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has once again reiterated his stand calling for the ban of cryptocurrencies on the grounds that they are speculative and similar to gambling....
United Kingdom Gambling Commission (UKGC) – The British Gambling Regulator
The UK Gambling Commission (UKGC) is the main regulatory body for all online gambling operations in the United Kingdom, including online casinos. The commission sets strict guidelines for all licensed...
Discover the Benefits of Crypto Gambling
Crypto casinos are becoming increasingly popular among investors as they provide a quick and fun way of earning more crypto without much effort. And using crypto on casino websites comes with many ben...
Trading in unbacked digital assets should be treated as gambling: ECB Executive board member
High leverage, interconnectedness and the lack of a governance structure triggered the ‘chain’ of bankruptcies in 2022. The board member believes the world lost faith in crypto in 2022. Crypto has “fu...
ECB Officials Want To Monitor Crypto Under Gambling Laws
In an official blog post, the European Central Bank (ECB) has urged that cryptocurrency users should be given protection under online gambling laws. The crypto crash of 2022 has been devastating for t...
Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’ – Finance Bitcoin News
Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regu...
ECB Official Says Crypto Must Fall Under Online Gambling Laws
European Central Bank (ECB) executive Fabio Panetta says the bank should regulate crypto assets under online gambling laws. He believes crypto is fundamentally speculative and should be treated as suc...
ECB Board Member Urges Regulators To Treat Crypto Like Gambling Activities
– Advertisement – Crypto community members are not pleased with the latest blog post from the ECB. Crypto community members yesterday and today took to Twitter to express their views on a ...
Trading in cryptocurrencies is gambling says ECB board member
A blog post by Fabio Panneta of the ECB gave the view that trading in cryptocurrencies was akin to gambling, and should be treated as such by regulators. According to Panneta, the recent collapse of t...
ECB executive wants crypto regulated like gambling due to ‘speculative nature’
Following the crypto sector crash of 2022, a European Central Bank (ECB) executive board member has called for increased oversight of the sector In particular, the executive, Fabio Panetta, stated tha...
Twitch streamer and NFT founder DNP3 admits to gambling with user funds
Popular Twitch streamer and founder of several crypto projects, DNP3, known for his free PC and console giveaways, stated that he lost everything to a severe gambling addiction, making him gamble user...
DNP3 Apologizes After Losing Investors’ Funds to Gambling
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Crypto should be treated as gambling, ECB board member says
European Central Bank (ECB) board member Fabio Panetta believes regulators should treat trading in unbacked crypto assets like gambling. The ‘Buyer beware’ principle doesn’t apply in the crypto world ...
NFT founder used investor funds to fuel gambling addiction
Popular streamer and serial NFT project founder DNP3 has admitted to using investor funds to fuel his gambling addiction. In a statement issued on January 3, the social media star, who has over one m...
Founder of Goobers NFTs ‘completely broke’ after gambling away life savings, investor funds
Twitch Streamer and Goobers NFT founder DNP3 confessed in a twit longer that he is now completely broke after gambling away his life savings and all funds received from investors. Earlier in September...
Online casino uses crypto loophole to lure back gambling addict
A recovering gambling addict lost $300,000 to an online casino after the site showed him how he could use crypto to bypass banking restrictions and licensing laws. Australian Blake Barnard was winnin...
Roll The Dice With These Three Casino Stocks
. Casino Stocks Recent News Over most of the last five years, revenue for the casino industry has grown due to a booming domestic economy and consumer spending growth. As with many industries, the cor...
Curacao’s New Gambling Laws Will Allow Cryptocurrency Payments
The Government of Curacao will be running a tight ship on the cryptocurrency casino front starting no later than Q2 2023. The big news dropped on 15 November of this year (2022) was met with mixed fee...
In A Reverse Course, Yasiel Puig Plans To Plead Not Guilty In Federal Illegal Gambling Case
Yasiel Puig, when he was a member of the Dodgers in 2017. Associated Press Yasiel Puig made an appearance at the recently-concluded Major League Baseball winter meetings in San Diego, the Cuban-born f...
Dave Ramsey just blasted US universities for promoting online gambling to students — and reaping millions in fees. Why young people are the perfect prey
‘You freakin’ idiots’: Dave Ramsey just blasted US universities for promoting online gambling to students — and reaping millions in fees. Why young people are the perfect prey Sports...
Las Vegas Strip Leader Sells Key Casino
Liquidity is the name of the game in the current economic environment, and Wynn Resorts (WYNN) – Get Free Report is being proactive with its properties. The Las Vegas-based casino operator ann...
Two Huge Las Vegas Strip Casinos Changing Ownership
When people think of the players that dominate the Las Vegas Strip, their thoughts generally turn to Caesars Entertainment (CZR) – Get Free Report and MGM Resorts International (MGM) – Get...
Can You Gamble with Cryptocurrency or Bitcoin Gambling vs Normal Currency
In its recent growth, the online casino industry has integrated digital coins, attracting more players to the system. Significant differences arise from normal currency casinos despite both serving th...
DraftKings says no evidence systems were breached following report of a hack
Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unkno...
Advantages and Disadvantages of Gambling Using Bitcoin
It has been a long time since bitcoin was brought to usage. It already had its fair sense of use and is still preferred over other currencies. Although bitcoin is one of the significant reasons gambli...
Winning ticket for Powerball $2.04 billion jackpot sold in California
Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not...