Gambling | ForkLog

ForkLog 66 21.04.2025

Cryptocurrency Casino Revenues Surpass $81 Billion in 2024

In 2024, cryptocurrency casino revenues reached $81.4 billion, a fivefold increase compared to 2022. This data was provided by the analytical platform Yield Sec. Such services are banned in regions like the US, China, the EU, and the UK. However, players frequently bypass these restrictions using VPNs, mirrors, or link redirections, reports the Financial Times. […]

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ForkLog 13 07.11.2024

French Regulator Scrutinizes Polymarket Over Massive Trump Bet

The French National Gambling Authority (ANJ) is examining the operations of the prediction platform Polymarket to assess its compliance with the country’s gambling laws, reports The Big Whale. According to the publication, the regulator’s attention was drawn by a French trader known as Theo4, who placed a bet exceeding $30 million on Donald Trump winning […]

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ForkLog 11 16.07.2024

Former Galaxy Interactive Head Loses $3.6 Million in Crypto Casino Venture

The former head of Galaxy Interactive, the venture arm of Mike Novogratz’s company, lost investor funds intended for the launch of the crypto casino Zero Edge. The sum amounts to $3.67 million out of a total $7 million, reports CoinDesk. Zero Edge founder Richard Kim suffered significant losses due to leveraged trading following a decline […]

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ForkLog 8 04.03.2023

Binance cites reason for blocking transactions via hryvnia-denominated bank cards

The temporary suspension of Binance operations via hryvnia-denominated bank cards is linked to intensified efforts against illegal gambling. ForkLog UA told representatives of the bitcoin exchange.

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ForkLog 8 03.03.2023

Kuna founder cites reasons for halting hryvnia operations on Bitcoin exchanges

The inability to conduct cashless hryvnia operations on exchanges is potentially linked to anti-money laundering and tax-evasion efforts in the gambling sector.

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ForkLog 13 02.03.2023

Snoop Dogg named Chief Ganjaroo Officer at Roobet crypto casino

The Roobet betting platform announced a partnership with American rapper Snoop Dogg.

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ForkLog 8 21.10.2022

Drones and AI cameras proposed for Times Square

The casino giant Caesars Entertainment and REIT corporation SL Green Realty proposed to increase the number of police on Times Square, deploy surveillance drones, and install AI-powered cameras.

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ForkLog 8 18.11.2021

Paradigm and FTX back a decentralized sports-betting protocol in a $21 million seed round

The team behind BetDEX, positioned as the first decentralized sports-betting protocol, raised $21 million in a seed round led by Paradigm and FTX.

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ForkLog 10 03.11.2021

Fed announces tapering of emergency stimulus programme

The US Federal Reserve (the Fed) will begin winding down its asset purchases and cut the pace of purchases of government bonds by $10 billion and mortgage-backed securities by $5 billion.

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ForkLog 18 22.09.2021

Fed officials flag a modest rate-hike path as cryptocurrencies reclaim Tuesday’s highs

The median forecast for the federal funds rate at the end of 2023 was 1%, and for 2024 1.8%; votes for and against the first rate hike in 2022 were evenly split. These data are contained in the Fed's updated projections from the Federal Open Market Committee.

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ForkLog 11 19.04.2021

Chinese police seize nearly $4 million in Bitcoin and EOS from gambling-platform developers

Police in Yancheng, Jiangsu province, China, have arrested a group of developers behind a decentralized EOS-based gaming platform.

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ForkLog 4 13.04.2021

In Chuvashia, police dismantle a network of illegal gaming salons masquerading as cryptocurrency mining offices.

Special units of the Russian National Guard, together with the Interior Ministry, disrupted the operation of illegal gaming salons in Cheboksary and Novocheboksarsk that were operating under the guise of 'cryptocurrency mining offices'.

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