Gambling

NBA gambling scandal explained: What the indictments against players and coaches reveal

Two federal cases expose insider betting and Mafia-run poker games involving current and former NBA figures, raising tough questions for the league.

Lottery company tells 47,000 gamblers they won huge amounts only to apologise later

Norwegian gambling group Norsk Tipping said they had published incorrect prize amounts after a Eurojackpot draw on Friday because of an error converting from euro cents to Norwegian kroner.

Karnataka govt will bring in new law to regulate online betting, gambling: Home Minister

Speaking to reporters here, he said, a committee of senior officials and industry representatives has been constituted and it has been given a month's time to submit a draft of the proposed bill.

Thai cabinet approves draft law for casinos, with limits for local gamblers

Gambling is mostly banned in Thailand apart from state-controlled horse racing, the lottery and on some sports but successive governments have pressed the case for allowing casinos to draw in more foreign visitors and create more jobs and state revenue.

World’s top gambling stock spurred by Philippine online frenzy. Check what's behind 151% surge

Shares of DigiPlus Interactive Corp. are up 151% so far this year, more than any other casino stock with a market value of over $1 billion

GST Council Meet: Govt says not taxing online gaming firms retrospectively as states flag concerns

Previously, online gaming companies paid 18 percent tax on the platform fees because the law was ambiguous, while betting and gambling always fell under the 28 percent slab.

Are gaming firms facing retrospective taxation? Maybe in essence, but not in law

The government says the tax notices follow a clarification of the law rather than a change and the demand for dues is not retrospective in nature.

Centre warns media outlets of action over advertisements of gambling platforms

In an advisory issued to newspapers, television channels, digital media, social media platforms, the Ministry of Information and Broadcasting asked them to immediately refrain from showing advertisements/promotional content of betting and gambling platforms in any form.

Online gaming cos get some relief, 28% GST to be reviewed six months after implementation

While the GST Council's decision was not unanimous, no formal vote was required as only a handful of members voiced their dissent

28% GST On Online Gaming: Will Gamers Have To Pay More? | Skill Based Games vs Gambling

The 28% tax announced on online games and casinos was the key highlight of the GST Council’s meeting. But what does this tax on online gaming mean for for players and the skill-based gaming industry, and what will be its impact on the gaming startups? Let’s decode it for you.

Finfluencers run illegal competitions to attract new clients, upsell

Conducting competitions without a license can attract a penalty and even imprisonment in some cases

Australia urged to ban online gambling ads to curb growing addiction

The committee made 31 recommendations on how online gambling, which it said was changing the culture of sport, should be regulated and how Australians struggling with addiction should be supported.

Crypto should be regulated as gambling, UK lawmakers say

Britain is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards.

Video: Woman pees while gambling at casino, fearing she'd lose if she moved

Surprisingly, when casino workers on Twitter came across the video, many commented that it was not an unusual occurrence.

Bill to ban online gambling passed once again in Tamil Nadu Assembly

Piloting the bill, Chief Minister M K Stalin said he was moving it with a "heavy heart" while referring to the loss of lives. Many persons had allegedly died by suicide after losing money in online gambling.

PayU's LazyPay, IndiaBulls Home Loans, Kissht among websites blocked by govt

The government has blocked 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan service.

Govt plans federal oversight of all real-money online games-sources, document

Tiger Global and Sequoia Capital have in recent years backed Indian startups Dream11 and Mobile Premier League, popular for fantasy cricket.

Gambling’s global coming out party in Qatar

And, for a gambling industry trying to capitalize on the potential $160-billion-plus tentpole football event, the own goal of a share-price slump at sports-bet firm DraftKings Inc. after customers reported their accounts were compromised and cash withdrawn.

Japanese man arrested for gambling away town's Covid relief funds accidentally sent to him