News list for "gambling"
The Securities Exchange Commission (SEC) has filed charges against Danh C. Vo, founder and CEO of bitcoin mining company VBit, alleging that he misappropriated $48.50 million, some of which was used for gambling and buying gifts for his family. Vo, 37, and VBit Technologies Corp. raised more than $95.60 million from about 6,400 investors, according to an indictment filed Wednesday by the SEC in federal district court in Delaware. The SEC alleges Vo lied to investors about how his bitcoin mining ...
On March 20th, the InfiniInfini team of the stablecoin digital bank sent an on-chain message to the Infini hacker address, attaching court documents. The plaintiff in the lawsuit is Chou Christian-Long, CEO of BP SG Investment Holding Limited (wholly owned by Infini Labs), and the first defendant is Chen S.
Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
On January 21, according to the typical case of punishing gambling and related crimes according to law issued by the Supreme People's Court, the People's Court of Rongchang District of Chongqing heard the case of defendant Wang Zhimou opening a casino. The amount involved in the case reached 590 million yuan, including more than 900 bank card accounts and virtual currency funds. The court sentenced Wang Zhimou to four years and five months in prison and a fine for the crime of opening a casino, ...
The godfather of Meme, Murad, posted on the X platform that Memecoin is not about gambling, Memecoin is about survival. Which Memecoins are most likely to survive, continue and thrive? The answer is to have the most stubborn, growing and loyal communities that people join and don't want to leave.
The Indian government has launched an investigation into Telegram for its alleged involvement in criminal activities such as extortion and gambling. An official said that depending on the findings, Telegram could even be banned. The official said the investigation was being conducted by the Indian Ministry of Home Affairs and the Ministry of Electronic Information Technology, which specializes in investigating criminal activities such as extortion and gambling.
On August 6th, according to CryptoSlate, as election-related gambling on Polymarket reached a record high, US lawmakers called on the CFTC to ban election gambling. Senator Elizabeth Warren and others said that election gambling can damage public trust and the democratic process, and asked the CFTC to immediately establish rules to prevent the "commodification" of elections. Previously, due to the attempted assassination of former President Trump and the withdrawal of current President Biden fro...
