New York State is suing Kalshi, the online betting portal, for allegedly operating an illegal gambling business. Kalshi says that it is a federally regulated exchange and is not subject to state laws. CBS News legal reporter Katrina Kaufman has more. Source link
New York prosecutors are accusing Kalshi of running an illegal gambling operation, becoming the latest state to file a lawsuit against the prediction market. The complaint seeks to halt Kalshi’s operations in New York, force it to pay restitution to consumers who made bets on the platform, forfeit its profits and pay fines equal to three … Read more
New York Attorney General Letitia James’s office said Kalshi’s prediction market meets the legal definition of gambling because users are betting on events outside of their control in a game of chance. Source link
WASHINGTON — A prominent Supreme Court litigator was sentenced on Friday to six years in prison for evading a multimillion-dollar IRS tax debt and engaging in mortgage fraud, a case that cast a spotlight on his secretive lifestyle as a high-stakes poker player and featured trial testimony from a Hollywood movie star. Thomas Goldstein, who … Read more
If you or a loved one has been affected by a gambling problem, NBC News is interested in hearing about your experience. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Online platforms have made gambling available virtually everywhere and at any time of day. Last year, online sportsbooks … Read more
Former NBA player Malik Beasley pleaded not guilty Wednesday to criminal charges stemming from an alleged sports betting scheme in which prosecutors say he manipulated his on-court appearance to benefit bettors. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Beasley, 29, who wore a navy suit during … Read more
Malik Beasley, who played in the NBA for nine years, was indicted Monday alongside former player Ed Davis in the latest round of charges by the Justice Department as part of its gambling investigation, officials said. CBS News’ Anna Schecter has more. Source link
Former NBA players Malik Beasley and Ed Davis have been indicted in the latest round of charges in the government’s gambling investigation, authorities said Monday. When he was playing for the Milwaukee Bucks in 2024, Beasley agreed to tailor his performance based on betting trends in those games, prosecutors alleged. They have accused Beasley of … Read more
Diagnoses of gambling disorder rose more than 60% since 2018 in states that have legalized sports betting, with the biggest increase among young men, according to a new study of electronic health records across the U.S. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Gambling disorder is … Read more
NBA journeyman Terry Rozier pleaded not guilty Wednesday to new charges of sports bribery and honest services wire fraud conspiracy, stemming from his alleged role in a sprawling sports betting scheme. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. Federal prosecutors in Brooklyn claimed that Rozier solicited and … Read more