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Illegal Gambling

All articles tagged with #illegal gambling

WA Judge Finds Kalshi’s Prediction Markets Illegal, Orders Bets Shut Down
law11 days ago

WA Judge Finds Kalshi’s Prediction Markets Illegal, Orders Bets Shut Down

A King County, Washington, judge ruled Kalshi’s online “prediction markets” for sports and other topics violate state gambling laws, issuing a final injunction that blocks most WA bets and requires Kalshi to implement a geofence by Sept. 2, 2026, with potential $120,000 daily penalties for noncompliance. Kalshi disputes the decision, arguing federal jurisdiction lies with the CFTC, and the ruling fits into a broader, multi-state legal fight over whether prediction markets are legal. Commodities and some finance-related bets remain exempt from the order.

via Gizmodo|
#geofence#illegal-gambling#kalshi
New York Sues Kalshi Over Illegal, Unlicensed Prediction Market
business25 days ago

New York Sues Kalshi Over Illegal, Unlicensed Prediction Market

New York filed a state Supreme Court suit against Kalshi, accusing its prediction market of operating an illegal, unlicensed gambling operation and seeking to forfeit profits, restitution to harmed consumers, and fines; the case reflects a broader federal-vs-state clash over whether prediction markets fall under state gambling laws or federal commodities regulation, with Kalshi arguing it is federally licensed while regulators push licensing, taxation, and age-restriction enforcement across multiple platforms.

via The Guardian|
#business#cftc#illegal-gambling
New York Targets Kalshi's Prediction Market as Illegal Gambling
business25 days ago

New York Targets Kalshi's Prediction Market as Illegal Gambling

New York state filed a Manhattan lawsuit against Kalshi, alleging the prediction-market platform operates as an illegal gambling operation by not registering with the New York State Gaming Commission. The suit seeks a permanent injunction, restitution to users, and penalties, while Kalshi maintains it is a federally licensed exchange and argues states can’t shutter it. The case underscores ongoing tensions between state gambling laws and federal regulation of prediction markets, with CFTC involvement and broader debate over whether event contracts are swaps.

via CNBC|
#business#illegal-gambling#kalshi
Southern California crackdown nets 43 indictments against Mexican Mafia
crime4 months ago

Southern California crackdown nets 43 indictments against Mexican Mafia

Federal authorities arrested more than two dozen members and associates of the Mexican Mafia in a Southern California crackdown, with 43 people indicted on charges including murder, kidnapping, extortion, illegal gambling, and drug trafficking. Authorities seized about 120 pounds (54 kg) of meth and more than 8 pounds (over 4 kg) of fentanyl, along with 25 firearms and $30,000. An incarcerated leader allegedly ran the operation via contraband cellphones from June 2024 to April this year, directing kidnappings, assaults and street‑level drug trafficking and providing security for illegal gambling; a murder at a motel in Anaheim is also tied to the case. Defendants are set to appear in federal court in Los Angeles and Orange counties.

via The Guardian|
#california-crackdown#crime#drug-trafficking
Arizona charges Kalshi over alleged illegal election betting
business5 months ago

Arizona charges Kalshi over alleged illegal election betting

Arizona Attorney General Kris Mayes filed 20 criminal counts against Kalshi for allegedly running an illegal gambling operation by taking bets on elections and other events. Kalshi maintains the charges are misapplied, arguing prediction markets should be governed at the federal level, not by state law. The case centers on whether prediction markets fall under the CFTC’s exclusive jurisdiction, with a federal judge having recently denied a temporary restraining order, allowing the criminal prosecution to proceed alongside ongoing civil actions.

via NBC Sports|
#arizona#business#elections
Puig Convicted in Federal Obstruction Case Tied to Gambling Probe
sports6 months ago

Puig Convicted in Federal Obstruction Case Tied to Gambling Probe

Former Dodgers star Yasiel Puig was found guilty of obstructing justice and providing false statements to investigators about his involvement in an illegal sports betting operation. The verdict came after a 12-day trial, with jurors taking nearly two days to reach unanimity. Puig faces up to 20 years in federal prison, and sentencing is set for May 26. The case centers on a 2022 interview with investigators and whether Puig lied about betting through an intermediary; his defense argued he cooperated and that language and cognitive issues complicated his responses.

via The New York Times|
#false-statements#illegal-gambling#obstruction-of-justice
NBA Players and Coaches Face Charges in Mafia-Linked Sports Betting Scandals
sports10 months ago

NBA Players and Coaches Face Charges in Mafia-Linked Sports Betting Scandals

Miami Heat player Terry Rozier was arrested in Orlando and charged in a federal case involving illegal sports betting and money laundering, allegedly using nonpublic NBA player information to place unfair bets. The case is part of a larger investigation into organized crime and illegal gambling networks across multiple states, leading to Rozier and other sports figures being placed on leave as authorities continue their probe.

via CBS News|
#fbi-investigation#illegal-gambling#nba
NBA Figures and Mafia Tied to Major Illegal Gambling Crackdown
sports10 months ago

NBA Figures and Mafia Tied to Major Illegal Gambling Crackdown

Over 30 individuals, including NBA stars Terry Rozier and Chauncey Billups, have been arrested in a major illegal gambling crackdown linked to organized crime families like the Genovese and Bonanno. The investigation uncovered schemes involving rigged games, fake injuries, and insider information, with allegations of fraud, money laundering, and extortion. Rozier and Billups have been placed on leave as the NBA cooperates with authorities, emphasizing the importance of integrity in the sport.

via BBC|
#chauncey-billups#illegal-gambling#mafia
"MLB Clears Ohtani After Scandal, Dodgers' Allegations"
sports2 years ago

"MLB Clears Ohtani After Scandal, Dodgers' Allegations"

Dodgers pitcher Tyler Glasnow revealed that the team suspected Shohei Ohtani's former interpreter, Ippei Mizuhara, of engaging in "shady stuff" early on, as Mizuhara has been accused of stealing $16 million from Ohtani's accounts to pay off illegal gambling debts. Ohtani's camp has disavowed Mizuhara's initial story and is pushing for a law enforcement investigation amid an IRS probe, while Mizuhara has turned himself into authorities and was released on bond.

via New York Post |
#illegal-gambling#ippei-mizuhara#los-angeles-dodgers
"Shohei Ohtani's Ex-Interpreter Faces Federal Charge for $16M Theft and Gambling Debts"
sports2 years ago

"Shohei Ohtani's Ex-Interpreter Faces Federal Charge for $16M Theft and Gambling Debts"

Ippei Mizuhara, former interpreter for baseball star Shohei Ohtani, faces a federal charge of bank fraud after allegedly stealing over $16 million from Ohtani's bank account to finance illegal sports betting. Mizuhara made unauthorized transfers from Ohtani's account and impersonated him to approve large wire transfers to bookmakers. Ohtani is considered a victim in the case, and there is no evidence to suggest his involvement in Mizuhara's illegal activities. If convicted, Mizuhara could face up to 30 years in prison.

via CNN|
#bank-fraud#baseball#federal-charge