Prediction markets platform Kalshi Inc. found itself at the center of controversy this week after it abruptly reversed course on a claimed partnership with Elon Musk’s artificial intelligence firm, xAI. What began as a confident rollout of a new collaboration turned into a hasty retreat, drawing criticism and confusion about the firm’s internal communications and public strategy. On Tuesday morning,...
Penang authorities have intensified efforts to dismantle illegal gambling networks in Malaysia, freezing more than 150 mule accounts that were reportedly used to facilitate online gambling and digital fraud. The total sum of funds tied to these accounts exceeds RM32 million, reflecting the scale of illicit financial activity being targeted in the state. Ops Dadu continues to disrupt gambling syndicates: Chief Minister Chow Kon Yeow (DAP...
MGM Resorts International has expressed strong interest in establishing a multi-billion-dollar integrated casino resort in Bangkok, but its commitment hinges on Thailand implementing a supportive tax regime and permitting domestic access to gambling facilities. With early investment estimates ranging between US$3 billion and US$5 billion, the U.S.-based gaming giant is positioning itself as a key stakeholder should Thailand legalize casino resorts under the proposed entertainment...
Kangwon Land Inc, operator of South Korea’s only casino open to local residents, is significantly ramping up its efforts to attract international gamblers. As part of a broader strategy to compete with neighboring markets, the company has introduced a series of initiatives designed to boost its foreigner-only gaming zone, while also expanding the overall resort and increasing betting limits on select tables....
Evolution has officially introduced its latest live casino game show, Red Door Roulette, to U.S. audiences, starting with launches in New Jersey and Delaware. The title blends two of the company’s most successful formats—Lightning Roulette and Crazy Time—to offer a dynamic, bonus-filled experience tailored for live online casino players. Initially launched globally in 2023, this is the first time Red Door Roulette is available in the United States, with more...
A pivotal piece of legislation aiming to completely revamp Texas’ lottery system and dissolve its embattled oversight body has taken another step forward. Senate Bill 3070, which received unanimous support in the Texas Senate and was recently approved 10-4 by the House State Affairs Committee, proposes to abolish the Texas Lottery Commission and place lottery oversight under a different state...
Kalshi, the online prediction market known for enabling users to trade on real-world outcomes, is entering a strategic partnership with Elon Musk’s artificial intelligence venture, xAI. This collaboration aims to infuse Kalshi’s platform with real-time, AI-driven insights, helping users make better-informed decisions as they place bets on future events such as economic indicators, elections, or sports. The two companies announced...
Las Vegas tourism stakeholders are urging Nevada to reconsider long-standing barriers between the cannabis and casino industries, arguing that more flexible cannabis regulations could be key to revitalizing visitation and outpacing competitors. Cannabis rules seen as a barrier to tourism: During a panel at the University of Nevada, Las Vegas—hosted by the Cannabis Policy Institute and the International Gaming Institute—Seth Schorr, CEO of Fifth...
Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) has temporarily frozen more than 28,000 bank accounts in 2024, as part of a nationwide initiative to counter illegal online gambling and other financial crimes. The affected accounts, flagged as either dormant or unlawfully traded, are suspected of being used to channel money linked to gambling, fraud, drug trafficking, and other illicit operations. Dormant accounts at the center...
As more competitors drop out of the downstate New York casino race, Yonkers Mayor Mike Spano is calling on state officials to immediately issue casino licenses to MGM Empire City Casino in Yonkers and Resorts World New York in Queens. Major bidders exit, community-backed sites remain: In a public statement, Spano emphasized that both venues are “shovel ready” and backed by strong community support, making them ideal candidates for...