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DraftKings Investor Class Action Dismissed by New York Court Judge
The class action lawsuit brought against DraftKings on behalf of its investors has failed. New York District Judge Paul A. Engelmayer sided with the company in its motion to dismiss. The suit involved information that the company disclosed – or failed to disclose – around the time that it went public while simultaneously merging with its technology provider […]
Chumba Casino Owner VGW Settles Kentucky Class Action for $11.75 Million
In December, Virtual Gaming Worlds (VGW) agreed to pay $11.75 million to settle a class-action lawsuit in Kentucky. VGW owns social casinos Chumba Casino and Luckyland Slots, which use federal sweepstakes law to pay out cash prizes without technically being a real-money gambling product. The plaintiffs in the suit argued that VGW was nonetheless violating […]
Parx Casino Shippensburg to Open February 3, but State College Project May Never Happen
All but two of Pennsylvania’s mini-casinos are now operating. One of those two is set to open its doors in a matter of weeks. The other may never do so, depending on the outcome of ongoing litigation. Parx Casino Shippensburg recently announced an opening date of February 3 at 250 South Conestoga Drive. Shippensburg is in the […]
Magistrate Judge Recommends Change of Venue for PredictIt Case, Denies Supplemental Memorandum
As the rest of us were enjoying the holidays, the PredictIt case was heating up. The flurry of activity began with a report and recommendation from the US Magistrate Judge who heard the Commodity Futures Trading Commission’s (CFTC) motion to transfer the case from Austin to a federal court in DC. The CFTC is the […]
Looking Closer: Ontario iGaming Threatened by ‘Notice of Application’
Ontario iGaming may be under threat. On Nov. 28, a Notice of Application was filed in the Ontario Superior Court of Justice by the Mohawk Council of Kahnawake against iGaming Ontario (iGO) and the Attorney General of Ontario. The application filed at a downtown Toronto courthouse could significantly impact the maturing iGaming market in Canada’s […]
Bubba Technology Group Pleads Guilty in South Carolina Illegal Gambling Crackdown
Last Friday, Bubba Technology Group, LLC, a South Carolina-based company, received a sentence of one year of probation. It had pleaded guilty to operating an illegal gambling organization. Bubba and its co-conspirators will fork over more than $1 million due to the conviction. The charges, filed in July 2021, came out of a lengthy investigation by […]
Plaintiffs File Motion For Supplemental Memorandum in PredictIt Suit
Plaintiffs in the litigation challenging the looming shutdown of PredictIt have filed a motion to allow for a supplemental memorandum. PredictIt’s fate has been in jeopardy since the Commodities and Futures Trading Commission (CFTC) withdrew the No-Action letter allowing the election prediction market to operate. A federal court heard oral arguments for the case on […]
Ontario Premier Accuses Auditor General of ‘Jurisdictional Creep’ After Casino Sting
Ontario casinos caught individuals attempting to launder money and set off an unexpected series of events last week. On Wednesday, Ontario Auditor General Bonnie Lysyk released her annual report that revealed she sent those individuals to the casinos in an undercover capacity. On Thursday, Premier Doug Ford characterized Lysyk’s actions as “jurisdictional creep.” He said she […]
Ontario’s Online Gambling Market Faces Its First Legal Challenge
We always knew this was coming: Ontario’s online gambling privatization plan will face a legal challenge. The only question was where it would come from. In April, Canada’s largest and most populous province attempted something no other Canadian jurisdiction had tried. Under Canadian federal law, all gambling must be conducted and managed by provincial governments. […]
Simultaneous Crises in Gambling and Crypto Highlight the Importance of Regulation
Every so often, we get a reminder of the extent to which financial systems rest on confidence and faith. In the digital era, money is more abstract than ever. Events of the past week have perhaps rattled that faith for some and highlighted the importance of regulation in preserving it. Several US operators, including BetMGM […]
