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FBI Raids Polymarket CEO’s Residence Following Lucrative Electoral Betting Season

November 15, 2024 | By: Dave Bontempo

Federal authorities’ raid of the home of Polymarket CEO Shayne Coplan Wednesday might be concerning to DrafKings and any other US companies thinking of getting into the business of gambling on election outcomes. The FBI raided Coplan’s downtown New York home, seizing his phone and other electronics. It highlights the volatile atmosphere presently surrounding political futures markets—commonly […]

Galaxy Gaming Shareholders Approve Sale to Evolution, Deal to Close in Mid 2025

November 14, 2024 | By: Chav Vasilev

Galaxy Gaming shareholders have approved Evolution’s acquisition of the company. The Las Vegas-based company holds patents for numerous casino table games and side bets, some of which Evolution has licensed for its live dealer products. Pending regulatory approvals, the transaction is forecasted to close in mid-2025. Evolution announced plans to buy Galaxy Gaming for $85 […]

Players Enjoy Arcade-Like Gambling Machines But Don’t Always Understand Them

November 13, 2024 | By: Robyn McNeil

Skill-based gambling machines (SGMs), which merge the chance-based rewards of electronic gaming machines (EGMs) with video game-like skill requirements, are popular among players worldwide. However, evidence suggests those same players don’t always understand the reality of how the games work. So, just what are SGMs, and how do they differ from traditional EGMs like slots […]

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