Posts From: May 2024

DraftKings granted preliminary injunction against former executive

A federal judge on Tuesday severely restricted what services a former DraftKings executive could provide sports betting rival Fanatics after finding he likely misappropriated valuable trade secrets before taking a...

Legal
Shohei Ohtani’s ex-interpreter lost staggering $40 million across 19000 bets

Japanese baseball star Shohei Ohtani’s former interpreter was charged with bank fraud on Thursday in federal court and accused of stealing $16 million from the Los Angeles Dodgers power-hitting pitcher...

Legal
Danish Gambling Authority set to block more illegal sites

The Danish Gambling Authority has released the annual report describing the authority’s work with illegal gambling. The report explains the rules for when a gambling product is legal in Denmark...

Legal
Bet365 faces AML investigation by Australian watchdog

AUSTRAC has commenced an enforcement investigation into Hillside (Australia New Media) Pty Limited (bet365). The investigation will focus on whether bet365 has complied with its obligations under the Anti-Money Laundering and...

Legal
Second lawsuit accuses Evolution of securities fraud

Pomerantz LLP has announced that a class action lawsuit has been filed against Evolution AB. The class action concerns whether Evolution and certain of its officers and/or directors have engaged...

Legal
Gibraltar removed from FATF grey list 

Gibraltar has been removed from Financial Action Task Force’s grey list together with Barbados, United Arab Emirates and Uganda. Kenya and Namibia join it and Iran and the Republic of...

Legal
Tory MP’s appeal against suspension upheld 

Blackpool South MP Scott Benton is set to be suspended from the Commons for 35 days after his appeal against the Standards Committee’s decision was dismissed by an independent panel....

Legal
Ukraine seizes accounts of online casino Cosmolot for $18.6 million

Ukraine’s Bureau of Economic Security (BES) has seized UAH 700 million ($18.6 million) from the accounts of one of the largest gambling operators in Ukraine, according to a report in Forbes on...

Legal
Evolution hit with lawsuit for allegedly misleading investors

Federman & Sherwood has announced that on January 23, 2024 it filed a class action lawsuit in the United States District Court for Eastern District of Pennsylvania against Evolution AB....

Legal
Supreme Court awards ATG naming rights against Svenska Spel

Since 1973, ATG has registered the company name Aktiebolaget Trav och Galopp with the Swedish Companies Registration Office. When Svenska Spel 2020 launched betting on horses, they still used the...

Legal