Gambling
FBI announces arrests in NBA-linked betting probe and Mafia-backed poker scheme
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Federal prosecutors in Brooklyn on Thursday, October 23, 2025, unsealed two indictments tied to illegal gambling, charging more than 30 people across 11 states — including Portland Trail Blazers head coach Chauncey Billups and Miami Heat guard Terry Rozier — in alleged insider sports-betting and rigged high‑stakes poker schemes with links to La Cosa Nostra.
Addiction counselor warns about crypto gambling risks
An addiction counselor in Missoula, Montana, is highlighting the dangers of cryptocurrency-based online casinos. These platforms pose significant risks to brain health, according to the expert.
Truth Social announces cryptocurrency prediction market launch
Truth Social, the platform majority-owned by US President Donald Trump and his family, is entering the cryptocurrency-based prediction market space. The service aims to compete with the popular platform Polymarket amid growing interest in such crypto services. The announcement comes as these markets attract significant attention and capital.
Nigerians' gambling and crypto preferences hurt capital markets
Nigeria's financial regulator has warned that citizens' heavy involvement in gambling and cryptocurrencies is diverting funds away from the capital markets, limiting resources for infrastructure development. Securities and Exchange Commission Director-General Emomotimi Agama highlighted stark disparities in investment participation. He noted significant daily gambling stakes and a surge in crypto transactions among the youth.