US Gambling Losses Hit Record $250B in 2026, Crypto Fuels Growth
Legal gaming hit $78.7B in 2025, but prediction markets, 0DTE options, and memecoins drew bigger speculative dollars through regulators that don't treat them as gambling at all.
Court rulings, lawsuits, settlements, indictments, and litigation involving crypto firms and protocols.
Legal gaming hit $78.7B in 2025, but prediction markets, 0DTE options, and memecoins drew bigger speculative dollars through regulators that don't treat them as gambling at all.
Bloomberg Intelligence pegs the bill at a 60% chance of passing this month, the final window before August recess, with ethics concerns cleared and bank secrecy provisions the remaining fight.
If even a portion of those purchases caught the snapback from the pause, the optics and the legal exposure land in the same place: a sitting president trading on policy he controls.
The trades were filed after the president's social-media pivot on Liberation Day levies, sharpening ethics questions over whether policy timing and portfolio moves are converging in plain sight.
John Doe 33's appearance turns a quiet abandoned-property claim over $200B of dormant Bitcoin into a constitutional fight about whether a holder can be erased into a numbered address entry.
A delayed disclosure on shares of the largest publicly listed bitcoin holder draws STOCK Act scrutiny and reignites the debate over whether federal officials should be allowed to trade individual…
The model's bull thesis leans on a cleared SEC overhang, live spot XRP ETFs since November, and RLUSD supply overtaking Ethereum on the XRP Ledger, not on price action that has refused to confirm.
The disclosure is the new flashpoint in negotiations that had been quietly converging on a framework, and any ethics add-on risks rewriting the compromise that lawmakers had been stitching together.
Christopher Delgado admitted to wire fraud and money laundering after prosecutors say his firm ran a classic three-year payout scheme that burned at least $250M of investor money.
Humphrey's Executor is gone, and the multimember agencies that govern US crypto oversight now answer more directly to whoever sits in the Oval Office. The CLARITY Act increases the exposure.
The £150M claim lands while Binance is still rebuilding UK compliance after 2023's regulator-driven exit, putting the exchange back in front of British plaintiffs on its weakest terrain.
The disclosure itself is certified as compliant, but every category it lists, from $635M in memecoin royalties to 15.75B World Liberty governance tokens, is one Congress is trying to define through…
The prison terms land as China continues to treat crypto-facilitated cross-border yuan conversion as a parallel forex market operating outside SAFE's oversight.
A 30-year sentence lands on top of a $900M forfeiture, a New Jersey mansion, and a fleet of luxury cars; the case becomes the latest US data point that crypto-native fraud draws full racketeering…
The sentence closes a years-long DOJ case in which a Hollywood director tried to spin a streaming service’s sci-fi budget into a personal trading desk.
Eighteen retail investors lost nearly $1M to a fake crypto platform that routed funds to Hong Kong bank accounts; the bigger read is that the SEC is treating WhatsApp-group relationship scams as a…
The state-versus-CFTC fight over who regulates prediction markets just got its first concrete court loss for Kalshi, and the TRO is only the opening round.
The 30-year term closes a US fraud case that ran parallel to his asylum-driven exile from Beijing, with prosecutors tying the crypto scheme to broader financial misconduct.
The sentence closes a multi-year US case over GTV, Himalaya Exchange and the farm alliance, but leaves open how much investors will ever recover from the alleged $1B raise.
The ruling preserves the central bank's statutory independence and freezes a constitutional fight that could have redrawn how the White House pressures the Fed over rates.