💰 The Austrian Supreme Court has ruled that illegal gambling companies have the full right to demand the return of previously paid winnings from players.
🦹🏼 In Australia, more than 60 influential celebrities have signed a letter calling for reform in the gambling industry.
Among the signatories are former Prime Ministers John Howard and Malcolm Turnbull. The letter states that due to gambling addiction, Australians lose more than $25 billion annually, leading to social consequences such as divorces and suicides. To address the issue and protect teenagers, it is proposed to completely ban gambling advertising. However, they recommend implementing the ban gradually over three years. Additionally, operators may be prohibited from running promotions and offering welcome bonuses.
👊 In the U.S., Gemini and Coinbase have come to the defense of Polymarket.
The crypto companies are asking the CFTC to withdraw its proposal for a complete ban on betting on U.S. elections. We previously covered the start of this saga here.
🦹🏼 In Australia, more than 60 influential celebrities have signed a letter calling for reform in the gambling industry.
Among the signatories are former Prime Ministers John Howard and Malcolm Turnbull. The letter states that due to gambling addiction, Australians lose more than $25 billion annually, leading to social consequences such as divorces and suicides. To address the issue and protect teenagers, it is proposed to completely ban gambling advertising. However, they recommend implementing the ban gradually over three years. Additionally, operators may be prohibited from running promotions and offering welcome bonuses.
👊 In the U.S., Gemini and Coinbase have come to the defense of Polymarket.
The crypto companies are asking the CFTC to withdraw its proposal for a complete ban on betting on U.S. elections. We previously covered the start of this saga here.