The UK Treasury Committee has said consumer trading and investing in crypto should be regulated as gambling rather than as a financial service. It said crypto has no intrinsic value.
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The UK government has decided not to regulate video game loot boxes under gambling legislation. Despite this, it wants game publishers to tell players their odds of winning certain items.
The House of Lords committee focused on assessing the impact of gambling in the UK has called on the government to bring loot boxes under gambling regulations due to their game-of-chance nature.
The Grand Mufti of Egypt, Sheikh Shawki Allam, has issued a fatwa against the use of bitcoin largely due to the risks he perceives with the cryptocurrency for individuals, groups, and institutions.
After it concluded its investigation in games such as Star Wars: Battlefront II and Overwatch, the Belgium Gaming Commission concluded that loot boxes constituted a form of gambling and were dangerous
After the significant backlash over Star Wars: Battlefront II misusing the 'loot system' in a bid to extract more revenue out of gamers, the Belgium authorities have initiated an investigation.
The UK government has officially received questions surrounding the controversial practice of loot boxes and micro-transactions which some have labeled as a form of gambling that should be regulated.
With gamers feeling done in with developers using micro-transactions in games as a means to make additional money, it has been argued that this represented gambling, however, the ESRB does not agree.
Valve has sent a formal letter to the Washington state Gambling Commission, explaining that the company did not engage in gambling. It also asked to see which specific law it was accused of breaking.
In response to a potential class action lawsuit, Valve has issued cease and desist letters to 23 websites in an attempt to eliminate unauthorized gambling of in-game items.
This Monday, Gameloft's Indonesian branch was unexpectedly raided by the police. Why? The police were under the impression that it was a secret illegal online gambling den.
There was an outcry earlier this week when it was discovered that Microsoft had digitally altered a publicity photograph by superimposing the head of a white person onto a black person's body. Now to add...
The European Union launched an investigation today into U.S. laws on Internet gambling, after European betting companies complained that Washington's actions against them were infringing world trade rules. Online gambling is a growing business, worth...
Microsoft, Google and Yahoo have agreed to pay a total of US$31.5 million to resolve claims that they promoted illegal gambling, the U.S. Department of Justice announced Wednesday. Microsoft will pay $21 million, Google will...
The United States has reached a deal with the European Union, Japan and Canada to keep its Internet gambling market closed to foreign companies, but is continuing talks with India, Antigua and Barbuda, Macau and...
The United States will maintain a ban on Internet gambling services despite an adverse World Trade Organization ruling, meaning other WTO members can seek potential damages at the WTO. Deputy U.S. Trade Representative John Veroneau...
FBI investigators have visited Second Life's Internet casinos at the invitation of the virtual world's creator Linden Lab, but the U.S. government has not decided on the legality of virtual gambling. "We have invited the...
Online gambling companies have condemned a new 15% tax set by Gordon Brown. The rate, which takes effect from April 1, is in line with tax imposed on other forms of gambling but is much...
NETeller founders John Lefebvre and Stephen Lawrence were arrested and charged with processing gambling proceeds. The pair illegally handled and processed billions of dollars generated from online gambling. Details for the arrest are unclear but...
Citibank, the nation's largest credit card issuer, has agreed to block all online gambling transactions that use its credit cards, the state attorney general said Friday. The agreement announced by the bank and...
Orange has teamed up with ukbetting to enable punters to place bets on tomorrow's Martell Grand National from their mobile phones. The service, which went live yesterday and is the first of...
