The online gambling industry is booming, driven by the rise of digital poker, online casinos and fantasy sports betting, making it crucial for operators to enhance the user experience to retain players. A key area for improvement is the payout process, as traditional withdrawal systems are often slow and frustrating, driving players to competitors. As […]

The Federal Trade Commission (FTC) announced today that Ryan Cohen, managing partner of RC Ventures, LLC and Chairman and CEO of GameStop Corp., has agreed to pay a civil penalty of $985,320 to settle charges related to his acquisition of Wells Fargo & Company shares. According to a statement from the FTC, Cohen’s acquisition of these shares […]

Fraud detection and prevention are among the many promises blockchain technology holds. But unlike certain other far-from-realized promises, the security of on-chain digitization is finding real use in the real world. On Tuesday (July 30) California’s Department of Motor Vehicles (DMV) digitized tens of millions of car vehicle titles registered in the state using blockchain […]

Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30)  it was shuttering the marketplace, along with Reignmakers, a fantasy sports game based around NFTs, due to “recent legal developments.” “This decision was not made lightly, and we believe it is the right course of […]

The Treasury Department has a warning for NFT fans: use them at your own risk. The department released an assessment Wednesday (May 29) finding that non-fungible tokens (NFTs) — while rarely involved in things like terror financing — are nonetheless “highly susceptible” to theft and use in fraud and scams. “Additionally, criminals use NFTs to launder proceeds from predicate […]

Dolce & Gabbana has reportedly been sued by a customer who said he spent $6,000 on non-fungible tokens (NFTs) offered by the company, only to have them arrive late and without the benefits that were promised. The plaintiff brought the case on behalf of a proposed class of people who had similar experiences, Bloomberg reported Thursday (May […]

GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down its NFT marketplace “due to the continuing regulatory uncertainty of the crypto space.” “Effective as of February 2, 2024, customers will no longer be able to buy, sell or create […]

GameStop has named Chewy co-founder Ryan Cohen as its president, CEO and chairman. Cohen, who had been executive chairman at GameStop, relinquished that title when taking on the new roles, the video game retailer said in a Thursday (Sept. 28) filing with the Securities and Exchange Commission (SEC). The move is effective immediately, according to […]

Robinhood believes it has been “misunderstood.” A new movie might not help matters. As The Wall Street Journal (WSJ) reported Saturday (Sept. 16), the trading platform is featured in the new comedy “Dumb Money,” which tells the story of the 2021 “meme stock” craze, and the company’s role in it. The movie centers around January 2021, […]

Bitstamp says the ongoing crackdown on cryptocurrencies has cost its U.S. staking business. Beginning Sept. 25, the Luxembourg-based exchange will no longer offer staking services in the U.S., meaning U.S. customers will stop getting staking rewards, Bitstamp said in a statement provided to PYMNTS Thursday (Aug. 24). “As one of the most regulated and trusted exchanges […]