Tag: Sports

Feds say Ohtani “considered a victim” and interpreter stole $16m from star for gambling debts

In an affidavit filed in the US District Court for the Central District of California on Thursday (11 April), IRS criminal investigator Chris Seymour revealed that baseball star Shohei Ohtani's former interpreter Ippei Mizuhara fraudulently transferred $16m from the baseball player's account to an illegal bookmaker over the span of 26 months.

According to the affidavit, Mizuhara texted the bookmaker, “Technically I did steal from him. It’s all over for me,” on the day the story first broke.

According to the New York Times, Mizuhara is negotiating for a plea deal.

Throughout the affidavit, Ohtani is referred to as “Victim A” and, in a press conference, US Attorney Martin Estrada said “Mr Ohtani is considered a victim in this case.” Major League Baseball released a statement saying that it “will wait until resolution of the criminal proceeding to determine whether further investigation is warranted”.

Since the story broke 20 March, Ohtani, the two-way Japanese baseball sta..

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The US midterms and what they mean for the industry

This year’s US midterm elections have plenty riding on them for the industry.

iGB has put together a panel of experts to discuss the fallout for US sports betting, online casino and land-based gaming.

California dreaming

A clash of the titans in California looks set to end in disappointment for both sides. There’s still much to discuss, namely whether an immovable force and an unstoppable object can reconcile after a bruising campaign. And more importantly, when will legal betting actually come to the Golden State?

State elections to watch

Developments in several state legislatures could also have a game-changing impact for US gaming regulation. Sports betting and casino hangs in the balance in Georgia, while Minnesota candidate Scott Jensen has voiced support for legal wagering.

Then in Oklahoma, governor Kevin Stitt may have his second term denied by disputes over tribal gaming.

That’s not even mentioning potential developments in Kentucky, Missouri and Virginia. In a number o..

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BetDex launches first regulated blockchain betting exchange

The BetDex Exchange – created by FanDuel founder Nigel Eccles – has announced that it has been licensed and regulated by the Isle of Man Gambling Supervision Commission, making it the first regulated blockchain betting exchange.

The operator has received licensed approval for all kinds of online gaming, including online sports betting, under the Isle of Man Online Gambling Regulation Act.

Former FanDuel executives Varun Sudhakar, Stuart Tonner and Nigel Eccles serve as CEO, CTO and chairman of the new business, which they founded just over a year ago. Soon after founding, BetDex announced an initial investment round, raising $21m.

Varun Sudhakar, CEO and co-founder of BetDex said: “Today’s news is an exciting step forward for the BetDex Exchange. With the licensing and regulatory approval, BetDex now boasts the first fully-regulated sports betting platform in the Web3 space, and we’re excited to welcome bettors from approved regions.”

Abby Kimber, head of egaming with the Isle of M..

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