Kenya Narrows Crypto-Offshore Gambling Escape Valve in Finance Bill 2026

Treasury Cabinet Secretary John Mbadi has submitted Kenya’s Finance Bill 2026 to Parliament, introducing mandatory annual reporting requirements for virtual asset service providers alongside the reintroduction of a 20% withholding tax on gambling winnings, closing both lanes of the standard crypto-offshore migration path for affected players in a single piece of legislation. Two Reform Lanes … Read more

Six Months in, the AGA Exodus Has Reshaped US Gambling’s Lobbying Landscape

The American Gaming Association published its Q1 2026 Gaming Industry Outlook on May 7, the trade group’s biannual sentiment survey conducted by Oxford Economics across 26 senior gaming executives between March 23 and April 8. The headline numbers tell a confident story, but the details below suggest concerns over the growing impact of prediction markets … Read more

Lithuania Proposes Mandatory Gambling Player Card System by 2029 in Most Comprehensive European Legislation Yet

Lithuania’s Ministry of Finance has proposed a mandatory player card system that would track every player’s deposits and winnings across all online and land-based operators, with a full transition to cashless gambling set for Jan. 1, 2029. The proposed system goes beyond all existing European structures and is already a subject of industry pushback. Key … Read more

FBI Cracks Down on Illegal Gambling Network Using Fake Crypto

A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto “was to be exchanged for cash at an ATM-like ‘cryptocurrency … Read more

Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder … Read more

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