Online bookmaker QuinnBet (Gibraltar) Limited has agreed to pay a £609,104 ($830,501) regulatory settlement following an investigation by the UK Gambling Commission that uncovered significant weaknesses in its anti-money laundering and safer-gambling controls. The agreement, announced on Thursday, brings to a close an extensive compliance review of QuinnBet’s remote gambling licence covering the period from March 2023 to August 2025. The settlement includes a £193,118 disgorg

The United States, under President Donald Trump’s second administration, is increasingly embracing prediction markets and the expanding trade in event-based contracts linked to everything from sports and politics to pop culture. While Washington moves to support the industry, several of the world’s largest economies are taking the opposite approach, introducing restrictions or outright bans on the controversial platforms. Speaking at the White House this week alongside Commod

Two employees of cryptocurrency exchange Binance were detained by authorities in the United Arab Emirates in recent weeks as part of inquiries into possible financial crimes connected to the movement of funds through the platform. The employees were reportedly stopped at airports in the UAE during separate incidents. The circumstances surrounding the detentions initially remained unclear, including the precise nature of the financial activity being examined by authorities. Bi

The Reserve Bank of Malawi (RBM) has raised concerns over an apparent increase in money laundering cases in the country, warning individuals and businesses against becoming involved in transactions designed to conceal the origins of illegally obtained funds. The central bank has stressed that money laundering represents a significant threat to Malawi's financial system and could damage the country's reputation within the international financial community. Authorities are part