MPs urge Reeves to raise gambling taxes despite ‘scaremongering’ from firms | Budget 2025

The chancellor should ignore “scaremongering” by gambling firms and raise taxes on the £11bn sector’s most harmful products, MPs on the influential Treasury select committee have said. In a scathing report, delivered as Rachel Reeves’s Treasury team is finalising her second budget as chancellor, MPs accused the sector of hiding its more “insidious” products behind […]

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US sports betting crisis grows as MLB’s Clase and Ortiz indicted over alleged rigged pitches | MLB

The betting crisis in US sports has spread further after Cleveland Guardians players Emmanuel Clase and Luis Ortiz were indicted over an alleged scheme to rig pitches during games. Bettors on baseball can gamble on whether individual pitches will be balls or strikes. Prosecutors allege claim that Ortiz was paid $5,000 for throwing an intentional […]

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Paperwork blunder by UK bookmaker reveals possible illegal offshore operation | Gambling

The Gambling Commission has demanded a UK bookmaker hand over a trove of financial documents after the company accidentally disclosed information suggesting it may be running an illegal offshore betting operation. The Guardian understands that the company, which sponsors sporting events and boasts connections to high-profile figures in sport and politics, is the subject of […]

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The Guardian view on crypto’s latest crash: it reveals who pays the price for a failing economy | Editorial

The crypto crash has come again. And it is as brutal as ever. In barely six weeks, more than $1.2tn has evaporated from cryptocurrencies’ market capitalisation. The sell-off has sent bitcoin back to levels last seen in April. The world’s largest cryptocurrency briefly fell below $90,000 this week, shedding almost a third of its value […]

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