ReadWrite

ReadWrite, which started out as ReadWriteWeb or RWW, is a blog that focuses on web technology. It was established in 2003 and covers topics related to Web 2.0 and various web technologies. The blog offers news, reviews, and insights about the industry. Richard MacManus is the founder, and as of October 9, 2010, Technorati recognized ReadWriteWeb as the 12th top blog globally.

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New York mayoral race brings in millions to Polymarket and Kalshi

2 days ago | readwrite.com | Joel Loynds

The prediction markets are working in overdrive, as the political landscape is aflame. While there are bets on a plethora of war-related outcomes, two of the biggest bets on the platforms surround the New York mayoral race. On June 24, voters will decide on who becomes the Democratic nominee for the race, which is being fought between five candidates. The current favorite, Andrew Cuomo, has a dark cloud over him somewhat after being previously accused of sexual harassment.
Grand Prix de Paris sponsored by anime horse racing game developer

2 days ago | readwrite.com | Joel Loynds

This year, France’s international horse race will adopt a name change in line with its main sponsor, Cygames. The Grand Prix de Paris will be held as the Cygames Grand Prix de Paris, and its decision to sponsor comes from a slightly left-field reason. It’s a massive marketing scheme to tie in with the release of Umamusume: Pretty Derby worldwide. The general gist is that the game focuses on the racing of anime horse girls.
Louisiana govenor kills sweepstakes casino bill thanks to regulator

2 days ago | readwrite.com | Joel Loynds

Governor Jeff Landry has vetoed the bill that would have kicked online sweepstakes casinos out of the state. SB 181 had a clear run to the Landry, with its final votes getting a 99-0 by the House and 38-0 by the Senate. However, it’s now dead in the water, but not due to any malicious means. Opponents criticized SB 181 for being too broad a stroke in dealing with the sweepstakes casino problem.
IGT lottery company announces major rebrand to Brightstar

2 days ago | readwrite.com | Sophie Atkinson

International Game Technology (IGT), which has been in business for almost 50 years, has announced a rebrand as it becomes Brightstar Lottery. The company shared the news through a press release on Tuesday (June 17), with the organization to begin doing business under its new name immediately.
New report shows 74% of US gambling revenue went to offshore platforms

4 days ago | readwrite.com | Joel Loynds

A new report from The Campaign for Fairer Gambling and Yield Sec has revealed that 74% of all gross gambling revenue in the US actually goes to offshore operators and platforms. The damning report shows that 917 different operators target the US, despite not being licensed to provide gambling in the country. $67.1 billion in 2024 was acquired by overseas hosts, with only $23 billion to legal US operators.
Japanese prosecutors prep for popular boy band gambling scandal

4 days ago | readwrite.com | Joel Loynds

Another case of high-profile illegal Japanese gambling has hit the country, as a pop star has been referred to prosecutors. Tokyo police made the move Monday to send legal papers to legal teams over a member of JO1, Shion Tsurubo, who’d been caught gambling. The 24-year-old admitted to it in recent comments, claiming that it was too “easy” to access the websites.
Alabama citizen sues High 5 Entertainment over sweepstakes casinos

4 days ago | readwrite.com | Joel Loynds

An Alabama citizen is the latest to put the boot to sweepstakes casinos, as they are now suing High 5 Entertainment. The operator is being accused of running an illegal sweepstakes casino in the state under a statewide class action complaint. Filed by Michael Sumerel, it aims to recoup the losses from the pseudo gambling platform for Alabama residents. Alabama is one of the states in the US that has pretty much outlawed gambling.
Kalshi and FanDuel reportedly in talks for partnership deal

4 days ago | readwrite.com | Joel Loynds

Predictions market Kalshi and Flutter Entertainment’s FanDuel have reportedly been in conversation about a potential partnership. The two companies would leverage their own unique powers within the gambling world to expand the brands further in the US. In recent months, prediction markets like Polymarket and Kalshi have exploded onto the scene. They allow gamblers to bet on just about anything, and that’s beginning to include loopholes to include some sports betting.
Maine vote brings online gambling one step closer with Wabanaki Nations

1 week ago | readwrite.com | Joel Loynds

Maine is set to get online gambling provided in the state, but with a tribal catch. The Main House voted Thursday that the Wabanaki Nations will have exclusivity on providing online gambling within the region. It was voted 85-59, with a couple more hurdles (another House vote and then the Senate), before being codified into state law. However, it could still face a veto if whispers reach the right ears, with the administration of Governor Janet Mills standing firm against it.
Draftkings is the next sportsbook to add 50 cent charge per bet in Illinois

1 week ago | readwrite.com | Joel Loynds

DraftKings is joining FanDuel in trying to get around Illinois’ new tax on gambling operators. Sportsbooks are to be charged for each bet made, starting with 25 cents per the first 20 million bets and 50 cents thereafter. This has obviously ruffled feathers within the sportsbook world, as Illinois cracks down on operators to begin funding further projects in its budget.