Famed sports bettorBilly Walters has been fined $10 million and sentenced to five years in federal prison for insider trading.

The sports bettor was convicted on charges of securities fraud, wire fraud and conspiracy for his role in an insider trading scheme in April. The scheme involved a series of trades in 2016 involving Dean Foods based on inside information given to Walters by Dean’s former chairman Thomas Davis. Walters raked in $32m in profits while skirting $11m in losses.

During his sentencing, US District Judge P. Kevin Castel called Walters “a cheater and a criminal, and not a very clever one.” He even said that Walters’ scheme was “amateurishly simple,” in part due to a detailed paper trail that identified Walters and Davis as the perpetrators.

The SEC’s announcement could bring an end to the altcoin era. Altcoins, for those who may have been living under a rock, are the alternative cryptocurrencies which were launched after the success of Bitcoin. Etherium is an example of an altcoin.

For the longest time, Walters was able to outrun the feds as they tried to bring him down for sports betting. But the feds finally caught up with him when he was charged and sentenced for insider trading.

Ed Pownall praises 12BET for its genius move, warns about the hype on sports betting legalization in the US, and slams the promotion of Mayweather-McGregor fight.  

The Australian Lottery and Newsagents Association (ALNA) has slammed a proposed sports lottery aimed at paying for an Australian Olympic revival as it will affect the funding for other social services.

Spanish gaming regulator Dirección General de Ordenación del Juego reported that online gambling sites generated revenue of €121.3m in Q2 of 2017, 22.6% higher than the same period last year.

Thirty seven-years-old Alexander Vinnik was indicted by a grand jury for operating an unlicensed money service business and other crimes. He supposedly laundered more than $4 billion through operating a digital currency exchange.

Gamers age 18 or older represent 72 percent of the video game-playing population, and the average gamer is 35 years old.

Invest in corporate social responsibility programs as it will bring more loyal customers, will improve the perception on the brand, and most importantly, will make you look good on the eyes of operators.

Blockchain research and development pioneer nChain and members of Bitcoin Unlimited will be working jointly to support bitcoin scaling initiatives after participating in a two-day workshop.

Shout-out to US college football fans! Penn State running back Saquon Barkley and Ohio State quarterback J.T. Barrett were regarded by oddsmakers as early favorites to win the Heisman trophy with both players sitting at +800. The Ohio State Buckeyes are a strong -120 favorites to take home the Big Ten championship title this year.