New York sued Kalshi Friday, alleging its prediction market is nothing more than illegal, unlicensed gambling, because outcomes depend more on chance than skill.
Dubbed "Operation Porterhouse Parlay," Northwest Indiana and federal officials were careful to avoid the words "mob," "mafia" and "organized crime." The ABC7 I-Team was told this case has all the hallmarks of a modern day mob-tied bookmaking operation.
Federal agents are investigating illegal gambling and extortion rings allegedly involving restaurant owners in Northwest Indiana and Burr Ridge, Illinois. At least 22 people have been indicted and multiple businesses were raided.
Federal agents were seen conducting multiple investigations at a home and businesses in Northwest Indiana. An indictment accuses two business owners of leading a gambling operation out of their restaurants and threatening multiple victims who couldn't pay off debts.
Damon Jones is the first of at least 30 arrests to plead guilty to gambling charges connected to a massive sweep involving rigged poker bets against NBA teams and players.
Texas Tech transfer quarterback Brendan Sorsby is checking into a residential treatment program for a gambling addiction, the school announced Monday.