All posts tagged: sweeping

Gibraltar lawmakers advance sweeping gambling reform bill to replace 2005 law

Gibraltar lawmakers advance sweeping gambling reform bill to replace 2005 law

Gibraltar has taken the first formal step toward overhauling its gambling laws, with a new bill introduced in Parliament on Wednesday (March 18). The proposal begins the process of replacing the territory’s long-standing 2005 framework with a broader and more modern system. Lawmakers will now move the bill through its next stages, including a second reading, detailed committee review and a final vote. If it clears those hurdles, it will go forward for Crown assent before becoming law. Framework update for Gibraltar gambling bill The legislation redraws how gambling is licensed, monitored and enforced in Gibraltar. It is designed “to repeal the Gambling Act 2005 and to make new provision for the licensing, regulation and supervision of gambling.” The new structure puts a licensing Authority and a Gambling Commissioner at the center of oversight, backed by defined goals such as protecting consumers, maintaining market integrity and tackling financial crime. The scope of regulation is also set to widen as well. The rules would extend beyond operators to include marketing affiliates, software providers and certain ownership …

Meta planning sweeping layoffs as AI costs mount

Meta planning sweeping layoffs as AI costs mount

NEW YORK/SAN FRANCISCO: Meta is planning sweeping layoffs that could affect 20 per cent or more of the company, three sources familiar with the matter told Reuters. This comes as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for the cuts and the magnitude has not been finalised, the people said. Top executives have recently signalled the plans to other senior leaders at Meta and told them to begin planning how to pare back, two of the people said.  The sources spoke anonymously because they were not authorised to disclose the cuts. “This is speculative reporting about theoretical approaches,” Meta spokesperson Andy Stone said in response to questions about the plan.  If Meta settles on the 20 per cent figure, the layoffs will be the company’s most significant since a restructuring in late 2022 and early 2023 that it dubbed the “year of efficiency”. It employed nearly 79,000 people as of Dec 31, according to its latest filing. The company …

Elon Musk Orders Sweeping Layoffs as xAI Fails to Catch Up

Elon Musk Orders Sweeping Layoffs as xAI Fails to Catch Up

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech In a Thursday tweet, Elon Musk said he was looking to rebuild his AI startup xAI “from the foundations up” after admitting it wasn’t “built right first time around.” The news comes amid a major exodus of cofounders, with a striking majority of them jumping ship over the last year. Amid the resulting leadership vacuum, the Financial Times reported on Friday that Musk had omitted a key detail in his latest missives on his social media platform. According to the paper’s sources, he’s ordered a round of sweeping layoffs at the company after becoming frustrated with a lack of progress on its AI coding software. Many roles are reportedly being scrutinized. Musk reportedly ordered higher-ups from Tesla and SpaceX, the latter of which xAI was folded into earlier this year, to conduct audits and weed out anybody deemed to be underperforming — likely not what staffers, who were already complaining of burnout, wanted to hear. The news comes …

Indiana governor signs sweeping law tightening rules on online sweepstakes games

Indiana governor signs sweeping law tightening rules on online sweepstakes games

Indiana has adopted a wide-ranging regulatory measure that reshapes how the state handles certain sweepstakes-style online games. Governor Mike Braun signed House Bill 1052 into law on March 12, 2026, setting new limits on digital gaming products often tied to social-casino platforms. State lawmakers approved the bill earlier in the legislative session, according to official records from the Indiana General Assembly. Most provisions will begin taking effect on July 1, 2026. Alongside changes to alcohol licensing and administrative gambling rules, the law also introduces penalties tied specifically to online sweepstakes-style gaming activity. Indiana targets online sweepstakes gaming with new law The legislation mainly focuses on internet-based sweepstakes games designed to resemble traditional casino gambling. Under the statute, a “sweepstakes game” refers to a digital game played through devices like smartphones or computers that operates with a dual- or multi-currency system. Players in those systems may exchange virtual currency for cash prizes or entries that can lead to cash-equivalent rewards. Lawmakers wrote the definition broadly so it captures online games that simulate popular gambling formats. The …

‘Moderate’ Gov. Abigail Spanberger Expected To Sign Sweeping Gun Ban Into Law

‘Moderate’ Gov. Abigail Spanberger Expected To Sign Sweeping Gun Ban Into Law

Authored by Tim O’Brien via PJMedia.com, Now that the Virginia General Assembly has passed what it calls “assault weapon ban” legislation, all that’s needed is for Gov. Abigail Spanberger to sign it into law, which is all but a given. Once signed, Senate Bill 749 will likely take effect as soon as July 1, 2026.  The law will ban the sale, import, manufacture, purchase, and transfer of what it describes as “assault firearms,” and it will treat high-capacity magazines that can hold 15 rounds or more in the same way. It will make any violations of the law a “Class 1 misdemeanor,” which could mean up to a year in jail and a $2,500 for a first offense.  While SB 749 does not explicitly ban AR-15 rifles, since the popular long rifle falls under the bill’s definition of assault weapons, it will be effectively banned.  A Bangladeshi immigrant who has served in the Virginia Senate since 2024 is the sponsor of the massively aggressive gun control legislation. Saddam Azlan Salim came to America when he was 10 …

Jalen Smith pleads guilty in sweeping NCAA basketball point shaving scandal

Jalen Smith pleads guilty in sweeping NCAA basketball point shaving scandal

Jalen Smith, one of the alleged fixers of a sprawling basketball point-shaving operation, admitted in federal court in Philadelphia that he played a key role in the scheme that stretched from U.S. college programs to a professional league in China. Appearing before U.S. District Judge Nitza I. Quiñones Alejandro, the 30-year-old from Charlotte, North Carolina, pleaded guilty to bribery in sporting contests, conspiracy to commit wire fraud, and wire fraud. He also admitted to a separate charge of possessing a firearm as a convicted felon, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania. #BREAKING: Jalen Smith Pleads Guilty to Bribery and Point-Shaving Scheme to Fix #NCAA, CBA Men’s Basketball Games @RWW pic.twitter.com/B9jMLp3I5u — Suswati Basu (@suswatibasu) March 9, 2026 Federal prosecutors say Smith worked as a central organizer in a network of so-called fixers who bribed basketball players to intentionally underperform during games. By manipulating individual performances and final margins, the group placed bets through sportsbooks designed to cash in when teams failed to meet expectations against the point spread. Investigators …

US reportedly considering sweeping new chip export controls

US reportedly considering sweeping new chip export controls

How, and if, the Trump administration plans to regulate the export of semiconductors has remained unclear since Donald Trump took office last year. Now, we have an idea of what the administration is thinking. U.S. regulators have allegedly drafted rules that would require U.S. government approval to ship AI chips anywhere outside the U.S., according to Bloomberg, citing sources. This would give the U.S. significantly more control over companies like AMD and Nvidia. TechCrunch reached out to AMD and Nvidia for comment. A spokesperson for the U.S. Department of Commerce provided the following: “The Commerce Department is committed to promoting secure exports of the American tech stack. We successfully advanced exports through our historic Middle East agreements, and there are ongoing internal government discussions about formalizing that approach. Today there was reporting that we were returning to the AI diffusion rule. We will not. It was burdensome, overreaching, and disastrous.” In these drafted rules, companies and governments outside the U.S. would have to be granted approval by the U.S. Department of Commerce to purchase these …

Thomas Goldstein convicted in sweeping federal tax case: high-stakes poker and the fall of a Supreme Court lawyer

Thomas Goldstein convicted in sweeping federal tax case: high-stakes poker and the fall of a Supreme Court lawyer

When a federal jury in Maryland found Thomas Goldstein guilty this week, it brought a stunning chapter in American legal culture to an abrupt end. A man who once moved comfortably inside the marble corridors of the Supreme Court now stands convicted of federal crimes, his reputation reshaped by a case built on poker debts, hidden income, and years of misleading financial records. Jurors convicted Goldstein on 12 out of 16 felony counts, including tax evasion, filing false tax returns, failing to pay taxes, and making false statements to lenders. The seven-week trial pulled back the curtain on what prosecutors described as a double life. In public, he was a polished appellate lawyer and legal commentator. In private, they said, he was chasing multimillion-dollar poker games while scrambling to keep the IRS and creditors at bay. Prominent Lawyer Convicted at Trial of Tax Evasion and Mortgage Fraud The SCOTUSblog Founder Hid Millions in Gambling Income and Debts : https://t.co/PVWR763XYM pic.twitter.com/Qacm4Qkkec — Criminal Division (@DOJCrimDiv) February 26, 2026 He now faces the possibility of spending decades …

Iowa Senate advances sweeping gambling enforcement and tax changes in major bill

Iowa Senate advances sweeping gambling enforcement and tax changes in major bill

Iowa lawmakers have signed off on a far-reaching gambling bill that tightens enforcement rules and changes how certain winnings are taxed. Senate File 2289 cleared the Iowa Senate on Monday (February 23), moving forward with a package aimed squarely at how betting is regulated across the state. The proposal surrounds the authority of the Iowa Racing and Gaming Commission, the agency that oversees casinos, sports betting and other legal wagering. Lawmakers rewrote parts of state law to make clear the commission can take whatever action it believes is reasonable and necessary to police gambling activity and enforce its own rules. Iowa gambling enforcement powers bill and recent FanDuel fine Under the updated language, regulators can issue cease and desist orders or head to court to seek injunctions against anyone offering gambling without proper approval. That applies to pari-mutuel wagering, advance deposit wagering, internet fantasy sports contests, games of chance, sports wagering and illegal sweepstakes operating in Iowa without a license. Penalties for unlawful betting also grow steeper. Anyone convicted of certain violations faces a class …

Google clamps down on Antigravity ‘malicious usage’, cutting off OpenClaw users in sweeping ToS enforcement move

Google clamps down on Antigravity ‘malicious usage’, cutting off OpenClaw users in sweeping ToS enforcement move

Google caused controversy among some developers this weekend and today, Monday, February 23rd, after restricting their usage of its new Antigravity “vibe coding” platform, alleging “maliciously usage.”  Some users who had been using the open source autonomous AI agent OpenClaw in conjunction with agents built on Antigravity, as well as those who had connected OpenClaw agents to their Gmails, claimed on social media that they lost access to their Google accounts.  According to Google, said users had been using Antigravity to access a larger number of Gemini tokens via third-party platforms like OpenClaw, which overwhelmed the system for other Antigravity customers.  This move has cut off several users, underscoring the architectural and trust issues that can arise with OpenClaw. The timing of Google’s crackdown is particularly pointed. Just one week ago, on February 15, OpenAI CEO Sam Altman announced that OpenClaw creator Peter Steinberger had joined OpenAI to lead its “next generation of personal agents.” While OpenClaw remains an open-source project under an independent foundation, it is now financially backed and strategically guided by Google’s primary …