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Interview: Reformed fraudster Alex Wood on the Wild West of unregulated gambling sites

A.J. Koehn038 views

A study of the recent Cheltenham Festival commissioned by Flutter Entertainment has raised fresh concerns over fraudulent activity from the unlicensed gambling market.

The study was conducted by former fraudster Alex Wood, who has now turned to protecting the public against frauds themselves. Wood was a fraudster for over 25 years, spending eight of those behind bars, but now works as an anti-fraud consultant with a range of stakeholders. He is also the Chief Executive Officer of fraud awareness course provider Reform Courses.

When discussing his findings, Wood described the nature of the unregulated market very plainly: “It’s like the Wild West. They don’t give a sh*t.”

During Cheltenham week, he found that he could place bets on sites which aren’t legal in the UK, whilst signing up under various pseudonyms which ranged from the bizarre to the unsettling.

Whilst conducting the research, Wood, is currently part of BBC Radio 4’s Scam Secrets team, was able to sign up to the unlice..

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How NBA path on prediction markets differs from US leagues

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The NBA’s public comment to the Commodity Futures Trading Commission (CFTC) regarding prediction markets paints a stark contrast to other pro leagues.

The CFTC published a notice in March inviting the public, corporations, and leagues to comment on whether to amend or issue new regulations governing event contracts.

The agency set an April 30 deadline for public comment submissions, with some of the largest stakeholders in gaming and sports sending letters to the CFTC on prediction markets. In total, the CFTC received over 1,500 public comments regarding the platforms.

While some leagues are already in partnerships with prediction markets operators, the NBA sent a letter to the CFTC doubling down on its concerns regarding event contracts.

“There is no higher priority for the NBA than protecting the integrity of our games and preserving public confidence in our league and in our sport,” said Dan Spillane, NBA Executive Vice President and Assistant General Counsel, League Governance ..

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New York bill would create prop bet task force to study risks

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A New York Senator believes the state needs to take a long, hard look at prop bets to decide whether the potential risks are worth it.

Sen. Jeremy Zellner introduced Senate Bill 10153 this week, and it was referred to the Senate Committee on Racing, Gaming, and Wagering on Thursday.

The legislation would establish a “proposition betting task force” within the Rockefeller Institute of the state government to study proposition bets. The bill’s summary specifies that the independent task force would place a particular focus on assessing ‘under’ prop wagers, wherein gamblers bet on an individual athlete falling below a certain statistical threshold for things such as points scored, strikeouts recorded, and many others.

What would a NY prop bet task force look like?

The proposed task force would be made up of four members: two appointed by the Governor, one appointed by the state Assembly, and another chosen by the Senate.

The bill states that the task force would analyze:

The types, ..

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Isle of Man Gambling Legislation Bill now one step closer to coming into force

A.J. Koehn039 views

The Isle of Man has taken a major step in modernising its gambling framework, as the Gambling Legislation (Amendment) Bill completed its passage through the Tynwald following approval of final amendments.

The Bill, which now awaits Royal Assent, represents a substantial update to the island’s regulatory regime. It aims to strengthen oversight, enhance compliance standards and support the long-term sustainability of its iGaming sector.

The reforms have been developed in close consultation with industry stakeholders throughout 2025 and are being overseen by the Gambling Supervision Commission (GSC).

“I’d like to thank many in e-gaming who continue to provide insight into the implementation and impact of these changes, as well as GSC and Treasury officers for developing the bill which is significant for this important sector,” said Treasury Minister Chris Thomas, who took the Bill through the House of Keys on behalf of the GSC.

“Ms Lord-Brennan MHK, Mr Clueit MLC and Mrs August-Phill..

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New York to study gambling behaviour in landmark 10-year RG survey

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New York has committed to a decade-long study of gambling behaviors in the largest online sports betting market in the U.S. as it continues to assess how it can best prevent problem gambling and support those affected.

Gov. Kathy Hochul announced the launch of the 10-year survey effort on Wednesday. A press release stated that the study is designed to assess how New Yorkers are gambling and to evaluate where additional problem gambling-related services and supports may be needed.

The survey will be administered and overseen by the State Office of Addiction Services and Supports (OASAS), the government agency that currently provides gambling addiction support. New Yorkers aged 18+ in all areas of the state will be contacted to promote participation in questionnaire-based surveys, interviews, and focus groups.

What will the NY gambling study entail?

In short, the decade-long survey effort will focus on:

Understanding the trends and viewpoints associated with gambling harms

Assessi..

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FanDuel adds TV veteran Erin Andrews to RG ambassador program

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FanDuel has recruited TV and media veteran Erin Andrews as its newest responsible gaming ambassador.

On Thursday, the Flutter-owned brand announced that Andrews is a new member of the operator’s Responsible Gaming Ambassador Program.

Andrews will support FanDuel in delivering RG messaging to customers across the country, and she and the operator will also collaborate to create and deliver campaigns and original social media and video content. The content will focus on FanDuel’s suite of RG tools and resources.

“The Responsible Gaming Ambassador program is really about raising awareness about gambling harms and sharing real stories,” FanDuel Senior Vice President of Public Policy and Sustainability Cory Fox told SBC Americas. “The program is also helping people to understand the risks and resources around gambling. We think that education and awareness are really critical for FanDuel customers and potential FanDuel customers.”

We’re excited to welcome @ErinAndrews as FanDuel’s newes..

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Caesars Digital stops accepting credit cards across entire network

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The U.S. online gambling industry is reconsidering the use of credit cards en masse, and Caesars Entertainment is the latest operator to opt to ban them as a payment method.

Caesars stopped accepting credit card account funding on any of its online gambling platforms in the mainland United States on April 14, the company’s Senior Vice President of Corporate Communications & Production Kate Whiteley confirmed to SBC Americas on Thursday.

The change applies to all Caesars Digital sites and apps, including:

Caesars Sportsbook & Casino

Caesars Palace Online Casino

Horseshoe Casino

William Hill Sportsbook

Caesars Racebook

World Series of Poker (WSOP) Online

The shift, which is noted on the Caesars Sportsbook & Casino website, does not apply to the platform’s online operations in Puerto Rico or Ontario.

“This change follows months of independent review and careful evaluation that began last fall, during which we closely assessed our deposit processes and customer preferences,” Whit..

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‘To save youth from destruction’, Bangladesh vows no leniency for illegal gambling

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Politicians in Bangladesh have vowed to launch a nationwide crackdown on gambling and online betting, emphasising that coordinated action is looming for the sector.

Action will begin following the closure of the country’s parliament on 30 April, with assertions made by Home Minister Salahuddin Ahmed, who promised a ‘zero tolerance’ policy on gambling, alongside drug use, in response to concerns raised by Zainul Abdin Farroque, parliamentary member for the Noakhali-2 constituency.

“To save the youth from destruction, the government has adopted a zero-tolerance policy,” said Ahmed, who promised that law enforcement agencies will conduct coordinated operations to dismantle networks linked to drugs and gambling.

Most forms of gambling remain illegal in Bangladesh under the Public Gaming Act of 1867, meaning online gambling operates in a grey area with no local regulation.

Ahmed’s call to arms over curtailing online gambling comes despite Bangladesh last year passing the Cyber Security..

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