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Samourai Wallet Developer Sentenced to 5 Years in Prison

Keonne Rodriguez, a developer of the Samourai Wallet, was sentenced to five years in prison for creating a bitcoin mixing service linked to laundering $237 million in illicit funds. U.S. District Judge Denise Cote imposed the statutory maximum sentence after a hearing at the Southern District of New York. Rodriguez and co-developer William Lonergan Hill were charged with conspiracy to commit money laundering and operating an unlicensed money transmitting business. They pleaded guilty to the lesser charge of unlicensed money transmitting in July, which led to a deal with prosecutors. The case highlighted the use of the service for laundering proceeds from serious crimes, including drug trafficking and cybercrimes. Hill is scheduled for sentencing the following day, as the legal proceedings continue amidst broader discussions on cryptocurrency regulation and privacy tools in the U.S.

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What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

Sports betting giants FanDuel and DraftKings are shifting their strategies to compete with rapidly growing prediction markets, which saw weekly volumes exceed $2 billion. These prediction markets are allowing users to bet on various outcomes beyond sports, including politics and financial indicators, and could be worth $95.5 billion by

What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

FanDuel and DraftKings, two titans of the sports betting industry, launched their own prediction markets in 2025 to compete with emerging leaders like Polymarket and Kalshi. Despite their entry, analysts from Bank of America expressed concern that they may be too late to make a significant impact. The prediction market

What DraftKings and FanDuel Prediction Market Plays Mean for the Sports Betting Biz

In 2025, sports betting giants FanDuel and DraftKings launched their own prediction markets as a response to the growing competition from players like Polymarket and Kalshi. However, analysts from Bank of America have expressed concerns about these companies being too late to secure a significant market share, downgrading their stock

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