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Regulations News

18 March 2026

Rank CEO to stepdown

Rank CEO departs role

The CEO of Rank Group, John O’Reilly, is stepping down from his position into retirement, the company has announced. His official retirement date is slated for 29th January, though he is expected to contribute through the end of the 2025-26 financial year.

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Drake and stake.us targeted in RICO lawsuit

Drake tied to alleged racketeering conspiracy

Canadian rapper and R&B performer Drake is named in a civil class-action lawsuit filed under the Racketeer Influenced and Corrupt Organizations Act (RICO) in Virginia, accusing the superstar and others of promoting unlawful real-money gambling through the social casino platform Stake.us.

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Prediction markets under political pressure

Research warns prediction market odds stacked against users

Prediction market professionals are cautioning patrons to exercise responsible trading practices after recent analysis revealed that the majority of users have realized losses. A comprehensive review by blockchain research firm defioasis.eth found that roughly 70% of trading addresses analyzed on Polymarket were running losses on their long-term positions.

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