#TSSB

Four U.S. state regulators have filed actions against Slotie, a virtual casino they allege lured investors into an illegal gambling operation built in the metaverse. According to Texas, Kentucky, Alabama, and New Jersey regulators, Slotie sold over 10000 NFTs to investors in the U.S. and beyond. These NFTs, it claimed, would entitle investors to a…

Earlier last month, state securities regulators in Alabama and Texas issued cease-and-desist orders against a Cyprus -based company that's been hawking non-fungible tokens (NFTs). It was doing so to operate crypto casinos in the metaverse. The enforcement actions are both the first of their kind and likely not the last. In a particularly gray…

TEXAS and Alabama have halted the sales of NFTs in metaverse casinos. Securities officials from both US states cited fraud and violation of state regulations as the reasons behind the ban. The Texas State Securities Board (TSSB) filed an Emergency Cease and Desist order that specifically mandated Cyprus-based Sand Vegas Casino Club to stop its sale…

The state securities regulators in Alabama and Texas have halted the sale of metaverse casino NFTs, saying that the people behind the scheme were fraudulent and violated state securities regulations. In its order, the Texas State Securities Board (TSSB) ordered Cyprus-based Sand Vegas Casino Club and its founders Martin Schwarzberger and Finn Ruben…