Online sports-betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook’s $8.4M deal with Michigan State (New York Times)

Zinnia Lee / Forbes:
Hong Kong-based digital payments startup Reap, which is developing tools for Web3 companies, raised a $40M Series A led by Acorn, Arcadia, and HashKey  —  Reap, a digital payment company based in Hong Kong, has netted $40 million in a funding round aimed at developing infrastructure …

Ash Parrish / The Verge:
Twitch plans to prohibit streaming unlicensed gambling sites with slots, roulette, or dice games on October 18, amid the fallout from a streamer’s gambling scam  —  As the conversation concerning Twitch and the platform’s allowance of gambling streams continues to swirl, the platform has struck its first blow.

Bloomberg:
A look at online and smartphone gambling in the UK, legalized in 2005, as bettors lost £14B+ in four of the past five years and concerns about addiction rise  —  On an August morning in 2016, Stewart Kenny, the co-founder of Paddy Power, was struggling to keep his emotions in check …

Maxwell Strachan / VICE:
As gambling becomes legitimized across the US, a look at the rise of gambling on smartphones, leading some to financial catastrophe and addiction  —  Financial catastrophe is now only a few clicks away, a problem that is showing quiet signs of becoming a crisis.  “I can’t just get rid of my phone,” one problem gambler says.

Byron Kaye / Reuters:
An Australian court fined Uber A$21M for threatening cancellation fees it never charged and overstating fare estimates on some rides; ACCC sought a A$26M fine  —  An Australian court fined Uber Technologies Inc (UBER.N) A$21 million ($14 million) on Wednesday for threatening cancellation fees …

Jamie Crawley / CoinDesk:
Senators Elizabeth Warren (D) and Roger Marshall (R) introduce the Digital Asset Anti-Money Laundering Act, including KYC requirements for wallets and miners  —  The proposal will bring know-your-customer rules to crypto participants such as wallet providers and miners.