Trump’s Mideast visit opens floodgate of AI deals led by Nvidia – East Bay Times
By Michael Shepard, Mackenzie Hawkins and Ian King, Bloomberg The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region. Under agreements with […]
By Michael Shepard, Mackenzie Hawkins and Ian King, Bloomberg
The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence ambitions — and some of the biggest US tech companies are seizing on that opening with plans to spend billions of dollars in the region.
Lottery.com Announces $10 Million Acquisition of GXR World Sports Assets to Power Global Launch of Sports.com Super App
Lottery.com Inc. FORT WORTH, Texas, June 26, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, today announced it is advancing its global expansion with the planned launch of the Sports.com Super App (the “Super App”)—a first-of-its-kind digital destination for […]
FORT WORTH, Texas, June 26, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or “the Company”), a leading technology company transforming the intersection of gaming, sports and entertainment, today announced it is advancing its global expansion with the planned launch of the Sports.com Super App (the “Super App”)—a first-of-its-kind digital destination for sports fans worldwide. The Super App is designed to combine live streaming, social engagement, e-commerce and gamification into a single immersive ecosystem.
The Super App, which is scheduled to launch in select global markets in Q3 2025, will initially focus on soccer and motorsport—two verticals Sports.com has been aggressively expanding into through a series of high-profile sponsorships and strategic initiatives. The Super App will be built on an existing platform development by Galaxy Racer Holdings Limited (“GXR”), The GXR app has achieved more than one million monthly active subscribers organically, demonstrating significant early traction and category-defining potential.
“We’ve spent the past two years building Sports.com around key pillars like soccer and motorsport,” said Mark Bircham, Director of Sports.com. “This acquisition and the launch of the Sports.com Super App is the culmination of a precise strategy to consolidate fragmented sports experiences. Our partnerships with emerging motorsport stars like Callum Ilott, Louis Foster, and Sebastian Murray, along with this technology acquisition sets the stage for an aggressive media expansion that will redefine how fans watch, play and engage with their favorite leagues, teams, and players.”
The Super App will integrate six primary features into a single experience: live streaming, community chat hubs, stats-based social media, e-commerce, real-money and fantasy sports gaming, and sports news. The Super App aims to engage fans across the full lifecycle of the sports experience, tapping into the 4–5 hours of average fan interaction beyond match time each week.
Revenue streams will include premium streaming subscriptions, in-app advertising, merchandising and interactive gamified challenges. Plans are underway to extend into additional sports verticals and incorporate immersive streaming experiences later this year.
To accelerate the development timeline for the Super App, Lottery.com has signed a Letter of Intent (LOI) to acquire a 51% controlling interest in the sports and technology assets of GXR, valuing the transaction at $10 million pre-money. Subject to due diligence and final agreement, the deal allows Lottery.com to fund the $5.1 million initial investment via cash, stock, or a combination at a fixed $3.00 share price. A $15 million financing commitment has also been pledged by Lottery.com to fuel expansion of the Sports.com Super App.
All GXR unencumbered assets, including its tech stack and user base, will be transferred to a new entity (NewCo), of which Lottery.com will initially own 51%. The agreement includes a call option to acquire 100% ownership of NewCo by the end of 2027. Exclusivity has been secured through June 30, 2025, with an automatic 30-day extension, and closing is anticipated on or before August 1, 2025.
“This is a transformational moment for the worldwide sports media ecosystem,” said Paul Roy, Founder and CEO of GXR. “Together with Lottery.com and Sports.com, we are developing the world’s first true sports super app. As global licensing discussions advance, and integration with the Lottery.com family of brands begins, we see a future where fans control their entire live event experience—on the Super App, across all screens, in every corner of the globe.”
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company’s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, expectations related to the investigation of short selling or potential naked short selling, including the Company’s analysis, its ability to take appropriate corrective action, or any potential investigations by regulators; any future findings from ongoing review of the Company’s internal accounting controls; additional examination of the preliminary conclusions of such review; the Company’s ability to secure additional capital resources; the Company’s ability to continue as a going concern; the Company’s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq; the Company’s ability to regain compliance with the Bid Price Requirement; the Company’s ability to regain compliance with Nasdaq Listing Rules; the Company’s ability to become current with its SEC reports; and those additional risks and uncertainties discussed under the heading “Risk Factors” in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release.
This press release was published by a CLEAR® Verified individual.
CONTACT: For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com.
Millions Rely on Fitness Trackers. A New Study Shows They’re Failing a Key Group
Northwestern researchers developed an open-source algorithm to make fitness tracking more accurate for people with obesity For millions of Americans living with obesity, fitness trackers often fail at the very thing they promise: accurately measuring effort. Why? Most are powered by algorithms built for people without obesity. Now, scientists at Northwestern University say they’ve addressed […]
Northwestern researchers developed an open-source algorithm to make fitness tracking more accurate for people with obesity
For millions of Americans living with obesity, fitness trackers often fail at the very thing they promise: accurately measuring effort. Why? Most are powered by algorithms built for people without obesity. Now, scientists at Northwestern University say they’ve addressed that flaw with a new open-source algorithm designed specifically for people with obesity.
It’s an important finding, considering that almost one in three Americans use a wearable device to track their health and fitness, according to a 2023 Health Information National Trends Survey.
The issue, researchers say, lies in the algorithms powering most popular fitness trackers. Built around data from average-weight users, they often fail to account for differences in gait, speed and energy expenditure in people with obesity. Researchers found that hip-worn trackers often miscalculate energy burn due to gait differences and device tilt in people with obesity. Similarly, wrist-worn devices are typically more comfortable and easier to wear consistently, but until now, they haven’t been rigorously validated for individuals with higher BMIs.
“People with obesity could gain major health insights from activity trackers, but most current devices miss the mark,” said Nabil Alshurafa, an associate professor of behavioral medicine at Northwestern University Feinberg School of Medicine.“Without a validated algorithm for wrist devices, we’re still in the dark about exactly how much activity and energy people with obesity really get each day — slowing our ability to tailor interventions and improve health outcomes.”
His team at Northwestern’s HABits Lab developed and tested the new algorithm, benchmarking it against 11 other models using research-grade devices. They also used wearable cameras to capture every moment when wrist sensors failed to reflect calorie burn accurately.
The study was published June 19 in Nature Scientific Reports. The next step is a planned activity-tracking app, set to launch later this year for both iOS and Android.
The study was personal for Alshurafa, who had attended an exercise class with his mother-in-law, who has obesity.
“She worked harder than anyone else, yet when we glanced at the leaderboard, her numbers barely registered,” Alshurafa said. “That moment hit me: fitness shouldn’t feel like a trap for the people who need it most.”
See Also
For the study, the team recruited two groups of participants. In the first, 27 individuals wore a fitness tracker along with a metabolic cart – a device that calculates energy burn by measuring oxygen intake and carbon dioxide output. Participants completed a series of physical activities, allowing researchers to compare calorie burn estimates from the smartwatch against the metabolic cart readings.
In the second group, 25 participants wore a fitness tracker and a body camera while going about their daily routines. The camera footage allowed researchers to visually confirm when the algorithm over- or underestimated calorie burn.
The study also challenged assumptions about what effort looks like. At times, Alshurafa asked participants to do as many pushups as they could in five minutes.
“Many couldn’t drop to the floor, but each one crushed wall pushups, their arms shaking with effort,” he said. “We celebrate ‘standard’ workouts as the ultimate test, but those standards leave out so many people. These experiences showed me we must rethink how gyms, trackers and exercise programs measure success — so no one’s hard work goes unseen.”
Allied Gaming & Entertainment Announces CEO Transition to Accele
Allied Gaming & Entertainment Inc. (AGAE, Financial) appoints Yangyang (James) Li as the new CEO. Outgoing CEO Yinghua Chen to focus on the company’s content strategy. CEO transition aims to enhance strategic growth and innovation in gaming and immersive entertainment sectors. Allied Gaming & Entertainment Inc. (AGAE), a prominent global experiential entertainment entity, has announced […]
Allied Gaming & Entertainment Inc. (AGAE, Financial) appoints Yangyang (James) Li as the new CEO.
Outgoing CEO Yinghua Chen to focus on the company’s content strategy.
CEO transition aims to enhance strategic growth and innovation in gaming and immersive entertainment sectors.
Allied Gaming & Entertainment Inc. (AGAE), a prominent global experiential entertainment entity, has announced a strategic transition in its leadership. The company’s current President and Chairman, Mr. Yangyang (James) Li, has been appointed as the new Chief Executive Officer. This decision is effective immediately and is aimed at propelling Allied’s unique growth strategies in content and technology.
Ms. Yinghua Chen, the outgoing CEO of AGAE, will continue her leadership role within the company’s subsidiary, Allied Esports International. Her efforts will be concentrated on advancing Allied’s innovative content strategy, especially in the development and integration of global animation IPs and gaming assets. This strategic alignment is intended to refine Allied’s core strengths in gaming and immersive entertainment.
Mr. James Li, as the new CEO, will also maintain his positions as President and Chairman of the Board without any changes to his compensation package. His leadership is expected to further solidify the company’s presence in the gaming sector while incorporating innovative technologies like blockchain and cryptocurrency into their business model. Additionally, Mr. Li will focus on strategic acquisitions to enhance Allied’s industry ecosystem.
This leadership shift underscores Allied’s commitment to nurturing innovation, expanding on a global scale, and delivering long-term value creation for its stakeholders. Allied Gaming & Entertainment continues to engage its shareholders and is preparing to release a comprehensive strategic plan to safeguard shareholder interests and maximize asset value.
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Play The Daily Memphian’s word search: The Digital Delta – Memphis Local, Sports, Business & Food News
FedEx Corp. founder Frederick W. Smith’s legacy touches nearly every aspect of Memphis civic and economic life, including the city’s latest economic development effort: the “Digital Delta.”
The initiative, which he and his son Richard Smith helped spearhead in 2021, has gained momentum recently with several advanced manufacturing and high-tech companies launching local operations.
Officials […]
FedEx Corp. founder Frederick W. Smith’s legacy touches nearly every aspect of Memphis civic and economic life, including the city’s latest economic development effort: the “Digital Delta.”
The initiative, which he and his son Richard Smith helped spearhead in 2021, has gained momentum recently with several advanced manufacturing and high-tech companies launching local operations.
Officials point to Elon Musk’s xAI supercomputer and its continued expansion; the $50 million expansion of South Korea-based manufacturer Hyosung Hico, and Google’s plans to build a $10 billion data center development in West Memphis.
Elon Musk talks xAI in Memphis and beyond
“The impact of (Fred Smith’s) leadership extends far beyond FedEx, touching every corner of our business community and setting the foundation for Memphis’ continued economic growth, including coining the term ‘Digital Delta,’” said Ted Townsend, Greater Memphis Chamber president and CEO.
Townsend described the Digital Delta as a framework for globally recognizing Memphis as a hub for high-tech manufacturing, artificial intelligence and advanced industries.
“We’ve been successful in branding and marketing that and getting national and international recognition, which has now created an echo chamber,” Townsend said. “People are calling it back to us now.”
With Memphis as the Digital Delta in mind, can you solve this week’s word search?
Don’t forget if you need help there’s an “Assist” dropdown near the top right of the puzzle.
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By Elliot Weld ( June 26, 2025, 3:50 PM EDT) — Garmin International Inc. has asked a Michigan federal judge to throw out a patent infringement suit brought by Israeli wearable tech firm CardiacSense Ltd. or at least pause the case while the Patent Trial and Appeal Board reviews the patents-in-suit…. Law360 is on it, […]
By Elliot Weld ( June 26, 2025, 3:50 PM EDT) — Garmin International Inc. has asked a Michigan federal judge to throw out a patent infringement suit brought by Israeli wearable tech firm CardiacSense Ltd. or at least pause the case while the Patent Trial and Appeal Board reviews the patents-in-suit….
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CU Buffs land commitment from 3-star cornerback – Longmont Times-Call
For the second time in two days, the Colorado football team has added a cornerback recruit to the 2026 class. On Wednesday, Maurice Williams Jr., a three-star recruit from New Orleans, announced that he has verbally committed to the Buffs and head coach Deion Sanders. The 5-foot-11, 172-pounder from Edna Karr (La.) High School, committed […]
