Betting industry news

    BreakingRegulatory

    Brazilian Senate probes betting advertising, calls for tighter rules

    The Brazilian Senate has initiated a comprehensive inquiry into the impact of fixed-odds betting, specifically scrutinizing the significant increase in advertising during football broadcasts. Lawmakers and experts are calling for stricter regulations on betting promotions, citing concerns over public health and consumer protection due to what they deem excessive and abusive advertising practices.

    BreakingRegulatory

    CFTC ‘Has Edge’ Over States in Prediction Markets Supreme Court ‘Showdown,’ Say Lawyers

    Lawyers believe the Commodity Futures Trading Commission (CFTC) holds an advantage over state regulators in an impending Supreme Court case concerning prediction markets like Kalshi and Polymarket. States allege these platforms operate as unlicensed sports betting, indicating a significant dispute over regulatory jurisdiction in this emerging market.

    The conversational sportsbook has arrived

    Betcris has launched ChatBet on WhatsApp, utilizing Plannatech's platform to offer what it believes is the next evolution in online sports betting: conversational betting. This move represents a significant step for a major operator into an innovative user interaction model beyond traditional websites and apps.