Polymarket US has agreed to stop offering sports-related event contracts in Michigan and will settle remaining open customer positions, according to the Michigan Gaming Control Board. The decision aligns Polymarket with operators like Kalshi, Robinhood, and Coinbase in withdrawing unlicensed sports contracts from the state market.
Swedish trade association BOS has warned that proposed anti-money laundering penalty frameworks could subject operators to disproportionate double punishment. The association is advocating for AML fines to be calculated using Swedish gross gaming revenue rather than group-wide turnover or total stakes.
Italian Prime Minister Giorgia Meloni has confirmed that the gambling sector will contribute €700m toward the country's 2027 national budget. According to a leaked draft, the fiscal burden is expected to target land-based concessions and gaming machines. In response, venue operators have warned that the proposed tax measures could render many retail gaming halls unprofitable.
The Dutch licensed gambling market contracted to €4.1bn in 2025, according to the latest market scan from regulator Kansspelautoriteit (Ksa). The downturn was largely driven by sharp revenue declines across the online casino and sports betting verticals.
Nevada casinos generated $1.282 billion in gaming win in September, remaining essentially flat with a 0.05% year-over-year decline. Modest revenue growth on the Las Vegas Strip was offset by drops in downtown Las Vegas, Laughlin, and other regional markets. The result marks the state's 67th consecutive month exceeding the $1 billion monthly gaming win threshold.
Former US Congressman George Santos has claimed that prediction market platform Kalshi instructed paid political influencers to conceal their commercial partnerships. According to Santos, internal text messages show company staff directing influencers not to disclose their sponsored promotions.
Brazil’s betting market is facing significant scrutiny as prospective investors seek regulatory clarity and consistency before committing capital. Industry confidence remains contingent on the government delivering structural stability and resolving outstanding regulatory questions.
A Brazilian provisional measure seeking to ban fixed-odds betting faces legislative delays despite the federal government's push for approval by December 20. Provisional Measure 1.394/2026 has yet to begin formal committee proceedings in Congress, where it remains awaiting the official establishment of a review committee. Although committee members have been nominated, the procedural hold-up complicates the government's year-end passage target.
The Philippine Amusement and Gaming Corporation (PAGCOR) reported revenues of Php64.41 billion for the first nine months of 2026, marking a 23.41% decrease year-on-year from Php84.09 billion. The decline was largely driven by a contraction in the licensed casino vertical, the agency's second-largest revenue generator behind Electronic Gaming.
iGaming technology and software provider GR8_TECH has entered the prediction market sector by launching a dedicated technology stack. The new functionality has been integrated directly into the company's GREAT_TURNKEY and GREAT_CRYPTO TURNKEY product suites, expanding event-contract options for operator clients.
Churchill Downs Incorporated achieved record financial results for the third quarter, generating $696 million in revenue, a 2% increase year-over-year. The operator also reported record adjusted EBITDA of $264 million and an all-time high net income of $80 million, up $42 million from the previous year. Additionally, the company confirmed plans to relocate its historical racing machine operations.
Under an agreement reached with state regulators, Polymarket US will cease offering sports event contracts to users in Michigan. The platform is scheduled to close all remaining open sports-related positions in the state by November 25.
MGM Resorts International leadership confirmed that MGM Digital remains on a path to profitability despite facing ongoing operational challenges in Brazil. The company reported overall quarterly revenue of $4.2 billion and consolidated adjusted EBITDA of $403 million, successfully narrowing its net loss to $17 million.
Italian Prime Minister Giorgia Meloni has signed off on the country’s 2027 Budget Law, which projects a €700 million tax contribution from the gambling sector. The administration plans to leverage gambling alongside finance and energy as key revenue generators to fund state spending initiatives ahead of the 2027 general election.
Australia’s Federal Court has ordered The Star Entertainment Group to pay a $260 million penalty for breaching the country’s anti-money laundering and counter-terrorism financing laws. The ruling follows a series of regulatory actions and significant penalties previously imposed on the casino operator across Queensland and New South Wales.
MGM Resorts International has terminated acquisition talks with its largest shareholder, People Inc., following the withdrawal of an $18 billion buyout proposal. CEO Bill Hornbuckle confirmed during the operator's third-quarter earnings call that discussions ended after People Inc. failed to assemble the necessary financing syndicate, despite reaching an agreement on price.
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 23.41% year-on-year revenue decline to ₱64.41 billion ($1 billion) for the first nine months of 2026. The regulator's net income dropped 84.85% to ₱2.17 billion ($34.7 million) over the period, heavily impacted by softening returns from gaming operations and related services.
MGM Resorts International reported a 1% year-on-year decline in consolidated revenue to $4.2 billion for the third quarter of 2026, as weaker results on the Las Vegas Strip offset growth across other segments. The company's net loss narrowed to $17 million from $285 million in the prior-year period, while adjusted EBITDA decreased from $506 million to $403 million.
The Betting and Gaming Council has warned that an increase in the UK's Machine Games Duty to 25% threatens nearly 9,000 industry jobs and could lead to the closure of approximately 1,000 betting shops and casinos. BGC Chief Executive Grainne Hurst criticized the tax hike, citing concerns over the cumulative financial burden placed on operators.
Entain expects to incur an additional £25 million ($33.25 million) in annual costs resulting from the UK government's decision to raise Machine Games Duty from 20% to 25% on higher-stakes machines. Despite the anticipated financial headwind, the Ladbrokes and Coral operator has maintained its fiscal 2026 guidance and its 2028 cash flow targets.
Legislation to regulate online gambling in Chile is advancing through the legislative process despite ongoing disagreements regarding taxation and licensing frameworks. Stakeholders have raised concerns over proposed fee structures and transitional arrangements, arguing they may undermine fair market competition.
The Chilean government has submitted updated online gambling regulatory amendments that maintain a five-year licensing framework while introducing a complete advertising ban across all platforms. The revised package, currently under review by the Senate Economy Committee, also outlines adjusted taxation terms and a transitional pathway for incumbent operators.
The Kansspelautoriteit has established a January deadline for applications to operate the Netherlands' totalisator horse racing betting monopoly. Incumbent operator ZEbetting & Gaming has held the exclusive rights for multiple years following its most recent licence renewal in 2022.
BetMakers reported a 176.1% year-on-year increase in EBITDA to AU$5.9m (£3.1m) for Q1 FY27, alongside a 16.3% rise in revenue to AU$24.7m. The strong operational performance comes as the Australian betting technology provider prepares for an acquisition by Tabcorp.
HM Revenue and Customs (HMRC) has published a policy paper proposing adjustments to Remote Games Duty (RGD) targeting freeplay taxes following the Jumpman ruling. The proposed tax change follows the British government's announcement of a five-point increase in Machine Games Duty (MGD) in the latest budget.