Betting industry news

    BreakingRegulatory

    Lula signs measure banning online betting in Brazil

    Brazilian President Luiz Inácio Lula da Silva signed a provisional measure to ban online betting, initiating the shutdown of the country's regulated fixed-odds sports wagering and virtual casino games industry. The government cited concerns about protecting families from gambling-related debt and social harms as the basis for the prohibition.

    BreakingRegulatory

    Brazil: Betting ban could be announced today

    Brazil: Betting ban could be announced today

    Brazil's online betting market is awaiting the potential signing of a provisional measure (MP) today, September 25, which could ban betting. President Luiz Inácio Lula da Silva is expected to make an official announcement regarding this measure, which aligns with his campaign against online betting.

    Bookies slash or suspend Manchester City relegation odds after guilty verdicts

    Bookies slash or suspend Manchester City relegation odds after guilty verdicts

    Following Manchester City's guilty verdict on 114 financial regulation breaches, major bookmakers in the UK have either suspended or significantly adjusted their Premier League relegation markets. Operators like William Hill, bet365, Paddy Power, and Sky Bet swiftly reacted to the news. This move reflects the significant perceived risk of potential penalties, despite an expected appeal process.