Betting industry news

    Read the full Spectrum Gaming Group report, published in the latest twist in Playtech vs Evolution saga

    Read the full Spectrum Gaming Group report, published in the latest twist in Playtech vs Evolution saga

    This article provides access to the full Spectrum Gaming Group report, which is central to the ongoing dispute between iGaming giants Evolution and Playtech. The report's contents are crucial for understanding the specifics of the conflict, which has significant implications for both companies and the broader live casino sector. This represents a key development in a major industry legal/business saga.

    Robinhood to stop offering sports-related event contracts in Michigan amid ongoing litigation

    Robinhood Derivatives has agreed to cease offering new sports-related event contracts to customers in Michigan and will close out existing positions by October 9th, following an agreement with the Michigan Gaming Control Board. This action comes amid ongoing litigation and makes Robinhood the second platform to withdraw such offerings from the state this year.

    BreakingRegulatory

    FATF issues stark warning as money laundering threat rises with black market presence

    The Financial Action Task Force (FATF) has issued a critical warning to regulators, stating that gambling platforms are increasingly being exploited for money laundering activities, particularly as black market operations expand. This alert signals a heightened focus on combating financial crime within the industry, especially in Europe, potentially leading to more stringent regulatory measures.

    Supreme Court appeal highlights latest chapter in feud between Station Casinos, Culinary Union

    Supreme Court appeal highlights latest chapter in feud between Station Casinos, Culinary Union

    The US Supreme Court has denied an emergency stay request from Station Casinos, allowing a lower court ruling to stand in its ongoing dispute with the Culinary Union regarding unionisation efforts at its Red Rock Casino. This decision marks another development in the lengthy legal battle between the casino operator and the union over collective bargaining rights.

    BreakingRegulatory

    Brazil president preparing provisional measure to tighten betting regulations

    Brazil president preparing provisional measure to tighten betting regulations

    Brazil's President is reportedly preparing a provisional measure to tighten betting regulations, leveraging concerns over household debt and gambling addiction. This move is seen as an attempt to appeal to conservative voters ahead of re-election efforts. The measure could significantly impact the operational landscape for iGaming and betting companies in Brazil.

    Olli Sarekoski, Veikkaus CEO: fair competition is only way forward for Finland

    Olli Sarekoski, Veikkaus CEO: fair competition is only way forward for Finland

    Olli Sarekoski, CEO of Finnish gambling monopoly Veikkaus, discusses the necessity of fair competition, implying that the current monopoly model is failing to retain players who seek international alternatives. He suggests a shift towards a licensed market could be beneficial for Finland, aligning with recent industry discussions about market liberalization. This indicates potential future regulatory changes in a significant European market.

    Genius Sports, NBA All-Star Chris Paul and Words + Pictures Launch New Athlete-Led Sports Media Company

    Genius Sports has partnered with NBA All-Star Chris Paul and Words + Pictures to launch 'Hidden Empire Productions,' a new athlete-led sports media company. This venture aims to create original content focused on untold stories and underrepresented communities in sports, expanding Genius Sports' reach beyond its core data and technology offerings.