Betting industry news

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    Prediction market roundup: Nevada's Ninth Circuit win over Kalshi sets the stage for potential SCOTUS review

    Prediction market roundup: Nevada's Ninth Circuit win over Kalshi sets the stage for potential SCOTUS review

    Kalshi's recent loss against Nevada in the Ninth Circuit significantly increases the likelihood of the Supreme Court reviewing event contracts. This legal battle could set a major precedent for the regulation and legality of prediction markets across the US. The odds for SCOTUS review reportedly spiked above 60% following the decision.

    Nevada casinos post eighth-highest month ever in July as GGR hits $1.38bn

    Nevada's casinos achieved their eighth-highest monthly Gross Gaming Revenue (GGR) ever in July, totaling $1.38 billion, driven by a 24 percent surge in table gaming. This figure marks a 2.1 percent increase compared to July of the previous year (assuming 2022, as 2025 is a typo in the source material) and represents the best table gaming month of the year so far for the state's 453 casinos.

    Estonia PM calls on review of iGaming tax reduction

    Estonian Prime Minister Kristen Michal has ordered a review of the reduction in income from online gambling, citing concerns over fiscal and budgetary shortfalls. The Riigikogu (parliament) is tasked with re-evaluating the tax reduction that was sanctioned in December 2025 as part of the Reform-Eesti 200 budget. This move signals a potential reversal or modification of tax policies affecting licensed online operators in Estonia.

    Turning the Tables on Fake Casino Games

    Industry veteran James Elliott, an intellectual property lawyer, has launched Gamecheck to combat the proliferation of fake casino games online. The platform aims to identify and report fraudulent copies of legitimate games, addressing a persistent issue that conventional legal methods struggle to resolve effectively. This initiative provides a new tool for game providers and regulators to protect intellectual property and player trust.

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    Brazilian lawmaker proposes betting ban

    Brazilian lawmaker Rodrigo Rollemberg has introduced Bill 2,972/26, which proposes a complete ban on fixed-odds betting across all forms, including online and land-based operations, and would revoke the recently established regulatory framework (Law 14.790/23). The legislation seeks to prohibit the exploitation, offering, advertising, and transaction processing related to fixed-odds betting. This move represents a significant challenge to the country's nascent regulated betting market.

    Ukraine to roll out gambling ban automation for military personnel

    Ukraine's gambling regulator, PlayCity, has launched a tender to develop an automated system to enforce a gambling ban for military personnel. This initiative aims to streamline the verification process and restrict military members' access to gambling activities across the country. The move is part of broader efforts to enhance player protection and responsible gambling measures.

    DraftKings Launches 5-Minute Crypto Markets as Short-Term Contracts Explode in Volume

    DraftKings has expanded its prediction market platform by introducing new 5-minute crypto markets, allowing users to wager on Bitcoin and Ethereum price movements. This initiative targets short-term contracts and is being advertised in states without legal sports betting. It signifies a major operator diversifying its offerings and exploring new market segments.

    Sportradar and Polymarket Significantly Expand Prediction Market Partnership to More Than 20 Global Sports Leagues and Competitions

    Sportradar has significantly expanded its partnership with Polymarket, integrating exclusive streaming rights for major leagues like the Bundesliga and Euroleague Basketball, alongside official data for Tennis Grand Slams. This collaboration deepens Sportradar's role as a technology partner in the prediction market category, covering over 20 global sports leagues and competitions. This move enhances data and streaming offerings for Polymarket's users.