Betting industry news

    BreakingRegulatory

    Connecticut Moves to Block Kalshi Sports Markets With New Lawsuit

    Connecticut Moves to Block Kalshi Sports Markets With New Lawsuit

    Connecticut has initiated a new lawsuit against Kalshi, aiming to prohibit its sports markets within the state. Attorney General William Tong asserts that Kalshi's sports-event contracts are effectively illegal sports betting and are not exempt from Connecticut's consumer protection laws under federal regulation. This legal action highlights the ongoing debate about the classification of prediction markets versus traditional sports betting.

    Tabcorp sees huge profit growth on marginal revenue growth due to strong cost control

    Australian betting giant Tabcorp reported a significant 43.6% increase in net profit after tax for FY2026, reaching $2,636.3m, despite only a 0.8% rise in revenue. This strong profit growth was attributed to effective cost control and a new retail commercial model. Both Wagering and Media and Integrity Services divisions contributed to the revenue growth.

    BreakingRegulatory

    Nebraska petition pushes referendum closer to decide on online sports betting launch in 2026

    Nebraska's Secretary of State has confirmed that petitions for both a constitutional amendment and an initiative to authorize and regulate online sports wagering have met the signature thresholds to appear on the 2026 general election ballot. This development moves Nebraska closer to allowing voters to decide on the launch of online sports betting in the state.

    Study shows stark differences in bookies’ presence during Premier League and World Cup

    A University of Nottingham study revealed significant differences in gambling sponsorship visibility between the Premier League and the World Cup. Gambling brands appeared in 32.6% of Premier League YouTube highlights compared to only 1.5% for the World Cup, likely due to FIFA's stricter stance on betting sponsorship. This highlights contrasting approaches to gambling advertising in major football events.

    Sportradar extends EuroLeague Basketball rights deal to 2031

    Sportradar has secured a multi-year extension of its exclusive global distribution rights for official data and audiovisual betting for Euroleague Basketball through the 2031 season. This renewed agreement, effective from the 2026-27 season, encompasses over 650 games annually across the EuroLeague and BKT EuroCup competitions. This continues a long-standing partnership, solidifying Sportradar's position in European basketball betting data.

    Dealing With Dopamine: Inside the Mind of a Gambling Addict

    A former US Surgeon General, Jerome Adams, sparked debate by comparing sports betting to the opioid crisis, highlighting growing concerns about problem gambling. The article explores the psychological aspects of gambling addiction, questioning why some individuals develop addiction while others do not. This raises significant public health and regulatory considerations for the iGaming industry.

    BreakingRegulatory

    A Fundamental Shift: what removing ‘aim to permit’ could mean for UK betting shops

    The potential removal of the 'aim to permit' principle from the UK Gambling Act 2005 would represent a fundamental shift in regulatory philosophy, moving away from the 2005 Act's liberalizing intent. This change could lead to a significantly more restrictive environment for betting shops and the broader UK gambling industry. Experts believe such a change would be highly impactful.

    Polymarket's New Markets Involving NFL Player Availability Spark Debate

    Polymarket's New Markets Involving NFL Player Availability Spark Debate

    Polymarket has launched new markets allowing users to bet on NFL player availability for specific events, framed as 'Will {participant} participate in {event}?' This move comes despite the CFTC's stance against markets related to player injuries, though the regulatory body has not opposed Polymarket's self-certification of these specific markets. The development sparks debate regarding the interpretation of regulations for prediction markets involving sports.