Betting industry news

    Senator questions government focus on illegal land based gambling in Chile

    Senator Karim Bianchi in Chile has criticized the government's focus on illegal land-based gambling, arguing that scrutiny should also extend to online betting platforms. As president of the Senate's Security Commission, Bianchi raised this point within the context of the government's anti-organised crime agenda. This indicates a potential shift in regulatory attention towards the online sector in Chile.

    Evolution Only Wants To Hire Young, Attractive White Females, Claims Lawsuit

    A former Talent Acquisition Manager has filed a lawsuit against iGaming giant Evolution, alleging the company had a hidden policy to hire only "young, attractive white females." The plaintiff claims he was harassed and unlawfully terminated after raising concerns about this discriminatory practice. This lawsuit could significantly impact Evolution's reputation and operations.

    Kalshi's Acceptance of Tax in North Carolina 'A Stunning Aboutface," Claims Nevada

    Nevada authorities assert that prediction market operator Kalshi's agreement to pay taxes in North Carolina is a "stunning about-face" and a concession that states have regulatory authority over such markets. This claim is central to Nevada's ongoing legal dispute against Kalshi, suggesting significant implications for the legality and regulation of prediction markets.

    888AFRICA boosts marketing capabilities as regional competition grows

    888AFRICA, a joint venture between evoke and Christopher Coyne, has partnered with predictive intelligence firm Axom Gaming to enhance its marketing capabilities in the competitive African betting market. Axom will deploy its decisioning layer, integrating its technology to improve CRM and marketing efforts for 888AFRICA. This move signifies a strategic investment in customer engagement in a growing region.

    Cantor Fitzgerald adds institutional block trading to prediction markets

    Cantor Fitzgerald, a global investment bank, has launched institutional block trading for prediction markets, positioning itself as one of the first full-service investment banks to offer this service to institutional clients. This move expands access to prediction markets for large-scale financial players. Prediction markets are often seen as a form of regulated betting on future events.

    The CFTC Chair should listen to CME CEO Terry Duffy on the dangers of unregulated gambling prediction markets

    CME Group CEO Terry Duffy has voiced strong concerns about unregulated prediction markets, likening them to 'carnival barkers.' Dennis Kelleher of Better Markets urges the CFTC's Innovation Advisory Committee to heed Duffy's warnings, emphasizing the dangers these unregulated platforms pose. This debate highlights a push for stricter oversight and regulation of prediction market activities, which often operate in a grey area between finance and gambling.

    Exalogic and Fast Track bring agentic CRM to Italy's regulated market

    Exalogic, a prominent platform provider in Italy, has partnered with Fast Track to integrate agentic CRM workflows for its network of over 20 licensed Italian brands. This collaboration aims to enhance player engagement and retention within Italy's regulated gaming market. The technical integration and compliance alignment are complete, with several Italian operators already utilizing the new CRM capabilities.

    BreakingRegulatory

    UK's black market to take £800m in bets across the new Premier League season

    The UK's illegal gambling black market is projected to handle up to £800 million in bets during the new Premier League season, with approximately £20 million already wagered with criminal operators on the opening weekend. This figure is anticipated to increase by a further £200 million throughout the season. Such activity highlights the scale of unregulated betting and its impact on the licensed market.