Betting industry news

    Red faces at the SMF? Draft shows think tank’s boss questioned machine tax jobs claim

    Red faces at the SMF? Draft shows think tank’s boss questioned machine tax jobs claim

    A leaked draft of a Social Market Foundation report recommending a doubling of the UK's Machine Games Duty has surfaced with internal staff commentary attached, revealing that the think tank's director questioned key claims regarding employment impacts. The revelation arrives just ahead of the government's budget announcement. The findings have drawn swift criticism and scrutiny from betting and gaming industry stakeholders.

    CFTC warns Novig and ProphetX against listing scorigami, sports micro contracts

    CFTC warns Novig and ProphetX against listing scorigami, sports micro contracts

    The Commodity Futures Trading Commission has instructed prediction platforms Novig and ProphetX not to list certain self-certified sports event contracts, including scorigami and micro-betting markets. The regulator expressed concern that short-term micro contracts, such as which player scores first in a basketball game, are vulnerable to manipulation. The agency has asked Novig to explain how it intends to ensure market integrity and prevent manipulative activity across these markets.

    Evoke revenue drops 7% amid UK gambling tax pressures

    Evoke revenue drops 7% amid UK gambling tax pressures

    Evoke reported a 7% year-on-year decline in third-quarter revenue to £406 million ($542.67 million), impacted in part by the closure of approximately 270 retail betting shops over the past year. Following the results, the parent company of William Hill and 888 called on the UK government to refrain from introducing additional gambling tax increases in the upcoming autumn budget.