Cyprus saw an 8% year-on-year growth in regulated betting turnover, reaching over €1.3 billion in 2025. Panagiotis Trisokkas, President of the Cypriot National Betting Authority, emphasized the need for smart supervision and a forward-thinking regulatory strategy to sustain this growth.
Flutter Entertainment has officially delisted its shares from the London Stock Exchange (LSE) as of August 3rd, marking the end of nearly three decades of trading in London. This move follows the company's previously announced decision to prioritize its US listing.
Italian Prime Minister Giorgia Meloni has rejected the final terms for reorganizing Italy's land-based gambling sector, leaving the industry in continued uncertainty. This decision follows a two-year negotiation breakdown between the Ministry of Economy and Finance and regional authorities regarding a long-awaited retail reorganisation.
Betsson AB has announced the successful completion of its acquisition of Rhino Entertainment. This M&A deal signifies further consolidation and expansion within the iGaming sector for the major operator.
New York Attorney General Letitia James is suing prediction market Kalshi, accusing it of operating as an illegal gambling platform within the state. The lawsuit aims to permanently bar Kalshi from offering its services in New York and seeks financial penalties.
New York Attorney General Letitia James has sued prediction market operator Kalshi, alleging it operates an illegal, unlicensed gambling business in the state. The lawsuit, filed in New York Supreme Court, claims Kalshi offers wagering on various events, including sports and elections, without proper licensing.
The NFL and other sports leagues have urged the CFTC to implement minimum age requirements for sports-event trading on prediction markets. This comes as New York State is suing Kalshi for $36 billion, alleging the platform offered illegal event wagering.
IG Group Holdings has announced its acquisition of Underdog Sports Holdings, a prominent U.S. daily fantasy sports and prediction markets operator. The deal is valued at approximately $1.3 billion, signifying a major expansion for IG Group in the North American market.
Betfred is set to close 132 betting shops across the UK, resulting in the loss of over 600 jobs. This move represents a restructuring of the company's retail operations and accounts for more than 10% of its total shop estate.
Churchill Downs Incorporated is set to acquire a 49% stake in United Tote Company from the New York Racing Association (NYRA). United Tote specializes in manufacturing and operating pari-mutuel wagering systems for various betting facilities.
New guidance in New Zealand prohibits gambling advertisements from appealing to minors, using personal endorsements, or promoting beliefs in luck, fate, or rituals. These strict rules aim to reduce problem gambling and protect vulnerable populations.
Thai authorities have shut down 4,576 World Cup-themed sports betting websites, which processed an estimated $591 million in wagers. This crackdown is part of a broader government effort against illegal gambling, with future focus expanding beyond soccer to other sports.
Former MLS MVP Luciano Acosta is under investigation for potential spot-fixing in a Brazilian football match after unusual betting patterns were observed on him receiving a yellow card. Betting operator Stake reported the suspicious activity to Sportradar, highlighting increasing concerns over integrity in sports betting.
Norway's state gambling monopoly, Norsk Tipping, is facing growing criticism, with a recent political comment highlighting nearly two decades of anti-monopoly sentiment. This makes Norway poised to become the last country in Europe with such a system amidst ongoing debate about its future.
Esports betting provider Oddin.gg has secured approvals to operate in Kansas and Wyoming, expanding its North American presence to ten jurisdictions. This allows the company to supply its esports betting products to licensed operators in these new states.
Novig has become the exclusive official prediction market partner of the New York Mets, marking the first partnership of its kind between a Major League Baseball franchise and a prediction market company. This collaboration signifies a novel integration of prediction markets into mainstream sports. The deal could pave the way for similar partnerships across MLB and other major sports leagues.
IG Group is set to acquire Underdog for an estimated $1.3 billion, marking a significant strategic move into the US prediction markets. This deal, funded by cash and IG shares, represents the largest acquisition in IG Group's history.
Betfred is set to cut 600 jobs and close 132 shops across the UK, citing increased gambling taxes and rising operational costs. This move follows similar job cuts by Entain earlier in the year, indicating a broader trend of cost-cutting within the UK gambling industry due to financial pressures.
The Japanese government is considering implementing geoblocking measures against online casino platforms, following a report from a panel of experts. This move could significantly impact the accessibility of online gambling within Japan, despite potential criticism.
Betfred plans to close approximately 10% of its 1,200 retail betting shops in the UK due to challenging fiscal and regulatory conditions, including increased gambling taxes. This move will result in the closure of over 100 premises.
New York State has filed a $36 billion lawsuit against Kalshi, a prediction market platform, alleging illegal gambling operations. The Commodity Futures Trading Commission (CFTC) has intervened, filing a motion for a temporary restraining order to protect Kalshi and prevent New York's enforcement, highlighting a significant clash over regulatory jurisdiction in the prediction market space.
Russian President Vladimir Putin has signed new regulations requiring gambling companies to block self-excluded individuals from placing bets. The new legislation, which includes fines for non-compliance, was passed by both the State Duma and Federation Council.
As the 2026/27 Premier League season approaches, Sunderland AFC and Nottingham Forest FC are still seeking new main sponsors, three weeks before the ban on front-of-shirt gambling sponsorships comes into effect. Both clubs previously had gambling companies as their primary shirt sponsors, highlighting the impact of the new regulations on their commercial strategies.
IG Group has made a significant investment, reportedly a billion-dollar punt, into the prediction market operator Underdog. This move signals IG Group's strategic entry into the rapidly growing prediction market sector, leveraging a prior professional relationship between key executives from both companies.
The Gambling Commission (GC) has identified a significant money laundering and terrorist financing risk stemming from a lack of scrutiny in white-label partnerships within the remote casino sector. This finding is part of the GC's latest risk assessment, which designates remote casinos as high risk, while society lotteries are considered low risk.