Betting industry news

    Wisconsin Threatens Residents Could Lose Right to Vote for Gambling on Prediction Markets

    Wisconsin's Elections Commission (WEC) is warning residents that wagering on prediction markets related to elections could lead to the loss of their voting rights, citing state statutes that explicitly prohibit such betting. This stern warning highlights a growing regulatory pushback against prediction markets, linking their use directly to civic disenfranchisement in the state.

    Lower Tiers of Football & Tennis Increasingly Targeted By International Criminal Gangs, DCMS Testifies

    DCMS officials told the House of Lords International Agreements Committee that international criminal gangs are increasingly targeting lower-tier football and tennis to corrupt sports. This testimony occurred during a session discussing the ratification of the Macolin Convention, emphasizing the need for global cooperation to combat this threat.

    Bulgaria rejects opposition gambling ad blanket ban and tax hike proposals

    Bulgaria rejects opposition gambling ad blanket ban and tax hike proposals

    Bulgaria's government has rejected proposals for a blanket ban on gambling advertising and a significant tax increase, citing concerns that such measures could drive consumers towards the illegal gambling market. Authorities worry that increased taxation in particular might make licensed operators less competitive and thus inadvertently boost the unregulated sector.