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    CFTC, NBA partner to protect prediction market integrity

    The Commodity Futures Trading Commission (CFTC) and the NBA have partnered to safeguard sports integrity within prediction markets. Under the agreement, the league will participate in information-sharing initiatives with the regulator to monitor market conduct.

    Summary based on reporting by CasinoCity Times, which retains all rights to its text and images.

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    Italy targets $2.13 billion in gambling revenue under 2027 budget plan

    Italy targets $2.13 billion in gambling revenue under 2027 budget plan

    Italy's government is planning tax increases, altered lottery commissions, and adjusted concession fees to generate approximately €1.9 billion ($2.13 billion) from the gambling sector between 2027 and 2029. A draft budgetary plan submitted to Brussels projects €718 million annually from gambling in 2027 and 2028, alongside €478 million in 2029. The fiscal measures form part of broader state revenue targets led by Prime Minister Giorgia Meloni’s administration.

    Federal Court orders The Star Entertainment Group to pay $182 million for AML/CTF breaches

    Federal Court orders The Star Entertainment Group to pay $182 million for AML/CTF breaches

    The Federal Court of Australia has ordered The Star Entertainment Group to pay AU$260 million ($182 million) for breaches of anti-money laundering and counter-terrorism financing laws. The ruling comes in below the AU$400 million penalty proposed by financial intelligence regulator AUSTRAC. Justice Moore determined the reduced penalty after factoring in prior enforcement penalties and mitigating circumstances.

    Georgia approves law allowing casinos to host international gambling tournaments

    Georgia approves law allowing casinos to host international gambling tournaments

    Georgia’s Parliament has passed legislation permitting domestic casinos to organize and host international gambling tournaments. Introduced by lawmakers from the ruling Georgian Dream party, the bill secured final approval following a 73-5 vote. Lawmakers finalized the measure across two plenary sessions, during which adjustments to baseline regulatory thresholds were debated and approved.