A new Fincord Intelligence report estimates the global illegal online gambling market will generate US$50 billion in gross revenue in 2025. The report highlights that illegal operators are specifically targeting vulnerable British customers, including those who have self-excluded, by promoting 'Non-GamStop' casinos.
FINTRAC, Canada's financial intelligence unit, has imposed an administrative monetary penalty of $231,826 on the Nova Scotia Gaming Corporation. This penalty follows a compliance examination focusing on anti-money laundering and anti-terrorist financing protocols. The enforcement highlights the strict regulatory environment for gaming corporations in Canada regarding financial compliance.
The Financial Conduct Authority (FCA) is reviewing its stance on consumer access to investments, which could lead to a re-evaluation of the 2019 UK ban on retail binary options. This review, expected in September, might open a path for prediction markets to launch in the UK, potentially expanding the regulated landscape for such financial-betting products.
Cambodia is formalizing and tightening its casino licence renewal standards as part of an ongoing anti-scam crackdown. This move signifies increased regulatory scrutiny and potentially more stringent operating conditions for casinos in the country.
New research by Euromat indicates Europe's illegal online gambling market has tripled in value over six years, reaching €12 billion in net revenue in 2021. This 'black market' now accounts for 25% of the total online gambling sector in Europe, highlighting significant challenges for regulated operators and authorities. The study provides the most detailed analysis to date on the scale of unregulated online gambling across the continent.
Two UK bookmakers, Bet St George and BresBet, have surrendered their operating licenses following suspensions by the Gambling Commission. The suspensions were issued due to suspected failings in social responsibility and anti-money laundering protocols. This action leads to their immediate cessation of operations.
Bet St George and BresBet, two UK bookmakers, have surrendered their operating licenses following suspensions by the Gambling Commission. The suspensions were issued due to suspected failings in social responsibility and anti-money laundering protocols, leading to their exit from the market.
The Belgian Council of State has suspended the award of the Brussels casino concession to Napoleon Games, following a decision made by the City in July. This ruling puts the future of the casino in doubt and raises questions about potential conflicts of interest due to the Mayor's position with an Anderlecht football club sponsored by Napoleon Games.
The American Gaming Association (AGA) projects Americans will legally wager $29.5 billion on the 2026 NFL season, a figure showing flat growth compared to the previous season. The AGA attributes this stagnation to the rise of 'backdoor sports betting' through prediction markets, which operate outside of state-regulated frameworks across all 50 states.
New Jersey Attorney General Jennifer Davenport has petitioned the US Supreme Court to rule on whether prediction markets, like Kalshi, can offer sports wagers without adhering to state sports-gambling laws. This filing seeks to resolve a national legal divide on the classification of these markets, with potential far-reaching implications for both prediction platforms and state-regulated sports betting.
This article challenges the effectiveness of current responsible gambling (RG) advertising strategies, despite significant investment from major operators like FanDuel and DraftKings and UK industry commitments. It suggests that current approaches may be failing and implies a need for evidence-based alternatives to improve player safety outcomes. This highlights a critical and evolving discussion within the industry regarding player protection.
Resorts World New York City is lobbying Governor Kathy Hochul to include its payments to the horse racing industry within its state tax obligations. The casino argues that a separate payment on top of existing taxes would effectively raise its overall tax rate to 76%, impacting profitability and future investment in the state.
DraftKings and FanDuel are intensifying their challenge against Kalshi, a prediction market platform that advertises itself as offering 'legal sports betting in all 50 states' despite operating outside traditional sports betting regulations. The dispute highlights the evolving landscape of event wagering and the legal distinctions between betting and prediction markets, drawing attention from major industry players.
A recent political debate in the Netherlands highlighted strong divisions regarding the future direction of the country's gambling legislation, particularly the ongoing reforms to the Remote Gaming Act (KOA). The discussions revealed diverse opinions on how to proceed with the existing mandates, indicating potential challenges for unified policy implementation.
Veikkaus, Finland's state-owned gambling operator, is undergoing further restructuring as it prepares for the potential opening of a competitive gambling market in the country. This move follows a 1% increase in sales revenue for the first half of 2026 compared to 2025.
New Jersey is considering challenging the legality of prediction markets at the Supreme Court, potentially setting up a new landmark case akin to the PASPA repeal. The article notes that five justices from the 2018 PASPA ruling are still on the bench, and four would be needed for the Court to hear the prediction market case.
Brazil's Senate Committee on Science, Technology, Innovation and Informatics (CCT) has approved comprehensive legislation aimed at reshaping consumer protection and harm reduction for the country's betting and online gaming market. The bill includes significant restrictions on advertising, sponsorships, and promotional incentives, marking a critical step in regulatory development for the major emerging market.
New Jersey Councilman Anand Shah has pleaded guilty to racketeering, money laundering, and official misconduct for operating an illegal sportsbook and poker games. These operations were run in conjunction with members of the Lucchese crime family. Shah's admission comes 18 months after his initial arrest, during which he had denied the charges and won re-election.
Brazilian Senators are reportedly planning to dismantle key commercial aspects of the country's regulated online gambling market. This development indicates a significant political battle over gambling policy, especially as Brazil approaches its October elections, potentially undermining the recently established 'Bets Law'.
Brazilian lawmakers are debating stricter controls on betting advertising and sponsorship through Bill 2,470/2026, with government and health officials advocating for tougher restrictions. A recent Senate hearing highlighted divisions regarding the proposed changes, which could significantly impact operator marketing strategies in the burgeoning Brazilian market.
Holland Casino reported a loss of €6.1 million before corporate income tax in the first half of 2026, despite a slight increase in turnover to €361.5 million. The loss is primarily attributed to higher gambling taxes and rising costs, impacting profitability despite stable revenues and cost-saving efforts.
The Ninth Circuit Court of Appeals ruled against Kalshi, stating its sports markets are not exempt from state sports betting laws. Despite this setback, a law professor suggests there are elements within the unanimous judgment that could still be leveraged positively by the operator. This decision impacts the regulatory landscape for prediction markets and their intersection with sports betting legislation.
Euro Games Technology (EGT) has secured a Gaming Related Vendor License from the UAE's General Commercial Gaming Regulatory Authority (GCGRA). This license permits EGT to supply its land-based gaming solutions to licensed operators within the United Arab Emirates. This marks a significant step for EGT into the newly regulated UAE market.
New Jersey has petitioned the Supreme Court to determine if sports prediction markets are exempt from state gambling laws, appealing a Third Circuit ruling that favored Kalshi. This move follows a circuit split, as the Ninth Circuit previously issued a conflicting decision on similar matters. The Supreme Court's decision could significantly impact the legal status and regulation of prediction markets nationwide.
Hungary is considering terminating its gambling regulator, the Supervisory Authority for Regulated Activities (SZTFH), just five years after its establishment. A resolution published in the Hungarian Gazette indicates the government's intent to examine the regulator's operations, raising significant uncertainty for the country's iGaming sector.