The Commodity Futures Trading Commission (CFTC) is reportedly moving closer to formalizing rules for prediction markets and may initiate a review of these controversial products. This development indicates potential future regulatory oversight for a sector with similarities to traditional betting markets.
Anjouan is gaining traction as a preferred licensing jurisdiction for crypto casinos and sportsbooks, primarily due to its low costs, crypto-friendly regulations, broad license scope, and expedited approval processes. This framework attracts iGaming operators looking to launch crypto-focused betting platforms efficiently.
Repealing the UK's 'aim to permit' licensing principle could lead to significant and potentially complex legislative changes for the country's retail gambling sector. This shift could disrupt current regulatory frameworks and necessitate a new approach to licensing decisions. The industry is closely monitoring this potential policy change.
Repealing the UK's 'aim to permit' licensing principle could lead to significant and potentially disruptive legislative changes for the country's retail gambling sector. This move might trigger broader reforms, impacting how the industry is regulated and operates within the UK.
Vicky Foxcroft MP has been appointed as the new Minister responsible for gambling in the UK. The Betting and Gaming Council (BGC) welcomed her appointment and expressed its anticipation of constructive engagement with the new minister.
Novig has introduced a comprehensive responsible trading framework for its CFTC-regulated Ludlow Exchange. This framework includes standards for participant protections, product design, marketing, and risk monitoring to ensure player safety and ethical operations.
Brazil's Ministry of Finance has ordered the immediate suspension of Pixbet's operations due to alleged irregularities, including money laundering concerns. The precautionary measure includes a daily fine of BRL200,000 for non-compliance and an order to seize up to BRL1.1 billion from the company. This action highlights Brazil's intensified regulatory scrutiny on betting operators.
A Washington state judge has ordered Kalshi, a platform for event contract trading, to block access for users to a wide range of markets, including sports, by August 19. This ruling comes amidst the CFTC's opposition to such state court orders and a separate lawsuit against the company in Baltimore. The implications for Kalshi's operations and the regulatory landscape for prediction markets are significant.
A Rokker white paper reveals that only 20% of UK prize draw operators have adopted a voluntary code of conduct, highlighting a significant lack of self-regulation in the sector. This comes amidst broader regulatory uncertainty, particularly after HMRC confirmed that prize draws will not be exempt from VAT.
Hennadii Novikov, appointed Head of Ukraine's new gambling and lottery oversight agency, PlayCity, is spearheading a data-driven regulatory overhaul. This initiative aims to transform the country's stalled gambling sector, which was previously deemed an economic and security threat by the Council of Ministers.
The Saratoga Conference discussed significant industry topics, including potential reforms for horse racing's Triple Crown, a lawsuit filed against prediction market Kalshi, and an investigation into betting activities at Far Hills. NBC's Steve Kornacki was a prominent speaker at the three-day event.
Pennsylvania is exploring the regulation of prediction markets through House Bill 2711, introduced by Rep. Tarik Khan, rather than imposing an outright ban. This legislative effort could establish a legal framework similar to those for DFS and sports betting, according to attorney Doug Mishkin. If passed, it would create a new, regulated gambling vertical in the state.
Fliff, a prominent sweepstakes sports platform, has applied to become a Futures Commission Merchant (FCM) to transition into the prediction market sector. This strategic move signals a broader trend among sweepstakes operators pivoting from their current models towards event contracts. If approved, Fliff could partner with a Designated Contract Market (DCM) to offer new betting products.
Chile's Chamber of Deputies has questioned the Internal Revenue Service's (SII) decision to allow foreign online betting platforms to register and pay VAT, expressing concerns despite the SII viewing it as a step towards fair competition. This development highlights ongoing legislative debate regarding the taxation and regulation of the online gambling market in Chile.
Germany's Joint Gaming Authority (GGL) has launched a new FAQ section clarifying that social bets (Gesellschaftswetten) and prediction markets are not permissible under German gambling law. The GGL states that participation in such activities from Germany is illegal. This update reinforces the regulatory stance on these types of offerings.
The UK Gambling Commission reported that a pilot scheme testing financial risk assessments was hindered by operators' poor identity verification processes. This issue emerged as the Commission prepares to publish the full data from the pilot in September, indicating a potential need for stronger ID checks in future regulatory frameworks.
Derek Stevens, owner of Circa Sports, strongly criticized prediction markets like Kalshi and Polymarket, labeling them as 'pirates' and 'thieves.' His comments highlight ongoing tensions and legal battles between traditional sports betting operators and the emerging prediction market sector. This reflects growing industry friction and debate over the legality and nature of these platforms.
The Commodity Futures Trading Commission (CFTC) has intervened in the lawsuit filed by New York Attorney General Letitia James against KalshiEX, a platform offering event contracts. The CFTC stated its actions are aimed at protecting the stability of the national derivatives market, indicating a federal-level interest in the classification and regulation of such products amidst state-level challenges.
Jamaica's Casino Gaming Commission has issued its inaugural casino gaming operator's license to Adamas Grand Casino Limited. This license paves the way for a new casino at the Princess Grand Jamaica Resort in Hanover, marking a significant development for the country's gaming sector.
Two prominent sweepstakes casinos, The Money Factory and CoinFrenzy, have ceased operations amidst escalating regulatory scrutiny in the U.S. Their closure follows a trend of dozens of similar platforms shutting down over the past year due to new state laws prohibiting unregulated sweepstakes models, signaling a tightening regulatory environment for this sector.
Bally's has paused construction on the non-gaming components of its Chicago casino project, citing the "uncontrolled proliferation of video gambling terminals (VLTs)" as a breach of its agreement with the city. While the permanent casino structure continues, Bally's believes the increase in VLTs negatively impacts the project's financial viability, prompting them to re-evaluate the scope and cost of non-gaming facilities.
Italian football club SS Lazio has terminated its sponsorship deal with Polymarket, a US-based prediction market platform, following regulatory action in Italy. The decision came after Italian regulators blocked access to Polymarket's platform, invalidating the sponsorship agreement signed in April for an undisclosed sum.
Vicky Foxcroft has been appointed the new Gambling Minister, succeeding Stuart Andrew. Her past voting record indicates support for significant reforms, including high-street gambling venue changes, a statutory levy, and banning gambling ads during live sports.
The UK's Advertising Standards Authority (ASA) has banned a multi-platform advertising campaign by betting operator Midnite following 125 complaints. The ads, which ran in April and May 2026, depicted individuals experiencing minor tech failures, which the ASA found to imply that betting could offer an escape from everyday frustrations, thereby encouraging irresponsible gambling.
Italian Serie A club Lazio has terminated its record €22m shirt sponsorship deal with US prediction markets platform Polymarket by mutual agreement, effective immediately. This decision follows regulatory action taken against Polymarket by Italian authorities. The partnership had only recently been announced.