Evoke, the parent company of William Hill and 888, reported a 2% revenue increase to £1.78 billion for FY25. However, impairments from UK tax increases led to significant losses and increased debt, impacting the company ahead of a potential sale.
MGM China reported a 10% increase in net revenues to HK $8.8 billion ($1.15 billion) in Q1, despite a decline in VIP spending and VIP hold rate. This indicates a shift in revenue generation, likely towards mass-market segments.
Major US sports player unions (NFL, MLB, NBA, MLS, NHL) are urging the Commodity Futures Trading Commission (CFTC) to ban prediction markets based on negative outcomes or those easily manipulated by individual players. They argue these types of 'under bets' and 'mention markets' pose a threat to athlete integrity and player protection.
The University of Mississippi (Ole Miss) has launched a new center focused on collegiate gambling, addressing the growing concerns around student betting. This initiative comes amidst what is described as a 'Wild West' era for student gambling, highlighting the need for research and education on the topic.
An Indian national, Rahulkumar D. Patel, pleaded guilty to operating an illegal $7 million gambling business in Missouri. He and eight co-conspirators were indicted, having run the illicit operations under false pretenses.
New York is initiating a 10-year study to evaluate gambling behavior and treatment needs for problem gamblers. Concurrently, new legislation is progressing that will prevent gambling companies from recommending their own addiction support resources.
A South Korean lawmaker reported that the country's illegal gambling market has surged to an estimated $65 billion, expressing significant concern over the rising youth betting addiction. This highlights a critical challenge for regulators and policymakers in combating the expanding black market.
Japanese police reported a record high of 196 online casino-related arrests in 2025, a 38% increase from 2024. The National Police Agency also noted a nearly 300% rise in total cases to 158, indicating a significant crackdown on illegal online gambling in Japan.
Ukraine's gambling regulator, PlayCity, has revoked the license of online casino operator Spaceiks (Cosmolot) following an on-site inspection. The inspection revealed abnormalities in financial transactions, specifically allowing customers to engage in peer-to-peer payments, which violates regulatory rules.
Penn Entertainment's Q1 results showed an 11% stock increase, driven by strong online casino growth and a strategy to leverage land-based properties for digital promotion. While retail gaming at its 42 properties remains the primary revenue source, the company is prioritizing its casino business after previous sports betting challenges.
Tennessee lawmakers failed to pass legislation that would have explicitly banned sweepstakes casinos, leaving their legal status in a 'gray area.' The House and Senate could not agree on a bill to send to the Governor before the legislative session ended, effectively halting efforts to prohibit dual-currency online sweepstakes games.
The Commodity Futures Trading Commission (CFTC) has sued New York State to prevent it from taking action against federally licensed prediction market platforms. The CFTC argues that New York is overstepping its authority by enforcing state laws against entities regulated by the CFTC, and is seeking an injunction.
Wisconsin has filed a lawsuit against several prediction market platforms, including Polymarket, Kalshi, Coinbase, Crypto.com, and Robinhood, alleging they are illegally offering online sports wagering to residents. This action follows the state's recent legalization of online sports betting, indicating a proactive stance against unauthorized operators.
Caesars Entertainment is taking control of Westgate SuperBook, a move signifying the end of an era for the independent Vegas bookmaker. This acquisition by a major corporation like Caesars marks a significant shift in the Las Vegas betting landscape.
This article explores the ongoing debate surrounding prediction markets and whether they should be classified as trading platforms or gambling products. The classification is crucial as it directly impacts consumer protection frameworks and regulatory oversight within the iGaming and financial sectors.
A survey conducted by the Korea Gambling Problem Prevention and Treatment Center revealed that over half of school-aged children in two South Korean provinces have seen or clicked on illegal online gambling advertisements. This finding highlights a significant issue with underage exposure to gambling in the region. The high rate of exposure could prompt increased regulatory scrutiny and enforcement against illegal gambling operations targeting minors.
New information reveals that Israeli military personnel used insider knowledge to profit from war-related prediction markets on Polymarket. Two individuals, including a military reservist, have been indicted in this case, which was previously under a partial gag order.
An Indonesian man fabricated a violent mugging report to explain the loss of funds used for online gambling, leading to a police investigation in Kendari. This incident highlights a growing trend of deceptive behavior and social issues linked to gambling addiction within the Indonesian market.
Lawyers who recently achieved a significant victory against Meta and Google have now filed a new lawsuit against FanDuel and DraftKings in Massachusetts. This legal action targets sportsbooks, spearheaded by Jennifer Hoekstra, a partner at Aylstock, Witkin, Kreis & Overholtz, who was instrumental in the California social media case.
US lawmakers, including Rep. Raskin and Sen. Merkley, have introduced the STOP Corrupt Bets Act, a bicameral bill aimed at banning prediction markets on elections, war, and government activities. This move signals a growing legislative effort to restrict the event contract exchange sector due to concerns about their integrity and impact.
A bipartisan group of US Senators has introduced the Public Integrity in Financial Prediction Markets Act of 2026, which aims to ban government officials from participating in prediction markets. This legislative effort signifies a continued push against the prediction market sector, highlighting growing concerns about potential conflicts of interest.
Indonesian online gambling deposits have significantly increased after the Eid al-Fitr holiday for the second consecutive year, according to the Financial Transaction Reports and Analysis Center (PPATK). This surge, detected by the nation's anti-money laundering agency, highlights a growing trend in illegal online gambling activity following the religious observance.
A bipartisan bill has been introduced by Representatives Adrian Smith and Nikki Budzinski seeking to prohibit members of Congress and senior federal officials from trading on prediction markets. This legislative effort continues the trend of lawmakers attempting to regulate event contract exchanges in the United States.
Maine's Legislature has passed a bill, LD 2080, which bans the use of credit cards for sports betting and internet gaming. The legislation now awaits Governor Janet Mills' signature to become law, potentially impacting payment methods for operators in the state.