New York Attorney General Letitia James is suing prediction market Kalshi, accusing it of operating as an illegal gambling platform within the state. The lawsuit aims to permanently bar Kalshi from offering its services in New York and seeks financial penalties.
IG Group Holdings has announced its acquisition of Underdog Sports Holdings, a prominent U.S. daily fantasy sports and prediction markets operator. The deal is valued at approximately $1.3 billion, signifying a major expansion for IG Group in the North American market.
Churchill Downs Incorporated is set to acquire a 49% stake in United Tote Company from the New York Racing Association (NYRA). United Tote specializes in manufacturing and operating pari-mutuel wagering systems for various betting facilities.
Esports betting provider Oddin.gg has secured approvals to operate in Kansas and Wyoming, expanding its North American presence to ten jurisdictions. This allows the company to supply its esports betting products to licensed operators in these new states.
Novig has become the exclusive official prediction market partner of the New York Mets, marking the first partnership of its kind between a Major League Baseball franchise and a prediction market company. This collaboration signifies a novel integration of prediction markets into mainstream sports. The deal could pave the way for similar partnerships across MLB and other major sports leagues.
Sarah Fox is being seconded from the Department for Digital, Culture, Media and Sport (DCMS) to the UK Gambling Commission. She will lead the Commission's Policy and Research and Statistics functions, as well as National Lottery regulation, indicating a significant appointment for a key regulatory body.
Evolution Malta Holding Limited has been fined £4.75 million by the UK Gambling Commission (UKGC) after an investigation found its games were accessible on six unlicensed websites in Great Britain. This settlement highlights the ongoing efforts by the UKGC to ensure licensed operators prevent their games from being offered on illegal platforms.
Lottery.com is transitioning to an affiliate-only business model under SEGG Media. This strategy aims for the company to partner with licensed lottery operators globally in regulated markets, signaling a significant shift in its operational approach.
ProphetX, a federally regulated prediction market operator, has secured $35 million in funding to expand its exchange, enhance institutional offerings, and meet growing demand for event contracts. This investment aims to scale operations and strengthen its position in the prediction market industry.
The Massachusetts Lottery has officially launched its online platform, allowing residents aged 21 and older to play via digital devices. Proceeds from online play will be allocated to support early childhood education grants.
Better Markets has criticized the CFTC's event contracts proposal, claiming it deviates from congressional intent. The organization warns that the proposal could inadvertently encourage an increase in insider betting across sports, political contests, and other public events.
Fanatics has brought its prediction market operations in-house through a deal with BGC Group, enabling it to directly list and clear prediction market contracts. This move is aimed at strengthening Fanatics' presence in the growing event trading sector.
Kalshi, a betting exchange that allows users to wager on the outcome of future events, has agreed to cease operations in Nevada following an announcement from the Nevada Gaming Control Board. This decision resolves a dispute regarding the legality of Kalshi's offerings within the state's regulatory framework.
Vectiq has acquired PlayCanada.com, a prominent and long-standing iGaming media platform in Canada. This acquisition expands Vectiq's presence in the Canadian market, covering various iGaming segments across major provinces.
A new bill has been introduced this week with the objective of banning sports prediction markets. This marks another legislative attempt to regulate or prohibit these types of betting activities.
A Victorian gambling operator has been fined $75,000 for allowing a self-excluded customer to gamble due to system failures. This case highlights the critical importance of robust self-exclusion protocols within the gambling industry.
Jim Townsend has been appointed as the new Chair of the Michigan Gaming Control Board. He will lead the current board members, including Joni M. Thrower Davis, Mark Evenson, Deidre A. Lambert-Bounds, and Andrew T. Palms, in overseeing Michigan's gaming industry.
Nevada Representatives Steven Horsford and Mark Amodei have introduced a new House bill aimed at prohibiting sports prediction market contracts. They argue that these markets pose a threat to state-regulated sports betting operations and could negatively impact gaming employment in the state.
Michigan's online sports betting handle saw a 20% decrease from May to June 2026, totaling $366.1 million. This dip suggests a seasonal slowdown or market fluctuation in the state's iGaming sector.
Jim Ananich has resigned as Chair of the Michigan Gaming Control Board. He was appointed by Governor Gretchen Whitmer in April 2025 for a term scheduled to end on December 31, 2028.
Hard Rock Bet has officially launched its online casino platform in Ontario, offering a selection of over 3,000 games from various providers. This move marks their entry into the regulated Canadian iGaming market.
The National Indian Gaming Commission reported a record-breaking $46.2 billion in gross gaming revenue for FY 2023, marking a $2.3 billion or 5.3% increase from FY 2022. This figure underscores sustained growth and robust performance within the Indian gaming sector.
Australian gambling operator TAB has been fined AUD$2.7 million by the Australian Communications and Media Authority (ACMA). The penalties were issued for repeated breaches of spam and telemarketing laws, highlighting regulatory scrutiny over marketing practices in the industry.
1xBet suggests that for international operators, the primary challenge is no longer market entry but consistently delivering high-quality products. They emphasize the increasing importance of global regulation in shaping this new operational standard for international brands.
Pennsylvania's gambling industry achieved a record-breaking gross revenue of over $7 billion in Fiscal Year 2025/2026. This all-time high was generated across various segments including casino slots and table games, iGaming, sports wagering, VGTs, and fantasy sports.