G3 Newswire

    PAGCOR says regulatory framework must evolve with AI

    The Philippine Amusement and Gaming Corporation (PAGCOR) stresses the necessity for iGaming regulatory frameworks to evolve alongside rapid technological advancements, particularly artificial intelligence. PAGCOR aims to support innovation while ensuring a fair, responsible, and transparent market. This proactive stance reflects a growing industry-wide recognition of AI's impact on compliance and operations.

    Better Collective and Yahoo Sports partner to bring fans comprehensive sports betting coverage, data, and technology

    Better Collective and Yahoo Sports have announced a partnership to provide comprehensive sports betting coverage, data, and technology to fans. Yahoo Sports will integrate Better Collective's data and tech across its products and distribute select Action Network content within its betting hub. This collaboration aims to enhance sports betting understanding for a broad audience.

    Connecticut sends cease-and-desist orders to nine prediction markets

    Connecticut has issued cease-and-desist orders to nine prediction market operators, targeting illegal gambling activities within the state. Governor Ned Lamont and Consumer Protection Commissioner Bryan T. Cafferelli initiated these actions to curb unlicensed operations. This move follows an estimated $40 billion wagered on NFL games via prediction markets, highlighting increased regulatory scrutiny.

    ANJL protests exclusion from Brazil's government meeting on betting's social impact

    Brazil's National Association of Games and Lotteries (ANJL) has formally protested its exclusion from a government meeting convened by President Lula to discuss the social impacts of online sports betting. ANJL highlighted that no regulated industry representatives were invited, despite their significant role in the sector. The association emphasized the importance of industry input for creating effective and balanced regulations.

    IAGR highlights Responsible Gaming Education Month ahead of global regulatory discussions in Lima

    The International Association of Gaming Regulators (IAGR) is observing Responsible Gaming Education Month in September, emphasizing the critical role regulators play in player protection and advancing safer gambling practices. This initiative precedes global regulatory discussions in Lima, where topics like evidence-based player protection and self-exclusion will be examined across jurisdictions.

    Robinhood to stop offering sports-related event contracts in Michigan amid ongoing litigation

    Robinhood Derivatives has agreed to cease offering new sports-related event contracts to customers in Michigan and will close out existing positions by October 9th, following an agreement with the Michigan Gaming Control Board. This action comes amid ongoing litigation and makes Robinhood the second platform to withdraw such offerings from the state this year.