G3 Newswire

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    Lula signals tougher action on betting in Brazil

    Brazilian President Luiz Inácio Lula da Silva has indicated the government may implement tougher measures on online betting following concerns raised by civil-society groups regarding gambling-related debt, addiction, and household losses. This signals potential regulatory shifts in the recently regulated Brazilian iGaming market.

    FINTRAC imposes an administrative monetary penalty on Nova Scotia Gaming Corporation

    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.

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    Euromat research shows value of Europe's illegal online gambling market has tripled in six years to €12bn

    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.

    The future of Brussels' casino is in doubt as the Council of State suspends the award to Napoleon Games

    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.

    AGA estimates $29.5bn in legal NFL betting with growth flat due to backdoor sports betting on prediction markets

    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.

    Primero Games buys Win Systems' gaming division

    Primero Games has acquired the Gaming Division of Win Systems, including its Gold Club electronic-roulette business. This acquisition expands Primero Games' product offerings to include slot and electronic-roulette products, manufacturing capabilities, and an installed base of over 3,000 gaming positions across Latin America and the Caribbean.

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    New Jersey Attorney General files petition in the Supreme Court to stop Kalshi offering sports betting

    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.