Where UK gambling tax ranks amongst global markets Summary The UK’s autumn budget under Rachel Reeves massively raises tax on the regulated gambling sector, with remote gaming duty jumping from 21% to 40% from April 2026 and general betting duty rising to 25% from April 2027. The move puts the UK among the highest-taxed European […]
Nevada judge reverses course, orders Kalshi to halt operations in the state | Yogonet International Summary A US district judge in Nevada, Andrew Gordon, has dissolved Kalshi’s preliminary injunction that had prevented Nevada from enforcing a March cease-and-desist order against the prediction market operator. The judge rejected Kalshi’s argument that registration with the Commodity Futures […]
NBA coach Billups pleads not guilty in Mafia-tied criminal poker case Summary Chauncey Billups, the suspended Portland Trail Blazers coach and 2024 Basketball Hall of Fame inductee, pleaded not guilty at a Brooklyn arraignment to charges that he profited from a rigged poker scheme allegedly backed by New York organised crime families. He faces federal […]
Allwyn reveals Q3 growth ahead of OPAP merger Summary Allwyn International posted a 4% year‑on‑year rise in total revenue for Q3 of FY2025 as it prepares to merge with OPAP to form a €16 billion group. CEO Robert Chvatal expects further growth in 2026 and beyond, driven by a move to a single consumer‑facing Allwyn […]
UK sector hit with 40% remote gaming duty, new remote betting tax from 2027 Summary The UK government will raise the remote gaming duty from 21% to 40% from April 2026. A new general remote betting duty of 25% (up from 15%) will apply from April 2027, but only to online betting profits and excluding […]
Major Australian race-fixing case uncovered through wagering analysis: Report | AGB Summary New research published by the IFHA Council on Anti-Illegal Betting & Related Crime and authored by Racing Victoria’s Brent Fisher details a major race-fixing scheme uncovered through wagering analysis. Between April and August 2022 a professional punter — using multiple accounts, including nine […]
The Duffers’ Road From Rejection to Mega Success Summary Matt and Ross Duffer went from university spec scripts and more than a dozen network rejections to creating Stranger Things — a global, multigenerational phenomenon that defined an era of streaming. After persistent pitching and a pivotal champion in producer Shawn Levy, Netflix gave them creative […]
Brazil’s Mulled Tax Hike Doesn’t Sit Well with IBJR Summary The Brazilian Institute of Responsible Gaming (IBJR) has warned that a proposed increase in the gross gaming revenue (GGR) tax from 12% to 24% would substantially raise the tax burden on licensed operators. With an existing BRL 30 million licence fee and other charges, the […]
Robinhood & Susquehanna to Launch New Exchange Summary Robinhood and Susquehanna International Group have announced a joint venture to launch a CFTC-licenced exchange and clearinghouse focused on prediction markets, futures and derivative products. Robinhood will be the controlling partner and provide retail distribution, while Susquehanna will act as a day-one liquidity provider. The venture plans […]
Allwyn’s Q3 Profitability Was Strong Despite Setbacks Summary Allwyn International published its unaudited Q3 report showing solid top-line growth but pressure on margins. Total revenue reached EUR 2.2 billion (up 4% year‑on‑year), with gaming GGR at EUR 2.1 billion (up 5%). Net revenue rose to EUR 1 billion (up 5%). However, operating EBITDA fell to […]
