Vietnam Puts Former Officials on Trial in $107M Gambling Scandal Summary The Hanoi People’s Court has opened trial proceedings in a major illegal gambling case involving 141 defendants accused of running a high-stakes underground gambling ring centred on the King Club at Hanoi’s Pullman Hotel. Authorities say the operation moved nearly VND 2.6 trillion (reported […]
Entain Braces for Legal Battle in Australia over Alleged Compliance Failings Summary Australia’s financial intelligence agency, AUSTRAC, has taken civil action against Entain — the operator behind Ladbrokes and Neds — alleging breaches of the Anti‑Money Laundering and Counter‑Terrorism Financing (AML/CTF) Act between December 2018 and August 2024. The regulator identified 17 high‑risk accounts that […]
Proposed gambling tax hikes could cost 40,000 UK jobs and drive players to black market, new report finds Summary A new Ernst & Young (EY) report, commissioned by the Betting and Gaming Council (BGC), models the potential economic impact of the UK government’s proposed gambling tax changes ahead of the Autumn Budget. EY finds that […]
Stake and Drake accused of ‘quietly corrosive’ relationship Summary The relationship between Stake and rapper Drake is at the centre of a Missouri class-action lawsuit accusing the brand and its ambassadors (Drake and influencer Adin Ross) of promoting unlicensed, deceptive gambling to US consumers. Plaintiffs allege Stake.US operates as a real‑money casino disguised as a […]
Trump’s Truth Social To Launch Predictions With Crypto.com Summary Trump Media has announced Truth Predict, a predictions market built into Truth Social through an exclusive arrangement with Crypto.com Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse. The product will let users make markets on political elections, interest and inflation-rate moves, commodity prices (gold, crude), […]
Prediction market Polymarket plans token release and airdrop with US comeback | Yogonet International Summary Polymarket has confirmed it will launch a native token (POLY) and run an airdrop, but the rollout will wait until after the company completes its US relaunch through QCX, a CFTC‑regulated exchange the firm acquired in July 2025. The move […]
Gaming and Leisure Properties to acquire Live! Casino & Hotel Virginia site and fund construction Summary Gaming and Leisure Properties Inc. (GLPI) will acquire the real estate for the under-construction Live! Casino & Hotel Virginia in Petersburg and provide $440m in construction financing, in a transaction valued at $467m. GLPI will pay $27m for the […]
Arkansas adds to regulatory push against prediction markets with new AG opinion Summary Arkansas Attorney General Tim Griffin has issued Opinion No. 2025-073, concluding that platforms offering event-based contracts — for example Kalshi — would be operating illegally in Arkansas without the appropriate gambling licence. Griffin determined such prediction‑market activity meets the state’s definition of […]
Leap into safety: Frogo’s mission to convert losses into profit Summary Fraud in iGaming has surged — reported rises of more than 60% year-on-year — and many operators are losing double-digit percentages of revenue. Frogo, led by CEO Volodymyr Todurov, argues that fraud prevention should stop being a cost centre and become a profit enabler […]
Ontario First Nation continues legal challenge over casino revenue agreements Summary The Mississaugas of Scugog Island First Nation (MSIFN) has renewed legal proceedings against the Ontario government, alleging breaches in revenue-sharing agreements after the City of Pickering received almost CAD 3.8 million in third-quarter hosting payments linked to the Pickering Casino Resort. MSIFN argues the […]
