Nevada Gaming Control Board warns gaming operators away from sports events contracts Summary The Nevada Gaming Control Board, via Chair Mike Dreitzer, has issued a formal notice warning holders of gaming licences and their affiliates to avoid offering or partnering on sports-event contracts (often called prediction markets) unless they meet Nevada’s gaming requirements. The Board […]
Resorts World New York raises the stakes with fresh promises Summary Resorts World New York (a Genting Group subsidiary) has submitted a supplemental application to the New York State Gaming Facility Location Board, pledging an extra $2bn in community benefits for an expansion of its existing slots-only venue at Aqueduct Racetrack in Queens. That commitment, […]
Board Notice to Licensee Summary The Nevada Gaming Control Board has issued Notice #2025-77 clarifying that so-called “sports event contracts” — and certain other event-based contracts — are considered wagering under NRS 463.0193 and 463.01962. The Board says this applies regardless of whether the contract is listed on a CFTC-regulated exchange or elsewhere. Examples include […]
Rising tax pressures threaten Brazil’s legal betting industry as illegal operators gain ground, IBJR warns | Yogonet International Summary The Brazilian Institute for Responsible Gaming (IBJR) warns that proposals to raise taxes on licensed betting platforms — including plans that could double current rates — risk undermining Brazil’s newly regulated betting market. Higher tax burdens […]
Japan plans tech and tourism hub around upcoming $3.9 billion MGM Osaka resort Summary Japan is repositioning Yumeshima, an artificial island in Osaka, as a high‑tech tourism and innovation district anchored by MGM Osaka, a JPY28 billion (about $3.92 billion) joint venture between MGM Resorts International and Orix Corporation. Scheduled to open in 2030, the […]
PrizePicks Secures Licence to Operate Fantasy Sports in New York Summary PrizePicks has been awarded an interactive fantasy sports operating licence by the New York State Gaming Commission, allowing the company to launch its peer-to-peer daily fantasy sports (DFS) product in the state. New York becomes the 16th jurisdiction to recognise PrizePicks’ contests as games […]
Control Board warns gaming companies to avoid prediction markets Summary Nevada gaming regulators have issued a firm warning to licensed gaming operators: do not partner with event prediction markets. Chairman Mike Dreitzer released a two-page industry notice titled “Sports Event Contracts are Wagers” that spells out the Control Board’s view that certain prediction contracts (naming […]
Nevada Regulators Warn Licensees About Predictions Summary The Nevada Gaming Control Board (NGCB) has issued a memo from Chairman Mike Dreitzer warning Nevada licencees against offering sports predictions. The NGCB says prediction markets and other “event contracts” based on sporting outcomes — and even non-sport events like the Oscars, esports or political elections — may […]
Rank, Entain and Kenya: an education in gambling tax Summary This article reviews industry responses to looming UK tax changes and contrasts them with international examples. Major operators Entain and Rank warned that higher gambling taxes risk shrinking the regulated market, costing jobs and driving customers to the black market. BetMGM flagged unregulated prediction markets […]
Qzino Affiliate Program: Daily profit sharing and tokenized rewards Summary Qzino is launching an affiliate programme for its crypto-iGaming platform (full launch expected in autumn 2025) that reworks traditional CPA/RevShare models. The platform plans to offer 10,000+ games, sports and esports betting, an in-house token and provably fair crypto mechanics. The standout feature is a […]
