Nigeria’s president condemns Central Gaming Bill Author note Punchy: President Bola Ahmed Tinubu has drawn a firm line in the sand — a centralised federal gaming law is off the table. If you work in Nigerian iGaming, legal, or regulation, this is a decisive moment that reshapes who issues licences and who calls the shots. […]
Snuneymuxw First Nation to purchase Great Canadian Casino Vancouver Summary Petroglyph Development Group (PDG), wholly owned by Snuneymuxw First Nation, has signed a definitive agreement to buy Great Canadian Casino Vancouver in Coquitlam, British Columbia, from Great Canadian Entertainment. The acquisition is subject to customary closing conditions and regulatory approvals, including review under the Competition […]
Snuneymuxw First Nation to buy Great Canadian Casino Vancouver Summary Petroglyph Development Group (PDG), a wholly owned corporation of Snuneymuxw First Nation, has entered a definitive agreement to purchase Great Canadian Casino Vancouver in Coquitlam, B.C., from Great Canadian Entertainment. This is the fifth major casino acquisition for Snuneymuxw in the past 12 months, following […]
Soccer Players in Australia Receive Lengthy Bans For Fixing Matches Summary Football Australia has issued multi-year bans and fines after investigating match-fixing and gambling-related conduct involving several A-League players and associated individuals. Former Western United midfielder Riku Danzaki and amateur associate Yuta Hirayama were convicted for orchestrating a “yellow card” betting scheme: Hirayama placed wagers […]
DraftKings Launches New Predictions App and Enters Event Trading Market Summary DraftKings has launched a standalone app, DraftKings Predictions, enabling users to trade event-based contracts tied to real-world outcomes. The product is regulated by the Commodity Futures Trading Commission (CFTC) rather than state gambling authorities, allowing the company to offer contracts in 38 states. Initial […]
Will DraftKings’ entry into prediction market space trigger arms race for industry supremacy? Summary DraftKings has launched DraftKings Predictions, a standalone mobile and web product regulated by the US Commodity Futures Trading Commission. The platform will connect to multiple exchanges, starting with CME Group, and will offer event contracts across sports, global benchmarks and economic […]
Prediction markets could reach $1 trillion in annual volume by decade’s end, new report says Summary A new report from research firm Eilers & Krejcik projects prediction markets could trade as much as $1 trillion in annual volume by the end of this decade, driven largely by sports-related contracts and growing involvement from fintech platforms […]
Hot Copy: Defying the odds Summary The biggest thread in this round-up is a Play the Game investigation that says FIFA+ livestreams are being scraped by illegal betting operators to offer in-play wagers on hundreds of low-tier matches worldwide. Reporters using VPNs found more than 100 fixtures available for live betting over two weeks, from […]
Coinbase hits three states with lawsuits over prediction markets Summary Coinbase has filed lawsuits against the attorneys general of Michigan, Illinois and Connecticut, challenging state attempts to regulate or enforce actions against prediction market operators. The exchange says prediction markets are under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) and that state-level […]
Over half of Dutch players support means-tested financial limits Summary Arno Rutte, the Netherlands’ new secretary of state for legal protection, submitted four studies to parliament on 17 December to underpin planned gambling reforms. The reports examine player activity, mandatory limits, advertising and the quality of industry research. Rutte intends to fold the findings into […]
