Arizona aims to shut down Underdog Fantasy over predictions Summary The Arizona Department of Gaming (ADG) has issued a formal Notice of Violation and threatened to revoke Underdog Sports, LLC’s fantasy contest licence over the company’s involvement with prediction markets. ADG says designated contract markets (DCMs) such as Crypto.com have been selling event contracts to […]
Prediction Markets Form National Coalition As Legal Battles Escalate Summary A new Washington-based trade group, the Coalition for Prediction Markets, has been launched by Kalshi and Crypto.com with founding members that include Robinhood, Coinbase and Underdog. The coalition wants federal oversight by the Commodity Futures Trading Commission (CFTC) and aims to push back against multiple […]
Finland iGaming bill passes final hurdle in parliament, law to take effect in January Summary Finland’s parliament has approved a landmark iGaming reform that ends the country’s long-standing monopoly and opens the market to licensed operators. The bill passed by a large majority (158–9) after the Administrative Committee amended earlier drafts. The new law takes […]
How 2025 became the year US states turned against sweepstakes casinos Summary In 2025 multiple US states moved decisively against dual-currency sweepstakes casinos that mimic online casinos and sportsbooks. Major markets including New York and California passed blanket bans and state attorneys general and gaming regulators issued dozens — in many cases hundreds — of […]
Paddy Power Betfair to pay £2 million over UK social responsibility failures Summary Paddy Power Betfair has agreed to a £2 million regulatory settlement after the Gambling Commission found systemic social responsibility and customer interaction failings across four remote operators owned by the business. Failings related to detection and timely intervention for signs of gambling […]
S&P Global revises Genting Group outlook to negative with spending seen outpacing earnings Summary S&P Global Ratings has changed the outlook for Genting Group companies to negative, citing that planned high-cost expansion and acquisitions will likely see capital spending outpace incremental earnings over the next five years. While S&P affirmed existing issuer and issue ratings […]
Soo Kim named new Chairman of Star Entertainment Group as Bruce Mathieson Jr transitions to CEO Summary Australia’s Star Entertainment Group has reshaped its top leadership following a rapid run of changes. Soo Kim, chair of Bally’s Corp, has been appointed Chairman of Star’s board. Bruce Mathieson Jr, who had been serving as Chairman for […]
Swedish Gambling Operators Unite Against Proposed Tax Reforms Summary Senior executives from 13 major Swedish gambling operators have sent a joint letter to the Ministry of Finance opposing a proposed rewrite of the gambling tax framework. The suggested reform — backed by horse-racing operator ATG and modelled on recent UK changes — would lower the […]
New York Regulators Greenlight Final Bids in Casino License Race Summary New York State regulators have approved the final three casino proposals that will proceed toward full licencing: Steve Cohen’s Metropolitan Park near Citi Field (Queens), Bally’s planned casino in the Bronx, and Resorts World New York City’s expansion at Aqueduct Racetrack (Queens). The New […]
Finnish Government Approves New Gambling Framework Summary The Finnish parliament approved a proposed gambling framework at second reading with 94% support and has sent it to the president for final sign-off. If signed, the reform will end Finland’s gambling monopoly and introduce a competitive, regulated market due to go live on 1 July 2027, giving […]
