Robinhood and Susquehanna take majority stake in exchange platform LedgerX Summary Robinhood Markets and Susquehanna International Group have agreed to acquire a 90% stake in LedgerX from Miami International Holdings (MIAX), forming a joint venture to operate a futures and derivatives exchange and clearinghouse. MIAX will retain a 10% stake. LedgerX — previously part of […]
Polymarket gains CFTC approval to operate regulated US prediction market Summary Polymarket has secured an Amended Order of Designation from the Commodity Futures Trading Commission (CFTC) that allows it to operate an intermediated contract market platform in the United States. The authorisation lets the firm onboard US customers and brokerages directly, collaborate with futures commission […]
Higher UK gambling taxes to drive spending reductions, workforce changes Summary The UK autumn budget will sharply raise remote gambling taxes, with remote gaming duty (RGD) jumping from 21% to 40% from April 2026 and remote general betting duty rising to 25% in April 2027 (up from 15%), with some exemptions. Major operators warn of […]
Lap of luxury Summary Hann Reserve is a 450-hectare eco-luxury golf and lifestyle estate being developed on the edge of the Zambales mountain range in the Philippines. Designed as the country’s first integrated eco-luxury golf destination, it blends three championship golf courses, luxury residences, high-end gaming, world-class dining and retail, an international school for 2,000 […]
UK to nearly double online gaming duty as Rachel Reeves’ budget targets gambling sector Summary Chancellor Rachel Reeves has announced a major tax overhaul for the UK gambling industry. Remote Gaming Duty (RGD) will rise from 21% to 40% from April 2026, and a new General Betting Duty on online sports bets will increase to […]
Investment market: Why companies are looking for partners rather than money | Yogonet International Summary At SIGMA Rome RedCore’s Investments team came away with a clear view: startups and scale-ups in iGaming are increasingly seeking partners who bring operational expertise rather than just capital. Key takeaways included that while almost every company mentions AI, only […]
Ontario’s iGaming market posts new monthly highs with $6.56 billion wagered last month Summary Ontario’s regulated iGaming market hit record levels in October, with player wagers reaching CA$9.25 billion (US$6.56 billion) — an 8% rise from September and 24% up year-on-year. Online casino games drove most activity, while sports betting also climbed. Gross revenue and […]
Finland to introduce licensing system for online gambling in 2027 | Yogonet International Summary Finland plans to end its state online gambling monopoly and introduce a partial licensing system from 2027. The reform (legislative draft HE 16/2025 vp) targets online casino games and betting, while keeping the national lottery and physical slot machines within Veikkaus […]
Increased gambling tax rates blasted as ‘hammer blow’ to UK industry Summary Remote gaming duty will rise from 21% to 40% and a new general betting duty on remote betting profit will increase from 15% to 25% (the latter to be introduced in April 2027). The changes were confirmed in the autumn budget and will […]
Exclusive: Play 971 becomes first licensed iGaming site in the UAE Summary Play 971 has gone live in the UAE and bills itself as the first fully licensed, regulated iGaming site in the country under a licence from the General Commercial Gaming Regulatory Authority (GCGRA). The site, operated by Coin Technology Projects LLC and linked […]
