Kalshi seeks rehearing after appeals court backs tribal injunction in California
Kalshi faces continued legal challenges after an appeals court backed tribes’ preliminary injunction and found their claims likely to succeed.
All news
Reports
Acquisition
Caesars shareholders approve Fertitta Entertainment acquisition proposal
Caesars investors have approved the proposed acquisition by Tilman and Paige Fertitta, advancing the purchase of the casino operator.
Senator John Curtis requests investigation into Trump Jr.'s prediction market connections
Kalshi and Polymarket face a requested Senate examination of whether presidential family connections enabled financial gain or privileged access.
Connecticut DCP orders nine prediction platforms to halt sports contracts
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
Acquisition
Caesars shareholders approve Fertitta Entertainment acquisition for $17.6bn
The acquisition would take Caesars private, but shareholder approval leaves regulatory and other closing conditions outstanding.
NCPG describes prediction markets as gambling regardless of legal classification
Prediction market operators fall within NCPG’s assessment of gambling regardless of their legal classification.
ANJL warns online casino ban could double Brazil’s illegal market
Brazilian regulators face a study warning that banning licensed online casinos could double the illegal market.
Mexican Football Federation takes Kalshi to court over Liga MX branding in New York
The federation seeks court orders that would restrict how Kalshi identifies Liga MX event contracts.
Manatee County commissioners approve ordinance targeting unauthorised gambling devices in Florida
Manatee County’s ordinance targets unauthorised simulated gambling devices as regulators report some operators resuming activity after raids.
CFTC warns prediction market exchanges about manipulation risks in mention markets
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.
Dutch regulator clarifies rules for closing gambling accounts
Operators must make account closure easy and return remaining balances without undue delay or conditions.
Source: KSA (Netherlands)
Tim Miller targets illegal gambling through new consultancy
Operators and regulators have a new consultancy targeting illegal gambling, while Miller cautions against repeated tax increases and blanket prohibitions.
PAGCOR’s Alejandro Tengco outlines update on separating regulatory and operating roles
The update concerns the separation of PAGCOR’s responsibilities as gambling regulator and operator.
Penalty
CNS imposes €20,000 penalty on French betting operator for asset-freezing breaches
The decision holds operators and senior executives accountable for failures to enforce asset-freezing obligations and notify the economy minister.
UBS estimates Macau daily casino revenue falls 14% in early September
Macau investors face revenue below market expectations, with UBS checks indicating a monthly decline apparently driven by premium segments.
Australian watchdog imposes 18-month enforceable undertaking on Palmerbet over self-exclusion breaches
Palmerbet faces an 18-month court-enforceable undertaking over self-exclusion breaches, making compliance an enforceable obligation.
NGB partners with Advertising Regulatory Board on gambling advertising oversight in South Africa
The partnership aims to strengthen oversight of gambling advertising, with implications for operators' marketing.
Source: National Gambling Board (SA)
The Hague court leaves Leiden snack bar’s gaming machine refusal in place
The court’s decision leaves the refusal of two gaming machines in place amid disagreement over the premises’ classification.
Aristocrat Interactive licenses Buffalo and Mo’ Mummy brands to Gaming Realms
Gaming Realms can develop Slingo versions of Aristocrat’s Buffalo and Mo’ Mummy under the licensing agreement.
iGaming Ontario supports RGC tour promoting BetGuard across 40 Ontario campuses
The expanded tour gives students at more Ontario campuses access to information about BetGuard and gambling support resources.
Source: iGaming Ontario
Pennsylvania Gaming Control Board bars 11 people from gambling
The exclusions restrict the affected individuals from gambling at Pennsylvania casinos, regulated online betting sites and VGT locations.
DraftKings CEO says company can benefit under either sports prediction market outcome
Investors have Robins’s assessment that DraftKings could benefit whether sports prediction markets continue operating or face court restrictions.
Polymarket seeks financial product recognition from European regulators
Polymarket seeks financial regulation instead of individual countries’ gambling laws, making product classification central to its European regulatory position.
Appointment
IGT names Jamie Knight chief studios officer
The appointment places Knight in charge of studio priorities, game mechanics and mathematical modelling across IGT and Everi teams.
Kalshi faces scrutiny over reported Ethereum trading volume
The disparity between Ethereum turnover and open interest raises questions for investors assessing Kalshi’s reported trading activity.