Deals & M&A
Bally’s faces financing pressure after Q2 earnings miss and going-concern warning
Bally’s debt and liquidity pressure, going-concern warning and Chicago casino financing challenges matter to investors assessing its financial position.
All news
Reports
Regulation
Betting sector prepares legal action against technology companies over allegedly illegal advertising
Technology companies face planned legal action from betting industry groups seeking an immediate stop to allegedly illegal advertising.
Enforcement & compliance
Connecticut orders nine prediction market companies to stop unlicensed sports betting
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Regulation
Stellar Gaming executive addresses Brazilian presidential candidates on regulated betting
Stellar Gaming’s institutional relations head addressed Brazil’s presidential candidates through an open letter about regulated betting.
Regulation
KSA chair calls for European action against illegal gambling
KSA’s chairman is calling for European action against illegal gambling amid Dutch gambling reform discussions.
Enforcement & compliance
SPA blocks over 66,000 betting domains and imposes R$18m in fines in Brazil
Brazil’s SPA prioritises action against illegal platforms, with enforcement including more than 66,000 domain blocks and R$18m in fines.
Enforcement & compliance
MP-BA files lawsuit against three companies over alleged illegal betting payments
Payment intermediaries face legal action as MP-BA alleges three companies facilitated payments for illegal betting platforms.
Enforcement & compliance
Connecticut issues nine cease-and-desist orders against prediction market operators
Prediction market operators face Connecticut cease-and-desist orders over alleged breaches of state gaming laws involving sports event contracts.
Enforcement & compliance
Connecticut takes enforcement action against nine prediction-market platforms
Nine prediction-market platforms face Connecticut enforcement action, a development relevant to operators and investors monitoring the sector.
Regulation
Italy’s land-based gambling reform stalls as regions raise problem-gambling funding concerns
Italy’s land-based gambling reform ended without a legislative decree as regions again raised problem-gambling funding concerns.
Regulation
US appeals court rejects Kalshi bid to pause Utah gambling enforcement
The ruling leaves Kalshi exposed to Utah gambling enforcement while its appeal continues.
Enforcement & compliance
German authorities raid suspected illegal gambling network handling $6.7bn in stakes
The German raids highlight enforcement against suspected online gambling operations evading licensing and tax requirements.
Regulation
Massachusetts regulator retains NCPG membership following Kalshi donation
MGC retains its National Council on Problem Gambling membership while leaving commissioners scope to revisit it at renewal.
Enforcement & compliance
German investigators raid suspected unlicensed betting network handling over €5.8bn
German enforcement against suspected unlicensed betting includes property searches and an asset seizure of approximately €82m.
Enforcement & compliance
Former Conservative campaign chief admits cheating in election betting case
Proceedings continue against 10 other defendants following a former Conservative campaign chief’s admission of cheating over election bets.
Regulation
DACHL gambling authorities meet in Bern to strengthen cooperation against illegal gambling
Gambling authorities from Germany, Austria, Switzerland and Liechtenstein focused on strengthening international cooperation against illegal gambling.
Regulation
Underdog sues five US states over prediction market restrictions
Underdog seeks to prevent regulators in five states from banning its prediction markets after surrendering seven states’ fantasy sports licences.
Regulation
DRC Finance Ministry orders gambling operators to register
Operators must register with the Finance Ministry, which warned against payments to unauthorised government departments.
Enforcement & compliance
Brazil’s MJSP notifies Apple and Google over unauthorised betting apps
Apple and Google face renewed ministry scrutiny because unauthorised betting apps remain available on their download platforms.
Regulation
FATF president urges action against illegal gambling operators
FATF’s guidance gives gambling operators indicators of money laundering and terrorist financing risks amid calls for stronger action.
Regulation
Iowa federal court rejects Kalshi's bid to block state gambling oversight
The denial leaves Kalshi without preliminary protection against Iowa's gambling oversight while litigation continues.
Regulation
Nassau court dismisses Garden City challenge to Hempstead casino rezoning
The dismissal ends Garden City’s attempt to annul the environmental review and rezoning while Sands seeks another party to assume its lease.
Regulation
Underdog sues five US states to protect sports prediction markets
Underdog seeks injunctions protecting its sports prediction markets after surrendering DFS licences in seven states during its shift towards prediction markets.
Regulation
US appeals court denies Kalshi emergency injunction in Utah
The denial removes a legal barrier for Utah enforcement against Kalshi's sports event contracts, raising compliance risk for prediction-market operators in restricted states.
Regulation
Iowa federal judge rejects Kalshi injunction request over gambling enforcement
Kalshi failed to secure preliminary protection against Iowa gambling enforcement targeting its sports event contracts.