Novig and Underdog grow prediction market business through combos
Parlay-equivalent combos are driving growth in Novig’s and Underdog’s prediction market businesses.
All news
Reports
MGC investigates Bill Simmons over proxy betting in Massachusetts
The MGC’s investigation places Simmons’ repeated wagering through another person’s FanDuel account under regulatory scrutiny.
Fine
FINTRAC fines government gaming corporations in New Brunswick and Nova Scotia
The penalties expose provincial government gaming corporations to enforcement by Canada’s anti-money laundering watchdog.
Acquisition
Wohl & Fruchter examines proposed $17.6bn Caesars takeover
Renewed examination by Wohl & Fruchter concerns Fertitta Entertainment’s proposed Caesars acquisition at $31 per share.
Caesars denies data exposure amid FBI investigation into 153 million stolen ID scans
Caesars and Circa share identity-verification supplier IDScan.net, while Caesars denies data exposure amid the FBI investigation.
Pragmatic Play partners with Kevin Hart for live casino event
Pragmatic Play’s partnership with Kevin Hart brings the actor and comedian into a live casino event planned for November.
Executive changes at Crypto.com’s CDNA
Personnel developments span Hard Rock Digital, IAGR and Crypto.com’s CDNA, where further executive changes were reported.
Papaya records app download growth following deceptive advertising verdict
Papaya’s rising app downloads show continued consumer uptake following a federal court verdict penalising deceptive advertising.
pre-seed
ParlayX raises $1.25m for institutional prediction markets expansion
ParlayX’s pre-seed funding supports plans to add platform integrations and expand institutional prediction market operations.
7K Bet adds three Brazil-inspired games to online casino
7K Bet’s three exclusive games advance its strategy of developing customised, brand-reflective products drawing on Brazilian culture.
Brazilian Senate committee backs report preserving betting funds for sport
The commission’s approved report preserves betting company funding for Brazilian sport following reported pressure from industry organisations.
Brazilian Federal Court rejects Spribe motion and maintains preliminary injunction
Spribe’s rejected clarification request leaves the earlier preliminary injunction in place.
Mindway AI partners with Gaming1 to deploy GameScanner on Circus.nl
GameScanner’s deployment on Circus.nl will connect behavioural analysis with Gaming1’s responsible gambling framework and intervention capabilities.
HKJC increases racing and football betting turnover by 3.6%
HKJC recorded turnover growth across racing, football betting and its Mark Six lottery, extending the increase across all three activities.
Kangwon Land CEO plans faster $2.21bn K-HIT resort transformation
Kangwon Land’s chief executive plans faster delivery of its $2.21bn resort transformation alongside regulatory reform and AI safeguards.
TGA discusses Tanzania gaming regulation with PwC
The Tanzania Gaming Association’s meeting with PwC addressed issues affecting operators and Tanzania’s regulatory environment.
Anand Shah pleads guilty over illegal betting operation in New Jersey
Shah’s guilty plea concerns unlawful sportsbook and poker operations involving Lucchese crime family members.
Brazilian senators support proposals to dismantle online gambling framework
Senators’ proposals target the commercial structure underpinning Brazil’s regulated online gambling ahead of October elections.
Licence
EGT secures UAE licence to supply land-based gaming products
The licence gives EGT a route into the UAE's licensed land-based supply chain as the market opens to regulated operators.
AGR and aPAL question Subtel over betting website blocks in Chile
Subtel’s betting website blocks face questions from two industry associations, AGR and aPAL.
Brazilian Senate committee advances bill restricting sports betting advertising and sponsorship
Sports betting operators could face a strict advertising and sponsorship ban under the bill approved by Brazil’s Senate commission.
Brazil faces record underage gambling levels
Record gambling among children raises protection concerns in Brazil, described as the world’s fifth-largest betting market.
FanDuel introduces Rewards Club and extends Bet Protect+ to NFL player props
FanDuel’s monthly loyalty tiers reward wagering, while expanded NFL player prop protection costs an additional 3% of the wager.
Michigan court orders Kalshi to block access to sports contracts
The preliminary injunction requires Kalshi to restrict Michigan users’ access to sports contracts.
AMIG calls for industry involvement in Brazilian government discussions
AMIG's request seeks a role for the gambling industry in government discussions.