Pennsylvania lawmakers pursue prediction market regulation through HB 2711
Operators face proposed Pennsylvania prediction market regulation that would require neither taxes nor licences while permitting sports event contracts.
All news
Reports
CFTC faces court pressure as prediction market disputes continue
Court pressure on the CFTC and approaching geofencing deadlines give gambling industry investors regulatory developments to monitor.
ISJ and MAGLA explore regulatory memorandum for Angola and Malawi
Gaming regulators in Angola and Malawi are exploring a memorandum of understanding following discussions of gaming and lottery regulation.
Chamber considers request to debate illegal betting advertising on social media
The motion brings social media promotion of illegal betting websites before the Chamber for potential debate.
NGCB seeks $120,000 daily fine against Kalshi over alleged Nevada noncompliance
Kalshi faces requested $120,000 daily fines over disputed compliance with a deadline to block specified bets in Nevada.
Penn Entertainment plans $195m relocation of New Orleans casino
Penn Entertainment’s planned $195m casino relocation requires Louisiana Gaming Control Board approval, making regulatory consent a condition for construction.
Kansas casinos increase July revenue 3.2% to $37.3m
Investors can see Kansas casino revenue growth was supported by rising slot revenue despite falling table-game revenue.
CreedRoomz launches Crypto Market simulator with payout up to 99%
CreedRoomz’s launch adds speculative market mechanics to its iGaming offering, with an advertised payout of up to 99%.
Results
Macquarie reiterates DraftKings Outperform rating after second-quarter results
Beynon’s assessment gives investors a view of DraftKings’ prediction market growth alongside its core business performance.
ANJL holds seminar on challenges for Brazil’s regulated betting sector
The seminar brings industry representatives into discussions on tax and regulatory challenges affecting the regulated betting sector.
Legislative proposal seeks national referendum on online betting in Brazil
The proposal would let Brazilian voters decide the future of sports betting and online gaming through a national referendum.
Brazilian betting operators generate R$20.07bn in first-half gross revenue
For investors, R$20.07bn in first-half gross revenue measures the scale of Brazil’s regulated betting operators.
Nevada seeks daily fines against Kalshi over geofencing compliance
Kalshi faces potential daily fines as Nevada disputes compliance with the court-imposed geofencing deadline.
Washington court bars Kalshi sports contracts while allowing financial markets
Kalshi must introduce customer controls by 19 August and GeoComply screening by 2 September under Washington’s amended injunction.
JPMorgan reportedly ends Polymarket banking services over regulatory concerns
The reported termination suggests regulatory concerns could affect Polymarket’s access to banking services, although Polymarket says its broader JPMorgan relationship remains active.
New Jersey gaming revenue reaches $678.1m in July, up 11.9%
For investors, internet gaming contributed $276.9m to New Jersey’s $678.1m July gaming revenue, which rose 11.9% annually.
Brazilian government changes Caixa lottery rules and shifts draws to Sundays
Caixa lottery retailers across Brazil face rule changes that move draws to Sundays.
Results
Bally’s reports $792.2m Q2 revenue and warns of financing needs
Bally’s expects additional financing needs to meet liquidity and leverage requirements, with disposals, equity and borrowing under consideration.
Results
Bally’s Intralot reports €34m UK tax impact on Q2 EBITDA
For investors, the UK tax increase reduced Bally’s Intralot’s Q2 EBITDA by €34m amid slower-than-expected UK market consolidation.
Connecticut judge rejects Kalshi’s emergency injunction request
Kalshi remains without its requested emergency injunction during appeal after the judge rejected reliance on the CFTC order.
GCGRA signs cooperation agreement with Abu Dhabi financial regulator
The memorandum commits the UAE gaming authority and Abu Dhabi's financial regulator to strengthened cooperation.
Acquisition
Fortuna Entertainment completes TOPsport acquisition to enter Lithuania
Fortuna Entertainment enters Lithuania through TOPsport’s acquisition as the gambling market records 16.8% year-on-year growth.
NWGB and SAPS inspect illegal gambling operations in Matlosana
Illegal gambling operations in Matlosana face increased enforcement through joint inspections by gambling authorities and police.
Australian government proposes online gambling advertising opt-out funded by operator levy
Operators would fund a proposed system allowing consumers to reject online wagering advertising through a levy.
Appointment
Jaime Vives Pinedo takes over Coljuegos presidency in Colombia
Coljuegos’ new president assumes oversight of authorised operators, illegal gambling enforcement and monitoring gambling revenue that funds healthcare.