Florida casino inspection becomes focus of federal corruption investigation
Investors should note a 2022 inspection found slot-style digital machines central to a federal corruption investigation.
All news
Reports
tastytrade launches event contracts using Apex infrastructure
Investors should note tastytrade launched CFTC-regulated prediction contracts using Apex Fintech Solutions' clearing infrastructure.
Pennsylvania refers prediction market bill to consumer protection committee
Regulators should note Pennsylvania referred a bill permitting sports event contracts within a regulated prediction market framework to committee.
Kalshi agrees Nevada geofencing restrictions
Operators should note Kalshi agreed with the NGCB to geofence Nevada and stop offering sports contracts there.
IRS yet to issue prediction market tax guidance for 2026
Absent IRS guidance, prediction market winnings could fall under gambling income, capital gains or Section 1256 treatment.
Oregon Lottery proposes alternatives to retailer contract termination
The Oregon Lottery proposal would cut some serious violators' compensation instead of ending their contracts.
Source: Oregon Lottery (OR)
Kalshi challenges Netflix documentary trailer over alleged Nevada wager
The dispute highlights Kalshi’s Nevada trading restrictions, continued trading after an order and commitment to geofence the state.
Acquisition
Fanatics agrees to acquire BGC Group prediction market businesses
The proposed acquisition would give Fanatics ownership of exchange and clearing infrastructure for its prediction market offering.
Canada gambling revenue reaches CA$15bn as participation falls
Revenue reached CA$15bn while participation fell, concentrating operator exposure on spend per customer.
Italian senators propose opposing changes to betting advertising rules
The competing Senate bills would push Italian betting advertising regulation in different directions.
Ribeirão Preto prohibits betting advertising in public-access spaces
The decree restricts betting-brand visibility across public and shared-access venues.
Robinhood discusses event contract distribution with Crypto.com
A completed deal would add another contract supplier to Robinhood’s prediction market offering.
Polymarket challenges ANJ website blocking in French courts
Polymarket challenged ANJ's website blocking, disputing whether event contracts are financial instruments or unauthorised gambling.
EveryMatrix argues unified gamification is strategic need for LatAm operators
Operators weighing retention spending should note the supplier's argument that disconnected bonus, mission, loyalty and tournament tools limit personalisation and raise operational complexity.
ProphetX and Players' Lounge launch sports prediction markets in the US
The partnership adds exchange-based sports contracts to Players' Lounge for eligible users in supported US jurisdictions.
Pennsylvania lawmakers propose prediction-market rules that retain sports contracts
Prediction-market providers may face new state rules, restrictions and penalties if Pennsylvania passes the bill.
CFTC division clarifies event contract self-certification procedures
Event contract market operators may need to adjust how they submit related contracts for certification or approval.
Robinhood discusses Crypto.com prediction market integration
Investors should note Robinhood and Crypto.com are discussing bringing Crypto.com event contracts onto Robinhood's platform.
Kalshi agrees third-party geofencing for Nevada
Operators should note Kalshi must use GeoComply to exclude Nevada users from specified event contracts by 12 August.
Spielbank SH and ver.di agree 7.5% pay rise over 26 months
The wage deal sets staffing costs for a state casino operator while the sector faces structural change and tighter oversight.
Novig files sports event contract plans with CFTC
Operators should note Novig filed plans with CFTC for a broad range of sports event contracts, with 68 filings total.
LeBron James decision triggers $273m prediction market repricing
Prediction markets repriced more than $273m in contracts on a single sports decision, showing operators and investors how quickly event-driven liquidity can move.
North American lottery association seeks clarity on sports event contracts
Regulators face pressure from lotteries to clarify rules for sports-related event contracts.
Nevada lawmakers plan federal bill restricting sports-event contracts
Operators face potential federal restrictions on sports event contracts under the planned bipartisan bill.
ProphetX partners with Players’ Lounge on sports contracts
Operators should note ProphetX sports event contracts reaching Players' Lounge gamers through the partnership.