Brazil reportedly formalised its accession to an international treaty focused on combating sports manipulation. The available report says rising fraud in championships has prompted calls for responses and international assistance.
Brazil’s treaty accession may support international responses to rising fraud in championships and efforts to combat sports manipulation.
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The Michigan Gaming Control Board said licensed online sports betting operators may offer fixed-odds horse-racing wagers in Michigan from Friday. The change adds locked-in odds to the state’s online betting options, alongside pari-mutuel wagering. Existing licensing, responsible-gambling and age and residency checks will apply.
The Michigan Gaming Control Board said licensed online sports betting operators in Michigan may offer fixed-odds wagers on horse racing from Friday. The MGCB announced the addition to the state's online sports betting catalog.
US senators Elizabeth Warren and John Curtis asked Kalshi and Polymarket for information on preventing insider trading and market manipulation in election-related contracts, according to their letter. They requested details on prevention measures, referrals to the CFTC and active safeguards by Tuesday.
US senators Elizabeth Warren and John Curtis have asked Kalshi and Polymarket for information on how the companies prevent insider trading, market manipulation and wagers based on material nonpublic information in election-related contracts, according to a letter the senators sent to Kalshi chief executive Tarek Mansour and Polymarket chief executive Shayne Coplan. The letter requests a written response from both companies by Tuesday, ahead of the midterm elections.
Article 29 of Italy’s 2027 budget bill proposes adding a Wednesday draw for Lotto, SuperEnalotto and related games, according to the accompanying technical report. The report estimates additional state revenue of €30.5m in 2027 and €43.1m annually from 2028; implementation arrangements would be set within sixty days of the law taking effect.
Article 29 of Italy's 2027 budget bill proposes a fifth weekly draw for Lotto and SuperEnalotto, to be held each Wednesday, according to the technical report accompanying the measure. The provision also covers the optional and complementary games linked to Lotto and SuperEnalotto. Implementation arrangements are to be set within 60 days of the law taking effect, and the technical time needed to start the new draw is estimated at about five weeks from the adoption of the relevant directoral measure.
Italy’s 2027 budget bill proposes extending concessions for land-based betting and AWP and VLT operations to 31 December 2029, according to its technical report. The extension is forecast to raise about €843m over 2027–2029, with concessionaires paying fees that vary by sector; the current concessions are due to expire on 31 December 2026.
Italy's 2027 budget bill proposes extending concessions for land-based betting and for the telematic management of AWP and VLT machines to 31 December 2029, according to the technical report attached to Article 26 of the draft law. The current concessions are due to expire on 31 December 2026. The report estimates the extension would raise about €843m over 2027–2029, or €281m a year, with concessionaires paying fees that differ by sector.
Italy’s 2027 budget bill proposes raising the PREU tax on AWP from 24% to 25% and on VLT from 8.6% to 9.6%, according to its technical report. The government forecasts additional revenue of €334m in 2027, €365m in 2028 and €456m annually from 2029, plus €15m in 2027 from registering machines that do not pay cash winnings.
Italy's 2027 budget bill proposes raising the single tax on gaming machines, with the technical report accompanying the draft law setting out the expected revenue effects. Article 23 of the bill would increase the PREU by one percentage point, from 24% to 25% for AWP machines and from 8.6% to 9.6% for VLTs, according to the report. The government forecasts additional revenue of €334m in 2027, €365m in 2028 and €456m a year from 2029, plus €15m in 2027 from the regularisation of machines that do not pay cash winnings.