Hero Group completed its acquisition of Betting Hero from FansUnite Entertainment for $37.5m, adjusted on a cash-free, debt-free basis. Betting Hero’s co-founders indirectly control 60% of Hero Group, while GeoComply provides financial backing and controls 40%. FansUnite said it will delist from the Toronto Stock Exchange on 21 August.
Investors can assess Betting Hero’s new ownership and FansUnite’s planned delisting.
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It was reported that GeoComply counted more than 3.2m location checks on partner platforms during Alberta’s first regulated online gambling week. The company said its figures measure verification activity rather than bets, deposits or revenue.
The 2028 Los Angeles Olympics will add flag football, baseball, softball, cricket, lacrosse and squash to a programme that already includes basketball, soccer and golf. The IOC estimated about €11bn was wagered globally on the 2024 Paris Games, more than 20% above Tokyo, and Entain said its Olympic betting volume doubled over the same period. DraftKings reported a 650% rise in World Cup bets against 2022 for the North American-hosted 2026 tournament.
It was reported that Kalshi agreed to use a third-party provider to exclude users in Nevada from specified event contracts. NGCB gave it until 12 August to implement GeoComply’s solution.
An Ingham County Circuit Court judge reportedly extended an order barring Kalshi from offering sports event contracts to users in Michigan. The judge ordered Kalshi to block users physically located in the state by 12 August; non-compliance could lead to fines of $0.5 million per day. Kalshi has said it will appeal the earlier ruling.
New York lawmakers proposed bills A10526 and S10470 to prohibit mobile sports wagers from people located on college campuses. The measures would require operators and platform providers to use geolocation technology, with colleges supplying campus boundary data to the state gaming commission. The bills did not advance to a floor vote in the 2026 regular session and would need to be reintroduced next year unless considered in a special session.