Midnite said it secured a revolving credit facility of up to $100 million from Discerning Capital and PVX Capital. The operator said the funding would support user acquisition while preserving cash for hiring and product development.
The credit facility can fund user acquisition while leaving cash available for hiring and product development.
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The ASA banned a TikTok advert linked to Midnite after an AI-generated man shown using a gambling app appeared under 25. Midnite said it had not authorised the spot, which an affiliate partner published.
The UK’s Advertising Standards Authority cleared White Hat Gaming’s adverts on HLTV, finding they were not directed at under-18s, according to a report. It also upheld a complaint about a Midnite TikTok advert featuring an AI-generated person who appeared under 25, ordering that the advert not appear again and telling Midnite and affiliate Limay Media to prevent similar adverts.
The UK’s Advertising Standards Authority warned Dribble Media, the company behind Midnite, over a TikTok advert seen on 3 July 2026, according to a report. The ASA found that the AI-generated character appeared to be under 25 and that the prompt lacked age safeguards; it also ruled that White Hat Gaming’s esports adverts were not directed at under-18s.
Reportedly, Midnite has hired former FanDuel and Sky Bet staff to expand its product team. The recruitment supports international growth plans that include a planned Canadian launch.
Reportedly, Willie Lok will lead Midnite’s casino and loyalty product strategy following his appointment. He joins from FanDuel after four years developing its casino and loyalty products.