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NyesteCasino report outlines regulatory developments across gambling markets

Regulation

NyesteCasino.com published an industry overview describing regulatory developments affecting gambling and betting in several markets, according to the report. It cited a Tennessee law banning sweepstakes casinos, Indonesia's request for a nationwide Polymarket ban and Brazil's prohibition of Pix Crédito deposits on regulated betting platforms.

The cited changes could affect operator access, product rules and payment options in the named markets.

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Regulation

AGA urges Congress to restrict sports event contracts on prediction markets

The American Gaming Association urged Congress to classify sports event contracts as gambling and bar CFTC-registered platforms from listing them through self-certification. Testifying before a Senate Agriculture subcommittee, AGA senior vice-president Christopher Cylke said platforms including Kalshi and Polymarket operate outside state and tribal gambling systems. The association estimated that states and tribes had lost more than $1.2 billion in gaming tax revenue since sports contracts began.

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