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SRI Lanka plans gambling authority to begin operating by June 2026

Regulation

SRI Lanka’s Gambling Regulatory Authority is due to become fully operational by 30 June 2026, the Finance Ministry and Revenue Department said. Under the 2025 Act, it will license operators, collect taxes and supervise gambling; the government has also raised the gross gaming revenue tax from 15% to 18%.

Operators will face central licensing and supervision, alongside the increased gross gaming revenue tax.

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Regulation

Robinhood and Polymarket sue Missouri over sports event contracts

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.

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