Sports betting

UK Appeal Court Rejects Tycoon’s £1.5m Claim Against Betfair

Johnny K.
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, European Casino News, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom
A long-running legal fight in the United Kingdom between property investor Lee Gibson and Betfair reached its conclusion after the Court of Appeal ruled that the operator bore no responsibility for Gibson’s gam...

Betico Partners With Altenar to Strengthen Sports Betting Offering

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
Altenar has broadened its presence across regulated betting markets through a new agreement with Betico, a recently established European operator. The collaboration gives Betico access to a fully managed sports...

New York Reports Record Online Sports Betting Revenue

Johnny K.
U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Fantasy Sports, Financial Press Releases, New York
New York’s online sports betting market posted another milestone in November, as state regulators reported all-time-high revenue figures driven by strong results from the largest operators and a surge of holida...

Connecticut Orders Cease and Desist to Crypto.com, Kalshi, and Robinhood Over Illegal Sports Wagers

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Connecticut, Sports betting, Online Gambling News
The Connecticut Department of Consumer Protection (DCP) recently issued cease-and-desist orders to three major platforms—Crypto.com, Kalshi, and Robinhood—demanding they cease offering and advertising sports ev...

Brazil Senate Panel Moves Forward on Tax Changes for Bets and Dividends

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Brazil, World Casino News, Gaming Industry News, Central & South America Gaming, Economy/Finance, Taxation, Sports betting, Online Gambling News, Taxes
A bill reshaping tax obligations for online betting operators, fintechs, and dividend payments cleared the Brazilian Senate’s Economic Affairs Committee (CAE) this week with a broad majority. The measure passed...

Betfred Penalized £825,000 After Compliance Review Flags Multiple Failures

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, European Casino News, Sports betting, Fines, Lawsuits & Litigation, United Kingdom
Done Brothers (Cash Betting) Limited, known as Betfred, must pay £825,000 after regulators found shortcomings in the company’s oversight of anti-money laundering processes and safer gambling safeguards within i...

PENN and Kambi Prolong Retail Sportsbook Partnership Into 2027

Johnny K.
U.S.A., Latest Casino and Gambling News, Online gaming software, North America Casino News, World Casino News, Gaming Industry News, Technology, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
Kambi Group and PENN Entertainment have formalized a new timeline for their longstanding retail sportsbook relationship, pushing the agreement’s conclusion to July 31, 2027. The companies confirmed that the rev...

Prediction Markets Pose New Credit Risks, Bank of America Warns

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gaming software, U.S.A., Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News
Bank of America has raised concerns about a growing financial risk posed by the rapid expansion of prediction markets and online sports betting in the United States. The bank's global research team highlighted ...

Kalshi Faces Legal Battle Over Alleged Unlicensed Sports Betting Practices

Vanja Mitic
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Casino Cheating, Gaming Industry News, Unlicensed Operation, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation
Kalshi, a prominent prediction market platform, is facing a significant legal challenge in the form of a class action lawsuit. The suit, filed in the Southern District of New York, accuses the company of operat...