Sports betting

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

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Connecticut, Online Gambling News, Sports betting
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, World Casino News, Brazil, Central & South America Gaming, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, 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.
Online gaming software, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Technology, Online Gambling News, Sports betting, 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
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting
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
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., 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...

PENN Committee Affirms Board’s Good-Faith Conduct in HG Vora Conflict

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Licensed online casinos in USA, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation
PENN Entertainment’s prolonged battle with activist investor HG Vora has taken another turn after an independent Special Litigation Committee (SLC) concluded the company’s board acted appropriately and “in good...

Underdog Bows Out of Missouri Sports Betting Launch: Eight Remain

Vanja Mitic
Online gaming software, Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News, Licensing, Missouri
Missouri’s entry into the legal sports betting scene will begin on December 1, but one notable sportsbook, Underdog, will not be joining the launch. The company withdrew its application for an operating license...

Robinhood and Susquehanna Team Up to Develop New Prediction Market Exchange

Johnny K.
U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Technology, Gaming Industry News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
Robinhood and Susquehanna International Group are moving forward with a significant expansion into the prediction markets sector by forming a new joint venture that will operate its own futures and derivatives ...

Ontario iGaming Hits New Heights With Record Spending and Revenue in October

Johnny K.
NHL, NBA, Latest Casino and Gambling News, NFL, Casino News, Canada, North America Casino News, World Casino News, Gaming Industry News, Ontario, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
Ontario’s regulated online gambling market delivered its strongest performance to date in October, marking the third straight month of record-setting growth in player spending and operator revenue. Fresh data r...

Nevada Judge Reverses Earlier Win for Kalshi Amid National Legal Rift

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, Online gambling regulation, North America Casino News, Gaming Industry News, Sports betting, Fines, Lawsuits & Litigation, Nevada
A long-running legal fight between prediction market operator Kalshi and Nevada gaming officials took a dramatic turn this week after a federal judge reversed an earlier ruling that had shielded the company fro...