Flutter Entertainment plans to withdraw its Betfair Exchange, Sportsbook and Casino products from Italy after changes to the country’s gambling regulations made the exchange commercially unsustainable. The company confirmed the decision in October statements to cited by Bet It Drives, explaining that Betfair accounts for only a small proportion of its Italian revenue. Flutter has not announced a timetable for...
The Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) have sued Utah over its efforts to restrict prediction market operator Kalshi, arguing that the state’s enforcement actions threaten federal regulatory authority over derivatives exchanges. Filed in federal court on Monday, the 33-page complaint (pdf) seeks to prevent Utah Attorney General Derek Brown from applying state gambling...
Brazil’s Supreme Federal Court will hold a public hearing on November 3 to examine challenges surrounding the country’s betting ban and Provisional Measure 1,394/2026. Justice Luiz Fux, rapporteur in several cases involving gambling regulation, scheduled the session for 10:00 a.m. in the court’s Second Panel chamber. The order was issued on October 26, one day after the provisional measure extinguished...
Chile’s online gambling legislation has entered a more contentious phase after the government backed a regulated private market while senators submitted proposals that would either prohibit private operators or reserve online gambling for the country’s existing lotteries. President José Antonio Kast’s government filed a 114-page package of amendments on October 26. The plan would introduce five-year licences for private operators,...
Caesars Entertainment reported a wider third-quarter loss for 2026 as group revenue remained broadly unchanged and Las Vegas performance weakened. For the three months ended September 30, the company posted GAAP net revenue of about $2.9 billion, in line with the prior-year period. Net loss attributable to Caesars increased to $123 million from $55 million. Adjusted EBITDA declined to $865...
Italian authorities have taken precautionary measures against 15 people in Cosenza over an alleged scheme involving manipulated slot machines and suspected corruption. The operation involved the Carabinieri of the Cosenza Provincial Command and officials from the Gaming Directorate of the Agenzia delle Dogane e dei Monopoli, or ADM. Authorities seized 145 gaming machines and around €80,000 in cash during inspections...
Fearshot: Phantom Mansion puts a real-money wager behind the trigger of a ghost hunter’s weapon. Combining arcade-style shooting with haunted-house exploration, the game asks players to select supernatural targets and fire a Phantom Blaster, with each shot producing an immediate betting result. Launching exclusively at Cloudbet Casino on October 28, 2026, Fearshot is the first title in a new casino...
Denmark’s gambling regulator has launched a public awareness campaign warning parents about gambling-like mechanics in children’s video games, as the government renews efforts to restrict gambling advertising aimed at minors. The Danish Gambling Authority (Spillemyndigheden) launched its “Casino in the Children’s Room” (Kasino på børneværelset) campaign on October 26. The initiative aims to help parents recognize features that resemble gambling...
Pennsylvania lawmakers have introduced legislation that would prohibit microbets and certain gambling VIP programs while imposing stricter financial and time limits on online betting, as the state establishes a bipartisan caucus focused on problem gambling. State Reps. Tarik Khan, a Democrat from Philadelphia, and Jamie Flick, a Republican representing Lycoming and Union counties, introduced House Bill 2879 on October 21....
The NBA has named Kalshi and Polymarket as its preferred prediction market exchanges and introduced a formal integrity framework for basketball-related event contracts. The agreements give both platforms access to official league data and US marketing rights while placing limits on the markets they can offer. The league also signed a memorandum of understanding with the Commodity Futures Trading Commission...