A congressional effort to reverse a federal tax change affecting gambling losses moved forward this week after the House Ways and Means Committee approved legislation aimed at restoring the longstanding 100% deduction for wagering losses. The committee action advances proposals championed by Nevada lawmakers, including Rep. Dina Titus and Rep. Steven Horsford, who have spent more than a year seeking...
Brazil’s government is preparing a major change to the country’s regulated gambling framework, with President Luiz Inácio Lula da Silva expected to approve a measure that would prohibit online casino operations. Early reports also raised the prospect of restrictions or a ban covering sports betting. More recent information indicates that the current proposal would leave fixed-odds sports wagering and related...
Genius Sports has launched Prediction.com, a new consumer-facing platform designed to bring prediction-market information from multiple providers into one location. The service allows users to find event contracts, compare equivalent markets across different platforms and watch probabilities change while events are in progress. The company introduced Prediction.com through Legend, its consumer media and technology business. Genius Sports acquired Legend for...
Great Britain’s licensed gambling industry generated £17.5 billion in gross gambling yield during the financial year from April 2025 through March 2026, representing a 4.4% increase from the previous 12-month period. When lotteries are excluded, GGY reached £13.2 billion, up 4.7% year on year. Remote casino, betting and bingo remained the largest part of the licensed market, producing £8.3 billion...
A federal appeals court has backed two California tribes in their legal challenge against Kalshi’s sports event contracts on tribal lands, reversing a key part of an earlier district court decision and sending the request for a preliminary injunction back for further consideration. The unanimous three-judge panel of the 9th U.S. Circuit Court of Appeals found that Blue Lake Rancheria...
New York’s online sportsbooks processed nearly $595 million in wagers during the opening week of the 2026 NFL season, setting a new record for an NFL Week 1 since the state introduced mobile sports betting in 2022. While betting activity reached unprecedented levels for an opening weekend, operators experienced a significantly less favorable outcome as customer-friendly results cut deeply into...
Prime Video is expanding its sports betting integration for the 2026 NFL season by bringing FanDuel’s live bet-tracking technology to its exclusive Thursday Night Football broadcasts, giving viewers the option to monitor wagers in real time while watching games. The feature builds on a partnership that first appeared during Prime Video’s NBA and WNBA coverage last year. Viewers who choose...
Entain has begun a consultation process that could lead to the loss of approximately 400 customer care positions across its global operations, as the gambling group seeks to manage the impact of rising tax costs in the United Kingdom and prepare for potential further increases. The company, which owns Ladbrokes, Coral and Sportingbet, said the proposed reductions would affect around...
Konami Gaming has expanded directly into the Class II casino gaming segment, bringing established titles from its existing portfolio to tribal gaming properties after previously licensing Class II content through a third party. The move follows Konami’s acquisition of ISDgames, which gave the company access to a Class II gaming system and titles including Shockwave. After completing the deal, Konami...
The Bangko Sentral ng Pilipinas is preparing stricter controls for payment service providers after authorities identified thousands of merchant accounts allegedly connected to illegal online casino transactions. According to Bloomberg, the Philippine central bank’s surveillance found businesses that appeared on paper to be ordinary merchants while processing large volumes of small payments late at night. Authorities eventually determined that some...