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 operating an unlicensed sports betting platform that deceives consumers into thinking they are participating in a peer-to-peer market, when, in reality, they are betting against Kalshi itself. The...
The United Arab Emirates (UAE) has taken a significant step in expanding its regulated gaming market with the recent launch of Play 971, the first fully licensed iGaming site in the country. The platform, which went live in late November 2025, has been licensed by the General Commercial Gaming Regulatory Authority (GCGRA). This marks a historic milestone for the region, introducing...
The Malta Gaming Authority (MGA) has issued a stern warning regarding two online gambling platforms—lavbet321.com and kasinoseta.com—which are falsely claiming to be licensed by the MGA. The regulator has clarified that these sites are not authorized to offer gaming services in Malta and that any assertions suggesting they are linked to the MGA are completely false and misleading. MGA Highlights Growing Risk...
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 the increasing prevalence of these markets and platforms, noting that they are attracting new risks for consumers and lenders alike. Particularly vulnerable groups, such as young men and low-income...
November 17–23, 2025, marked Safer Gambling Week across the UK and Ireland. The campaign places a strong emphasis on raising awareness of safe play. It highlights support services for players. The outcome of this campaign is expected to last long with all the parties concerned. Here are the top takeaways and what’s new this year, especially in Ireland. New Digital...
The upcoming Thanksgiving stretch is shaping into one of the most significant betting windows the U.S. sports wagering market has seen, fueled by marquee NFL pairings and expanded legalized sports betting coverage across 38 states. Both sportsbooks and analysts expect exceptional activity on Thursday and Friday, with several matchups aligning in a way that could create record-setting wagering volume. Momentum Builds...
The UK gambling sector is preparing for the most dramatic reshaping of its tax environment in years after official documents released in error confirmed sweeping increases affecting online casinos and sports betting operators. Chancellor Rachel Reeves has now formally committed to the changes, which will come into force across 2026 and 2027 and elevate the UK’s remote gambling tax rates to levels...
A coalition of more than 40 Canadian senators has formally urged Prime Minister Mark Carney to implement a nationwide ban on all advertising for sports betting. The appeal, delivered in a letter on November 13 by Senators Marty Deacon and Percy Downe, frames such advertising as a public health concern affecting Canadians of all ages. “We are asking for a...
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 earlier this month, marking a surprise turn of events for a brand that had heavily advertised in anticipation of the state’s rollout. Underdog’s Withdrawal and Future Focus Underdog,...
South Africa’s National Treasury is seeking public input on a new proposal that could significantly change the landscape of online gambling in the country. As the online betting industry has exploded, the Treasury aims to curb the growing concerns around problem gambling while boosting government revenues with a 20% national tax on gross gambling revenue (GGR) from online gambling, including interactive betting....