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....
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 exchange. The initiative follows the acquisition of a 90% interest in MIAX Derivatives Exchange (MIAXdx), a regulated platform previously owned entirely by Miami International Holdings. MIAXdx is licensed by...
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 from state enforcement. The decision vacates a preliminary injunction granted in April and significantly complicates Kalshi’s efforts to continue offering sports-related event contracts in Nevada, according to iGaming...
The fallout from Wirecard’s collapse continues to widen, with new reporting from Bayerischer Rundfunk (BR) and Tagesschau indicating that hundreds of millions of euros routed through Wirecard Bank’s so-called third-party partner accounts can be traced to online gambling mogul and Bitcoin investor Calvin Ayre. These findings add a new dimension to Germany’s largest post-war financial scandal, where the missing EUR1.9 billion...
Rivers Casino Pittsburgh in Pennsylvania has undergone a major ownership transition, with Rush Street Gaming’s affiliated entity Rivers Enterprise Borrower, LLC now assuming complete control of the property. The shift follows a months-long recapitalization effort that restructured the casino’s ownership and brought the gaming venue firmly under the umbrella of Rivers Enterprise, expanding its portfolio of Rivers-branded casinos across the...
The Kentucky Horse Racing and Gaming Corporation (KHRGC) has moved forward with a major policy shift, voting nearly unanimously to authorize historical horse racing (HHR) machines that incorporate electronic table-game themes. The approval marks a notable departure from earlier skepticism toward such products, signaling regulators’ willingness to allow new gaming formats as Kentucky seeks to keep pace with neighboring states that...
The UK Gambling Commission has reinstated the operating licence for VGC Leeds Limited after the regulator concluded that the operator had taken the substantial corrective steps required to address serious anti-money laundering and counter-terrorist financing concerns. The decision brings Victoria Gate Casino back into operation one month after the venue was shut down due to what the Commission described as “significant failings.”...
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 released by iGaming Ontario shows that the province’s ecosystem—spanning online casinos, sports wagering, and poker—generated unprecedented activity as seasonal sports action and expanding player engagement pushed the market to new highs....