The line between gambling and investing has never been murkier, with federally regulated prediction markets increasingly resembling sportsbooks. Yet the Internal Revenue Service (IRS) is telling Americans to stick with state-licensed betting platforms when gambling. With prediction markets licensed…
The precautionary measure stipulates a daily fine of BRL200,000 ($38,512) in case of non-compliance. The seizure of up to BRL1.1 billion from the company was also ordered.
Total gross gaming revenue surged 16.81% in H1 year-on-year, with remote operators accumulating €119.9 million ($138.5 million) in GGR.
Q2 earnings revealed mixed performances across the LatAm region. RSI posted strong growth among monthly actives, while Entain said it would not overspend in a challenging Brazil.
Issues surrounding the Triple Crown, a lawsuit against Kalshi and the Far Hills betting investigation dominated the three-day conference.
A newly hired employee was arrested following an armed robbery at the sportsbook inside Virgin Las Vegas after returning to work. Law enforcement authorities confirmed that the individual allegedly robbed his own workplace at knife point before showing up for his scheduled shift the following day.…
The post FanDuel Is Spending To Win NFL Season Back As Penn Sits Out appeared first on SportsHandle. The American sportsbook industry spent three years telling investors that the promotional land grab had ended. The 2026 NFL season tests how true that claim ever was. Flutter Entertainment made the…
CEO Stella David and Michael Snape highlighted the CEE exit as an opportunity to de-lever, unlock and return capital to shareholders.
Beyond the headline price lies a wager on prediction markets, US regulation and whether Jeremy Levine can turn Underdog into the next big event-trading platform.
The sponsorship deal was signed in April and was intended to continue until the 2027/28 season
The illegal betting market appears to be shrinking, although clandestine platforms still account for a significant share of online wagering in Brazil.
The prime minister also noted that adult gaming centres will need planning approval under new rules. He described betting shops and vape shops as "dodgy businesses".
The analysis suggests funds directed to illegal websites coincide with data projected by LCA, which indicates that between 41% and 51% of the market is unlicensed.
Penn Entertainment will not be among the sportsbook operators spending heavily on promotions this football season, a strategy Wall Street largely endorsed following the company’s second-quarter... The post Penn Sits Out Sports Betting Spending War As Analysts Back Strategy appeared first on Legal S…
The Commodity Futures Trading Commission has told prediction markets and intermediaries that displaying event contract prices in American sportsbook-style odds is likely misleading and could violate... The post CFTC Reminds Prediction Markets They Do Not Run Sportsbooks appeared first on Legal Spor…
New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant losses during this period, contributing to record-breaking operator revenues that defied typical summer seasonality trends. The surge came as World Cup betting activity drove exce…
The entertainment company almost acquired BetMakers late last year but talks did not advance past the "informal" discussion stages.
Tabcorp Holdings has announced on Monday that it will acquire BetMakers Techology Group, the B2B technology firm for AU$267 million (US$189 million) through a Scheme of Arrangement, with cash consideration of AU$0.24 per share implying an equity value of approximately AU$283 million (US$200 million…
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