Regulation & Law

South Korean police have arrested 58 people accused of operating illegal online gambling websites that used the brand and trademarks of casino operator Kangwon Land Inc, according to local media. The cyber investigation unit of the Gyeongbuk Provincial Police Agency said the suspects included a Rus…

Online gaming operators in the Philippines must direct investment in workforce training into “three critical pillars”, says Ellen Joy Almanza, managing consultant at Buenas PH, an online casino licensed by the Philippine Amusement and Gaming Corp (Pagcor). They are, she said, “embedding volume-scal…

The Philippine Amusement and Gaming Corp (Pagcor), the nation’s casino regulator-cum-operator, says 16 of its Casino Filipino sites and branches have secured the ISO 9001:2015 certification, following a series of surveillance audits earlier this year. The certification was presented to Pagcor chair…

The post CFTC Invokes Emergency Powers To Keep Kalshi Running In New York appeared first on SportsHandle. The Commodity Futures Trading Commission ordered Kalshi on Aug. 11 to keep its exchange running in New York, a move that puts the federal agency directly in the path of a state lawsuit seeking…

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Recently, online gambling in the Netherlands has transitioned from the extremely strict, government-led monopoly for decades toward a heavily restricted legal market. After the official opening of the regulated market under the Remote Gambling Act (KOA) in October 2021, the industry briefly experie…

As the CFTC moves closer to formalising rules on prediction markets, the regulator may conduct a review of the controversial products.

In a landmark move for Colorado casino workers, employees across Bally’s three Black Hawk properties voted to organize with Teamsters Local 455, according to union officials. The vote, conducted through a card-check process, applies to 110 workers across Bally’s East, North, and West properties in…

South Korean police have broken up an international online gambling ring that used illicit pornography—including explicit media exploiting minors—to lure players to its sites. The Korean National Police Agency, working alongside Europol and the U.S. Department of Homeland Security, arrested a South…

JPMorgan Chase (NYSE: JPM) reportedly ended its banking relationship with Polymarket last October as regulatory scrutiny intensified around the prediction market operator. Citing unidentified sources with knowledge of the matter, The Financial Times reports that the largest U.S. bank debanked Polym…

Macau continues to seek ways to lessen its economic dependence on casino gambling. The local government announced this week a plan to raise non-gaming sectors’ gross domestic product (GDP) contribution to 60% by 2030. Macau Chief Executive Sam Hou Fai unveiled the “New Blueprint, New Journey, New O…

Repealing the UK’s ‘aim to permit’ licensing principle risks messy and potentially major legislative changes for the UK’s already beleaguered retail gambling sector.

A New Jersey man has pleaded guilty to defrauding nearly 100 victims of more than $47 million through a Ponzi-like investment scheme, with much of the stolen money used to cover his “gambling habit.” The United States Attorney’s Office for the District of New Jersey said Thursday (Aug. 13) that Leo…

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…

Ontario’s vision for a “Las Vegas North” moved significantly closer to reality after casino operator MGE (MGE Niagara Entertainment Inc) agreed to end its exclusive gaming rights in the Niagara region. The Ontario government announced an agreement with MGE, a milestone in the province’s Destination…

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.

The Cayman Islands-based investment entity now holds nearly 32% of Evolution shares which trigged a mandatory offer obligation.

Total gross gaming revenue surged 16.81% in H1 year-on-year, with remote operators accumulating €119.9 million ($138.5 million) in GGR.