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Industry
March 5, 2025
Prediction Market Kalshi Ordered to Cease and Desist in Nevada
Kalshi, one of the fastest-growing prediction markets in America, has hit a major roadblock in Nevada where it was ordered to cease and desist. Despite seemingly warming up toward such products, the US has yet to regulate them properly and some markets, regulators, and industry stakeholders remain opposed to them. Kalshi Ordered to Exit Nevada […]
Industry
March 5, 2025
YouTube Enhances Rules on Betting and Casino Content
Newly announced policies by YouTube are going to crack down on gambling and related content, specifically targeting the promotion of “unapproved” gambling websites. While details regarding the new policies emerged Tuesday this week, their implementation is expected to be completed in mid-March. YouTube Overhauls Gambling-Related Policies Since 2018, when the US Supreme Court struck down […]
Industry
March 4, 2025
Bally’s Hits Roadblock in $250M Chicago IPO
Bally’s bid to raise $250 million in an initial public offering (IPO) for its highly anticipated Chicago casino project has hit a significant roadblock. The setback has delayed the company’s inclusive equity commitments and fundraising goals, further complicating an already ambitious $1.7 billion development plan in River West. Chicago Mandated at Least a 25% Minority […]
Industry
March 4, 2025
ANJ Levies Record-Breaking $843K Fine to Unibet
L’Autorité Nationale des Jeux (ANJ), France’s gambling regulator, has issued a record EUR 800,000 ($843,360) fine to SPS Betting, which operates the Unibet brand in France, due to a serious self-exclusion failure. This is the authority’s largest fine yet and emphasizes the severity of the issue. The Largest Fine in ANJ’s History According to the […]
Industry
March 4, 2025
Estonia’s Gambling Law Amendments Won’t Include Stricter Rules
Estonia’s Ministry of Finance is preparing amendments to the country’s Gambling Act, with a draft expected to be presented for feedback by mid-year. Despite the proposed changes, officials have made it clear that the revisions initiated this month and ending in April will not impose stricter gambling laws. Rainer Osanik Confirmed Draft Implementation by Mid-June […]
Industry
March 4, 2025
Aspire Global Hit with a $1.8M Penalty in the UK
The United Kingdom’s Gambling Commission (UKGC) announced that it has issued a £1.4 million ($1.8 million) penalty to AspireGlobal for social responsibility and AML failures. The money will fund socially responsible causes in the UK, the regulator confirmed. The Operator Will Have to Pay a Huge Penalty The UKGC said that AG Communications Limited, which […]
Industry
March 4, 2025
European iGaming Companies Lose $5BN to Fraud Annually, Report
The development of artificial intelligence (AI) makes it more difficult for businesses across the globe to identify potential fraud attempts. While weeding out bad actors remains a challenge for many sectors, the gambling industry isn’t spared. 47% of Online Gambling Companies Lose 10% of Their Annual Revenue to Fraud Online gambling operators across the globe […]
Industry
March 4, 2025
NCPG Welcomes Problem Gambling Awareness Month, Promotes Understanding
The National Council on Problem Gambling (NCPG) in the United States has celebrated the beginning of Problem Gambling Awareness Month (PGAM), vowing to seek an enhanced understanding of gambling problems. PGAM Is Underway Once Again PGAM is an annual initiative taking place every March when industry stakeholders, health associations, sports entities and regulators join forces […]
Industry
March 4, 2025
Meta Accused of Running Illegal Loot Box Ads in Belgium
Meta, the tech giant behind Facebook and Instagram, has been paid by 172 mobile gaming companies to run advertisements promoting game features that Belgium classifies as gambling. The respective features, commonly called “loot boxes,” give random virtual rewards to players for the purpose of enhancing their gameplay. The information was announced by beClaws research group […]
Industry
March 4, 2025
Texas Lottery Scandal Casts Shadow on Betting, Casino Expansion
Texas is one of a handful of states that has limited gambling activities. A legal hurdle that saw the Texas Lottery get into hot water over allowing lottery couriers to operate in the state resulted in further implications that threaten its existence and put significant obstacles in the way of a potential expansion of gambling […]
