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Authorities arrested ten individuals for operating fraudulent lottery-prediction sites in South Korea. The scheme led to losses totaling 1.2 billion Korean won for 27 victims over three years. Fake prediction tools and fabricated lottery wins were used to convince investors of the scheme’s legitimacy. Key Moments Law enforcement agencies in South Korea apprehended ten suspects who they believe ran an elaborate lottery-prediction scam. Moreover, the suspects allegedly defrauded 27 people by promoting false systems that promised guaranteed lottery wins. Details of the Scam The group reportedly managed to steal 1.2…

Key Moments: Kalshi secured a $1 billion funding round, pushing its valuation to $11 billion The platform’s annualized trading volume exceeded $50 billion by mid-October Regulatory challenges continue as U.S. state authorities dispute the legal status of prediction markets Record-Breaking Investment Elevates Kalshi’s Status Kalshi has achieved a new milestone after closing a massive $1 billion funding round, resulting in an $11 billion valuation. This latest investment arrives only two months following a $300 million raise, marking one of the most significant surges in valuation for a fintech firm in…

Key Moments: Seven national gambling authorities from Germany, Austria, France, Great Britain, Italy, Portugal, and Spain have entered a new cross-border agreement. The framework establishes cooperation on information sharing, joint complaints to social platforms, and exchange of best enforcement practices. Recent gatherings and initiatives reflect a wider movement in Europe toward unified consumer protection measures in gambling. European Regulators Forge United Front Amid Illegal Gambling Surge Europe’s gambling regulators have responded to the fast-evolving landscape of illegal online gambling by forming a pan-European alliance. Authorities from Germany, Austria, France, Great…

Key Moments: To begin with, the Gaming Commission has rolled out specialized police training to enhance enforcement against unauthorized gambling equipment. New regulatory measures have been introduced to streamline the identification and confiscation of illegal street machines. Annual revenue from gambling machine inspections has reached around ten million dollars, with significant implications for public funds. Government Strengthens Actions on Unregulated Gambling Puerto Rico has intensified efforts to curb illegal gambling with a new approach centered on better-trained law enforcement. The Gaming Commission is leading this initiative by providing workshops at…

Key Moments: Fanatics plans to launch event contracts in the coming weeks, according to CEO Michael Rubin. The company is joining DraftKings, FanDuel, Underdog, and PrizePicks as the fifth online operator in prediction markets. Fanatics remains an active American Gaming Association member while peers FanDuel and DraftKings have departed over policy differences. Fanatics Set to Enter Prediction Market Arena Fanatics has revealed plans to enter the prediction markets arena, signaling its intention to deepen involvement in this rapidly expanding sector. During an appearance on CNBC, CEO Michael Rubin shared that…

Key Moments: Airtel Malawi partnered with ESCOM to deploy 19 new network sites for enhanced national digitization. Airtel’s annual spending on digital infrastructure stands at K19 billion (US$10.9 million), with an expected tax contribution of K200 billion (US$115.4 million) in 2025. Discussions with the ICT Minister addressed challenges such as forex shortages and potential tax policy shifts to improve device affordability. Strategic Partnerships Drive Network Growth Airtel Malawi has initiated a new phase in its network expansion strategy, joining forces with ESCOM to deliver 19 new network sites aimed at…

Key Moments: European Gaming Media has entered a media partnership with Frank Gaming to enhance industry visibility and connections. Frank Gaming gains exposure for HIPTHER’s events, while European Gaming Media will cover Frank Gaming’s major announcements. Frank Gaming’s ecosystem includes over 500 suppliers, 250 operators, and has facilitated 1,200 connections through 50+ events. Collaboration Targets Growth in the iGaming Sector European Gaming Media, the main outlet of HIPTHER, formed a media partnership with Frank Gaming, which serves as a global hub for providers, operators, and executives. This initiative aims to…

Key Moments: William Hill will cease operations in 13 countries from early December as part of its parent company Evoke’s restructuring Customers in the affected markets have until 5 January to access their accounts and request withdrawals, after which further support will be required The move aligns with Evoke’s prioritization of highly regulated core markets, while similar restrictions have emerged elsewhere in recent years Impacts of a Swift Exit from Emergent Markets William Hill is poised to implement one of its most comprehensive market contractions to date, as parent company…

Key Moments: Bally’s secured full regulatory approval from authorities in New South Wales and Queensland for its investment in The Star Entertainment Group. The Mathieson family’s Investment Holdings received authorization to expand its ownership of The Star alongside Bally’s. The Star posted AU$1.4 billion (€785 million) in revenue for the financial year ending 30 June 2025, reflecting a 19 percent decline year-on-year. Comprehensive Regulatory Clearance Achieved Bally’s has achieved complete regulatory clearance for its investment in The Star Entertainment Group. Both the New South Wales and Queensland authorities have granted…

Key Moments: Veikkaus is preparing for the 2027 introduction of a multi-licence gambling system in Finland, which will end its longstanding monopoly. More than €500 million was wagered through foreign providers in early 2025, prompting calls to bring offshore operators under local regulation. Veikkaus has begun modernizing its operations and growing its international subsidiary, Fennica Gaming, to strengthen its position in a soon-to-be competitive market. Market Reform Signals the End of a Monopoly For the first time, Veikkaus is preparing to compete equally with global gambling operators as Finland plans…