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Key Moments: High school students in New York have increasingly engaged in sports betting, often using their savings or bar mitzvah funds The New York Council on Problem Gambling estimates up to 90% of students have gambled in the past year Experts attribute part of the problem to widespread gambling advertisements targeting younger audiences Underage Betting Despite Legal Restrictions The participation of high school students in sports betting has grown significantly across New York, with teenagers reportedly dipping into personal savings to fund their bets. As highlighted by a New…

Key Moments: 1,122 people visited Kangwon Land at least 100 times in 2023, marking a return to pre-pandemic figures The most frequent visitor entered the casino 159 times from October last year to this October Cumulative sales reached 4.66 trillion won ($3.3 billion) over five years, but only 0.4 percent was spent on addiction prevention Uptick in Repeat Visits Raises Red Flags Kangwon Land, situated in Jeongseon, Gangwon Province, is once again seeing a sharp increase in high-frequency patrons. According to data provided by Rep. Heo Sung-moo of the Democratic…

Key Moments: India’s Supreme Court has begun reviewing a public interest litigation seeking a ban on online gambling platforms operating as social or esports games. The petition references the Promotion and Regulation of Online Gaming Act, 2025, and addresses recent regulatory developments and market size concerns. App distributors such as Apple Inc. and Google India Pvt Ltd have been named as respondents in the case. Legal Challenge Targets Online Gambling Under Disguise The Centre for Accountability and Systemic Change (CASC) has brought a public interest litigation before India’s Supreme Court,…

Key Moments: The Secretariat of Prizes and Betting (SPA) has officially joined Rede-Lab as its 64th member institution. This move aligns the SPA with leading national agencies to bolster anti-money laundering (AML) efforts in Brazil’s betting and lottery industries. SPA gains access to advanced analytics, training, and inter-agency tools to strengthen regulatory and investigative capacities. SPA Joins Forces with Rede-Lab to Tackle Financial Crime The Secretariat of Prizes and Betting (SPA), under Brazil’s Ministry of Finance, has become the 64th public entity to join the National Network of Technology Laboratories…

Key Moments: The municipal tax rate on betting operators could decrease from 5% to 2% if the proposed bill passes. The Committee on Legislation and Justice has unanimously supported the tax reduction initiative’s legality. Parallel proposals have called for restrictions on betting advertisements due to public health concerns. Path Toward Tax Reduction Belo Horizonte has put forward legislation aimed at slashing the municipal tax rate on betting houses from 5% to 2%. This bill, presented by Mayor Álvaro Damião (União Brasil), has secured a favorable review from the Committee on…

Key Moments: Legal sportsbooks in the U.S. and Canada detected multiple suspicious bets on small-conference college basketball teams. The games under scrutiny occurred from early December 2024 to mid-January 2025. Federal authorities and the NCAA continue to investigate possible manipulation of game outcomes. Investigation Highlights Potential Integrity Concerns With the NCAA men’s basketball season approaching in early November, the spotlight has returned to the intersection of sports and gambling. An ESPN report has revealed an ongoing investigation into suspected illicit betting activities targeting the sport, bringing attention to the potential…

Key Moments: Authorities have implemented a sweeping online gambling ban under a newly announced zero-tolerance policy The Cyber Security Act 2025 extends government control over digital content and advertising related to gambling and adult material The National Cyber Security Agency (NCSA) is coordinating enforcement, targeting offenders across multiple digital channels Comprehensive Restrictions Introduced Under Cyber Security Act 2025 The Bangladesh government has enacted a robust online gambling ban as part of a broadened initiative targeting illegal internet activities. The move, announced through the Press Information Department (PID) on 16 October,…

Key Moments: Svenska Spel will conclude its sixteen-year partnership with Elitfotboll Dam when the current agreement expires at the end of 2026. The company has provided funding for development projects and campaigns that have advanced women’s football in Sweden since 2009. Svenska Spel recently donated SEK 5 million (approximately $530,000) to the Swedish Football Association to support vulnerable groups. End of a Significant Relationship Svenska Spel, the state-owned Swedish gaming company, has revealed that its sponsorship of Elitfotboll Dam will conclude when their agreement comes to a close at the…

Key Moments: Kraken has acquired Small Exchange for $100 million, granting entry to the US derivatives market This move gives Kraken a CFTC-regulated Designated Contract Market (DCM) license in the United States Kraken now operates regulated venues in the US, UK, and EU, supporting six fiat currencies and over 450 assets Major Entry into US Regulated Derivatives Kraken has announced the acquisition of Small Exchange in a $100 million deal, giving the company a strategic foothold in the United States’ regulated derivatives market. With Small Exchange’s status as a Commodity…

Key Moments: Resorts World New York City has submitted a $600 million license bid, exceeding the $500 million minimum by 20 percent. The company aims for a $5.5 billion expansion, with full-scale resort facilities and taxation rates higher than state-set baselines. Projected revenues between 2026 and 2030 reach $11.5 billion, with $5 billion expected to be paid in state taxes. Ambitious Expansion and License Offer Resorts World New York City has put forward a $5.5 billion plan that would transform its current operation at Aqueduct Raceway into a comprehensive casino…