Day: 11 September 2025

Key Moments: Several high-profile M&A deals have taken place in the prediction markets sector, including partnerships involving Underdog, Crypto.com, FanDuel, CME Group, and DraftKings’ pursuit of Railbird. Industry leaders and analysts have raised concerns that regulatory loopholes, rather than innovation, are fueling these moves, potentially reshaping competition and consumer protection. Regulators and market experts have highlighted significant regulatory, financial, and responsible gambling risks as the sector evolves. Industry Shifts Spark Fresh M&A Activity Prediction markets are experiencing a sharp rise in mergers and acquisitions. Deals include Underdog’s venture with Crypto.com,…

Key Moments: LOTBA has organized specialized training sessions for celebrities and influencers cited for promoting unlicensed online gambling. Official figures reveal 23 influencers have completed this training, with 93 legal notices and 22 legal complaints concerning unauthorized gaming venues. The “Hablar es Ganar” campaign continues to advocate for open dialogue to prevent underage involvement in illegal gaming. Training Influencers to Address Illegal Gambling Risks The Buenos Aires City Lottery (LOTBA) recently rolled out a new educational initiative, targeting celebrities and influencers who had previously faced legal complaints for endorsing unregulated…

Key Moments: Authorities have traced over PHP1 billion ($18.3 million) in alleged money laundering through 13 casinos between 2023 and 2025. Senate investigators revealed that the suspected officials lost nearly PHP950 million ($17.4 million) across Metro Manila, Cebu, and Pampanga casinos. Asset freezing steps have been initiated following the submission of names and aliases to the Anti-Money Laundering Council. Revelations Surrounding Casino-Based Money Laundering A recent Senate hearing brought to the forefront a significant money laundering case allegedly involving former engineers from the Department of Public Works and Highways (DPWH)…