Brazil’s Online Betting Market Faces Regulatory Hurdles Amid Rapid Expansion

Brazil’s Online Betting Market Faces Regulatory Hurdles Amid Rapid Expansion

Key Moments: Regulus Partners identified illegal betting as controlling at least 40% of Brazil’s online gambling market The country launched a formal regulatory framework for the sector in January, with 79 licensed companies currently operating 184 platforms Federal tax revenue from betting reached R$7.95 billion by October, with total public revenue projected to rise further as tax rates increase Transformative Market Growth and Job Creation Brazil’s online betting sector has climbed into the world’s top five by turnover, following only the United States, the UK, Italy, and Russia, according to…

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Yggdrasil Extends Global Presence with Vyking Integration Alliance

Yggdrasil Extends Global Presence with Vyking Integration Alliance

Key Moments: Yggdrasil Gaming Limited has confirmed a distribution partnership with Vyking, an iGaming platform provider and casino aggregator. Operators using the Vyking platform now have access to Yggdrasil’s complete game catalog, including YGG Masters studio titles, via a single integration. The agreement focuses on expanding reach for both companies across Europe, Asia, and Africa. Comprehensive Content Integration Yggdrasil Gaming Limited, a supplier licensed by the Malta Gaming Authority, has announced a strategic distribution partnership with Vyking. This collaboration ensures that Vyking-powered operators will gain access to Yggdrasil’s entire game…

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European Casinos Begin Overhauling Cash Controls Ahead of 2027 Payment Cap

European Casinos Begin Overhauling Cash Controls Ahead of 2027 Payment Cap

Key Moments: Regulation (EU) 2024/1624, approved in 2024, sets a €10,000 cash payment limit effective July 2027 From 2026, casinos and operators are obligated to upgrade internal controls and due diligence procedures Non-compliance can lead to significant fines, with AMLA overseeing enforcement and coordination Background on Regulation (EU) 2024/1624 Regulation (EU) 2024/1624, commonly referred to as the AML Regulation, aims to combat money laundering and terrorist financing by capping cash payments within the European Economic Area. Approved in 2024 by the European Parliament and the Council, the regulation specifically targets…

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Political Pledges Clash with Reality as Gambling Ads Thrive on London Transport

Political Pledges Clash with Reality as Gambling Ads Thrive on London Transport

Key Moments: Since 2021, gambling firms have invested nearly £5 million in advertising across Transport for London assets. This year has already recorded 223 gambling ad campaigns on TfL, surpassing last year’s total more than twofold. Seven London boroughs have officially called on the mayor to impose a ban on gambling ads, increasing political pressure for independent action. Ongoing Surge in Gambling Promotions Across TfL Despite a pledge made during the 2021 mayoral election to remove gambling advertisements from Transport for London (TfL) properties, betting and casino branding remains prominent…

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Nevada Leaders Mobilize Against Gambling Loss Deduction Cap

Nevada Leaders Mobilize Against Gambling Loss Deduction Cap

Key Moments: Nevada lawmakers and casino operators have ramped up efforts to overturn a federal tax change limiting gambling loss deductions to 90 percent from 2026. The FAIR BET and FULL HOUSE bills have been introduced to restore the full 100 percent deduction for gamblers’ losses. Uncertainty remains on when the reversal might occur, with the deduction cap scheduled to take effect on January 1, 2026. Legislative Initiatives Seek to Restore Full Deductions In response to recent federal tax reforms, stakeholders across Nevada’s gaming sector are pursuing measures to counter…

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Payment Innovation Drives Evolution in Online Betting Landscape, Study Finds

Payment Innovation Drives Evolution in Online Betting Landscape, Study Finds

Key Moments: The Digital Payments Report 2025 shows that deposits and withdrawals have evolved into major drivers of profit and customer retention. Agentic AI is emerging as a powerful enabler, allowing payment systems to react in real time to risk and user behavior. Localized payment options, such as Pix in Brazil, directly improve retention and transaction approval rates. Strategic Value of Payments in Online Betting The Digital Payments Report 2025 from Payment Expert highlights a major shift in online sports betting. Today, operators no longer treat payments as simple back-end…

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QTech Games Expands Emerging Market Offering with AbraCadabra’s Crypto-Ready Casino Titles

QTech Games Expands Emerging Market Offering with AbraCadabra’s Crypto-Ready Casino Titles

Key Moments: QTech Games and AbraCadabra have signed a content aggregation agreement AbraCadabra’s portfolio includes the popular crash game Crazy Rocket, as well as Mayan Plinko, Narco Mines, Lucky Fish, and Football Keno The partnership increases AbraCadabra’s access to new markets in Africa and Latin America Strategic Content Integration QTech Games has strengthened its content provision in emerging markets by forming a new distribution agreement with AbraCadabra, a supplier known for creating engaging crash games and customized casino products. This move underscores QTech Games’ ongoing commitment to expanding its portfolio…

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New Zealand to Bar Credit Card Payments at Online Casinos Under Forthcoming Bill

New Zealand to Bar Credit Card Payments at Online Casinos Under Forthcoming Bill

Key Moments: New Zealand’s Government will ban credit card deposits at licensed online casinos under new regulations. The Online Casino Bill, now in Parliament, could legalize up to 15 online casinos and require a share of gross gambling revenue for charities. This move mirrors Australia, which banned credit card gambling in mid-2024. New Credit Card Restrictions Revealed The New Zealand Government announced that licensed online casinos can no longer accept credit card deposits. Internal Affairs Minister Brooke van Velden highlighted this restriction as a key part of the Online Casino…

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Congressional Inquiry Targets CNN–Kalshi Prediction Market Collaboration

Congressional Inquiry Targets CNN–Kalshi Prediction Market Collaboration

Key Moments: Congressman Abe Hamadeh formally questioned the CFTC about the partnership between Kalshi and CNN. Hamadeh raised concerns about potential conflicts of interest and risks to market integrity and national security. The CFTC has 30 days to respond and clarify its regulatory stance. Legislative Scrutiny of Media and Prediction Markets US Congressman Abe Hamadeh asked the Commodity Futures Trading Commission (CFTC) to explain how it is reviewing the new partnership between Kalshi and CNN. He cited concerns about regulatory compliance and broader risks. On December 16, Hamadeh, a Republican…

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Caesars Prepares to Launch New Sportsbook at Rampart Casino in Summerlin

Caesars Prepares to Launch New Sportsbook at Rampart Casino in Summerlin

Key Moments: Caesars Entertainment has announced a partnership with Rampart Casino to open a Caesars Sportsbook. The launch is targeted for early 2026, pending regulatory approval. As part of the plan, the new sportsbook will offer in-person registration for the Caesars Sportsbook mobile app, mobile cash services, and 20 betting kiosks across the property. Currently, Caesars Sportsbook operates in 34 states and jurisdictions. The mobile app launched in 2021, while a digital wallet feature is scheduled for June 2025. Strategic Partnership and Planned Launch Caesars Entertainment has revealed plans to…

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