News

Key Moments: Gemini has filed with the CFTC to launch a derivatives exchange for prediction contracts, and the application remains under review Kalshi and Polymarket both reported over $1 billion in weekly trading volume between late October and early November Gemini’s stock has declined about 40% since its IPO, and its first earnings report is expected on November 10 Regulatory Path and Expansion Plans Gemini Space Station, listed on the NASDAQ and led by Tyler and Cameron Winklevoss, is moving to establish itself within the growing field of prediction markets.…

Key Moments: The Wisconsin Senate Committee on Agriculture and Revenue held a hearing on Senate Bill 592, sparking debate on online sports betting legalization and implementation. The Sports Betting Alliance raised economic concerns over a proposed 60% revenue share with state tribes, arguing it would make market entry unviable for major brands. Tribal representatives and major Wisconsin sports teams have endorsed the legislation as written, emphasizing new revenue streams and local control. Legislative Push for Digital Sports Wagering The Wisconsin Senate Committee on Agriculture and Revenue recently gathered stakeholders to…

Key Moments: 58% of Indiana voters polled oppose online casino legalization after learning about iGaming specifics In 2025, 57% of U.S. adults reported gambling in the past year, with 90% viewing casino gaming as socially acceptable YouGov–Economist survey shows 64% of Americans suspect professional athletes sometimes alter their play for gamblers Indiana Voters Push Back on iGaming Expansion Indiana remains a state resistant to online casino gaming, as residents display notable skepticism toward digital gambling compared to the trend of increasing nationwide acceptance. In an October survey of 502 registered…

Key Moments: Five Democratic lawmakers from Illinois have put forward House Bill 4171 to stop municipalities like Chicago from enacting local taxes or fees on sports betting. The bill conflicts with Mayor Brandon Johnson’s proposal for a 10.25% local tax on online sports betting revenue, aimed at raising about $26.2 million annually. If passed, the legislation would eliminate local taxes on sports betting, including existing levies in Cook County and Chicago. Legislative Push Against Local Betting Taxes Five Democratic members of the Illinois House have introduced House Bill 4171 (HB4171),…

Key Moments: Finance Secretary Ralph Recto has voiced opposition to a total online gambling ban and backed tighter regulations for the sector PAGCOR reported a 49 percent increase in net income to PHP 14.32 billion (€227 million) from January to September 2025 Recent restrictions on e-wallet connectivity led to decreased player activity and a notable revenue decline since August 2025 Policy Debate Intensifies Over Online Gambling Oversight The discussion about the future of online gambling in the Philippines has taken center stage, with Finance Secretary Ralph Recto making it clear…

Key Moments: Blockchain technology has introduced rapid and transparent cryptocurrency transactions to online casinos and sports betting. Rewards systems such as token-based incentives and NFTs are evolving gameplay into an ecosystem of tradable value. European regulators have begun recognizing crypto payments, increasing market confidence and driving innovation in the iGaming sector. The Shift Toward Crypto-Enabled Betting The integration of blockchain has brought substantial change to the world of online gambling, particularly in the sports betting segment. Cryptocurrency deposits and withdrawals now provide unprecedented speed and efficiency, eliminating delays and banking…

Key Moments: Bank of America shifted DraftKings and Flutter Entertainment from Buy to Neutral due to industry-wide challenges BofA reduced its 2026 EBITDA forecasts for both companies and cut their price targets Tax pressures, margin volatility, and regulatory uncertainties are weighing heavily on sportsbook operators BofA Adjusts Outlook in Response to Intensifying Pressures Bank of America (BofA) has revised its ratings for DraftKings and Flutter Entertainment, moving both from Buy to Neutral. According to the bank, these leading sports betting companies are facing a convergence of challenging trends that may…

Key Moments: The presence of a valid operating license from recognized authorities like Curaçao, Malta, or the UK signals a trustworthy bookmaker. Trusted betting operators utilize SSL encryption and disclose clear terms to protect players’ personal and financial data. Effective account verification and understanding withdrawal rules help bettors avoid common pitfalls during transactions. Critical Aspects When Selecting a Reliable Bookmaker For anyone new to sports betting, identifying a secure platform for wagering is an essential starting point. While promotional offers and attractive site aesthetics are prevalent, the primary concerns should…

Key Moments: Lottomatica reported €1.64 billion in total revenue for the nine months ending 30 September 2025, reflecting 16% year-on-year growth The SKS365 acquisition (now PWO) was fully integrated ahead of schedule, with two-thirds of anticipated synergies expected to materialize within 2025 Online operations led performance, contributing €688.9 million in revenue, a 27% increase year-on-year Disciplined Approach to Mergers and Acquisitions Lottomatica Group CEO and chairman Guglielmo Angelozzi highlighted the company’s disciplined, value-driven approach to mergers and acquisitions. This statement followed robust financial results for the nine months ending 30…

Key Moments: The African iGaming Alliance (AIA) and International Betting Integrity Association (IBIA) signed a Memorandum of Understanding (MoU) on 4 November 2025, establishing a collaborative partnership. Between 2020 and Q3 2025, IBIA flagged 131 instances of suspicious betting activity related to African sports, with football and tennis accounting for most warnings. IBIA tracks over 1.5 million sports events globally each year and monitors $300 billion in annual bets through its network of more than 90 operators and 200 gaming brands. Strategic Partnership to Safeguard African Betting Markets On 4…