News

Key Moments: The Namibian government has set a target of over N$100 million in gambling revenue by 2030 under the sixth National Development Plan (NDP6). Revenue from gambling increased from N$9.3 million in 2022/23 to N$32 million in the latest financial year, with more than 4,140 jobs supported in the sector. The first state lottery is in advanced preparation stages, projected to contribute significantly to national revenue and social development programs. Government Strategy Drives Sector Growth Namibia has outlined bold objectives for its gambling industry as part of the sixth…

Key Moments: The UK retail betting sector recorded £508 million between July and September 2025, a 5% year-on-year drop Online gambling gross gaming yield (GGY) reached £1.42 billion, marking an 8% increase over the same period last year Industry leaders raised concerns about the potential impact of rumored tax hikes, with major operators warning of widespread shop closures Decline in Retail Betting The UK’s retail betting landscape has experienced a marked downturn, with recent figures from the UK Gambling Commission revealing substantial shrinkage in the sector. From July to September…

Key Moments: PrizePicks has unveiled a multi-year agreement with Polymarket to provide event contracts in its upcoming prediction markets offering. PrizePicks became the first sports entertainment operator registered as a Futures Commission Merchant (FCM) by the NFA, authorizing it to offer CFTC-permitted derivatives contracts. DraftKings and Trump Media and Technology Group have also announced recent moves into the prediction markets sector. Partnership to Introduce New Prediction Market Experience PrizePicks, a leader in the daily fantasy sports sector, has confirmed a long-term partnership with Polymarket. This collaboration will allow customers to…

Key Moments: A Maltese court has supported Betway’s right to retain more than €30,000 in winnings after determining player rule violations. The player used a cousin’s Neteller account for deposits, connecting his account to previously self-excluded profiles. Betway refunded €18,721 in deposits as a “gesture of goodwill” while withholding the disputed winnings. Court Rules on Disputed Winnings The Civil Court First Hall has sided with Betway after reviewing the claim brought by Reegan Tharmalingam regarding €30,279 in withheld winnings. The court found that Tharmalingam had used a Neteller account registered…

Key Moments: Hacksaw Gaming has launched its game portfolio on Betnacional, expanding its presence in Brazil. The partnership increases Betnacional’s offerings with popular Hacksaw Gaming titles, enhancing its engagement with Brazilian players. Betnacional operates legally under Portaria SPA/MF No. 2.092/24 and actively sponsors major cultural and sporting events in Brazil. Integration with Betnacional Marks Major Expansion Hacksaw Gaming, a global iGaming provider, has rolled out its collection of games on Betnacional, recognized as one of Brazil’s premier online betting and casino platforms. Through this strategic alliance, Hacksaw Gaming introduces its…

Key Moments: Stake Peru has been named the official sponsor and betting partner of Fusion Fighting Championship-FFC Latam. The partnership was launched during FFC 98 and will culminate with FFC 100 on December 18. FFC 98 featured a welterweight title defense by James Llontop, who secured a TKO victory. Forging Strategic Ties in Latin American MMA Stake, recognized as a major online casino and sportsbook operator, announced that its Peruvian branch will officially back Fusion Fighting Championship-FFC Latam as an exclusive sponsor and betting partner. Moreover, this move highlights Stake’s…

Key Moments: Macau authorities have proposed a widespread gambling advertising ban but may permit exceptions for industry events and exhibitions. Consultation feedback highlighted the importance of limited promotion for businesses involved in gaming equipment and trade shows. Final legislation will specify exemptions, enforcement approaches, and reflect public and industry input. Government Seeks Input on Advertising Restrictions The Macau government is considering a comprehensive advertising prohibition targeting all forms of gambling promotions, as reported by the Macau News Agency. However, officials have indicated that certain exceptions may be granted, particularly for…

Key Moments: The Ontario Court of Appeal has decided that provincially regulated sites could permit peer-to-peer wagering with players outside Canada. The decision could revitalize participation in online poker and daily fantasy sports, which have seen stagnant growth in Ontario. Operators must await further cross-border regulatory safeguards before expanding global player access. Judicial Decision Expands Potential Player Pool A major legal development in Ontario may soon allow online poker and daily fantasy sports (DFS) participants to compete directly with international players, provided regulatory conditions are met. The Court of Appeal…

Key Moments: FanDuel has surrendered its Nevada licenses, and DraftKings has withdrawn related applications, following agreements with the Nevada Gaming Control Board (NGCB). The NGCB has underscored strong opposition to sports prediction markets, warning operators about legal risks in Nevada. Both companies will continue expanding event contract offerings outside Nevada, leaving the state’s sportsbook market to established operators. Operators Withdraw from Nevada Flutter Entertainment’s FanDuel has officially relinquished its Nevada gaming licenses, while DraftKings has ceased pursuing similar permits. This decision follows finalized agreements with the Nevada Gaming Control Board…

Key Moments: Lara Falzon has directed Yolo Group to prioritize long-term value over short-term profit. Yolo Group unified its core brands under Yolo.com in September 2025 to pursue Tier-1 regulated markets. The company has secured two vendor licenses in the UAE for its subsidiaries Hub88 Holdings and Live Online Gaming Services. Yolo Group Transitions from Crypto Origins to Compliance Yolo Group, once renowned for its achievements in the unregulated crypto casino sector, is now taking a fresh approach to business. Lara Falzon, B2B CEO, is spearheading a transformative move, shifting…