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Key Moments: DraftKings (NASDAQ: DKNG) reduced its 2025 EBITDA target to $450 million-$550 million, with revenue guidance set at $5.9 billion-$6.1 billion The updated projections account for launching mobile sports betting in Missouri and DraftKings Predictions The company’s share repurchase authorization has doubled to $2.0 billion as of August 2024 Financial Outlook Revised for 2025 DraftKings (NASDAQ: DKNG) saw its stock decline in Thursday’s after-hours trading after announcing downward revisions to its 2025 financial targets. The online sportsbook operator now expects adjusted EBITDA between $450 million and $550 million and…

Key Moments: The 6th Business Court of Rio de Janeiro has permanently barred BetFla from using Flamengo’s branding, with a R$50,000 daily penalty for violations BetFla has been ordered to pay R$50,000 in moral damages, while further material damages will be determined in future proceedings Flamengo’s master sponsorship agreement with Betano, announced in August 2025, secures the club over R$260 million per year through December 2028 Legal Decision Safeguards Flamengo’s Identity Clube de Regatas do Flamengo, widely known for its status in Brazilian football, has won a legal dispute against…

Key Moments: Documents published on 3 November 2025 detailed Playtech’s contracts with Black Cube, linking payments to actions against Evolution. Regulatory investigations in New Jersey and Pennsylvania were launched following the publication of a critical report, with Playtech paying Black Cube £675,000 after achieving related milestones. Legal costs borne by Playtech have reached several million pounds, with ongoing payments documented through October 2025. Legal Disclosures Shine Light on Playtech’s Collaboration with Black Cube On 3 November 2025, court documents released in New Jersey offered a rare look inside the strategic…

Key Moments: Effective July 17, 2025, withholding tax on player winnings increased from about 15% to between 20% and 25%. Industry experts have warned that rising taxes may push bettors toward unlicensed offshore platforms. The reforms are intended to boost state revenue and promote responsible gambling, according to Ethiopian authorities. New Tax Measures Set to Transform Ethiopian Betting Market Ethiopia is undergoing a major shift in its gambling landscape following the implementation of a new tax framework. Proclamation No. 1395/2025 has introduced changes that have already caused significant reaction within…

Key Moments: NBA representatives have met with congressional staff to address ongoing betting controversies. Federal charges were filed against Terry Rozier, Chauncey Billups, and Damon Jones for alleged involvement in illegal gambling schemes. Senators requested a detailed NBA integrity report by November 10 amid rising concerns about league oversight and sportsbook partnerships. Congress Investigates Rising Betting Issues in the NBA NBA officials convened with congressional staff on Capitol Hill in response to intensifying concerns over the league’s betting scandals and business ties with leading sportsbooks. The closed-door meeting, which lasted…

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…