News

Key Moments: Winvia Entertainment has begun trading on the London Stock Exchange AIM under the ticker WVIA The company raised £40m through its IPO, achieving a £205m valuation A voluntary code for Prize Draw Competitions is set to be introduced this year, with no immediate regulation Winvia’s Market Debut and Strategic Direction Winvia Entertainment has officially started trading shares on the London Stock Exchange’s Alternative Investment Market (AIM), under the ticker symbol WVIA. The prize draw and igaming operator generated £40m from its initial public offering, entering the market with…

Key Moments: The Wisconsin Senate Committee on Agriculture and Revenue has initiated hearings on Senate Bill 592, aiming to permit mobile sports betting through partnerships with the state’s 11 federally recognized tribes. The proposed bill would create a “hub-and-spoke” framework, requiring all betting servers to be located on tribal land in accordance with the Indian Gaming Regulatory Act (IGRA). Industry stakeholders and tribal nations have expressed early support and opposition, with major concerns centered around the proposed 60% revenue share for partner tribes. Senate Bill 592 Debuts in Legislature Formal…

Key Moments: The District 9 Senate seat race has become pivotal in Texas’s ongoing discussion about gambling legislation John Huffman has secured over $3 million in support from corporate donors and PACs, while Leigh Wambsganss has collected about $250,000 from conservative groups Recent polls show that over 70 percent of Texans back casino legalization through public referendum Election Overview The special election in Tarrant County for Texas Senate District 9 has unexpectedly gained state-wide importance, largely due to its potential influence on future gambling laws. The vacancy left by Republican…

Key Moments: The Chamber of Deputies approved a bill to prohibit all advertising related to online betting platforms The measure now awaits discussion in the Senate, with key deliberations pending in various committees Article 8 of the bill aims to ban the promotion, sponsorship, bonuses, and influencer endorsements for gambling Legislative Progress and Political Debate A legislative initiative to tighten regulation of online gambling advertisements in Argentina is advancing. The bill, brought forth by the Civic Coalition (Coalición Cívica), passed the Chamber of Deputies in November 2024 with 140 votes…

Key Moments: Crypto.com partners with Hollywood.com to offer event contracts on actors, movies, TV shows, and more Robinhood rolls out new event contracts tied to major award shows and pop culture events Firms shift focus to entertainment markets amid scrutiny of sports event contracts by U.S. states Strategic Alliances Emerge in Entertainment Markets Crypto.com and Robinhood Markets (NASDAQ: HOOD) have both made significant pushes into entertainment and pop culture event contracts, aiming to capture increased interest from prediction market traders. Crypto.com, an established player in this sector, recently entered into…

Key Moments: Cibelae representatives joined the “Women in the World of Gambling” webinar organized by the Superintendence of Gaming Casinos of Chile on October 20. The event highlighted policies supporting gender diversity, leadership opportunities for women, and inclusive workplace initiatives across key organizations. Cibelae announced Responsible Gaming Week, set for November 24 to 28, which will include insights on sustainability and responsible gaming trends. Fostering Diversity in Gaming Representatives from the Ibero-American Corporation of State Lotteries and Gambling (Cibelae) participated in the “Women in the World of Gambling” webinar, hosted…

Key Moments: Compass Point raised Robinhood’s price target to $161 and reasserted a Buy rating Prediction market revenue for Q3 is estimated at $20 million, over double the prior quarter Robinhood shares increased up to 5% after the update, with more than 250% year-to-date growth Compass Point’s Upward Revision Compass Point Research & Trading has elevated its price target for Robinhood (HOOD) from $105 to $161, reaffirming its Buy recommendation. This shift follows mounting revenues across several business segments, particularly in prediction markets, equities, options, and cryptocurrency-related activities. $HOOD ROBINHOOD…

Key Moments: The UK Gambling Commission and the Netherlands Gambling Authority have signed a renewed Memorandum of Understanding to intensify cooperation against illegal gambling activities. The new agreement enables both regulators to share intelligence, conduct joint investigations, and implement staff exchanges. The UKGC has established similar MoUs with Ireland’s Gambling Regulatory Authority and the Malta Gaming Authority. Strengthening Cross-Border Regulatory Efforts The UK Gambling Commission and the Netherlands Gambling Authority have formalized a renewed Memorandum of Understanding (MoU) aimed at intensifying efforts to combat illegal gambling. The signing took place…

Key Moments: Betsson now holds over 25 local licenses, marking substantial regulatory adaptation The company unified its brand portfolio to extend its reach to more than one billion people globally Betsson has secured approximately 40 football sponsorships and 15 brand ambassadors across 12 markets Industry Evolution Spotlighted at SiGMA Central Europe 2025 During SiGMA Central Europe 2025, Betsson Group’s Chief Commercial Officer, Ronni Hartvig, outlined the operator’s continuous evolution in response to intensifying regulation within the iGaming landscape. Speaking on the Regulatory Stage, Hartvig elaborated on how Betsson balances global…

Key Moments: The Irish Bookmakers Association (IBA) has warned that raising the betting duty could lead to widespread shop closures and significant job losses. The number of operational betting shops in Ireland has dropped to 714, nearly half of the 1,385 recorded in 2008. Betting operators collectively contribute over €170 million annually to the Exchequer but are experiencing collapsing profitability due to rising costs and taxes. Calls for Tax Stability The Irish Bookmakers Association (IBA), representing both retail and online betting operators, has urged the government to retain the current…