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News
Germany Raids Suspected Illegal Gambling Network over $6.7B in Stakes
2+ day, 11+ hour ago (466+ words) German authorities have moved against a suspected illegal online gambling network after an investigation lasting more than three years. Prosecutors estimate the operation raked in billions of euros in gambling stakes while avoiding the licensing and tax requirements that operators…...
VGW Agrees to Pay an $8M Settlement in New York
2+ day, 21+ hour ago (243+ words) The attorney general’s office officially announced that sweepstakes operator VGW has agreed to pay $8 million and avoid a legal battle concerning its alleged illegal gambling activities. In 2025, VGW received a cease-and-desist letter from the attorney general’s office and subsequently stopped…...
Two More Former UK Officials Plead Guilty in Election Gambling Probe
2+ day, 21+ hour ago (296+ words) Two more UK Conservative Party officials have admitted to gambling fraud. The couple allegedly used confidential information about the date of the 2024 UK general election to place bets before the date was announced publicly. With more defendants still awaiting trial,…...
Bet365 Ends 340 Jobs Amid Regulatory and Tax-Related Pressures
3+ day, 2+ hour ago (379+ words) Bet365 has become the latest UK operator to put jobs on the chopping block amid regulatory and tax headwinds. According to the announcement, roughly 340 jobs will be cut as part of the downscale. According to the announcement, bet365 will put an end…...
Iowa Federal Judge Deals Another Blow to Kalshi as State Allowed to Apply Gaming Laws
3+ day, 10+ hour ago (424+ words) Kalshi has been battling on all fronts, with gaming regulators insisting the platform has been offering unauthorized markets on sports event outcomes. The platform – and regulators – have been duking it out in courts, with a federal judge in Iowa now…...
Citizens Argue Sports Betting Cannibalization from Prediction Markets May Be Slowing Down
3+ day, 12+ hour ago (389+ words) Citizens Equity Research analyst Jordan Bender has taken a look at the current relationship between traditional sports betting and prediction markets, arguing that the previously feared cannibalization may be overestimated. In fact, Bender argues in a new report to clients…...
No Pause: Red Rock Casino Must Bargain With Culinary Union
4+ day, 8+ hour ago (544+ words) The US Supreme Court has rejected Red Rock Casino’s emergency request to temporarily block a lower court order requiring the Las Vegas property to recognize and bargain with Culinary Union Local 226. Chief Justice John Roberts denied the emergency application on…...
BofA Says Sports Gambling Is a Poor Bargain for Bettors
4+ day, 10+ hour ago (379+ words) Bank of America is now fairly certain that sports betting is a bad deal for gamblers, who are taking back roughly $0.75 on the dollar on every bet they place. The BofA comments are specifically targeted at people who think they…...
Bet365 Arrives in Washington, D.C. in Time for NFL Kickoff
4+ day, 11+ hour ago (332+ words) After rumors first swirled in August, bet365 is finally delivering, and the company has officially confirmed the launch of its dedicated sportsbook in Washington, D.C. In this 19th jurisdiction, the operator is now up and running across the United States. The move comes…...
PhilWeb and JKS Tech Sign $67.4M Cross-Investment Pact
4+ day, 12+ hour ago (501+ words) PhilWeb Corp. and JKS Tech Solutions Inc. have signed a major cross-investment deal worth some $67.4 million, solidifying their positions in the growing digital gaming and technology market in the Philippines. Under the agreement, JKS Tech will acquire an 81.38 million share…...