News

Overview of Prediction Markets Growth Eilers and Krejcik Gaming (EKG) recently presented an industry analysis highlighting significant changes within the US prediction market landscape. Their report emphasizes how prediction markets are evolving into large-scale trading platforms. Unlike traditional sportsbooks, which require licenses for each state and must comply with state taxation, prediction markets aim for […]

NBA Expansion Prospects and Challenges Las Vegas has been frequently mentioned as a prime candidate for NBA expansion, teetering between seeming inevitable and uncertain. This anticipation grew stronger after NBA Commissioner Adam Silver indicated that the league plans to announce its expansion decision sometime next year, signaling a likely progression in the near future. Complexities […]

Legal Challenges Cast a Shadow Over Playtech’s Market Performance Throughout the year, Playtech’s stock has struggled under persistent uncertainty linked to its ongoing legal dispute with Evolution, a major live casino supplier. Despite this, financial experts suggest that the market has overlooked the substantial intrinsic value embedded within Playtech’s diverse investment holdings. However, the unfolding […]

ITV’s Entry into Online Gambling ITV, the leading free-to-air commercial broadcaster in the UK, is preparing to launch a real-money online gambling platform in early 2024. This initiative comes through a collaboration with Gibraltar-based Richmond Atlantic, leveraging technology provided by Malta-based Gaming Innovation Group (GiG). What Will the ITV Win Platform Offer? The new gambling […]

Overview of the Fine The United Kingdom’s Gambling Commission (UKGC) has imposed a fine of £2 million, roughly equivalent to $2.68 million, on Paddy Power Betfair. This penalty stems from the UK’s regulator identifying delays and failures in the company’s response to customers exhibiting risky betting behavior. Details of the Social Responsibility Breaches The penalty […]

The United States Internal Revenue Service (IRS) has announced significant revisions to the federal reporting requirements for casino winnings, marking the first update in over fifty years. New Reporting Threshold for Casino Winnings Set at $2,000 Since 1977, casinos have been obligated to file a Form W-2G if a player wins $1,200 or more on […]

Introduction to SpinCore Group Two prominent European iGaming operators have joined forces to launch a new venture aimed at transforming the gaming entertainment landscape. Named SpinCore Group, this collaboration stems from the partnership between Hard Rock Casino Netherlands and the renowned Belgian gaming company Blitz Group. Combining Global Reach with Local Expertise SpinCore Group is […]

Need for Federal Oversight in Sports Gambling Senator Richard Blumenthal emphasizes the importance of increased federal involvement in the regulation of sports gambling. Rather than banning gambling outright, he advocates for a comprehensive national approach that addresses the challenges linked to gambling, particularly the rise in problem gambling cases. Core Concerns: Addiction and Corruption in […]

PointsBet Holdings, a prominent Australian betting firm, has announced that Andrew Catterall will take over as the new chief executive officer, succeeding Sam Swanell. Catterall is currently the CEO of PointsBet Australia and brings a wealth of experience to the group CEO role. Andrew Catterall’s Leadership Background Catterall is set to officially assume his new […]

Crypto.com Pulls Back Amid Regulatory Pressure Crypto.com has recently announced its withdrawal from several state markets, including Arizona, in response to increased regulatory scrutiny. This move follows a cease-and-desist order from the Arizona Department of Gaming targeting its prediction market offerings. State-by-State Exit and Strategic Realignment On December 12, Crypto.com ceased its prediction market services […]