iGaming Industry News

Breaking news, analysis, and insights from the global iGaming industry

S&P Says Genting Is One Downgrade From Fallen Angel, a Day After Fitch

3 min read•Sep 8

Regulatory

Two Black-Market Studies Land in a Day: €12bn in Europe, $50bn Worldwide

3 min read•Sep 8

Interviews

Håvard Lehn: Esports Has Been Poorly Run and iGaming Has Paid the Bills

7 min read•Sep 4

Latest News

RegulatoryAug 31

Canada's Regulators Say Sports Event Contracts Are Not Theirs to Regulate

Canada's securities regulators have declined to bring sports and entertainment event contracts inside the securities framework, and told their dealer members not to trade them. Coming a day before the Ninth Circuit reached a parallel conclusion, it leaves prediction markets without a financial-regulation route into two more jurisdictions.

Antonina Tupikova

2 min read

CorporateAug 31

Star Posts AU$307m Loss as Auditors Again Flag Doubt Over Its Survival

The headline number improved and the underlying business stopped bleeding, but Star's auditors still cannot say it will be able to pay its bills, and a leaked recording of its chief executive has handed the New South Wales regulator a fresh governance problem in the same week.

Antonina Tupikova

3 min read

Prediction MarketsAug 31

Ninth Circuit Rules Kalshi's Sports Contracts Are Not Swaps in 3-0 Nevada Win

A federal appeals court has rejected the argument on which the entire prediction market industry rests, holding that a sporting result is not the kind of event the Commodity Exchange Act was written to cover. It is the clearest defeat Kalshi has suffered, and it points directly at the Supreme Court.

Antonina Tupikova

3 min read

RegulatoryAug 28

Ontario Fines NorthStar CA$100,000 Over a Single Player Account

The regulator found the operator failed to escalate a customer whose disclosed occupation was high risk and whose deposits reached about $189,395. NorthStar did not dispute the finding.

Antonina Tupikova

2 min read

RegulatoryAug 28

Brazil Will Fund a New Security Ministry With 30% of Betting Tax

Lula confirmed on national television that he intends to split the Justice ministry once the Senate passes PEC 18/2025. The amendment routes 30% of betting revenue to the police and prison funds, in the same month a bill was filed to abolish the market.

Antonina Tupikova

2 min read

Prediction MarketsAug 28

A $3m Kalshi Trade Matches Lane Kiffin's Bonus Almost to the Dollar

Five block trades on Louisiana State University's season pay out exactly the coach's national championship bonus. This is the clearest evidence yet that sports event contracts hedge something real, and it did not come from a retail trader.

Antonina Tupikova

2 min read

CorporateAug 28

DraftKings Signed a $30m Deal With Its President's Company Before He Left

A securities filing shows the operator agreed to pay up to $30 million over three years to HardScope, wholly owned by co-founder Matt Kalish, six weeks before he stepped down. The audit committee that approved it is appointed by a board he sat on.

Antonina Tupikova

2 min read

Prediction MarketsAug 28

Kalshi Loses in Montana Because It Kept Agreeing to Pause the Case

Judge Donald W. Molloy refused a preliminary injunction on irreparable harm, holding that repeatedly agreeing to stay the case fatally undermined the claim of urgency. Connecticut lost its emergency application the same week.

Antonina Tupikova

2 min read

CorporateAug 27

EGBA Names Pierre Tournier Interim Chief After 13 Years of Haijer

The European Gaming and Betting Association changes leadership on 1 September, with Maarten Haijer stepping down after 13 years as Secretary General. His successor has named the illegal market as the priority.

Antonina Tupikova

2 min read

CorporateAug 27

Macau Legend Loss Narrows 90% and Almost None of It Is Trading

A Hong Kong filing puts the half-year loss at about HK$136.8m against HK$1.42bn. Strip out last year's impairment and the comparison is HK$148.6m, an improvement of roughly 8%.

Antonina Tupikova

2 min read