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Sports Betting

Sports Betting news

Operators, platforms, and the global sportsbook market.

Tax Reform Triumph As Nigeria Abolishes VAT On Gambling Stakes
Regulatory

Tax Reform Triumph As Nigeria Abolishes VAT On Gambling Stakes

The Nigerian Tax Act 2025 has officially eliminated VAT on gambling stakes as of 1 January 2026. This landmark legislation aligns Nigeria with international tax standards and provides much-needed clarity for the sports betting and lottery sectors. While stakes are now exempt, operators must still pay tax on service fees and commissions.

Tennessee Regulators Launch Massive Offensive Against Global Prediction Giants
Prediction Markets

Tennessee Regulators Launch Massive Offensive Against Global Prediction Giants

Tennessee regulators have issued a stern ultimatum to Kalshi and Polymarket demanding an immediate halt to all sports wagering activities within the state. The move follows allegations that these platforms are bypassing local gambling laws by offering unlicensed sports event contracts to residents. Companies have until the end of January to refund all customer deposits or face heavy fines and potential criminal investigation.

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