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163 results for “Covers”

The Macau skyline at dusk
Corporate

Citigroup Sees Macau September GGR Up 12% as CLSA Forecast 0.3%

Citigroup expects MOP20.5 billion for the month even though the first six days ran 10% below August's daily rate. Last week CLSA put September growth at 0.3% against a 9.5% consensus. Both are reading the same shoulder month, and the gap between them is the widest of the year.

A candlestick chart and order book on a dark trading screen
Prediction Markets

Underdog Drops Fantasy in Seven States to Keep Its Prediction Markets Running

Told by regulators in Maryland, Massachusetts, Michigan, Mississippi, New Jersey, Ohio and Pennsylvania that it could not offer both, Underdog has chosen its CFTC-registered event contracts over the draft games that built the company. Drafts close in those states on Wednesday evening, after the NFL season kicks off.

Marina Bay Sands in Singapore
General

Singapore's Betting Tax Take Rose 11.9% to S$3.6bn, the Fastest of Any Tax Line

Gambling duties and casino tax brought the Inland Revenue Authority of Singapore S$3.6 billion in the year to March, growing faster than corporate income tax or stamp duty. The report does not separate the casino take from the duties, which limits what can be read into it about Marina Bay Sands and Resorts World Sentosa.

Welcome to Illinois road sign
Prediction Markets

Illinois Lawmaker Files a Bill to Repeal the State's Prediction Market Tax

HB 5811 would strike the exchange wager tax Illinois enacted in its budget less than three months ago, along with the definition that brought prediction markets inside the Sports Wagering Act. The tax is already being challenged in court by Kalshi and the Commodity Futures Trading Commission, and the bill would not end that fight.

Brazilian 2 and 50 real banknotes on a white surface
Regulatory

Brazil's Budget Implies a 15% Selective Tax on Betting From 2027

The government's submission to Congress projects R$41.9 billion from the new Selective Tax. Divide the betting share by the estimated base and you get about 15%, though the Finance Ministry has set no rate and the honest range is wider.

A customer holds a smartphone over a card payment terminal on a shop counter to pay contactlessly
Regulatory

Poland Wired a Payment Scheme to a Blocklist. Brazil Deputised the Banks

BLIK now checks every transaction against the Finance Ministry's register of illegal gambling domains and declines the matches. Brazil is doing the same job by loading obligations onto banks and fintechs instead. Both are admissions that domain blocking stopped working.

An empty wood-panelled courtroom with the judge's bench, green desk lamps and evening light falling across the walls
Prediction Markets

New Jersey Asks the Supreme Court to Decide Who Regulates Kalshi

Five days after the Ninth Circuit split from the Third, New Jersey has filed for certiorari, one day before its deadline. The question is whether a federal commodities registration lets a company offer sports betting in every state while following the gambling law of none.

A judge in a black robe signs a document at a wooden desk, with a gavel, a microphone and a glass of water beside her
Prediction Markets

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.

A floodlit baseball stadium at dusk, with players on the field, full stands and a dark, cloudy sky above the lights
Prediction Markets

Kalshi Confirms Five MLB Deals It Had Been Running Unannounced

The Dodgers, Red Sox, Braves, Padres and Giants are Kalshi partners, and had been for weeks before anyone said so. Three of the five are in California, where no state lawsuit has been filed and the lobbying has already started.

Russia Opens a Crypto Door and Caps It at 300,000 Roubles
Crypto

Russia Opens a Crypto Door and Caps It at 300,000 Roubles

The Bank of Russia has widened who counts as a qualified investor days before the regulated market opens, adding a route through domestic exam certificates. Everyone else gets Bitcoin, Ethereum, Tether and a ceiling of about $3,800 a year.

The Sydney Opera House and harbour
Regulatory

Australia Passes Its Biggest Gambling Reform, Banning Ads in Live Sport

Parliament cleared the package on 19 August. Wagering ads disappear from live sport, from stadiums and from players' shirts, athletes and influencers can no longer promote betting, and a single national register will let Australians switch the advertising off everywhere at once. It commences on 1 January 2027.

A hand holding a payment card beside a laptop keyboard
Regulatory

Danish Regulator Bars Inpay From New iGaming Clients Over AML Failings

Finanstilsynet has ordered the Copenhagen payments firm to stop taking on new online gaming business customers until it can document that serious money-laundering control failures have ceased. Inpay says its board had already paused that onboarding three weeks before the ruling landed.

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