Author: OnlineGamblingDaily

New York-based prediction market startup Pascal has closed a $9 million Series A funding round led by Union Square Ventures. The raise builds on a $6 million seed round the firm closed last August with backing from Wintermute Ventures and DBA. Pascal enters a sector dominated by Kalshi and Polymarket, whose valuations put the industry’s two largest platforms at a combined figure north of $37 billion.   Kalshi, a CFTC-cleared exchange focused primarily on US retail users, carries a valuation of roughly $22 billion and is reportedly in talks to raise new funding that could roughly double that number. Polymarket,…

Online gambling operator Betsson reported record quarterly revenue for the second quarter of 2026, but higher gaming taxes in regulated markets and weaker business-to-business (B2B) revenue weighed on profitability despite strong growth in Latin America and increased betting activity around the FIFA World Cup.  Revenue for the three months ended June 30 rose 2.1% to a record €310.2 million ($361.9 million), while organic revenue growth was 6.1%. However, operating income fell 38.9% to €42.2 million, EBITDA declined 30.5% to €58.5 million, and net income dropped 38.2% to €30.4 million. Chief Executive Officer Pontus Lindwall attributed the weaker profitability to the…

Alberta officially launched its regulated commercial iGaming market this week, becoming the second Canadian province after Ontario to open online sports betting and casino gaming to private operators. The rollout marks a significant milestone for the country’s gaming industry, with multiple licensed brands going live on day one and dozens more expected to enter the market in the coming months. In this exclusive interview with Yogonet, Paul Burns, President & CEO of the Canadian Gaming Association (CGA), discusses the significance of Alberta’s launch, the lessons drawn from Ontario’s experience, expectations for channelization and consumer protection, and why the new framework…

The Argentine Association of State Lotteries (ALEA) has introduced an updated Code of Best Practices for Responsible Commercial Communication in Online Gambling, designed as a reference framework to promote common standards among regulators, licensed operators, and other stakeholders involved in the sector. The updated code was officially presented on July 16 at ALEA’s conference center in Buenos Aires, providing an opportunity to review its main guidelines, discuss its scope, and exchange views on its implementation. According to Ida López, President of the Provincial Institute of Gaming and Casinos of Mendoza and of ALEA, “this new version updates and expands the…

Alliance Global Group Inc. (AGI) has completed its acquisition of Genting Hong Kong Ltd.’s remaining interests in Newport World Resorts and related companies, ending their joint venture that began in 2009. In a Philippine Stock Exchange filing, AGI said all conditions for the transaction had been fulfilled, and the shares were transferred to Newport World Resorts Philippines Inc. (NWRPI) on July 15. The acquisition covers the equity interests held by Star Cruises Philippines Holdings B.V., Asian Travellers Ltd., and Premium Travellers Ltd., all ultimately owned by Genting Hong Kong. Following the completion of the transaction, Genting Hong Kong no longer holds…

A proposed class-action lawsuit accusing Stake.us of operating an illegal online gambling platform in Minnesota will proceed in federal court after a judge denied the company’s motion to compel arbitration. The complaint asserts five causes of action on behalf of plaintiff Chris Wolters and a proposed class of similarly situated Minnesota users. Wolters is seeking to recover gambling losses under Minnesota Statutes Section 541.20 and alleges violations of the Minnesota Consumer Fraud Act, the Minnesota Deceptive Trade Practices Act, and the Minnesota False Statement in Advertising Law. The lawsuit also includes an unjust enrichment claim. Wolters filed the lawsuit in…

The highly anticipated WSOP final table is officially set following a grueling summer of record-breaking poker action in Las Vegas. After weeks of intense competition at the Horseshoe and Paris Las Vegas casinos, the 2026 World Series of Poker $10,000 No-Limit Holdem World Championship has narrowed its massive field down to the final nine players. A total of 9,208 entrants registered for this year’s tournament, making it one of the largest fields in poker history. The remaining nine competitors are each guaranteed a minimum payout of $1,000,000 just for making it this far. However, they all have their eyes fixed…

International betting operator 1win has added a series of cryptocurrency-focused prediction markets to its Markets product, extending the platform into forecasts tied to some of the industry’s most closely followed digital assets. The new listings let users take positions on what price will the HYPE token trade at by the end of 2026, whether HYPE will surpass Solana (SOL) in market capitalization before December 31, 2026, where XRP’s price will land during 2026, and where Dogecoin (DOGE) will finish the year. 1win Markets runs on a “Yes” or “No” format, or a choice between a small set of clearly defined outcomes,…

In this article, MelBet previews UFC Fight Night 281, where its global ambassador and former welterweight champion Kamaru Usman returns to the Octagon for a highly anticipated showdown with former middleweight champion Dricus du Plessis. On July 18, MMA fans’ attention will be focused on one of the most anticipated fights of the year. In the main event of UFC Fight Night 281, MelBet’s global ambassador and former welterweight champion, Kamaru Usman, known as The Nigerian Nightmare, faces former middleweight champion Dricus du Plessis.  Two champions, one goal This bout features two former champions, both looking to stage a comeback.…

Limerick and Galway face off in the 2026 All-Ireland Senior Hurling Championship Final on Sunday at Croke Park, with the Liam MacCarthy Cup on the line. Limerick are aiming to reclaim the title after winning five All-Ireland championships in six seasons through 2023. Galway return to the final for the first time since 2018, when they lost to Limerick in the decider. Both finalists earned their places through demanding semi-final victories. Galway produced one of the shocks of the championship by defeating a heavily favoured Cork side, limiting the Rebels’ attacking threat after half-time. Limerick followed with a dramatic comeback…

A potential Las Vegas NBA expansion franchise remains highly anticipated, but the league held no vote during its latest meetings. Speaking to reporters after the meetings in July 2026, NBA Commissioner Adam Silver expressed strong optimism about bringing a team to Southern Nevada. Although no official ballot was cast this week, Silver highlighted the league’s deep relationship with the city. This connection is underscored by the high-profile Las Vegas NBA Summer League, which has been hosted in the market since 2004. Silver noted that intense interest from potential ownership groups is encouraging, and he expects a clear resolution by the…

Greece has approved a new DNS-based enforcement framework to strengthen its crackdown on illegal online gambling, introducing faster website blocking and domain suspensions. The Hellenic Gaming Commission (EEEP) announced a cooperation agreement with the Hellenic Telecommunications and Post Commission (EETT) to improve the identification and blocking of unlicensed gambling websites. The initiative is part of the government’s proposed New Gambling Framework bill, drafted by Minister of National Economy and Finance Kyriakos Pierrakakis, which aims to strengthen enforcement against Greece’s growing online gambling black market. Under the new framework, the EEEP will move beyond maintaining a public blacklist of illegal gambling…

Germany’s Joint Gambling Authority of the Federal States (GGL) has approved an amendment allowing licensed online slot operators to raise stakes beyond the previous €1 ($1.15) per-spin limit, effective this July. The €1 cap remains the statutory default, but GGL-licensed operators can now apply for approval to offer stakes of up to €3 or €5 per spin, subject to player eligibility requirements. Players must be at least 21 years old to access the €3 limit. The €5 limit is reserved for players who have shown no indicators of “problematic” gambling behavior within the preceding 90 days. Operators that implement the higher…

Swedish state-owned gambling operator Svenska Spel reported its strongest second-quarter performance since Sweden re-regulated its gambling market in 2019, as higher customer engagement during the 2026 FIFA World Cup boosted revenue and profit. Net gaming revenue for the three months ended June 30 rose 7% year-on-year to SEK1.96 billion ($202 million), while operating profit increased 13% to SEK617 million ($64 million). The company’s operating margin improved to 31% from 30% a year earlier. Svenska Spel attributed the performance to growth across its Eurojackpot, Lotto, Oddset and casino offerings, with the World Cup driving higher revenue and customer activity in its…

Negotiations regarding a potential MGM takeover have intensified as MGM Resorts International established a special board committee and appointed financial advisers to evaluate a proposal from media mogul Barry Diller. According to reports from the Wall Street Journal, discussions between the casino operator and Dillers firm, People Incorporated, accelerated this month, although sources caution there is no guarantee a final agreement will be reached. The latest developments in the MGM takeover process follow an offer made by Diller on June first. Under that proposal, Diller offered forty-eight dollars and thirty cents per share to acquire the remaining portion of MGM…

A pending Supreme Federal Court case involving Rio Grande do Sul could determine whether Brazilian states and municipalities may impose betting advertising restrictions beyond federal rules, with direct implications for a decree issued by Rio de Janeiro this week. Rio Grande do Sul Law No. 16.508/2026, sanctioned by Governor Eduardo Leite on April 24, is being challenged in ADI 7.971. The law regulates betting campaigns, sponsorships and marketing across the state, requires warnings covering at least 15% of advertisements, compared with the 10% federal standard, and mandates information on addiction and psychological support. It also restricts betting advertisements on television,…