Author: OnlineGamblingDaily

Three people connected to the UK Conservative Party have received suspended prison sentences for cheating offenses tied to bets on the date of the 2024 general election. Anthony Lee, the party’s former director of campaigning; his wife, Laura Lee (née Saunders), the party’s former head of international and a Conservative candidate in the 2024 election; and Amy Hind, a former party staffer, appeared at Southwark Crown Court on October 23. All three had previously pleaded guilty to offenses under Section 42 of the Gambling Act 2005, according to the Gambling Commission. The case became a political embarrassment for the Conservative…

Bulgarian gaming equipment manufacturer EGT has ranked first among legal entities with the highest intellectual property application activity in Bulgaria for the second consecutive year, according to the 2025 edition of the National Map of Intellectual Property of the Republic of Bulgaria. The rankings were announced during the official presentation of the annual report at the University of National and World Economy (UNWE) in Sofia on October 22. EGT Digital was also recognized at the ceremony for its achievements in intellectual property. The National Map of Intellectual Property is an annual initiative led by UNWE in cooperation with national institutions…

N1 Partners will host Italian football legend Gianluigi Buffon at its booth on 3 November, the opening day of SiGMA World 2026 in Rome. Visitors to booth H3-3049 in Hall 3 of the Fiera di Roma exhibition centre can meet Buffon, take photos with him, and participate in a virtual penalty shootout. The event, called Beat the Star: Penalty Challenge, will allow participants to take five virtual penalties. Visitors can also enter a giveaway for a football and jersey signed by Buffon. Buffon won the 2006 FIFA World Cup with Italy and played for clubs including Juventus, Parma, and Paris…

Betsson AB reported a 23% decline in third-quarter EBITDA despite record revenue, as higher gaming taxes, reduced B2B licensing income, and rising operating expenses weighed on profitability. EBITDA fell to €63.4 million ($71 million) from €82.5 million, narrowing the margin from 27.9% to 19.4%. Operating income declined 31% to €46.1 million ($51.6 million), while gross profit dropped 5% to €181.1 million ($202.8 million). The earnings pressure coincided with a shift toward locally regulated markets, which accounted for 77.7% of revenue, compared with 63.8% a year earlier. Betting duties increased from €41.4 million to €69.4 million ($77.7 million), while operating expenses…

In this interview with Yogonet, Tom Light, founder and CEO of FIRST.bet, discusses the company’s strategy in Latin America following the uncertainty surrounding Brazil’s gambling market. He explains why the company remains focused on expanding across the region, highlighting its existing presence and opportunities. Light also shares his perspective on the role of sportsbook providers, the importance of product engagement, the challenges of scaling local businesses into Tier 1 operations, and how AI tools are shaping the way companies work. After everything that has happened in Brazil, what does it mean for FIRST.bet? Does it change the way you see Latin…

The Commodity Futures Trading Commission (CFTC) has told Novig and ProphetX not to list some sports event contracts they have self-certified, including micro bets that could be susceptible to manipulation. The agency ordered Novig not to list self-certified micro contracts, such as those based on which player will score the first points in a basketball game, and asked it to explain how the markets comply with federal law, according to a report from Front Office Sports (FOS). A CFTC spokesperson confirmed that the agency sent letters to Novig and ProphetX, the other prediction market operator that received a similar directive. “Any derivatives contract…

L & L Europe Limited will pay £900,000 (US$1.20 million) as part of a regulatory settlement with the UK Gambling Commission for regulatory breaches involving customer withdrawals, anti-money laundering controls, and social responsibility. The company operates seven gambling websites, including allbritishcasino.com, casinocasino.com, and hypercasino.com. The investigation found that the company had unfair withdrawal terms requiring customers to wait for an existing withdrawal request to be authorised before submitting another. The commission said the term was unfair under the Consumer Rights Act 2015. The operator also manually reviewed every fifth or tenth withdrawal for some customers, requiring them to provide additional…

AffPapa Conference Cancun 2026 will bring together approximately 600 iGaming industry professionals at Cancun Center from November 23 to 25, with Mexican gambling operator Caliente returning as headline sponsor for the second consecutive year. The event, described by organizers as Mexico’s first affiliate-focused iGaming conference, will allocate 40% of its attendance to affiliates, another 40% to operators and the remaining 20% to business-to-business (B2B) providers. The conference will also host the second edition of the AffPapa iGaming Awards LATAM, with an official ceremony scheduled for November 25. The awards will recognize affiliates, operators and B2B providers contributing to innovation across…

SiGMA World 2026 will bring together 30,000 gaming industry leaders in Rome from November 2 to 5, with two award ceremonies recognizing operators, suppliers, products, and individuals across the global and Italian gaming markets. The SiGMA World Awards and SiGMA Italia Awards will feature 56 award categories combined, with winners determined through a voting system that assigns 70% of the final score to judging panels and 30% to public votes. Nominations opened in August, and voting on the announced finalists will close October 26. The Italian ceremony will place particular emphasis on the country’s land-based gaming sector, with several categories…

SAHARA Las Vegas has officially become the first major resort on the Strip to accept cryptocurrency payments for gaming. The property announced that patrons can now fund their casino play using digital assets at its main cashier cage. This rollout marks a significant milestone for the local regulated gaming market by bridging traditional casino operations with modern financial technology. Under the new system powered by BurraPay, visitors can utilize popular digital currencies including Bitcoin, Ethereum, and Litecoin to obtain gaming chips or tickets. Guests wishing to use the service must visit the round-the-clock casino cage with a valid photo identification…

EDGE Markets expects to process more than $2 billion in transactions during the current NFL season, up from $1.2 billion last season, following the launch of EDGE Connect, which enables real-time fund transfers from EDGE Boost to partner prediction markets. The company processed more than $800 million in transactions during the first 44 days of the season, nearly four times the volume recorded over the same period last season. EDGE Markets provides financial services for prediction markets, gaming, and cryptocurrency. Its EDGE Boost product combines a special-purpose debit account with a Visa debit card, allowing users to keep trading funds…

FDJ United has lowered its 2026 targets after third-quarter revenue fell 8.1% to €794 million ($889.3 million), compared with €864 million ($967.7 million) a year earlier. The French group cited fewer large lottery jackpots, higher sports betting payouts, lower point-of-sale traffic and tax increases. For the nine months, the operator of France’s national lottery and the Unibet brand reported revenue of €2.57 million ($2.89 billion), down 5.6%. Gross gaming revenue (GGR), or stakes minus player winnings, dropped 2.8% to €6.26 million ($7.02 billion). Gaming tax increases cut revenue by €62 million ($69.4 million), or more than 2 percentage points. Forecast…

From November 3 to 5, at SiGMA World 2026 in Rome, the RedCore business group will open RedCore Town at booths H1-1047 and H1-1058, showcasing brands that address the full spectrum of digital business challenges, from fraud prevention and payments to communications infrastructure and traffic acquisition. Delegates will have the opportunity to speak directly with the brand teams, explore their technologies, learn about job openings, and attend an interview directly at the HirePoint by RedCore booth. Startups and teams seeking investment and a strategic partner will also have the opportunity to connect with RedCore’s investment division, which supports projects in…

US Senator Ted Cruz is seeking state control of Prediction Markets through new legislation that would give state and tribal governments jurisdiction over sports-related contracts offered by trading platforms. The Texas senator plans to introduce the measure after the November 3 midterm elections. Under the proposal, prediction market operators would be prohibited from offering contracts linked to sports wagering without explicit approval from local or tribal authorities. The proposed transition toward state regulation could significantly alter how platforms like Kalshi operate under Commodity Futures Trading Commission regulation. Currently, these exchanges offer sports event contracts across the nation under federal oversight.…

Brazil’s efforts to control its rapidly growing gambling market have struggled to address concerns over household debt, problem gambling and organised crime, according to an analysis published by The Economist on October 15. The publication argues that the country’s regulatory approach has failed to resolve the issues associated with betting, while the recently introduced ban on online gambling risks driving more activity underground. In an article titled “Brazil’s gambling wars are only just beginning,” the British magazine examined the consequences of the country’s decision to legalise sports betting and online gambling, as well as the political debate over how to regulate…

US commercial gaming revenue fell slightly in August as a 15.6% drop in sports betting revenue outweighed growth in traditional casino gaming and iGaming, according to the American Gaming Association (AGA). GGR for the month totaled $6.48 billion, down 0.6% from August 2025, as per the association’s Revenue Tracker. Traditional casino gaming revenue rose 0.9% year on year to $4.44 billion. Slot machines generated $3.25 billion, up 1%, while table game revenue increased 2.1% to $885.91 million. The AGA attributed part of the growth in table games to the recent expansion of Resorts World New York City. Sports betting revenue declined…