Author: OnlineGamblingDaily

Momentum is building ahead of SiGMA North America 2026, with organizers announcing a growing roster of industry leaders appointed as summit ambassadors for its inaugural Mexico City edition. The event, organized by SiGMA Group, will run from September 1 to 3, 2026, at Centro Banamex in Mexico City. The summit is expected to bring together around 4,000 delegates, 1,000 operators, more than 150 speakers, and over 200 exhibitors and sponsors, with more than 40% of the audience expected at C-suite level. The newly announced ambassador cohort includes several prominent figures from across gaming, technology, legal, and investment sectors. Among them…

BOYLE Sports has announced a new initial three-year partnership with Galway Races, including a major milestone for the brand as it marks the opening of its 400th betting shop at Ballybrit.  Under the agreement, BOYLE Sports will increase its presence at Galway Races through a dedicated on-course betting shop and expanded branding throughout the venue. The arrangement covers the Galway racing calendar and adds to the operator’s existing relationship with the racecourse. The partnership also includes BOYLE Sports’ title sponsorship of the Saturday program during the Galway Races festival. The race card features the €110,000 (US$125,400) BOYLE Sports Handicap Hurdle and…

Charles Schwab is working with Cboe Global Markets to introduce binary options contracts that allow customers to place yes-or-no wagers on the performance of the S&P 500, the Wall Street Journal reported on Friday, citing people familiar with the matter. The products, known as binary options, are expected to be made available to Schwab customers in the coming months, according to the report. The contracts provide either a fixed cash payout or no payout at all, depending on whether a specified market outcome occurs. A person familiar with the matter confirmed to WSJ that Cboe is working with Schwab on the…

The Gold Spike Las Vegas has been sold to local real estate investors Huan Jeff Mai and Qing Zhong for $11.38 million. According to Clark County property records, the transaction closed on June tenth through the estate of the late Tony Hsieh. Hsieh, the former chief executive officer of Zappos, had acquired the downtown property and its related parcels in 2013 for nearly twenty-seven million dollars. The current purchase price of the Vegas casino represents a significant decrease, coming in at less than half of what was paid for the location more than a decade ago. The real estate acquisition…

Officials of Skokie, a village in Cook County, Illinois, are expected to hold off on any decision about video gaming terminals until at least late 2026, after Mayor Ann Tennes asked village staff to prepare a report on the issue by the end of the year. The machines, also known as electronic slot machines, are currently banned in Skokie bars and establishments. Evanston, Wilmette and Glenview also do not allow video gaming, while other nearby suburbs have permitted the machines since Illinois legalized the business in 2012. The potential revenue was a key issue during the Village Board’s Committee of…

Colombia’s highest administrative court suspended multiple provisions of a 2023 Coljuegos resolution after finding the gaming regulator lacked statutory authority to impose advertising limits, reporting requirements and certain sanctions on online gambling operators. The decision halted four provisions of Resolución No. 20231000019054 while a judicial review continues. The court did not annul the measures but paused their enforcement pending a final ruling on the case. The review was initiated by private claimants Juan Carlos Calvo Ospina and Juan Pablo Cardona González. In its ruling, the court stated: “The advertising investment cap constitutes a limitation of economic freedom for which no…

The Alabama-Coushatta Tribe of Texas has officially broken ground on its 95-acre Naskila Casino Resort project in Leggett, marking a major expansion of its gaming operations in East Texas. The ceremony brought together tribal leaders, members, and casino employees to celebrate the long-anticipated start of construction “It’s been a long way,” said Vice-Chairwoman Nita Battise, as reported by the Dallas Morning News. “Keep in mind, we had all these obstacles going against us, but we are reminded that we are resilient people and we will move forward, and this is what we did.” When completed in 2028, the development is…

Peru’s Vice Minister of Tourism, Nancy Laca Ramos, highlighted the work carried out by the General Directorate of Casino Games and Slot Machines in the country’s gambling regulation process, with particular emphasis on the framework established for the online gaming sector. The official, who took part in the opening ceremony of the 23rd edition of Peru Gaming Show (PGS), spoke exclusively with Yogonet and stated that Peru’s regulator has been recognized among the best in the world and has become a benchmark for other countries in the region. Laca Ramos also emphasized the “highly technical” nature of the Ministry of…

A federal judge in Michigan ruled that sports-related prediction market contracts offered by Polymarket do not fall under the Commodity Futures Trading Commission’s authority, adding weight to state regulators’ efforts to classify the products under sports betting laws. The ruling stems from a dispute between Polymarket and Michigan regulators over the legal status of the operator’s sports event contracts. State officials argue that the contracts offered to Michigan residents constitute sports betting under state law. Judge Paul L. Maloney of the US District Court for the Western District of Michigan denied Polymarket’s request for a preliminary injunction that sought to…

Wealthsimple will launch a prediction markets app in partnership with Kalshi Inc. this summer after securing approval from the Canadian Investment Regulatory Organization, becoming the country’s second investment dealer authorized to offer the contracts. The Toronto-based firm received approval in March and follows Interactive Brokers Group Inc., which announced the launch of Canadian prediction markets more than a year ago. Wealthsimple manages more than C$100 billion ($72.4 billion) in assets under administration. Through its standalone Wealthsimple Predict application, the company plans to offer nearly 4,000 contracts listed on the Kalshi prediction exchange. Wealthsimple will be authorized to provide trading on…

Kentucky Attorney General Russell Coleman has filed three lawsuits in Franklin Circuit Court targeting alleged illegal sports betting and online gambling operations in the state. The lawsuits, filed Wednesday, name prediction market operators Kalshi and Polymarket in two separate actions, while a third complaint targets VGW, the online casino platform operating Chumba Casino, Global Poker, and LuckyLand Slots. Coleman’s office alleges that Kalshi and Polymarket are offering sports betting in Kentucky without a state gaming license and without complying with Kentucky’s sports wagering regulations. The lawsuits also claim the companies’ advertising gives consumers the false impression that their sports wagering products are authorized…

U.S. Representative Bryan Steil (R-Wis.), chairman of the House Administration Committee, has introduced legislation that would bar House members, their spouses and dependent children from participating in prediction markets, amid growing scrutiny of lawmakers’ financial activities. The proposed Stop Lawmakers From Predicting Act is part of broader efforts in Congress to prevent lawmakers from using their positions for personal financial gain. The measure targets participation in prediction market platforms such as Kalshi and Polymarket, which allow users to trade contracts tied to the outcomes of political, economic, and other events. The nascent industry has seen an explosion of growth amid…

The CEO of Peru Gaming Show (PGS), Joe López, offered a positive assessment of the 2026 edition of the event held in Lima, highlighting the strong attendance for both the exhibition floor and the conference program. In an exclusive interview with Yogonet, the executive criticized the fact that some manufacturing companies organized parallel events during the show. He advocated for greater industry unity ahead of next year’s edition. López also welcomed the support shown by Peru’s Ministry of Foreign Trade and Tourism (Mincetur), reflected both in the remarks delivered by Vice Minister of Tourism Nancy Laca Ramos and in the…

The Ilitch family, founders of the Little Caesars pizza chain, is expanding its gaming business through the creation of a new company, Ilitch Gaming, which will oversee its casino portfolio and future growth initiatives. The company has agreed to acquire Scarlet Pearl Casino Resort in Mississippi and purchase the remaining 50% stake in Ocean Casino Resort from Luxor Capital, giving it full ownership of the Atlantic City property. MotorCity Casino Hotel in Detroit will also be incorporated into the new gaming division. Ilitch Gaming will be chaired by Chris Ilitch, son of Little Caesars founders Marian Ilitch and the late…

Entain is reportedly assessing strategic options for its Central and Eastern Europe joint venture, including a possible sale. The move comes as the Ladbrokes owner faces higher costs from UK online gambling tax increases, according to three people familiar with the matter, as Reuters reported. The London-listed company, which also owns Coral and operates BetMGM in the United States, has been seeking ways to offset the impact of the tax changes. Britain’s online gambling tax on casino games and slots is rising to 40% from 21%, while the rate on sports betting increases to 25% from 15%. Entain has estimated that the…

California and Minnesota attorneys general are challenging the Commodity Futures Trading Commission’s (CFTC) approach to regulating prediction markets, arguing the federal agency is not equipped to handle gambling-related harms such as addiction and social costs. Minnesota Attorney General Keith Ellison told Bloomberg that states are better positioned to manage the risks associated with gambling because they already maintain regulatory systems designed to address its broader social impacts. “We have a whole regime around it, and the CFTC doesn’t,” Ellison said, referring to Minnesota’s existing gambling laws. The comments come amid escalating legal and regulatory conflict over prediction markets, which have grown…