Author: OnlineGamblingDaily

Chinese bettors wagered 83.3 billion yuan ($11.6 billion) through the state-run China Sports Lottery during the six-week FIFA World Cup, averaging nearly $2 billion a week despite the country’s national team failing to qualify for the tournament. State broadcaster CCTV reported that the World Cup drove strong demand for legal sports betting products and attracted record audiences across television and digital platforms. The China Sports Lottery and the China Welfare Lottery are the country’s only legal gambling products, although China also has a large illegal betting market that includes offshore sportsbooks, underground bookmakers and online betting agents targeting Chinese customers.…

Choctaw Casinos & Resorts has launched Choctaw Sports, a free-to-play app that lets users predict sports outcomes using virtual tokens instead of real-money wagers. The app features live-updating odds across 12 sports, including football, basketball, golf, cricket, baseball, hockey, tennis, and soccer. “Choctaw Casinos & Resorts has a lot to offer guests, and Choctaw Sports is a digital product that allows people to have fun and learn about the ins and outs of sports betting without any risk,” said Tom McDonald, Senior Director of Digital Gaming, Choctaw Casinos & Resorts. “Based on real-time data, fans can follow the trends and…

Clark County commissioners have unanimously approved plans for a 752-room hotel-casino resort on the Las Vegas Strip, paving the way for redevelopment of the long-abandoned SkyVue Ferris wheel site across from Mandalay Bay. Developer Eli Applebaum acquired the nearly 12-acre property this spring for $70 million from owners who had obtained the site through bankruptcy proceedings. The planned resort will feature a heart-shaped hotel tower with a large LED facade, a covered pedestrian plaza inspired by the Fremont Street Experience, a midair restaurant built around the remaining SkyVue concrete towers, restaurants, retail space, an outdoor recreation area and a parking…

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Concerns over prediction markets are mounting among gaming associations and tribal leaders who are calling on federal lawmakers to impose strict regulations. The American Gaming Association and the Inter-Tribal Council of the Five Civilized Tribes have urged Congress and the Commodity Futures Trading Commission to curb platforms that offer sports betting contracts nationwide. Industry leaders argue these platforms operate outside established state and tribal legal frameworks, threatening tribal sovereignty and draining state tax revenues across the country. Testifying before a Senate Agriculture subcommittee, Christopher Cylke of the American Gaming Association stated that platforms such as Kalshi and Polymarket use federal…

In this opinion piece, Olga Ivanchik, COO at Slotegrator, argues that while speed remains critical for launching in new iGaming markets, long-term success ultimately depends on operators’ ability to adapt quickly through flexibility, localization, and continuous optimization. With how fast things move in iGaming, it’s easy to assume that speed is everything.   At Slotegrator, we know speed better than anyone else. But once we reduced time to market to two weeks or less (compared to the standard of at least a month, if you’re lucky), we had the room to ask ourselves: after speed, what’s the next biggest factor? What else…

Kalshi has launched a new hub for tracking the US midterm elections that gives users a market-based view of election races by drawing on prices from its event contracts, where traders buy and sell positions tied to political outcomes. The “Midterms Hub” displays live prediction markets for Senate, House and Governor races, with the latest odds for individual contests shown across a map of the entire country. Kalshi said its prices reflect the views of traders who are willing to risk money on an outcome, distinguishing the data from polling, which captures voters’ stated preferences. Hub pairs odds with polling…

Google is preparing to impose stricter certification and compliance requirements on gambling advertisers using Google Ads, while separately expanding the markets in which authorized buyers may place gambling-related advertisements through Google Ad Manager. Changes to the Google Ads Gambling and Games policy will take effect on September 14, 2026. The revised rules concern which advertisers are permitted to use Google Ads, rather than the jurisdictions in which gambling advertisements may be displayed. Advertisers will be required to satisfy expanded certification standards and maintain what Google describes as “good policy health” to retain approval. The company will consider both an operator’s…

If you’ve got a pulse, these Las Vegas adventures can double it! And we’re not even talking about casinos! From racing through the Valley of Fire to ripping through the sky at over 200 miles an hour… Sin City is made for adrenaline junkies! Want to feel what it’s like to ride with Seal Team Six? Vegas has you covered! Want to drive a tank over a car? Yeah, you can do that, too! This Week in Gambling, we’re looking at three of the most extreme! Let’s get started with our list of Las Vegas adventures with Sun Buggy, located…

New Jersey’s online casinos generated more revenue than Atlantic City’s physical properties for a 10th consecutive month in June, extending a divide that has become increasingly established across the state’s gaming market. The state’s 28 active online casino skins reported $271 million in gaming revenue, up 17.5% from June 2025 and about $5 million below the record set in May. The total was 5.4% higher than the $257.3 million generated by Atlantic City’s nine casinos, where revenue declined 0.7% year over year. Online gaming produced $60.4 million in state tax revenue during the month. That was approximately twice the combined…

Evolution has terminated its planned acquisition of Galaxy Gaming after two outstanding gambling regulatory approvals prevented the transaction from closing within the agreed period. The company issued notice on Tuesday to end the merger agreement with Galaxy Gaming, a table games and casino technology provider. Evolution will pay Galaxy Gaming a $5.2 million termination fee. Galaxy Gaming said on Monday that the two remaining regulatory approvals had not been obtained. It was considering either requesting another extension to the closing deadline or terminating the merger. Evolution subsequently decided to withdraw from the transaction. The acquisition was announced in July 2024,…

Cirsa has completed its two-step entry into Portugal. The company has acquired a majority stake in Casino Figueira, following its purchase of online operator CasinoPortugal in December 2024. The company first entered the Portuguese market in 2024 with the acquisition of CasinoPortugal, an online gaming and sports betting operator. That deal gave the Spanish group its first foothold in the country, limited at the time to the online channel. Cirsa has now added a land-based component to that presence. According to a statement, the company acquired a majority stake in Sociedade Figueira Praia, S.A., the owner and operator of Casino Figueira…

The landscape of World Cup betting shifted dramatically during the 2026 tournament as prediction markets captured 27% of all legal sports gambling volume in the United States. Driven by platforms such as Kalshi and Polymarket, event-based trading exchanges saw unprecedented growth, challenging traditional sportsbooks that previously dominated the sector. According to figures from H2 Gambling Capital, prediction markets expanded their share of soccer gambling activity from roughly 9% at the start of the year to 27% of total volume by the conclusion of the final match between Spain and Argentina. The overall rise in World Cup betting was anchored by…

The proportion of adults recording a Problem Gambling Severity Index score of eight or higher fell to 2.4% in 2025, from 2.7% in the previous Gambling Survey for Great Britain (GSGB). The Gambling Commission, which published the third annual report on July 16, described the rate as stable across the survey’s three years. The figure was 2.5% in the first report, published in 2024. Overall participation also changed little. Among respondents aged 18 and older, 47% said they had gambled during the previous four weeks, compared with 48% in the prior survey. Excluding people who only played lottery draws, participation remained…

Entain will cut 500 positions across its operations as the London-listed gambling group seeks to reduce costs amid higher UK online gaming taxes and increasing competition from prediction markets. The planned reduction represents about 2% of the multinational company’s workforce. A spokesperson confirmed the number of affected roles to Reuters after Bloomberg News first reported the cuts, citing an email sent to Entain employees. The measures will affect corporate functions and product and technology teams. They are not connected to Entain’s retail operations, which include the Ladbrokes and Coral brands, according to information provided by the company. Entain said in…

Crypto.com has secured a $400 million strategic investment from Citadel Securities, valuing the cryptocurrency exchange at $20 billion. The deal marks the company’s first institutional funding round since its founding a decade ago. The investment comes amid growing institutional adoption of digital assets, as cryptocurrencies increasingly become integral to global capital markets. Crypto.com said the new capital will support its expansion across multiple asset classes, including tokenized securities and derivatives, as it aims to bridge traditional finance and digital assets within a 24/7 financial ecosystem. “We are thrilled to work with Citadel Securities to continue driving the crypto industry into a…