A proposal from the U.S. Commodity Futures Trading Commission to establish federal boundaries for sports and other prediction market contracts has drawn opposition from lawmakers, Native American tribes, consumer advocates, traditional casinos and former agency officials. A review of public comments available Monday showed that Native American tribes, casino operators and local authorities in 20 states consider sports contracts offered through prediction markets to be illegal gambling that should remain under state and local control, reported Reuters. Sports prediction markets are blocked in jurisdictions including Nevada and Michigan. The CFTC proposal, released last month, would restrict contracts involving activities identified…
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The British Amusement Catering Trade Association (Bacta) has pledged to fight any government attempt to fund high-street tax relief by imposing further costs on Adult Gaming Centres (AGCs). Bacta confirmed to SBC News its position after Prime Minister Andy Burnham named AGCs alongside vape shops as “socially harmful” in comments to the media. “Bacta will oppose any attempt to make AGCs pay for relief awarded to other high street businesses. Pubs, clubs and music venues deserve support, but that support should not be funded by imposing further costs on another lawful, licensed and heavily taxed sector,” said Allaster Gair, Director…
The planned privatization of Casino Filipino could reduce annual funding for the Universal Health Care (UHC) program by approximately P1.7 billion (US$27.6 million) to P2.1 billion (US$34.1 million), according to a study by local firm Geronimo Law. In a report dated July 22, the law firm said separating the Philippine Amusement and Gaming Corp.’s (PAGCOR) commercial and regulatory functions could address governance issues and lower operating costs, but would also weaken a key funding source for health programs. “We estimate a recurring loss to universal health care of about P1.7 billion per year to P2.1 billion post-privatization, assuming 2024 and…
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The recent launch of DraftKings interstate poker marks a major expansion for shared online gaming in the United States. Online poker players in Michigan gained official access to a unified table network that connects them directly with participants in New Jersey and Pennsylvania. The Michigan Gaming Control Board confirmed the approval of the shared network structure. Under this setup, players from all three participating jurisdictions compete at common tables and enter shared tournament fields instead of remaining confined to single-state player pools. Because online poker relies heavily on overall player volume to build larger prize pools and keep cash games…
Foxwoods Resort Casino reported $28.1 million in slot revenue for June, resulting in a $7.2 million direct payment to the State of Connecticut under the Mashantucket Pequot Tribal Nation’s slot revenue contribution agreement. The Tribal Nation has contributed more than $4.8 billion of Foxwoods’ slot revenue to Connecticut’s budget fund since 1993. Guests won more than $15.8 million through 2,521 jackpots across the casino floor during June. The largest jackpot was a $95,738 win on Blazing 777 2x3x5x. Foxwoods also introduced Visitors from Planet Moolah at Grand Pequot Casino and Huff N’ Puff Link at Great Cedar Casino, an expansion of…
Robinhood Markets is reportedly in discussions with Crypto.com to bring the digital currency exchange’s prediction markets business onto Robinhood’s platform, according to people familiar with the matter, as the relationship between Robinhood and its current supplier, Kalshi, shifts toward rivalry. The Wall Street Journal reported that the arrangement being discussed would place Crypto.com’s prediction market offerings within Robinhood’s prediction-markets hub, giving users the ability to place yes-or-no bets supplied by the crypto exchange directly through Robinhood’s trading platform. No agreement has been finalized, and there is no certainty the two companies will reach one. Robinhood began offering Kalshi’s event-based contracts in…
The Nevada Gaming Control Board has reached an agreement with Kalshi requiring the prediction market operator to comply with a court order by August 12 or face a $120,000 daily penalty. The agreement follows a preliminary injunction issued by the First Judicial District Court in Nevada on May 18, prohibiting Kalshi from offering or facilitating certain contracts in the state. According to the Board, investigators were repeatedly able to enter prohibited contracts on Kalshi’s platform despite the court order, prompting regulators to seek a contempt ruling. As part of the agreement, a hearing scheduled for Wednesday has been vacated. Board…
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Reps. Steven Horsford (D-NV) and Mark Amodei (R-NV) have introduced the Prediction Markets Are Gambling Act, a bipartisan House bill that would prohibit federally registered trading platforms from listing sports and casino-style event contracts. The measure is the House companion to a Senate version led by Sens. John Curtis (R-UT) and Adam Schiff (D-CA) and co-sponsored by Sen. Catherine Cortez Masto (D-NV), introduced back in March. Drawing the line between hedging and betting Prediction market operators such as Kalshi and Polymarket sell event contracts that allow users to wager on outcomes, including which team will win a game, and generate…
Boyd Gaming reported second-quarter 2026 revenue of $1.034 billion, largely unchanged from $1.035 billion a year earlier, while net income declined to $131.2 million, or $1.75 per share, from $151.5 million. Total Adjusted EBITDAR fell to $350.5 million from $357.9 million, and adjusted earnings decreased to $144.4 million from $154.2 million, although adjusted earnings per share rose to $1.93 from $1.87. On a comparable basis, excluding the effect of the prior-year FanDuel transaction and tax pass-through amounts tied to market-access agreements, companywide revenue increased 3%, and EBITDA rose 2%. Property operating margins remained at 40%. “Our second-quarter results demonstrated the…
Buenos Aires Provincial Deputy Mayra Mendoza has introduced a new bill to establish operational rules for licensed betting platforms in the province of Buenos Aires. Key goals include setting play time limits, restricting daily login frequency, introducing mandatory facial recognition to verify user identities, and penalizing non-compliant operators. The proposal applies to all online gambling and betting platforms licensed by the Provincial Institute of Lotteries and Casinos (IPLyC) of Buenos Aires, which currently total seven: Bet365, Betano, Stake, Betsson, Betwarrior, Bplay, and Sports.bet. “Cyber-gambling addiction has consolidated as a complex issue affecting all age groups, showing up with particular aggressiveness…
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Brazil’s Ministry of Finance has opened a 45-day public consultation on proposed changes to the authorization process for fixed-odds betting operators, as the government takes additional steps to increase transparency in the country’s regulated gambling market. The contribution period will run from July 27 to September 9, 2026. Individuals and legal entities may submit comments through the Brasil Participativo Portal using a gov.br account. After the consultation closes, the Secretariat of Prizes and Bets, or SPA, will analyze the submissions under Article 31 of Decree No. 12,002/2024. The consultation follows the Ministry of Finance’s publication earlier this week of Administrative…
FIFA’s Integrity Task Force has closed its monitoring of the 2026 World Cup without a single suspicious betting alert, after tracking wagering activity and on-field play across all 104 matches. The review, which covered the entire tournament in real time, found no indications of match manipulation connected to any fixture. The outcome followed a season-long effort to centralize information from a wide range of sources. FIFA collected betting-monitoring reports and other relevant data supplied by Task Force members, together with information submitted through available reporting mechanisms, then analyzed and distributed that material among members according to established operating procedures. That…