Author: Maisie Morrison

TLDR Brazil’s Congress returns on August 3 to debate a ban on online casino games. Bill PL 2,258/2026 would keep sports betting legal but remove digital casino products. President Lula has shifted from supporting casinos in 2024 to opposing online gambling now. The bill targets games linked to the “Jogo do Tigrinho” trend and unlicensed platforms. More than 200 gambling bills exist, but only a few have real momentum in Congress. Brazil’s National Congress returns from recess on August 3. Lawmakers are expected to focus on a bill that would ban online casino games. The bill is called PL 2,258/2026.…

TLDR Illegal online gambling in Russia dropped to 40% of total demand in June 2026, the lowest level since 2018. Legal betting platforms grew their share from 52.8% in January to 60% by June 2026. The illegal market’s value fell to about $316 million, down from $839 million in January 2024. The 2024 revocation of Qiwi Bank’s license cut off a key payment channel used by illegal operators. Russia’s crackdown on drop schemes has made it harder for unlicensed gambling networks to move money. Russia’s illegal online gambling market has shrunk to its smallest size in eight years. New data…

TLDR Codere Online reported second quarter net gaming revenue of €69.4 million, up 27% year-on-year. Spain, Mexico and other markets all posted double digit or higher revenue growth. Average monthly active players rose 12% to 173,000 during the quarter. Adjusted EBITDA more than doubled to €5.8 million compared to the same period last year. The company raised its full year 2026 revenue and EBITDA guidance following the results. Codere Online has released preliminary unaudited results for the second quarter ended June 30, 2026. The company reported its strongest quarterly performance to date. Net gaming revenue reached €69.4 million during the…

TLDR Robinhood’s Rothera exchange is now a top-three prediction market exchange in the US. Nearly two million customers have traded prediction markets on Robinhood. Event contract revenue hit $156 million in the second quarter, up tenfold from last year. Robinhood posted $1.31 billion in total net revenue for the second quarter. Executives expect most prediction market trading to shift to Rothera over time. Robinhood’s prediction market business is growing fast. Nearly two million customers traded event contracts during the second quarter of 2026. The company’s new exchange, called Rothera, launched in June. It was built as a joint venture with…

TLDR Churchill Downs reported record second quarter revenue and earnings, driven by the 152nd Kentucky Derby. The company filed papers saying it is exploring a sale of nine regional casinos across eight states. Net revenue reached $980 million, up 5% from the same quarter last year. Adjusted EBITDA hit a record $477 million, up 6% year over year. Wall Street keeps a Strong Buy rating on the stock even though shares trade near a 52-week low. Churchill Downs delivered the biggest quarter in its 150-year history this week. The results came from record wagering and viewership during Kentucky Derby week…

TLDR Delta and DraftKings launched SkyPicks on July 29, a free in-flight sports prediction contest. Passengers must be 21 or older SkyMiles members on Wi-Fi equipped domestic flights to join. Winners receive Delta gift cards instead of cash, since real-money betting stays banned in the air. The game requires a DraftKings account, giving the company a new way to reach travelers. Contests start with MLB games, with NFL matchups planned for later this year. Delta and DraftKings have launched their long-awaited in-flight game after more than a year of speculation. The two companies unveiled SkyPicks on July 29. It is…

TLDR FDJ United will review its online betting and gaming business, which could lead to exits from some markets. The company’s first half 2026 results showed falling revenue and profit due to higher gambling taxes. EBITDA dropped to €404 million and adjusted net profit fell 19% to €180 million. The Netherlands and UK markets face the heaviest tax pressure, though the UK may avoid an exit. FDJ Ventures invested in ProphetX, a US prediction market platform that gained federal approval in 2026. FDJ United is taking a close look at its online betting and gaming business. The gambling company said…

TLDR SuperGiros estimates COP 5.3 trillion was wagered in Colombia during the 2026 FIFA World Cup. The betting activity generated about COP 120 billion in tax revenue for the public healthcare system. Fecoljuegos reports around 122 million individual bets were placed during the tournament. SuperGiros’ SuperPay platform processed 4.7 million transactions worth COP 1.4 trillion. Colombia’s gambling sector now makes up more than 2% of GDP, up from under 0.5% before COVID-19. Colombia’s sports betting market recorded high activity during the 2026 FIFA World Cup. SuperGiros, a betting statistics service in the country, estimates that gamblers wagered COP 5.3 trillion…

TLDR A lawsuit filed in Massachusetts on behalf of a California resident targets DraftKings’ Predictions platform The suit claims Predictions is sports betting disguised as trading It cites CEO Jason Robins saying customers do not understand the difference between the two products DraftKings says Predictions follows federal law under the Commodity Exchange Act and CFTC rules Data in the filing shows most trading volume comes from sports markets in states where sports betting is illegal DraftKings is facing a new lawsuit in California over its Predictions product. The complaint was filed in Massachusetts on behalf of a California resident. The…

TLDR PAGCOR revenue fell 26.6% in the first half of 2026, dropping to PHP43.32 billion Net income dropped 85.3% to PHP1.58 billion Electronic gaming revenue fell 41.9% as Middle East tensions hit consumer spending Higher mandatory remittances to the Philippine Sports Commission added to the profit squeeze PAGCOR warns full-year gaming revenue could fall by as much as 19% PAGCOR reported a drop in financial performance for the first half of 2026. The Philippine gaming regulator pointed to weaker electronic gaming and rising costs as the main causes. The company released its results for the six months ending June 30,…