Author: Maisie Morrison

TLDR BetMGM is banning credit card deposits starting March 31, joining DraftKings, FanDuel, and Fanatics in dropping credit card funding across US platforms. Analysts from Citizens JMP and Macquarie Capital say the revenue impact will be “minimal,” noting DraftKings saw no material change after its own ban in 2025. Macquarie estimates credit cards fund only 10% to 20% of US gambling deposits, with most volume expected to shift to debit, ACH, and digital wallets. Several states including New York, New Jersey, Virginia, and Illinois have introduced bills to ban credit card use for online sports betting. Fanatics says it has…

TLDR Detroit plans to file an amicus brief in the Coinbase vs. Michigan prediction markets case, becoming the first U.S. city to enter such litigation The city is home to three commercial casinos that generated over $100 million in monthly revenue in early 2026 Coinbase filed suit after partnering with Kalshi, arguing Michigan gambling laws shouldn’t apply to federally regulated event contracts Michigan’s attorney general has also taken enforcement action against Kalshi, Polymarket, and Robinhood Baltimore recently sued six sweepstakes casino operators, showing a broader trend of cities getting involved in gaming enforcement Detroit is set to become the first…

TLDR Chile’s Comptroller General found 910 public officials gambled in casinos between January 2024 and June 2025, violating Chilean law The officials wagered over 11.49 billion pesos total despite a legal ban on gambling by those managing public funds Just 20 officials accounted for 5.39 billion pesos in bets, with one Air Force member wagering over 1.04 billion pesos alone Evidence has been sent to prosecutors to determine if criminal charges are warranted 371 government institutions have been told to begin disciplinary proceedings against the officials involved Chile is dealing with a major compliance scandal after a government audit revealed…

TLDR A federal judge denied the NCAA’s request to stop DraftKings from using terms like “March Madness” and “Final Four” Judge Tanya Walton Pratt ruled the NCAA did not prove irreparable harm from DraftKings’ use of the phrases DraftKings argues its use of tournament names falls under fair use and First Amendment protections The NCAA believes the branding could confuse fans into thinking there is an official partnership with the sportsbook The case remains active and the NCAA plans to pursue discovery and potentially a jury trial A federal judge has turned down the NCAA’s attempt to stop DraftKings from…

TLDR Norway released a non-regulatory four-year plan (2026–2029) focused on preventing and treating problem gambling, with no changes to betting limits or age restrictions. Children and young adults aged 9 to 25 are the primary focus, along with athletes, people in custody, and those with neurodevelopmental conditions. Schools, youth sports clubs, and social media platforms will be used for educational outreach and digital prevention campaigns. Treatment services are expanding, including chat support for younger users and remote telephone therapy without GP referrals. State-owned monopoly Norsk Tipping faces growing public criticism over operational errors, incorrect lottery payouts, and fines. The Norwegian…

TLDR A Nevada court issued a 14-day restraining order on March 20 blocking Kalshi from offering sports, entertainment, and election contracts in the state Nevada users reportedly bypassed restrictions by simply changing their account address to another state with no verification required Kalshi uses account registration data instead of geolocation technology, which critics say fails to meet the court order’s requirements Arizona filed 20 criminal misdemeanor counts against Kalshi on March 17, the first criminal charges a state has brought against the company An April 3 hearing will decide whether Nevada issues a permanent injunction, which could set a precedent…

TLDR Two bipartisan federal bills aim to ban prediction market contracts on sports, elections and war, and prevent insider trading by government officials DraftKings fell 12% in a week to a 12-month low of $20.53, while Flutter dropped 4% to its lowest price since 2022 President Trump publicly endorsed prediction markets for the first time, calling them more accurate than “fake polls” Kalshi and Polymarket both rolled out new integrity rules to block politicians and insiders from trading on certain contracts Kalshi CEO called the proposed ban an effort to protect gambling monopolies, not consumers Senator Adam Schiff and Senator…

TLDR Paradise Entertainment reported FY25 revenue of HK$834.4 million, down 23.1% from the previous year Net profit fell 63.5% to HK$139.4 million as gaming equipment sales dropped 45.3% The company launched Infernoplay, a new B2B online gaming brand using AI-enhanced titles Paradise is expanding into advisory services after its Macau satellite casino management contract ended New hardware products Black Coral and Speedwave are set to launch this year for physical casinos Paradise Entertainment, the parent company of Macau gaming equipment supplier LT Game, posted a sharp decline in its FY25 results. Revenue came in at HK$834.4 million, a 23.1% drop…

TLDR Formula 1 and Allwyn have renewed their global partnership after a successful first year together The deal introduces the “Allwyn League” prediction game where fans can win grandstand tickets and Paddock Club access Allwyn will get premium branding during formation laps at selected races The F1 Allwyn Global Community Awards program is doubling in size to support up to eight local organizations F1 reached 827 million fans and 1.8 billion TV viewers during the 2025 season Formula 1 and Allwyn have officially renewed their global partnership. The announcement was made on March 27, 2026, following what both sides described…

TLDR 26.3% of Brazilian households participated in at least one form of betting in 2025, according to a NielsenIQ survey 49% of betting households believe gambling is a way to increase their income 10% of betting households have cut essential spending, with 47% reducing food budgets and 45.3% cutting fixed expenses Mega-Sena lottery leads with 15.8% market participation, while slot games like “Tiger Game” hold 7.7% Discretionary products like beer, biscuits, and soft drinks are losing household spending share as betting takes priority More than one in four Brazilian households placed some form of bet in 2025. That is according…