Author: Maisie Morrison

TLDR Federal prosecutors want Deniro Laster’s bond revoked and want him held until trial. Laster is accused of contacting a co-defendant and posting rat emojis to intimidate witnesses. The filing does not accuse Terry Rozier of any tampering. Rozier’s attorney calls the government’s reference to “GMB” a dog whistle. The case centers on a 2023 Hornets-Pelicans game tied to more than $258,700 in bets. Federal prosecutors have asked a judge to revoke Deniro Laster’s bond. They want him held in custody until his trial begins. Laster is Terry Rozier’s childhood friend and co-defendant in the NBA betting case. Prosecutors say…

TLDR Rep. Junard Chan proposed raising taxes on online gambling during a House ways and means committee session. The extra revenue would help fund a plan to raise the personal income tax exemption to P350,000. The Department of Finance says the tax relief plan could cost P60 billion in lost revenue each year. Lawmakers also debated a proposed tax on sugar-sweetened drinks and whether it would hurt working families. Other proposals included raising the tax exemption to P600,000 and cutting corruption at the Bureau of Customs. A Philippine lawmaker has proposed raising taxes on online gambling. The plan would help…

TLDR Sri Lanka blocked 24 unlicensed gambling and betting websites across the country. Blocked sites include Stake, Bet365, Betway, and 1xBet. The Telecommunications Regulatory Commission ordered internet providers to cut access right away. The action is based on the Gambling Regulatory Authority Act No. 17 of 2025. The law requires operators to hold both a general gambling license and a separate digital gambling license. Sri Lanka has blocked access to 24 online gambling and betting websites. The Ministry of Digital Economy and the Telecommunications Regulatory Commission of Sri Lanka confirmed the move this week. The blocked platforms include well known…

TLDR India’s Supreme Court will hear final arguments on the constitutional challenge to the country’s online gaming ban. The case had been paused since December due to its complexity. A public interest litigation claims 2,000 gaming apps are running illegal betting and gambling operations. Petitioners argue the ban violates their right to trade and unfairly targets skill-based games. The law took effect on May 1, 2026, with fines up to $120,000 for violations. India’s Supreme Court has agreed to move forward with final hearings on a major legal challenge. The case involves the Promotion and Regulation of Online Gaming Act,…

TLDR CBRE expects Wynn Resorts to receive about $355 million in annual cash flow from Wynn Al Marjan Island once the resort stabilizes in 2031. The projection reflects a 22% unlevered annual return on Wynn’s equity investment in the joint venture. Wynn Resorts has invested about $1.06 billion so far and still owes an estimated $525 million to $650 million more. The project’s budget rose by $600 million, with Wynn covering $240 million of that increase based on its 40% ownership stake. The opening date has shifted to September 2027, about six months later than originally planned. Wynn Resorts could…

TLDR A federal judge in Utah entered the first final judgment against Kalshi in ongoing state-level litigation. Judge Robert J. Shelby ruled that federal commodities law does not block Utah from enforcing its gambling laws. Kalshi’s sports-event contracts fall outside limited exemptions listed in Section 16(e)(2) of the CEA. The court also rejected Kalshi’s argument that Utah’s law conflicts with CFTC impartial access rules. Kalshi plans to appeal, sending the case to the Tenth Circuit Court of Appeals. A federal judge in Utah has issued the first final ruling in a string of legal fights between states and Kalshi. The…

TLDR Super Group’s Q2 2026 revenue rose 18% to $684 million, driven by World Cup betting activity Profit swung to $123 million, compared with a $3 million loss a year earlier Monthly active customers grew 13% to 6.2 million during the tournament Full-year revenue guidance was raised to more than $2.6 billion Betway signed a training kit sponsorship deal with Manchester United Super Group, the parent company of Betway and Spin, posted its strongest quarter on record. The FIFA World Cup drove a wave of betting activity that lifted revenue, profit, and customer numbers to new highs. The company reported…

TLDR Ole Miss asked Mississippi lawmakers for $2 million a year to fund a new gambling research center and treatment clinic. The money would be split evenly between the Center on Collegiate Gambling and the planned Mississippi Gambling Clinic. Nearly 20 million Americans report problem gambling behavior, and Mississippi has no public funding for treatment. A 2025 survey found 40% of Mississippi undergraduates gambled in the past year, with students facing higher risk than adults. State lawmakers won’t decide on the funding request until early 2027, possibly as late as March. The University of Mississippi has asked state lawmakers to…

TLDR A Utah federal judge rejected Kalshi’s attempt to block state gambling enforcement. Judge Robert Shelby said federal law does not override Utah’s authority over gambling. Kalshi has also lost cases in New York, Washington, and at the Sixth Circuit Court of Appeals. Kalshi agreed to leave Nevada by August 12 after failing to block users there. Minnesota remains Kalshi’s only recent win, with a new prediction market ban paused for now. Kalshi has lost another court fight over state gambling laws. This time the setback came in Utah, where a federal judge sided with the state. Judge Robert Shelby…

TLDR ASIC updated its Moneysmart website to warn Australians against using offshore prediction markets like Polymarket and Kalshi. Commissioner Alan Kirkland compared prediction markets to gambling, saying users lose important consumer protections. ASIC pointed to insider trading risks, citing the CFTC’s $35,000 fine against former U.S. Congressman George Santos. Polymarket was blocked in Australia in August 2025 after breaching the Interactive Gambling Act. ASIC also warned that at least 68% of retail investors lose money trading CFDs. Australia’s financial watchdog has told citizens to avoid offshore prediction markets. The Australian Securities and Investments Commission, known as ASIC, says no operator…