Author: Maisie Morrison

TLDR Kalshi’s trading volume hit $31 billion in June, a jump of over 70% from May, driven largely by World Cup betting. Trump’s teleprompter operator, Gabriel Perez, made over $100,000 betting on speech-related markets and is now negotiating a settlement with the CFTC. A New York judge let FanDuel founder Nigel Eccles’ lawsuit against Flutter Entertainment move forward. Bryce Harper denies knowing his Cameo video would be used in a FanDuel marketing campaign now tied to a gambling addiction lawsuit. Illinois sports betting handle dropped 10.2% in May compared to last year, marking the fourth monthly decline in 2026. Prediction…

TLDR Greece’s total gambling revenue rose 6% in 2025, according to the Hellenic Gaming Commission (EEEP). Online gambling made up 38.8% of total gross gaming revenue, backed by 24 licensed operators. Public revenue from gambling taxes and fees hit €1.17 billion, up 11.2% from 2024. Online operators contributed €736.94 million to public revenue, the largest share at 63.1%. Blocked illegal gambling domains grew from 9,590 to 12,642 as enforcement increased through the year. The Hellenic Gaming Commission, known as EEEP, released its annual report on Tuesday. It confirmed that gambling revenue in Greece grew during 2025. Total gross gaming revenue…

TLDR Stake says it has paid more than $14 billion to VIP players since 2019. Manual bonuses from VIP managers made up the largest share, at $6.39 billion. Coupons added $4.06 billion, while reload bonuses reached $2.04 billion. Rakeback, webhook credits, and race prizes made up smaller portions of the total. The numbers come from Stake itself and have not been independently verified. Stake, one of the largest crypto casino platforms in the world, says it has paid out more than $14 billion to its VIP players since 2019. The figures were shared publicly by company co-founder Ed Craven. He…

TLDR Rep. Josh Gottheimer introduced the Facial Recognition to Protect Children Act on July 16, 2026. The bill requires online sportsbooks and prediction markets to scan a user’s face to estimate age. Prediction market company Kalshi and the group ParentsRISE support the bill. Kalshi already uses Face ID checks, two-factor authentication, and extra rules for users age 18 to 21. Prediction markets currently allow users as young as 18, while most sportsbooks require users to be 21. A new bipartisan bill in Congress would require online sportsbooks and prediction markets to use facial recognition to check a user’s age. Rep.…

TLDR Svenska Spel posted its strongest second quarter since Sweden’s regulated gambling market opened in 2019. Net gaming revenue rose 7% to about €175 million, and operating profit climbed 13% to €55 million. The World Cup pushed June sports betting revenue up 135% compared to last year. Digital channels made up 67% of total revenue, with mobile devices accounting for 58%. Sweden’s unlicensed gambling market is estimated at €321 million to €652 million a year. Svenska Spel has reported its best second quarter since Sweden opened its regulated gambling market in 2019. The company credited the World Cup for lifting…

TLDR A New York judge allowed most claims in Nigel Eccles’ FanDuel lawsuit to move forward. The case centers on FanDuel’s 2018 merger with Paddy Power Betfair, which formed PandaCo. Plaintiffs say FanDuel’s 40% stake was undervalued at 559 million dollars. The judge dismissed two claims but let fraud and fiduciary duty claims proceed. Flutter later paid about 4.2 billion dollars for the rest of PandaCo in 2020. A New York judge has let most of a lawsuit against FanDuel move forward. The case was brought by co-founder Nigel Eccles and more than 100 former employees and investors. Judge Andrea…

TLDR Entain wants sports bodies to voluntarily ban sponsorship deals with unlicensed gambling firms before new UK laws take effect. The UK Government has opened a consultation on banning such sponsorship deals. H2 Gambling Capital data shows illegal betting turnover rose from £5 billion in 2019 to £16.6 billion in 2025. Entain wants the ban to cover more than shirt sponsors, including LED boards and digital ads. Entain sent letters to the Premier League and the Independent Football Regulator asking for quick action. Entain has asked British football authorities to stop working with unlicensed gambling companies. The request comes as…

TLDR The UK government launched an eight-week consultation on banning sponsorships from gambling operators without a UK Gambling Commission license. The preferred start date is August 2027, with a phased option running until August 2028. Everton signed a new sleeve deal with crypto casino Stake despite the looming ban. The rule would only cover physical sponsorships like kits and stadium billboards, not online ads. Public feedback is open until September 9, with a decision expected by the end of 2026. The UK government has opened a consultation on banning sponsorships and advertising from gambling operators that lack a UK Gambling…

TLDR Google added Michigan and New York to its list of states where prediction market ads are banned. The ban brings the total number of restricted states to four, joining Nevada and Ohio. Only advertisers with CFTC or NFA authorization can run prediction market ads in approved states. The changes follow court rulings against Kalshi in both Michigan and New York. A Michigan judge gave Kalshi until August 12 to stop offering sports contracts in the state or face daily fines. Google has stopped allowing ads for prediction market contracts in Michigan and New York. The change took effect July…

TLDR Kenya collected KSh16.53 billion ($127.9 million) in betting taxes for the 2025/26 financial year. The total is a 24.9% increase from the year before and 115.9% of the government’s target. Withholding tax on betting and gaming jumped 59.2% over the period. A new Gambling Regulatory Authority began enforcing six fresh rules on June 30. Families can now apply to block relatives from gambling under new player safety measures. Kenya’s tax authority collected more money from betting than it expected to during the 2025/26 financial year. The Kenya Revenue Authority reported total betting tax collections of KSh16.53 billion, or about…