Author: Maisie Morrison

TLDR Kevin O’Leary bet $1,000 on prediction market app Kalshi that his “Marty Supreme” costar Timothée Chalamet would win the best actor Oscar O’Leary plays tycoon Milton Rockwell in “Marty Supreme” alongside Chalamet Chalamet had been the frontrunner for best actor but lost momentum after controversial comments about ballet and opera Michael B. Jordan won the best actor Oscar for “Sinners,” beating Chalamet O’Leary noted that Oscar voting closed before the Chalamet controversy, but it didn’t matter in the end Kevin O’Leary showed up to the Oscars red carpet with more than just a tuxedo. The “Shark Tank” star had…

TLDR Brazil’s Secretariat of Prizes and Bets (SPA) opposes Bill 3563/2024, which would ban all betting advertising and sponsorship in the country. The regulator argues that licensed betting ads help consumers tell legal operators apart from illegal ones. Over 25,000 illegal online betting sites have already been blocked in Brazil since regulation began. Brazil’s Central Bank has been asked to cut off payment processing for unauthorized betting platforms. The SPA is ramping up digital monitoring of betting ads and influencers ahead of the 2026 FIFA World Cup. Brazil’s betting regulator has come out against a proposed law that would ban…

TLDR South Korea is urging citizens to report illegal sports gambling through the Illegal Sports Toto Reporting Center Rewards of up to ₩200 million are available for tips on illegal betting operators Match-fixing reports can earn up to ₩50 million, while other gambling tips pay up to ₩15 million Citizens can also report linked bank accounts for ₩100,000 per confirmed case with no cap Korea Sports Leisure Co. says illegal sports betting damage has been increasing and is pushing for wider public participation South Korea is stepping up its fight against illegal sports gambling by expanding its public reward system.…

TLDR Louis Theroux’s new Netflix documentary Inside the Manosphere is trending worldwide and features repeated appearances of the Rainbet crypto casino logo The Rainbet branding appears in archived livestream clips used throughout the film, and Netflix did not blur it out Stake also briefly appears in one clip, but Rainbet’s logo shows up multiple times across different segments There is no indication Rainbet was intentionally featured or involved in the production — the logos were part of original influencer content The documentary highlights the connection between crypto casino sponsorships and online influencer culture on platforms like Kick Louis Theroux’s latest…

TLDR Newcastle United signed a new deal with unlicensed betting operator 8Xbet as its official Asian betting partner in late February 2026 UK Culture Secretary Lisa Nandy said gambling sponsorships in football are “not right,” but the government has offered no timeline for action beyond a spring 2026 consultation 11 of 20 Premier League clubs currently have gambling sponsors on their shirts, with five of those operators lacking UK licences Clubs like Chelsea and Aston Villa have hidden Asian betting partnerships by only showing ads to users in certain regions The Gambling Commission fined TGP Europe £3.3 million last year,…

TLDR The Bulgarian Football Union plans to ban all football players, coaches and club staff from sports betting The proposed rule change will be presented at the BFU meeting in Sofia on 20 March The move follows sanctions against dozens of players and coaches caught betting during the 2024/25 season The BFU will take central control of all betting and data rights for its competitions Clubs will need to set up compliance programs including education and monitoring for staff The Bulgarian Football Union is preparing to formally ban all football personnel from placing sports bets. The proposed statute amendment is…

TLDR Tilman Fertitta has reportedly bid roughly $7 billion, or $34 per share, to acquire Caesars Entertainment, topping Carl Icahn’s $33 per share all-cash offer Caesars stock surged nearly 12% on the news to $29.07, following a similar 19% rally in late February when takeover talks first surfaced Caesars carries roughly $11 billion in net debt and over $1.2 billion in annual lease obligations, pushing its enterprise value above $30 billion Fertitta’s ownership of the Houston Rockets and a stake in Wynn Resorts could trigger regulatory hurdles and force changes to Caesars Sportsbook offerings Icahn, who previously held a 15.6%…

TLDR Kalshi filed a preemptive federal lawsuit against Iowa officials on March 11, despite no enforcement action being taken against the platform The suit came after a meeting with Iowa’s Attorney General office turned into what Kalshi described as a legal interrogation about its contracts Iowa’s AG office refused to give assurances that it would not pursue enforcement against Kalshi in the future Kalshi argues its prediction market contracts are federally regulated derivatives under the CFTC, not state-level gambling products Courts remain split on the issue, with Kalshi winning injunctions in Tennessee and New Jersey but losing recent rulings in…

TLDR Kalshi and Polymarket are seeking $20 billion valuations as prediction markets experience a gold rush of investor interest Legal uncertainty around sports event contracts is making some investors nervous, with the issue likely headed to the Supreme Court Donald Trump Jr.’s involvement with both Kalshi and Polymarket raises concerns about what happens when the Trump administration ends Democrats are favored at 56% to win the 2028 presidential election, which could shift the regulatory landscape against prediction markets The flood of new companies entering the space draws comparisons to the post-PASPA sports betting boom, where most operators eventually failed The…

TLDR Fully regulated U.S. states see offshore gambling drop to about 38%, compared to 79% nationally States with both online casino and sports betting retain around 62% of market value domestically Betting-only states still lose roughly 74% of gambling value to offshore platforms New Jersey and Michigan lead with domestic capture rates above 70% No U.S. state has fully eliminated offshore gambling activity, but full regulation cuts it significantly The United States has been legalizing online gambling state by state for over a decade now. But offshore platforms still control most of the market. New data from Blask’s 2025 U.S.…