Author: Maisie Morrison

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,…

TLDR Konami Group’s gaming and systems division swung back to profit in the quarter ended June 30, reversing a loss from a year earlier. Revenue in the division rose 64.9% year over year to roughly JPY12.39 billion, or about $75.8 million. The division’s business profit was JPY827 million, compared with a loss of JPY166 million in the same quarter last year. Konami pointed to strong performance from its Solstice 49C slot cabinet and Bomberman game content in North America. Konami Gaming became the first equipment maker to submit a supplier license application in Japan, ahead of the MGM Osaka casino…

TLDR SABA wants prediction markets treated as illegal until South Africa creates rules for them. The group says these markets carry risks similar to peer-to-peer betting exchanges. More than R700,000 was reportedly bet on Johannesburg’s mayoral race through Polymarket. SABA warns the products could raise risks of match fixing, corruption, and money laundering. No South African law currently licenses or oversees prediction market operators. The South African Bookmakers Association is pushing back against prediction markets. The group wants the products treated as illegal until lawmakers write clear rules for them. SABA announced its position on Monday. It said it plans…

TLDR Turkey’s Interior Minister Mustafa Çiftçi called illegal betting a national security threat. He said illegal gambling costs Turkey $40 billion every year. Çiftçi linked the growth of cryptocurrency and digital payments to money laundering tied to illegal betting. Turkey has blocked over 548,000 illegal betting websites between 2006 and 2025. The global gambling market is expected to reach $205 billion by 2030. Turkey’s Interior Minister Mustafa Çiftçi has stepped up warnings about illegal betting in the country. He called the practice a threat to national security. Çiftçi made the comments in an interview with the Turkish newspaper Habertürk. He…

TLDR NordVPN researchers found a criminal network using fake ads on Facebook and Instagram to impersonate Google, Disney+ and Duolingo. The ads send Android users to fake Play Store pages that install apps linking to unlicensed gambling sites. Over 7,200 gambling pages and 3,100 decoy pages were found, showing the scam was built to dodge ad review systems. Similar scams have used abandoned websites and fake betting brands during major sporting events. Meta is under growing legal pressure over gambling ads, with regulators in Thailand and the Netherlands taking action. Android users are being targeted by a scam that hides…

TLDR BetMGM’s Q2 2026 net revenue grew just 3% to $711 million, missing estimates Adjusted EBITDA fell 14% year over year to $74 million Executives say prediction market operators are hurting customer acquisition Retail sportsbook revenue nearly disappeared, dropping 97% from last year The company pushed its $500 million EBITDA target past 2027 BetMGM released its second quarter 2026 results on July 28. The company is a joint venture between MGM Resorts International and Entain. Net revenue came in at $711 million. That is a 3% increase from $692 million a year earlier. Adjusted EBITDA dropped 14% to $74 million,…

TLDR Gabriel Perez, who operated President Trump’s teleprompter, no longer works for the federal government He was previously placed on administrative leave amid a CFTC investigation into alleged insider trading on Kalshi Perez allegedly earned more than $100,000 betting on speech content using advance knowledge of scripts Federal prosecutors reportedly declined to file criminal charges, but a civil settlement with the CFTC may be discussed Kalshi says its surveillance team flagged the trades and referred the case to regulators Gabriel Perez, the man who ran the teleprompter for President Donald Trump, no longer works at the White House. The Associated…