Author: Maisie Morrison

TLDR Former Brazilian President Michel Temer says he no longer approves of the 2018 law he signed that allowed fixed-odds betting. Temer made the comments on the TV show Frente a Frente. He said the law was meant to be followed by regulation, which came later under President Lula. Temer called the betting law a “lesser evil” compared to pressure at the time to legalize casinos. He is calling for stricter supervision of betting operators and limits for welfare recipients like those on Bolsa Família. Michel Temer, the former President of Brazil, has spoken out against a law he signed…

TLDR South Korea’s Korea Communications Standards Commission has not restricted Polymarket yet, but wants the company to explain its operations first. Police in Gangwon Province opened South Korea’s first investigation into alleged illegal gambling tied to Polymarket users. Trading linked to South Korea’s June 3 presidential election reportedly reached hundreds of billions of won on the platform. South Korea’s own betting system, Sports Toto, caps individual bets at 100,000 won, far below reported Polymarket activity. Singapore, Myanmar, and Indonesia have already restricted Polymarket, while Gibraltar has approved prediction market operators to work as betting intermediaries. South Korean regulators are taking…

TLDR Vietnamese police dismantled two illegal betting networks worth about $133 million Authorities detained 85 people during raids carried out in late June The operations had been running since at least October Accounts used in the scheme were traced back to Cambodia Vietnam’s Ministry of Public Security broke up 73 gambling operations and arrested 346 people in 20 days Vietnamese authorities have taken down two illegal betting operations that processed roughly $133 million in wagers. The announcement came from police in Ho Chi Minh City. Officers detained 85 people connected to the networks. The raids took place in coordinated actions…

TLDR Senator Paolo Marcheschi filed Bill No. 1902 to reform Italian football governance and funding. The bill adds a 2% levy on bets placed on domestic football leagues. The tax could raise about €230 million a year. Half of the money would go toward youth football programs. Lawmakers hope to pass the bill by January 2027. Italy’s Senate received a new bill this week that could change how football is funded in the country. The plan centers on a 2% tax on football betting revenue. Senator Paolo Marcheschi introduced the bill, called “Provisions reordering the football system.” He filed it…

TLDR A US Army Special Forces soldier, Gannon Ken Van Dyke, is asking a court to dismiss the CFTC’s civil case against him. The CFTC accuses Van Dyke of using confidential military information to profit on Polymarket contracts tied to Maduro’s removal from power. Prosecutors say Van Dyke turned about $33,000 in bets into more than $400,000 in profit. His defense argues the Polymarket contracts were not “swaps” under the Commodity Exchange Act. The case could shape how courts view the CFTC’s authority over prediction markets going forward. Gannon Ken Van Dyke, a US Army Special Forces soldier, is trying…

TLDR Two traders sued Polymarket in the New York Supreme Court on July 3. The case involves a market asking whether Strategy would sell Bitcoin before May 31. Strategy confirmed a 32 BTC sale in a June 1 SEC filing, one day after the market closed. Polymarket settled the market as “No,” and the traders say this broke the platform’s own rules. Polymarket is facing more than 1,150 disputed markets in 2026, already above last year’s total. Two Polymarket users have filed a lawsuit against the prediction market platform. They say it changed the rules of a market after trading…

TLDR Flutter Entertainment confirmed layoffs at PokerStars across several regions. The cuts are part of a wider plan to bring PokerStars closer to FanDuel and other Flutter brands. PokerStars has already relaunched under the FanDuel name in North America. The layoffs follow earlier departures and cuts at FanDuel, including CEO Amy Howe’s exit. Flutter lowered its 2026 revenue guidance after a 38% drop in first-quarter net income. PokerStars confirmed Tuesday that workers in several regions were told their jobs were being cut. The company did not say which countries were affected most. Some roles in North America were included in…

TLDR LOTBA released a 2026 World Cup Awareness Guide to help families prevent problem gambling among children and teens. The guide points to a 2025 Argentine Red Cross study showing six in ten teens have been exposed to online betting. Most young bettors first try betting between ages 13 and 14, with boys betting three times more often than girls. 83% of youth bettors reportedly use digital wallets to place bets. The guide lists warning signs like phone obsession, hidden screens, mood swings, and requests for money. LOTBA, the Lottery of the City of Buenos Aires, has released a new…

TLDR A former DraftKings sports trader, Samuel Silverman, was arrested in Las Vegas and charged with felony gaming fraud and conspiracy. The case centers on a January 2025 Fresno State basketball game against Colorado State. Player Isaiah Robinson allegedly agreed to underperform so associates could win prop bets on his stats. Bettor Matthew Martin placed three parlays totaling $2,200 at BetMGM and won $15,950. The NCAA has already banned Robinson and teammate Steven Vasquez for life. A former DraftKings sports trader has been charged in Nevada in connection with a betting scheme tied to a Fresno State basketball game. Samuel…

TLDR The Ipoh High Court ruled that gambling debts cannot form the basis of a bankruptcy case in Malaysia. Judge Moses Susayan set aside a bankruptcy order against Lee Fook Khuen, 75, sought by Resorts World at Sentosa. The debt totaled S$5.930 million and stemmed from a S$10 million platinum credit facility used for gambling in Singapore. The ruling relies on a Federal Court decision that gambling credit facilities are void and not separate loans. Resorts World has filed a notice of appeal against the July 6 judgment. The Ipoh High Court has ruled that gambling debts cannot be used…