TLDR The NCAA is suing DraftKings for using “March Madness,” “Final Four,” and other trademarked terms on its sports betting app without permission A federal judge denied the NCAA’s request for a preliminary injunction but said the organization may still prove its case The NCAA wants the trial fast-tracked to February 2027 before the next tournament season begins DraftKings called the proposed timeline “unrealistic” and says it needs more time for discovery The NCAA fired back, accusing DraftKings of stalling, with a pretrial conference currently set for June 1 The NCAA and DraftKings are locked in a legal fight over…
Author: Maisie Morrison
TLDR Betfred owner Fred Done moved his property group to Jersey in March, ahead of the UK’s inheritance tax changes on family businesses Done and his brother paid £400 million in tax last year, making them the biggest individual UK taxpayers in 2025 Sky Bet already moved commercial operations to Malta, reportedly saving around £55 million in UK tax per year Remote Gaming Duty on online casino games jumps from 21% to 40% in April 2026, with sports betting duty rising from 15% to 25% in 2027 Betfred warns that 300 of its 1,273 UK betting shops were already loss-making…
TLDR MGM Resorts says construction on MGM Osaka is progressing on schedule, with over 40% of foundation piles installed and the first steel structure in place. The $10 billion integrated resort on Osaka’s Yumeshima Island is expected to open in 2030 as Japan’s first legal casino resort. MGM and Orix Corporation each hold 40% of the project, with MGM serving as the sole licensing operator. The company plans to spend $200 million to $225 million on the Japan project this year, largely funded through a yen-denominated credit facility. Texas Capital analyst David Bain values MGM’s Japan resort at $9 per…
TLDR Betr Entertainment hit a 10% net win margin in Q3 FY2026, with net win reaching €23.3 million on €233.6 million in turnover Turnover grew only 2% year-on-year, suggesting margin gains came from cost control rather than customer growth The company pulled back on marketing, shifting to data-driven promotions targeting higher-value customers Cash flow remains negative, with €5.4 million in operating outflows during the quarter Betr kept its guidance unchanged and expects to approach break-even cash flow next quarter Betr Entertainment posted a 10% net win margin in its third quarter of fiscal year 2026, marking a return to double-digit…
TLDR Kalshi faces court hearings in Massachusetts and Maryland this week that could shape the future of prediction markets Flutter Entertainment reports Q1 earnings on May 6, with DraftKings, Wynn Resorts, and Coinbase following on May 7 The CFTC continues backing Kalshi with lawsuits and filings against multiple states over prediction market jurisdiction The U.S. Senate passed a ban on members using prediction markets and is pushing the House to follow Gambling bills covering online casinos, sweepstakes bans, and sports betting are advancing in several states Prediction market company Kalshi is heading into two major court hearings this week. The…
TLDR Caesars Entertainment has stopped accepting credit card deposits across all its U.S. online gambling platforms including Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online. The move follows similar decisions by DraftKings, FanDuel, BetMGM, and bet365, which all dropped credit cards within the past year. Customers can still use debit cards, ACH/eCheck, PayPal, Venmo, Apple Pay, prepaid Play+ cards, and cash deposits at retail locations. Analysts say the revenue impact is minimal, noting DraftKings saw no material change in handle after removing credit cards. Several U.S. states already ban credit card deposits for online betting, and…
TLDR The group behind MyStake, DonBet, GoldenBet and Rolletto dissolved its Curaçao-registered holding companies Santeda International B.V. and GTW B.V. British bettors reportedly wagered more than £3bn with the Georgia-based operator in 2025. The upcoming GAMRS report was delayed after a legal letter from defamation law firm Carter-Ruck but is now expected this week. After corporate services provider IGA Group stepped down as director, an unknown individual named Xianbo Wei was listed in its place. The group’s brands have targeted self-excluded gamblers through “not-on-Gamstop” advertising and operate without UK regulatory protections. One of the largest operators in the UK’s black…
TLDR Clear Street has joined Kalshi as the first institutional Futures Commission Merchant on the prediction market exchange Institutional investors can now trade event-based contracts through familiar clearing and settlement systems The partnership includes plans to support swap structures that could eventually be used by ETF issuers Event contracts offer a way to hedge specific outcomes tied to economic data or political events Clear Street’s unified technology platform allows it to add new asset classes without rebuilding infrastructure Prediction markets have long been seen as a playground for retail traders and political junkies. That may be starting to change. Clear…
TLDR Google Ads now allows gambling promotions in Alberta starting May 4, but only for operators licensed by the Alberta Gaming, Liquor and Cannabis Commission. Advertisers can initially run brand awareness campaigns only, with all ads geo-restricted to Alberta. Alberta’s regulated online gambling market is set to launch on July 13, making it the second Canadian province after Ontario to allow private operators. All sportsbooks and casinos must earn RG Check accreditation for responsible gambling before they can operate. Major operators like BetMGM, Caesars, DraftKings, and Rush Street Interactive have confirmed plans to enter the Alberta market this summer. Google…
TLDR Resorts World New York City opened the city’s first live dealer casino floor on April 28, featuring blackjack, craps, baccarat, and roulette The new gaming area includes over 240 table games alongside more than 2,500 existing slot machines The launch followed regulatory approval from the New York State Gaming Commission Resorts World hired around 1,250 new employees, including roughly 950 table game dealers, for the expansion Additional gaming spaces are expected to open in fall 2026 as part of a larger property build-out Resorts World New York City has officially opened the first live dealer casino floor in New…