TLDR Marves Fairley pleaded guilty to all seven federal charges in both NBA and NCAA basketball game-fixing cases He faces a maximum 20-year sentence, with prosecutors seeking 97 to 121 months; sentencing is set for February 24, 2027 Fairley used NBA connections to obtain insider information and recruited college players to shave points The NBA case centers on former Miami Heat player Terry Rozier allegedly manipulating his stats for gamblers Fairley joins co-conspirators Damon Jones and Jalen Smith in taking a guilty plea The Full Story Marves Fairley, a Mississippi sports bettor, stood before a federal judge in Brooklyn on…
Author: Maisie Morrison
TLDR India’s Supreme Court has ruled poker, fantasy sports, and rummy are subject to a 28% Goods and Services Tax as gambling The tax applies retrospectively, meaning operators face back-tax demands from before 2023 Tax is calculated on the full value of bets placed, not just gross gaming revenue Back taxes owed across the sector could total as much as US$14 billion The ruling adds pressure to a sector already facing a parliamentary ban on real-money online gaming India’s Supreme Court has ruled that skill-based games including poker, fantasy sports, and rummy fall under the definition of gambling for tax…
TLDR Sports law professor José Manssur says betting ads face more criticism than alcohol ads during sporting events, calling this a double standard Brazilian retail could lose up to BRL 103 billion in consumer spending to betting platforms in 2024, according to the CNC Manssur argues the retail sector’s opposition to betting is partly driven by lost sales revenue, not just public health concerns A 2019 national survey found 63.3% of Brazilian school students had consumed alcohol, with 34.6% starting before age 14 Manssur is calling for a consistent approach to advertising restrictions across both betting and alcohol industries Brazil…
TLDR Puerto Rico’s gaming regulator announced it will join the National Voluntary Self-Exclusion Programme (NVSEP) starting June 2026 The program lets residents ban themselves from multiple gambling operators through a single online application NVSEP is already active in eight US states including California, Michigan, Colorado and Louisiana The platform was built by tech firm idPair, which manages cross-jurisdictional exclusion lists Self-exclusion programs are growing worldwide, with Brazil and Portugal recently launching or updating their own systems Puerto Rico’s gaming regulator announced on Tuesday that the island will join the National Voluntary Self-Exclusion Programme. The move brings a centralized self-exclusion system…
TLDR Trump declared the CFTC must keep sole authority over prediction markets and block state-level interference Minnesota became the first state to pass a law blocking prediction market operators, signed by Tim Walz New York AG Letitia James accused crypto firms tied to prediction markets of running unlicensed gambling operations Trump and his family have financial ties to crypto ventures and prediction market platforms like Kalshi and Polymarket The core legal fight is whether prediction markets are federally regulated financial exchanges or state-regulated gambling The White House is stepping directly into a growing fight between federal and state governments over…
TLDR The UK Gambling Commission has pushed back its deposit limit overhaul deadline from June 30 to September 30, 2026, giving operators an extra three months to comply. New rules require gambling companies to implement standardized gross deposit limits across fixed time windows, removing net winnings from calculations. Operators must use the term “deposit limits” exclusively and give these tools equal prominence alongside other financial controls. The delay comes as the broader debate over Financial Risk Assessments remains unresolved, with deep resistance from the industry. The changes trace back to the review of the 2005 Gambling Act and a government…
TLDR Illegal gambling operators now control an estimated 53% of Costa Rica’s lottery and betting market Unlicensed platforms drain roughly $300 million per year from the country’s economy Lawmakers have introduced Bill 25.600 to modernize the Junta de Protección Social and create real-time monitoring of gambling activity The reform would link gambling oversight with financial crime agencies including the Financial Intelligence Unit Costa Rica still has no dedicated online gambling licensing system or central gambling regulator Costa Rica’s government is facing renewed pressure to overhaul its gambling laws after estimates showed that more than half of the country’s betting market…
TLDR Austria’s Finance Ministry has drafted a law to end its online casino monopoly and allow multiple operators to apply for licenses Operators must settle outstanding court rulings and pay backdated taxes to qualify, which could lock out smaller companies Weekly deposit limits would cap young players under 26 at €250 and older players at €1,680 Maximum stakes would drop to €2 per spin, jackpots would be banned, and max winnings cut to €2,000 A new independent gambling authority may not be established until 2030, and the timeline for issuing licenses remains uncertain A leaked draft law from Austria’s Finance…
TLDR DraftKings-owned Railbird Exchange has self-certified six sports event contract types with the CFTC for its new DKeX platform The contracts cover game wins, spreads, player stats, outperformance, achievements, and game properties These contracts closely mirror traditional sportsbook markets like moneylines, spreads, and player props DKeX will give DraftKings direct control over its own exchange infrastructure instead of relying on third-party exchanges CEO Jason Robins called prediction markets a strategic priority during the company’s Q1 earnings call DraftKings Files Six Contract Types Through Railbird Exchange DraftKings has taken a major step toward building its own prediction market exchange. The company’s…
TLDR New York Senate Bill 10470 would ban mobile sports betting on all college campuses in the state Sportsbooks would be required to install geofencing technology to block bets placed from campus grounds Colleges would need to provide geographic data and updated maps to support the geofencing systems Operators would have until August 1, 2027 to comply if the bill passes The proposal is part of a broader wave of gambling reforms New York has pursued throughout 2026 A new bill in New York would ban mobile sports betting on every college campus in the state. Senate Bill 10470, filed…