Author: Maisie Morrison

TLDR Glasgow will get €4.02 million over three years from the UK’s new gambling levy The money will fund prevention work, financial support and staff training Betting shops are concentrated in Glasgow’s most deprived neighbourhoods Gambling harm reportedly costs Glasgow more than €17.55 million a year The new national levy is expected to raise around €117 million a year across the UK Glasgow City Council will receive €4.02 million over the next three years to expand its response to gambling harm. The money comes from the UK’s new statutory gambling levy. Some of the funding will go directly to neighbourhoods…

TLDR Vicky Foxcroft has been appointed the UK’s new gambling minister, replacing Baroness Twycross She has a long record of supporting stricter gambling rules and consumer protections Her appointment follows the government’s reversal of the “aim to permit” rule for local councils The Betting and Gaming Council has welcomed her appointment and wants a balanced approach The Council also thanked outgoing minister Baroness Twycross for her work with the industry Vicky Foxcroft has been named the UK’s new minister responsible for gambling policy. She takes on the role of parliamentary under-secretary of state for Museums, Heritage, Gambling and Lords Minister.…

TLDR New York City Council has opened an investigation into four prediction market platforms over advertising practices. Council Speaker Julie Menin sent letters to Polymarket, Kalshi, Coinbase and Gemini Titan on August 11. The letters raise concerns that companies may have targeted young adults and possibly minors with misleading ads. Companies have 14 days to respond to more than 60 questions about users, revenue and marketing. The probe comes as New York’s Attorney General separately sues Kalshi over alleged illegal gambling operations. The New York City Council has started looking into how four prediction market platforms advertise to residents. The…

TLDR Lazio and Polymarket ended their 19 million euro sponsorship deal by mutual agreement Italian regulators classified Polymarket as a betting platform and blocked access to the site Polymarket will still pay Lazio the full amount owed for the 2026/2027 season Both sides say they could form a new partnership if Italian rules change in the future Polymarket has faced bans or restrictions in Hungary, Romania, Spain, Ireland, and other countries Lazio has ended its sponsorship deal with Polymarket. The Italian football club confirmed the split on August 12, 2026. The deal was worth 19 million euros. It was signed…

TLDR Lawmakers sent a joint letter to MLB, the players union, and FanDuel demanding changes to VIP betting promotions. The letter followed a scandal involving a Cameo video from Bryce Harper that FanDuel gave to a bettor who lost more than $1.5 million. Harper says he did not know how FanDuel planned to use the video and would not have made it otherwise. Senator Richard Blumenthal and Representatives Paul Tonko and Valerie Foushee are leading the push for reform. MLB, the union, and FanDuel have until August 24 to respond to formal questions about their marketing rules. Lawmakers in Washington…

TLDR Brazil has blocked more than 60,000 illegal betting websites since automated enforcement began in October Illegal betting still makes up 38% to 41% of Brazil’s betting market, down from an earlier estimate The government is working with the financial system to freeze funds tied to illegal operators Brazil’s Federal Court of Accounts called for joint action between the Ministry of Finance, Central Bank, and other agencies Licensed operators must follow rules like biometric checks, traceable payments, and age limits Brazil’s Ministry of Finance says it will keep targeting illegal betting operators. The goal is to strengthen the country’s regulated…

TLDR PAGCOR’s minimum guaranteed fee rule took effect on July 1, 2026, after two delays. Operators offering electronic casino games must pay a minimum of PHP9 million monthly once revenue hits PHP30 million. Operators without electronic casino games pay a PHP3 million minimum once revenue reaches PHP15 million. Fees rise again on January 1, 2027, to PHP10.5 million and PHP4 million. The number of accredited gaming system administrators has dropped to 60 as of July 30. The Philippine Amusement and Gaming Corp, known as PAGCOR, has confirmed its new minimum fee rule for online gaming system administrators started on July…

TLDR Paradise Co’s net income fell 24.4% year on year in the second quarter of 2026. The company still posted higher sales, up 11.8% compared with the same period last year. First half casino sales reached KRW477.62 billion, a 5.1% increase from last year. Hana Securities warned a proposed new casino tax cap could cut annual profit by 9%. The proposed regulation change has not been adopted and remains under discussion. Paradise Co, a South Korean casino operator, reported lower profit for the second quarter of 2026. The company’s net income fell despite higher sales during the period. Net income…

TLDR Konami Gaming Inc has achieved ISO 27001 certification for its information security management system. The certification covers the Synkros casino management system and the Konami Online Interactive iGaming platform. Schellman & Co LLC, a US-based certification body accredited by ANAB and UKAS, carried out the audit. The certification is valid for three years, with annual surveillance reviews starting in 2027. Multiple internal teams took part, including IT, security, marketing, and technical compliance staff. Konami Gaming Inc has received ISO 27001 certification for its information security management system. The certification applies to two of the company’s core products. Those products…

TLDR Gambling and prediction market companies have donated more than $12 million to Florida political campaigns ahead of the 2026 election. The Seminole Tribe gave about $9 million, including $4 million to governor candidate Byron Donalds. FanDuel, DraftKings, Caesars, PrizePicks and Underdog donated despite being shut out of Florida’s regulated sports betting market. Prediction market companies Kalshi and Robinhood gave hundreds of thousands of dollars, mostly to Donalds. Susquehanna co-founder Jeff Yass gave $11 million combined to Donalds and a political committee supporting him. Gambling and gaming companies have given more than $12 million to Florida political campaigns ahead of…