TLDR Uruguayan Senator Felipe Carballo has introduced a bill to regulate online gambling through a state-supervised platform The bill would create a National Online Gambling Regulatory Agency with power to grant licenses and audit platforms Users would need to register on official platforms with spending limits and financial transaction tracking Previous attempts to regulate online gambling failed due to opposition from powerful private gaming operators Over 150 illegal international gaming websites are reportedly blocked daily in Uruguay Uruguay is taking a fresh run at regulating its online gambling market. Senator Felipe Carballo has introduced a bill that would bring online…
Author: Maisie Morrison
TLDR Brazil’s Federal Revenue Service issued new guidelines on how bettors must calculate and pay income tax on winnings from sports betting and fantasy sports Winnings are only taxable if a bettor’s net annual profit exceeds BRL 28,467.20, with amounts above that threshold taxed at 15% Bettors must provide a “ComprovaBet” document from betting sites summarizing all their annual transactions A new digital tool has been launched to help bettors calculate their tax liability Taxpayers can pay what they owe in up to 60 monthly installments of at least BRL 200 through the e-CAC portal Brazil’s Federal Revenue Service, known…
TLDR Sweden’s Spelinspektionen ordered Novatech to stop operating in the country after finding it offered gambling without a licence Investigators found Novatech websites automatically assigned Swedish country codes to users registering from Swedish IP addresses Swedish-language websites and video creators were reportedly promoting Novatech’s platforms to local audiences Days earlier, the Dutch regulator fined Novatech a record €24.9 million for illegally targeting players in the Netherlands The Dutch fine could have topped €100 million but was capped at 10% of the company’s global turnover Sweden has ordered Novatech to immediately stop offering gambling services in the country. The decision came…
TLDR Gambling.com posted full-year 2025 revenue of $165.4 million, up 30% from $127.1 million in 2024 Q4 adjusted EPS of $0.30 beat the $0.24 analyst forecast by 25% Subscription-based revenue now makes up 26% of total revenue, up from near zero in 2024 Google core updates in late 2025 hurt organic search traffic, putting pressure on the legacy SEO business The company guided 2026 revenue at $170–$180 million with adjusted EBITDA margins dipping to around 30% Gambling.com reported full-year 2025 revenue of $165.4 million, a 30% jump from $127.1 million in 2024. The company credited its shift toward subscription-based sports…
TLDR An Ohio federal court denied Kalshi’s request to block state regulators from overseeing its sports-based prediction contracts The judge ruled that federal commodity laws do not override state gambling regulations The decision directly contradicts CFTC Chair Michael Selig’s claims of exclusive federal authority over prediction markets Kalshi plans to appeal, pointing to a contradictory federal court ruling it won in Tennessee The emerging split between federal courts creates growing uncertainty for the prediction market industry Prediction markets just ran into a wall in Ohio. Chief Judge Sarah Morrison of an Ohio federal court denied Kalshi a preliminary injunction this…
TLDR Kalshi prediction market traders give Trump a 70% chance of impeachment before January 1, 2028, with over $1.7 million in trading volume on the contract. Short-term odds remain low, with only a 4% chance of impeachment before June 2026 and 13% before January 2027. Traders are also betting on which world leaders might leave power before the end of 2026, with Cuba’s Díaz-Canel topping the list at 31%. Prediction platforms like Kalshi and Polymarket continue to grow as tools for tracking political expectations in real time. Despite the high long-term probability, the numbers reflect trader sentiment and can shift…
TLDR Polymarket announced a partnership with Palantir Technologies and TWG AI to build an AI surveillance platform for its prediction markets The system will use the Vergence AI engine to monitor trading activity and detect suspicious patterns in sports markets The platform will include trade monitoring, anomaly detection, prohibited trader screening, and compliance reporting tools The move comes after multiple insider trading incidents on prediction markets, including trades tied to U.S. military and political events The Coalition for Prediction Markets, which includes Kalshi and Coinbase, has publicly distanced itself from Polymarket over past controversies Polymarket has teamed up with Palantir…
TLDR Senator Adam Schiff introduced the DEATH BETS Act to ban prediction market contracts tied to war, terrorism, assassination, and death The bill would remove the CFTC’s discretion and write permanent prohibitions into federal law Representative Mike Levin noted over $500 million was wagered on the timing of U.S. military strikes on Iran Senator Richard Blumenthal introduced a separate bill targeting fraud and insider trading in prediction markets Blumenthal’s bill would also return some oversight power to individual states Democrats in Congress are taking aim at prediction markets with two new bills that would ban contracts tied to war, death,…
TLDR Nearly a third of Gen Z is using or considering crypto, sports betting, and prediction markets to reach financial goals, per Northwestern Mutual’s 2026 study. 80% of Gen Z investors in these assets believe they offer a faster path to wealth than traditional methods. Only 32% of Polymarket traders have turned any profit, with 92% of winners earning $1,000 or less. Despite rising financial nihilism, the share of Americans feeling financially secure rose 6 points year-over-year to 50%. Inflation remains the top barrier to financial security for 42% of Americans, ahead of lack of savings and personal debt. Young…
TLDR Finland’s iGaming market officially opens to international competition on July 1, 2027, ending the state gambling monopoly State operator Veikkaus will keep exclusive control over national lottery draws and physical slot machines Veikkaus cut 26 jobs and created 22 new roles to prepare for the competitive market The company reported €936 million in sales and €431.6 million in operating profit last year Government officials are discussing a possible future privatization of Veikkaus after market liberalization Finland is about to make one of the biggest changes to its gambling industry in the country’s history. The state-run monopoly on online gambling…