Author: Maisie Morrison

TLDR Brazilian families lost an estimated R$62.5 billion (over $12 billion) to sports betting in 2025. Betting companies received roughly R$350.97 billion through Pix, Brazil’s instant payment system, during the year. The government’s official revenue figure of R$36.9 billion is far below the Comsefaz estimate, pointing to a large unregulated market. A ban on Bolsa Família welfare recipients betting, introduced in October 2025, was followed by slower growth in betting transactions. A separate study suggests illegal betting could make up 41% to 51% of Brazil’s total betting market. Brazilian households lost close to R$62.5 billion to sports betting platforms in…

TLDR A Connecticut federal judge denied Kalshi’s request to block state gambling law enforcement. The court ruled Kalshi’s sports event contracts do not qualify as swaps under federal commodities law. The judge rejected Kalshi’s claim that federal law preempts Connecticut’s gambling rules. Coinbase’s request for a similar injunction was denied in a related case the same day. Sports contracts made up between 80% and 90% of Kalshi’s total revenue. A federal judge in Connecticut has ruled against Kalshi in its fight over state gambling laws. U.S. District Judge Vernon D. Oliver said the company is unlikely to win its case…

TLDR Maryland gambling revenue reached $1.637 billion in fiscal 2026, a state record. Sports betting revenue grew from $88.9 million to $132.3 million year over year. About $99.7 million of sports betting funds went to Maryland’s Blueprint education program. $32.6 million from sports betting was sent to the state’s General Fund. Total gambling revenue grew by $48 million compared to fiscal 2025. Maryland’s gambling industry sent $1.637 billion to state programs in fiscal 2026. That is a record for the state. The fiscal year covered the period ending June 30. The figures come from Maryland Lottery and Gaming. The total…

TLDR Iowa regulators fined FanDuel $95,000 for offering wagers that were not approved under state law The penalty covers two separate cases: basketball bets and soccer card props FanDuel refunded losses to customers after mistakenly allowing bets on a Philippine basketball league The soccer violation involved a single flagged parlay bet on yellow and red cards FanDuel has faced similar fines in Massachusetts and Ontario over the past year The Iowa Racing and Gaming Commission has fined FanDuel Sportsbook $95,000. The penalty stems from two cases where the operator offered bets that were not permitted under state rules. FanDuel runs…

TLDR Bloomberg reported Kalshi parlay bettors lost $294 million this year, but that number blends two very different groups of traders When split apart, ordinary parlay buyers lost 16.6 cents per dollar on normal days and 35 cents per dollar during the World Cup final The other side, people betting against parlays, made 21 cents per dollar, but much of that reflects buyers cashing out early rather than fresh bets Buyer losses over the two week study period were higher than what legal sportsbooks typically keep on parlay bets Kalshi’s app does not let regular users bet against someone else’s…

TLDR Zimbabwe’s Lotteries and Gaming Board reported ZiG47.97 million ($1.89 million) in revenue for 2025. The regulator posted an operational surplus of ZiG2.48 million ($97,800) for the year. Joint operations with law enforcement led to 29 arrests and the seizure of 94 illegal gaming machines. The Board hired ten new staff and formed seven committees to improve governance. A new real-time Gaming Management System and updated gambling laws are in the works. Zimbabwe’s Lotteries and Gaming Board has released its financial results for 2025. The regulator reported revenue of ZiG47.97 million, which equals about $1.89 million. The Board also posted…

TLDR DraftKings’ Railbird Exchange, known as DKeX, filed nine football contract categories with the CFTC on Aug. 10. The contracts cover game winners, spreads, totals, player props, and season awards for the NFL and college football. The football contracts are set to become certified on Aug. 12 and can then be listed for trading. The filing follows a separate certification of DKeX’s COMBOS product on Aug. 7, which lets users combine multiple contracts. CEO Jason Robins expects football season to bring millions of new customers to the exchange, calling it the company’s biggest season yet. DraftKings is getting ready for…

TLDR PhilWeb Corporation reported net income of PHP47.0 million ($769,000) in the second quarter of 2026, reversing a loss from a year earlier. Revenue rose 96% year-on-year to PHP352.4 million ($5.76 million), driven by growth in Digital Gaming Solutions. The Digital Gaming Solutions segment made up 57% of group revenue and had no revenue in the same period last year. First-half 2026 revenue climbed 63.3% to PHP585.4 million ($9.57 million), with net income of PHP61.0 million ($997,000). PhilWeb signed new partnerships with gaming operators and plans to expand artificial intelligence use across its business infrastructure. PhilWeb Corporation returned to profit…

TLDR A Mississippi study found that 25% of students at public universities gambled, with 7% showing signs of problem gambling. Nearly all students in the survey reported some level of mental health concern. The study surveyed 1,800 students across 8 public universities in 2021. Researchers say access to gambling has grown, but mental health support has not kept pace. Experts are calling for more funding and resources to help students struggling with gambling. A new study out of Mississippi has found that college students with gambling problems often deal with mental health issues too. The research adds to a growing…

TLDR The Santiago Court of Appeals approved DNS blocking as the method for shutting down unauthorized online gambling sites in Chile. Telecom companies including Claro, Entel, GTD, Telefónica, WOM and VTR must block domains once they are validated. Chile’s Superintendency of Casinos (SCJ) will confirm which reported sites are actually illegal gambling platforms. The ruling follows a September 2025 Supreme Court decision favoring Lotería de Concepción in its case against telecom firms. An industry group, aPAL, says the court may be overstepping its authority and wants a broader Senate bill passed instead. A court in Chile has laid out a…