Author: Maisie Morrison

TLDR DraftKings posted mixed Q2 2026 results, missing profit estimates but growing its player base CEO Jason Robins pushed back against Kalshi and Polymarket over claims about prediction market fairness DraftKings stock rose 8% Friday even after an earnings per share miss Flutter’s FanDuel trails DraftKings by up to a year in launching its own prediction exchange Wall Street analysts stayed mostly positive on DraftKings with price targets above the current stock price DraftKings reported second quarter earnings this week that showed a mixed picture for the sports betting company. The results came as the business pushes deeper into prediction…

TLDR The Philippine National Police arrested 9,401 people in July for illegal gambling. Officers seized more than PHP3.2 million, about $53,000, in betting money. Police also confiscated gambling equipment and other related materials. PNP chief Jose Melencio Nartatez Jr. said community tips help locate gambling hubs. Operations covered Metro Manila along with provinces and remote areas nationwide. The Philippine National Police arrested 9,401 people in July for taking part in illegal gambling. The arrests came from operations carried out across the country. Police said they seized more than PHP3.2 million, or about $53,000, worth of betting money. They also took…

TLDR Indonesia’s Ministry of Social Affairs paused aid for 1,494,652 households linked to suspected online gambling transactions The flagged accounts were identified through data matching with the PPATK financial intelligence agency Payments through the Program Sembako food aid scheme are on hold for the third quarter pending review The number is more than double the roughly 600,000 households flagged in earlier investigations PPATK reported online gambling turnover of about $5.3 billion across 467.32 million transactions in the first half of 2026 Indonesia’s Ministry of Social Affairs has paused welfare payments for close to 1.5 million households. The pause follows a…

TLDR Philippine GDP grew 2.3% year on year in the second quarter of 2026, the slowest pace since the pandemic. Growth dropped sharply from 5.5% in the same quarter of 2025. Officials pointed to rising fuel costs, inflation, and weaker remittances tied to the Middle East conflict. A pause in public construction linked to a flood control corruption probe also slowed activity. PAGCOR reported a 26.6% drop in gaming revenue for the first half of 2026, with online gaming down 41.9%. The Philippines economy grew by 2.3% year on year in the second quarter of 2026. This is the slowest…

TLDR Brazil’s Supreme Federal Court resumed hearing Extraordinary Appeal 966177, a case on the legal status of gambling The case will decide if a 1941 misdemeanor law criminalizing gambling still applies under the 1988 Constitution Justice Luiz Fux, the case’s rapporteur, said he supports keeping penalties on gambling exploitation Prosecutor General Paulo Gonet backed maintaining fines and penalties against people who bet Around 2,700 pending cases across Brazil could be affected by the final ruling Brazil’s Supreme Federal Court has resumed work on a case that could shape the future of gambling law in the country. The case, known as…

TLDR New York mobile sportsbooks kept $214.7 million in July, nearly double June’s total, as hold jumped from 5.19% to 11.42% Total betting handle fell 16.7% month over month to $1.88 billion, dropping below $2 billion for the first time in eleven months The state collected $109.5 million in tax revenue in July, up from $59.6 million in June, mostly funding education June’s low hold, tied to World Cup group stage upsets favoring bettors, had cut state tax collection by about $45 million July’s handle, while New York’s lowest in months, still grew 34% compared to July 2025 New York’s…

TLDR Former Philippine offshore gaming operators are reportedly relocating to Sri Lanka’s Port City Special Economic Zone. Recruiters are targeting former POGO workers from the Philippines, China, Vietnam, and Cambodia. Thousands of workers have reportedly moved to Sri Lanka, and some do not have valid work permits. Sri Lankan officials say new gambling rules will apply to Port City and the rest of the country. Networks such as KJC, P3Bet, and King Group have reportedly been linked to operations in Sri Lanka. Former Philippine offshore gaming operators and their workers are reportedly moving operations to Sri Lanka. Colombo’s Port City…

TLDR Holland Casino Online received a five-year extension to its Dutch online gambling licence. The new licence begins October 1, 2026 and runs until at least 2031. The Netherlands Gaming Authority approved the renewal on Thursday. The extension comes after a gambling tax hike added costs for the operator. CEO Petra de Ruiter said player protection remains the top focus going forward. Holland Casino Online has been granted a five-year extension to its online gambling licence in the Netherlands. The Netherlands Gaming Authority, known as Kansspelautoriteit, announced the decision on Thursday. The new licence term will start on October 1,…

TLDR Tribal leaders told a Senate committee that sports prediction markets act like sports betting without following tribal gaming rules. They said federal commodities law is being used to skip licensing and consumer protections required under the Indian Gaming Regulatory Act. Witnesses raised concerns that crypto legislation, the CLARITY Act, could open another loophole through its decentralized finance provisions. Tribal gaming generated $46.2 billion in revenue in 2025, and leaders worry prediction markets could cut into that money. No CFTC or prediction market company representative attended the roundtable to respond. Tribal gaming leaders asked Congress to step in and control…

TLDR Genius Sports signed separate deals with Kalshi and Polymarket for sports data and integrity services Polymarket’s deal also includes live streaming rights for select competitions like Serie A Both deals put a heavy focus on soccer, covering leagues such as the Premier League and Serie A The deals follow Kalshi’s $27 billion in trading volume during the 2026 World Cup Sportradar is also expanding into prediction markets through deals with Kalshi and Polymarket Genius Sports has signed separate deals with Kalshi and Polymarket, two prediction market platforms. Both agreements came this week, just before the company’s second quarter earnings…