TLDR Morgan Stanley forecasts Macau casino GGR to rise 6% in 2026, compared to just 1% growth for Singapore and Las Vegas Macau’s 2025 GGR already hit MOP247.40 billion (US$30.63 billion), up 9.1% year over year Despite revenue growth, Macau EBITDA is expected to rise only 2% due to rising cost pressures Morgan Stanley downgraded its Macau gaming outlook from “attractive” to “in-line” Singapore gaming volumes are expected to rise but EBITDA is projected to decline 1% in 2026 Macau’s casinos are on track to outgrow their competitors in Singapore and Las Vegas this year in terms of gross gaming…
Author: Maisie Morrison
TLDR An Argentine judge has ordered a nationwide block on Polymarket for operating without a gambling licence Google and Apple have been instructed to remove the Polymarket app from their stores in Argentina The investigation found Polymarket allowed rapid account creation with no identity verification or age checks Portugal and the Netherlands have also taken enforcement action against Polymarket in recent months Brazil’s betting regulator said it is monitoring prediction markets after Kalshi launched in the country A Buenos Aires court has ordered a nationwide block on Polymarket, the cryptocurrency-based prediction market platform. The judge ruled the platform was operating…
TLDR Polymarket collected over $11.2 million in trading fees in just 70 days after ditching its zero-fee model Weekly revenue climbed from $560,000 to $1.84 million over the past 10 weeks The platform uses a dynamic fee system that charges more on 50/50 bets and less on lopsided ones Fees have expanded from 15-minute crypto markets to all crypto events and some sports betting Binance estimates suggest Polymarket could generate up to $360 million in annual revenue Prediction market platform Polymarket has pulled in more than $11.2 million in trading fees over the past 70 days. The milestone comes after…
TLDR Arizona became the first state to file criminal charges against prediction market platform Kalshi, accusing it of running an illegal gambling operation The 20-count criminal case includes charges for election wagering on the 2028 presidential race and 2026 Arizona races A federal judge denied Kalshi’s emergency restraining order and questioned whether his court should even hear Kalshi’s federal lawsuit Kalshi called the charges “seriously flawed” and “gamesmanship,” saying they were timed to dodge federal court review CFTC Chairman Mike Selig called the criminal charges “entirely inappropriate” and said the agency is evaluating its options Arizona has become the first…
TLDR Portugal’s online gambling market generated €337.6 million in gross revenue in Q4 2025, up 4.5% year-over-year and 13.6% quarter-over-quarter. Casino games drove €214 million in revenue, up nearly 16% from last year, making up over 63% of total market revenue. Sports betting revenue fell about 10% to €123.6 million despite a 7% increase in total betting volume. Players wagered €5.9 billion during the quarter, with slots accounting for over 80% of all bets placed. The regulator blocked 116 unlicensed websites and reported over 361,000 self-exclusion requests by year-end. Portugal’s online gambling market closed out 2025 on a high note.…
TLDR Polymarket bettors sent death threats to a military reporter, demanding he change his coverage of an Iranian missile strike on Israel to help them win bets from a $14 million prediction pool The reporter refused to alter his story and filed a police report, handing all threat messages to authorities U.S. lawmakers introduced the Death Bets Act to ban prediction markets involving war, assassinations, and human fatalities Polymarket banned the threatening users and removed a market asking users to bet on a nuclear weapon detonation Despite the controversy, Kalshi processed over $10 billion and Polymarket nearly $8 billion in…
TLDR Offshore gambling operators earned 80.6 billion euros in 2024, compared to just 33.6 billion euros by licensed companies across the EU European governments lost an estimated 20 billion euros in tax revenue to illegal gambling platforms Domain blocking has proven ineffective as illegal operators quickly launch replacement websites Countries like Romania and the Netherlands are raising taxes on legal operators, widening the gap with unregulated competitors Seven European nations signed a joint agreement in November 2025 to target payment providers and tech platforms instead of chasing domains Offshore gambling platforms now control 71% of all online gambling revenue across…
TLDR Kalshi is offering a $1 billion prize for a perfect bracket prediction across all 63 men’s NCAA tournament games The odds of winning are about 1 in 120 billion, but the contest is generating massive buzz and media coverage Kalshi carefully avoids using the trademarked term “March Madness” after being scolded by the NCAA in the past The American Gaming Association says Kalshi is the most visible sports betting brand by digital ad impressions, with 5.2 billion per year The 2026 NCAA Tournament is the first where sportsbooks can officially use “March Madness” branding through a Genius Sports deal…
TLDR Spain unveiled its Safe Gambling Program 2026–2030 at a meeting of the Advisory Council on Safe Gambling in Madrid The program shifts from a “responsible gambling” model to a broader “safe gambling” approach focused on consumers It is built on three priorities: analysis and diagnosis, prevention, and participant protection The strategy includes 6 general objectives and 24 specific measures with a flexible multi-year structure There is a special focus on protecting vulnerable groups, especially youth, backed by scientific research Spain has officially launched its Safe Gambling Program 2026–2030. The new strategy aims to improve player protection and reduce harm…
TLDR Wisconsin lawmakers passed Assembly Bill 601, sending a statewide sports betting bill to Gov. Tony Evers for his signature The bill uses a “hub-and-spoke” model based on Florida’s tribal gaming framework, with servers located on tribal land Wisconsin tribes would reportedly receive at least 60% of sports betting revenue, which may discourage major operators like DraftKings and FanDuel from entering Prediction markets from DraftKings, FanDuel, and Fanatics could offer an alternative path into Wisconsin for national operators Gov. Evers has six days, excluding Sundays, to sign, veto, or let the bill become law without his signature Statewide sports betting…