Author: Maisie Morrison

TLDR Svenska Spel posted its strongest second quarter since Sweden’s regulated gambling market opened in 2019. Net gaming revenue rose 7% to about €175 million, and operating profit climbed 13% to €55 million. The World Cup pushed June sports betting revenue up 135% compared to last year. Digital channels made up 67% of total revenue, with mobile devices accounting for 58%. Sweden’s unlicensed gambling market is estimated at €321 million to €652 million a year. Svenska Spel has reported its best second quarter since Sweden opened its regulated gambling market in 2019. The company credited the World Cup for lifting…

TLDR A New York judge allowed most claims in Nigel Eccles’ FanDuel lawsuit to move forward. The case centers on FanDuel’s 2018 merger with Paddy Power Betfair, which formed PandaCo. Plaintiffs say FanDuel’s 40% stake was undervalued at 559 million dollars. The judge dismissed two claims but let fraud and fiduciary duty claims proceed. Flutter later paid about 4.2 billion dollars for the rest of PandaCo in 2020. A New York judge has let most of a lawsuit against FanDuel move forward. The case was brought by co-founder Nigel Eccles and more than 100 former employees and investors. Judge Andrea…

TLDR Entain wants sports bodies to voluntarily ban sponsorship deals with unlicensed gambling firms before new UK laws take effect. The UK Government has opened a consultation on banning such sponsorship deals. H2 Gambling Capital data shows illegal betting turnover rose from £5 billion in 2019 to £16.6 billion in 2025. Entain wants the ban to cover more than shirt sponsors, including LED boards and digital ads. Entain sent letters to the Premier League and the Independent Football Regulator asking for quick action. Entain has asked British football authorities to stop working with unlicensed gambling companies. The request comes as…

TLDR The UK government launched an eight-week consultation on banning sponsorships from gambling operators without a UK Gambling Commission license. The preferred start date is August 2027, with a phased option running until August 2028. Everton signed a new sleeve deal with crypto casino Stake despite the looming ban. The rule would only cover physical sponsorships like kits and stadium billboards, not online ads. Public feedback is open until September 9, with a decision expected by the end of 2026. The UK government has opened a consultation on banning sponsorships and advertising from gambling operators that lack a UK Gambling…

TLDR Google added Michigan and New York to its list of states where prediction market ads are banned. The ban brings the total number of restricted states to four, joining Nevada and Ohio. Only advertisers with CFTC or NFA authorization can run prediction market ads in approved states. The changes follow court rulings against Kalshi in both Michigan and New York. A Michigan judge gave Kalshi until August 12 to stop offering sports contracts in the state or face daily fines. Google has stopped allowing ads for prediction market contracts in Michigan and New York. The change took effect July…

TLDR Kenya collected KSh16.53 billion ($127.9 million) in betting taxes for the 2025/26 financial year. The total is a 24.9% increase from the year before and 115.9% of the government’s target. Withholding tax on betting and gaming jumped 59.2% over the period. A new Gambling Regulatory Authority began enforcing six fresh rules on June 30. Families can now apply to block relatives from gambling under new player safety measures. Kenya’s tax authority collected more money from betting than it expected to during the 2025/26 financial year. The Kenya Revenue Authority reported total betting tax collections of KSh16.53 billion, or about…

TLDR Gibraltar’s new Gambling Act removes the single B2B licence and replaces it with a tiered system. Suppliers can now pick a licence level that fits the size of their business. The reform ends “sheltering,” where suppliers operated under a licensed B2C operator’s permit. The law shifts away from server-based rules toward a cloud-service licensing model. Operators and suppliers have six months to adjust before the new system fully takes effect. Gibraltar has introduced a new Gambling Act that changes how gambling suppliers get licensed in the territory. The old system required a single B2B licence, no matter how big…

TLDR Nepal has raised annual casino royalty fees under its 2026-27 Financial Bill. Full casino license fees rose from NPR50 million to NPR55 million per year. Mini-casino fees doubled from NPR15 million to NPR30 million per year. Operators warn the higher fees could threaten mini-casino businesses and thousands of jobs. Industry groups are asking the government to review the new fee structure. Nepal has raised the yearly royalty fees casino operators must pay to run their businesses. The change came through the Financial Bill for the 2026-27 fiscal year. The government made the move to raise more state revenue. It…

TLDR The Indian Gaming Association held its 2026 Summer Legislative Summit in Washington this week. Tribal leaders are asking Congress to amend the CLARITY Act to block sports and casino-style betting on prediction markets. IGA Chairman David Z. Bean called prediction markets one of the biggest threats to tribal gaming in decades. California tribes are still targeting 2028 for a tribally led online sports betting ballot initiative. Tribes say prediction markets have already cost them up to five percent of gaming revenue, and some have filed lawsuits against platforms like Kalshi and Robinhood. Tribal leaders from across the country gathered…

TLDR The CFTC blocked Kalshi’s plan to unwind and refund Michigan trades, ordering the exchange to honor them under normal rules instead. Kalshi had filed an emergency rule change on July 12 after a Michigan court ordered trades to be voided, cancelled, and refunded. This is the first time the CFTC has used emergency powers to override a state court’s move to cancel already executed prediction market trades. Kalshi says it had already unwound the trades under the Michigan court order before the CFTC rejected the filing. The CFTC has also taken legal action against several other states, including Arizona,…