TLDR CASPR launched “Life Savings,” a new initiative targeting online gambling addiction with model legislation, 50-state scorecards, and revenue outflow calculations Co-founder Nicholas Reville argues the gambling industry pushes only post-addiction policies like hotlines, while blocking reforms that would actually prevent addiction CASPR’s model legislation proposes a duty to intervene, a credit card ban, raising the gambling age to 25, and automatic timeouts for problem behavior Anecdotal evidence suggests GLP-1 drugs (like Ozempic) may reduce gambling cravings, though formal trials for gambling disorder haven’t started yet Reville says prediction markets like Kalshi are exploiting a loophole to offer sports betting…
Author: Maisie Morrison
TLDR Macau Legend Development expects a full-year 2025 loss of nearly HKD1.57 billion (US$200 million), up from HKD623 million in 2024. A HKD1.18 billion impairment charge on property and assets at Fisherman’s Wharf drove most of the wider loss. The Legend Palace casino shut down on November 12, 2025, after SJM Holdings did not renew its service agreement. The company set aside HKD71 million for employee compensation tied to the casino closure. Macau Legend raised HKD93 million through a rights issue earlier this year to shore up working capital. Macau Legend Development Ltd is staring down a projected loss of…
TLDR Brazil’s Federal Revenue Service expects R$4.4 billion from new taxes on fintechs, betting operators, and interest on equity Changes to the CSLL tax on financial institutions will generate R$1.1 billion, with traditional banks facing a 20% rate Interest on equity taxation rises from 15% to 17.5%, expected to bring in R$3.1 billion Betting sector GGR tax increase estimated to yield R$260 million in new revenue Brazil’s GDP growth forecast lowered to 2.33% for 2026, while inflation expectations rose to 3.74% Brazil’s Federal Revenue Service has outlined a package of tax reforms projected to generate R$4.4 billion in new revenue.…
TLDR CBRE projects three new NYC casinos could generate between $4.1 billion and $5.6 billion in annual revenue About 70% of revenue is expected to come directly from gaming activities on the casino floors Genting, Bally’s, and Hard Rock International hold the three NYC casino licenses Genting’s Resorts World New York has a first-mover advantage and could offer live table games later this year NYC casinos will operate differently from Las Vegas, relying heavily on gaming rather than hotels and entertainment New York City is gearing up for a major expansion of its gambling industry. A new financial report from…
TLDR Kalshi and Polymarket both announced new insider trading safeguards on the same day amid pressure from U.S. lawmakers and regulators. Kalshi is launching tech tools to preemptively block politicians and athletes from trading on their own events. Polymarket expanded its market integrity rules and is building an AI-powered surveillance platform with Palantir and TWG AI. A recent survey found 60% of prediction market users suspect insider trading is happening on these platforms. Multiple federal and state bills have been introduced to regulate or ban prediction markets across the U.S. Kalshi and Polymarket, two of the biggest prediction market platforms…
TLDR Philippine National Police ordered its Anti-Cybercrime Group to escalate enforcement against cybercrime on gaming platforms including Roblox Prosecutors flagged Roblox features resembling gambling and potential child exploitation including grooming and sexual predation Roblox has over 111 million daily users with roughly 40% under 13 years old Research from the University of Sydney found children struggle to understand in-game currency and random reward mechanics, with parents calling them “child gambling” The crackdown extends beyond Roblox to other gaming and social media platforms, reflecting a broader international regulatory trend The Philippine National Police has launched a crackdown on cybercrime linked to…
TLDR Polymarket is expanding trading fees to most market categories including politics, finance, culture, weather, and tech starting March 30 Crypto markets will carry the highest fees, peaking at 1.8% at 50% probability, while sports markets remain the lowest at 0.75% A new referral program offers 30% of fees from direct referrals and 10% from second-level referrals for 180 days Only users who have traded at least $10,000 in volume qualify for the referral program New market integrity rules target insider trading, illegal tips, and manipulation by individuals who can influence event outcomes Polymarket, the prediction market platform, is set…
TLDR A Victoria-based study of 525 women aged 18-40 found gambling marketing has made betting seem normal and socially acceptable for women Female celebrities, influencers, and women’s sports sponsorships were identified as key tools driving female gambling participation Participants said promotions framing bets as “fun” or charity-linked masked the real risks of gambling harm Women were skeptical of corporate social responsibility campaigns by gambling companies, calling them “reputation-building” tactics Researchers called for tighter regulations covering influencer partnerships, novelty markets, and CSR activities used as indirect promotions A new study from Australia has found that women feel modern gambling marketing has…
TLDR Sportradar has launched Playradar, a new iGaming brand combining sports data with casino products for global operators Former Playtech Live CEO Edo Haitin has been appointed to lead the iGaming division Playradar will feature a 24/7 Live Experience Centre, hybrid sports-casino content, and a full range of gaming titles New games will roll out through 2026, starting in the UK, North America, and Latin America The brand will operate only in regulated markets with a focus on responsible gaming Sportradar Group AG has launched a new iGaming brand called Playradar. The company says the brand will combine its sports…
TLDR Germany’s 2021 gambling treaty enforces a €1,000 monthly deposit cap, €1 max stake per spin, and a mandatory five-second delay between slot spins The country’s channelization rate has dropped to just 36%, meaning nearly two-thirds of online gambling revenue flows to unregulated offshore sites An estimated 50,000 illegal physical gambling machines now operate in unregulated backrooms and cafes across Germany Licensed operators cannot use the word “casino” and must brand themselves as “online arcades,” hurting their visibility against offshore competitors Germany’s approach contrasts sharply with the UK and Malta, which focus on affordability checks rather than hard mechanical limits…