Author: Maisie Morrison

TLDR Kalshi filed two requests with the CFTC on August 18 for new perpetual futures contracts. One contract, called US500, would track a stock index of 500 large U.S. companies. The other, COPPERPERP, would track copper prices using a Pyth Network price feed. Neither product has been approved yet, and Kalshi says trading will not start until the CFTC signs off. The filings come as CME Group’s lawsuit against the CFTC over crypto perpetual futures remains unresolved. Kalshi filed two product submissions with the Commodity Futures Trading Commission on August 18. The filings ask for permission to launch perpetual futures…

TLDR Corrine Durber won a High Court case against Paddy Power over a wrongly paid jackpot. The court heard that 13 other customers may have been affected by the same software error. Durber’s screen showed a £1.1 million jackpot but she was paid only £20,265.14. A judge ruled she was entitled to the amount shown on her screen, using a “What You See Is What You Get” principle. Anyone affected by the 2020 software issue may need to act before a September 2026 deadline. A High Court case in the UK has raised questions about how a gambling company handled…

TLDR Nevada regulators say Kalshi missed an August 12 court deadline to block certain event contracts in the state. The Nevada Gaming Control Board wants $120,000 in daily fines plus legal fees. Investigators placed trades from inside Nevada a day after the deadline using an older version of the Kalshi app. Kalshi says investigators misrepresented their location and worked around its blocking system. Testing in Michigan found a similar gap tied to the same older app version. Nevada gaming regulators and prediction market platform Kalshi are locked in a legal dispute over whether the company met a court-ordered deadline to…

TLDR Pennsylvania Rep. Tarik Khan introduced HB 2711 to regulate prediction markets in the state The bill would not tax, license, or ban sports event contracts Oversight would move to the state attorney general instead of the gaming control board The bill would block sportsbooks like FanDuel and DraftKings from also running prediction markets The timing is unusual since courts keep siding with federal oversight over state law Pennsylvania lawmakers are looking at a new way to handle prediction markets. Rep. Tarik Khan, a Philadelphia Democrat, introduced House Bill 2711 this year. The bill would add consumer protection rules for…

TLDR The Australian government has introduced a bill to create a national register letting people opt out of gambling advertising. Communications Minister Anika Wells said a new levy on sports betting companies will help fund the register. New rules would cap TV gambling ads and ban them during live sport before 8:30 pm. Celebrities, athletes and influencers would be barred from promoting gambling products. VIP commissions paid to high value gamblers could be banned following testimony at a Senate inquiry. The Australian government has announced plans for a national register that will let people block gambling advertising. Communications Minister Anika…

TLDR FanDuel sent a letter to three members of Congress defending its VIP program. The letter follows concerns raised after a Bryce Harper Cameo video was sent to a gambling addict. FanDuel says VIP hosts are salaried and are not paid based on customer wins or losses. Parent company Flutter spent $158 million last year on responsible gambling efforts, according to the letter. Terry Thompson, who wagered $18.5 million with FanDuel, is suing the company over alleged predatory practices. FanDuel has sent a letter to three members of Congress defending its VIP program. The letter was addressed to Senator Richard…

TLDR Paradise Entertainment expects a net loss of HK$82.6 million ($10.6 million) for the first half of 2026. The company reported a profit of HK$177.8 million ($22.8 million) during the same period last year. Revenue from gaming equipment sales and leasing dropped 74.2% year over year. Paradise Entertainment’s casino management service agreement in Macau ended in December 2025 and was not renewed. The company’s new gaming platform, Black Coral, is set to launch in the second half of 2026 or early 2027. Paradise Entertainment, a Hong Kong based gaming equipment provider, expects to report a loss for the first half…

TLDR Citigroup lowered its Macau August GGR forecast to MOP23 billion, or $2.86 billion The new forecast implies 4% growth over August 2025, down from an earlier 6% estimate The daily GGR run rate eased slightly during the week of Aug 10 to 16 VIP gaming volume rose, but a lower hold rate softened overall revenue Concerts scheduled later in August could help support gaming activity Citigroup has lowered its forecast for Macau’s gross gaming revenue in August. The bank now expects MOP23 billion, or $2.86 billion, for the month. That figure is slightly higher than an earlier company estimate…

TLDR Brazilian President Lula said online betting platforms could be shut down if they fail to show a social benefit Lula made the comments in an interview on the As Cunhãs Podcast He said pushback would come from a “betting caucus” in Congress A new study found illegal operators control 38%-44% of Brazil’s betting market Lula gave no timeline or specific plan for any restrictions Brazilian President Luiz Inácio Lula da Silva says online betting platforms in the country could be shut down. He said this would happen if the industry cannot show a wider social benefit. Lula made the…

TLDR Sporting Risk announced two new products on August 18, FlexBuilder and Same Game Pick ‘Em. FlexBuilder lets players win a payout even if not every leg of their bet hits. Same Game Pick ‘Em removes odds and pricing, offering a simple Yes or No format. FlexBuilder targets experienced bettors, while Same Game Pick ‘Em is aimed at newer and recreational players. Both products are now live within Sporting Risk’s existing Bet Builder Suite. Sporting Risk has added two new products to its Bet Builder Suite. The sports analytics company announced FlexBuilder and Same Game Pick ‘Em on August 18.…