Author: Maisie Morrison

TLDR Trump declared the CFTC must keep sole authority over prediction markets and block state-level interference Minnesota became the first state to pass a law blocking prediction market operators, signed by Tim Walz New York AG Letitia James accused crypto firms tied to prediction markets of running unlicensed gambling operations Trump and his family have financial ties to crypto ventures and prediction market platforms like Kalshi and Polymarket The core legal fight is whether prediction markets are federally regulated financial exchanges or state-regulated gambling The White House is stepping directly into a growing fight between federal and state governments over…

TLDR The UK Gambling Commission has pushed back its deposit limit overhaul deadline from June 30 to September 30, 2026, giving operators an extra three months to comply. New rules require gambling companies to implement standardized gross deposit limits across fixed time windows, removing net winnings from calculations. Operators must use the term “deposit limits” exclusively and give these tools equal prominence alongside other financial controls. The delay comes as the broader debate over Financial Risk Assessments remains unresolved, with deep resistance from the industry. The changes trace back to the review of the 2005 Gambling Act and a government…

TLDR Illegal gambling operators now control an estimated 53% of Costa Rica’s lottery and betting market Unlicensed platforms drain roughly $300 million per year from the country’s economy Lawmakers have introduced Bill 25.600 to modernize the Junta de Protección Social and create real-time monitoring of gambling activity The reform would link gambling oversight with financial crime agencies including the Financial Intelligence Unit Costa Rica still has no dedicated online gambling licensing system or central gambling regulator Costa Rica’s government is facing renewed pressure to overhaul its gambling laws after estimates showed that more than half of the country’s betting market…

TLDR Austria’s Finance Ministry has drafted a law to end its online casino monopoly and allow multiple operators to apply for licenses Operators must settle outstanding court rulings and pay backdated taxes to qualify, which could lock out smaller companies Weekly deposit limits would cap young players under 26 at €250 and older players at €1,680 Maximum stakes would drop to €2 per spin, jackpots would be banned, and max winnings cut to €2,000 A new independent gambling authority may not be established until 2030, and the timeline for issuing licenses remains uncertain A leaked draft law from Austria’s Finance…

TLDR DraftKings-owned Railbird Exchange has self-certified six sports event contract types with the CFTC for its new DKeX platform The contracts cover game wins, spreads, player stats, outperformance, achievements, and game properties These contracts closely mirror traditional sportsbook markets like moneylines, spreads, and player props DKeX will give DraftKings direct control over its own exchange infrastructure instead of relying on third-party exchanges CEO Jason Robins called prediction markets a strategic priority during the company’s Q1 earnings call DraftKings Files Six Contract Types Through Railbird Exchange DraftKings has taken a major step toward building its own prediction market exchange. The company’s…

TLDR New York Senate Bill 10470 would ban mobile sports betting on all college campuses in the state Sportsbooks would be required to install geofencing technology to block bets placed from campus grounds Colleges would need to provide geographic data and updated maps to support the geofencing systems Operators would have until August 1, 2027 to comply if the bill passes The proposal is part of a broader wave of gambling reforms New York has pursued throughout 2026 A new bill in New York would ban mobile sports betting on every college campus in the state. Senate Bill 10470, filed…

TLDR The NCAA ruled Texas Tech quarterback Brendan Sorsby permanently ineligible over gambling violations from bets placed on Indiana football games in 2022 Sorsby completed a residential treatment program for gambling addiction and anxiety disorder and posted a public statement taking responsibility Texas Tech President Lawrence Schovanec confirmed the university will appeal the ruling and publicly backed Sorsby’s recovery Sorsby filed a lawsuit against the NCAA seeking a temporary injunction to play in the 2026 season The NCAA maintained that betting on one’s own team is among the most serious violations and must be enforced to protect game integrity The…

TLDR France’s ANJ and CNIL released an updated GDPR guide for gambling operators covering casinos, online betting, and exclusive rights holders like FDJ and PMU. The guide clarifies that all data processing, even paper records, falls under GDPR and that sensitive data like health info needs extra safeguards. Operators cannot reuse data collected for responsible gambling purposes for marketing or other unrelated activities. Practical compliance steps include appointing a Data Protection Officer, mapping data flows, and publishing transparent privacy policies. A major section addresses how GDPR intersects with anti-money laundering and counter-terrorism financing obligations, requiring mandatory impact assessments. France’s gambling…

TLDR South Korea’s Korea Sports Promotion Foundation held a gambling education session at Gwangmyeong High School for all 880 students Trained counselors taught students about illegal gambling types, real-world examples, and addiction risks Students were assessed using the Campaign for Adolescent Gambling Intervention scale The session was part of a wider Youth Month campaign in Gwangmyeong that drew around 4,000 participants Multiple agencies including law enforcement and public institutions cooperated on the initiative South Korea’s Korea Sports Promotion Foundation recently held a gambling awareness session at Gwangmyeong High School. The program was carried out in partnership with the local police…

TLDR PAGCOR launched a 24/7 National Problem Gambling Helpline at (02) 8248-9568 for gamblers and their families The helpline is run in partnership with Seagulls Flock Organization Inc., an NGO specializing in addiction support 12 para-counselors currently staff the line across three daily shifts, with plans to expand Online gambling generates over P100 billion annually for the Philippine government and employs around 32,000 people directly The Catholic Bishops Conference of the Philippines has called online gambling a “moral and social crisis” and pushed for a ban The Philippine Amusement and Gaming Corporation has launched a round-the-clock helpline to address growing…