Author: Maisie Morrison

TLDR A Kyiv court convicted three men for operating an illegal casino hidden on the ninth floor of a business centre The same group ran a fraudulent crypto call centre on the fourth floor of the building, promising investors 5% daily returns Fines totalling over UAH 2.3 million were imposed and more than $20,000 was confiscated by the state The call centre investigation has been handed over to Ukraine’s National Police for further examination Ukraine continues cracking down on underground gambling and financial scams since partially legalising gambling in 2020 A Kyiv city court has convicted three men for running…

TLDR Entain has urged the Independent Football Regulator to block Premier League clubs from accepting sponsorship deals with unlicensed gambling operators Five Premier League clubs including Everton and Fulham currently have shirt deals with operators not licensed in the UK The UK illegal gambling black market generates £4.3bn a year and is expected to reach £17bn soon Research shows 18 of 20 Premier League clubs displayed advertising for unlawful operators on LED boards this season Entain wants clubs forced to verify gambling partners’ licence status in annual declarations with legal consequences for false statements Entain, the company behind Ladbrokes and…

TLDR The Ninth Circuit rejected California tribes’ request to combine their Kalshi/Robinhood appeal with a related Nevada prediction market case Three California tribes sued Kalshi and Robinhood in 2025, alleging illegal sports betting on tribal lands A federal judge had previously ruled in favor of Kalshi, saying federal commodity law governs event contracts Kalshi is trying to pause Washington state’s lawsuit while it appeals a federal judge’s decision to send the case back to state court Kalshi warned that letting state and federal cases run at the same time could create “judicial chaos” West Coast prediction market battles took two…

TLDR South Africa’s National Gambling Board responded to public confusion about its Verified Gambling Operators Web Portal The portal helps consumers check if gambling operators are licensed under South African law “CLOSED” listings don’t necessarily mean illegal activity is happening at those sites The NGB confirmed licensed online bookmakers are included on the portal despite claims otherwise The board urged the public to report suspicious gambling activity to the NGB or provincial authorities South Africa’s National Gambling Board has stepped in to clear up confusion surrounding its Verified Gambling Operators Web Portal. The platform has drawn recent commentary that prompted…

TLDR Every major US sports gambling scandal so far has involved male athletes, but experts say women aren’t inherently less corruptible A 2021 UN report identified gambling-related corruption as a top risk to women’s sports as they become more commercialized Betting on the WNBA surged over 100% during Caitlin Clark’s rookie season, with handle continuing to grow Match-fixers target vulnerable athletes facing financial stress, addiction, or weak safeguards — not a specific gender Experts urge women’s sports leagues to invest in prevention and athlete education before a scandal hits The growth of women’s sports has been one of the biggest…

TLDR Macau collected MOP9.07 billion ($1.12 billion) in gambling taxes in April 2026, up 2.3% from March Year-to-date gaming tax revenue reached MOP34.87 billion, a 16.9% increase over the same period in 2025 Gaming taxes made up nearly 86.5% of Macau’s total current revenue through April The four-month total represents about 37.9% of the government’s projected yearly gaming tax target of MOP92.53 billion Macau’s casino tax rate is set at 40% of gross gaming revenue under the ten-year concession system that began in January 2023 Macau’s government pulled in just over MOP9.07 billion, or about $1.12 billion, in gambling tax…

TLDR FATF identified scams, cyber-enabled fraud, and illegal gambling as the top money laundering threats facing Singapore in its latest evaluation report Singapore’s casino regulatory framework received positive marks, with strict oversight of Marina Bay Sands and Resorts World Sentosa Authorities uncovered a $2.3 billion money laundering case in 2023 involving luxury assets and cryptocurrency Over 11,000 money laundering investigations were conducted in five years, but only 682 led to prosecution Singapore received positive FATF ratings and moved into normal follow-up, an improvement from its 2016 enhanced follow-up status The Financial Action Task Force has released its latest mutual evaluation…

TLDR Five Democratic lawmakers sent a letter to 12 CEOs of sportsbooks and prediction markets over concerns about targeting young adults aged 18-24 Kalshi was called out for a TikTok ad where a user claimed to earn two years’ rent from trading on the platform An Ipsos poll found young men aged 18-24 are twice as likely as others to use sports betting, fantasy, or prediction market apps The lawmakers want answers to 12 questions by May 29 and have requested a briefing on the issue Previous bills like the SAFE Bet Act have not advanced to committee hearings in…

TLDR DraftKings posted Q1 revenue of $1.65 billion, up 17% year-over-year, and beat adjusted EBITDA forecasts with a record $168 million The company launched a market-making arm earlier this year that has already turned a profit, described as one of the fastest divisions to reach profitability Consumer volume on DraftKings Predictions topped $1 billion in April, with annualized volume exceeding $2.3 billion Kalshi raised $1 billion in Series F funding at a $22 billion valuation, surpassing the market caps of both Flutter and DraftKings DraftKings reaffirmed full-year 2026 revenue guidance of $6.5 billion to $6.9 billion and plans to invest…

TLDR The Michigan Senate passed an $88.1 billion budget but removed Governor Whitmer’s proposed gambling tax increases Whitmer wanted a per-bet fee on sportsbooks that would have charged $0.25 to $0.50 per wager, raising an estimated $39 million a year She also proposed raising online casino tax rates from 28% to 36% on revenue above $185 million, projected to bring in $136 million annually Republican House Speaker Matt Hall rejected tax increases outright, and even Democratic Senator Sarah Anthony called the plan potentially “tone-deaf” The Senate voted along party lines to strip the tax provisions, and Whitmer’s office has not…