Author: Maisie Morrison

TLDR Kalshi faces court hearings in Massachusetts and Maryland this week that could shape the future of prediction markets Flutter Entertainment reports Q1 earnings on May 6, with DraftKings, Wynn Resorts, and Coinbase following on May 7 The CFTC continues backing Kalshi with lawsuits and filings against multiple states over prediction market jurisdiction The U.S. Senate passed a ban on members using prediction markets and is pushing the House to follow Gambling bills covering online casinos, sweepstakes bans, and sports betting are advancing in several states Prediction market company Kalshi is heading into two major court hearings this week. The…

TLDR Caesars Entertainment has stopped accepting credit card deposits across all its U.S. online gambling platforms including Caesars Sportsbook, Caesars Palace Online Casino, Horseshoe Online Casino, and WSOP Online. The move follows similar decisions by DraftKings, FanDuel, BetMGM, and bet365, which all dropped credit cards within the past year. Customers can still use debit cards, ACH/eCheck, PayPal, Venmo, Apple Pay, prepaid Play+ cards, and cash deposits at retail locations. Analysts say the revenue impact is minimal, noting DraftKings saw no material change in handle after removing credit cards. Several U.S. states already ban credit card deposits for online betting, and…

TLDR The group behind MyStake, DonBet, GoldenBet and Rolletto dissolved its Curaçao-registered holding companies Santeda International B.V. and GTW B.V. British bettors reportedly wagered more than £3bn with the Georgia-based operator in 2025. The upcoming GAMRS report was delayed after a legal letter from defamation law firm Carter-Ruck but is now expected this week. After corporate services provider IGA Group stepped down as director, an unknown individual named Xianbo Wei was listed in its place. The group’s brands have targeted self-excluded gamblers through “not-on-Gamstop” advertising and operate without UK regulatory protections. One of the largest operators in the UK’s black…

TLDR Clear Street has joined Kalshi as the first institutional Futures Commission Merchant on the prediction market exchange Institutional investors can now trade event-based contracts through familiar clearing and settlement systems The partnership includes plans to support swap structures that could eventually be used by ETF issuers Event contracts offer a way to hedge specific outcomes tied to economic data or political events Clear Street’s unified technology platform allows it to add new asset classes without rebuilding infrastructure Prediction markets have long been seen as a playground for retail traders and political junkies. That may be starting to change. Clear…

TLDR Google Ads now allows gambling promotions in Alberta starting May 4, but only for operators licensed by the Alberta Gaming, Liquor and Cannabis Commission. Advertisers can initially run brand awareness campaigns only, with all ads geo-restricted to Alberta. Alberta’s regulated online gambling market is set to launch on July 13, making it the second Canadian province after Ontario to allow private operators. All sportsbooks and casinos must earn RG Check accreditation for responsible gambling before they can operate. Major operators like BetMGM, Caesars, DraftKings, and Rush Street Interactive have confirmed plans to enter the Alberta market this summer. Google…

TLDR Resorts World New York City opened the city’s first live dealer casino floor on April 28, featuring blackjack, craps, baccarat, and roulette The new gaming area includes over 240 table games alongside more than 2,500 existing slot machines The launch followed regulatory approval from the New York State Gaming Commission Resorts World hired around 1,250 new employees, including roughly 950 table game dealers, for the expansion Additional gaming spaces are expected to open in fall 2026 as part of a larger property build-out Resorts World New York City has officially opened the first live dealer casino floor in New…

TLDR EGB Group reaffirmed its commitment to building a safe and legal betting market in Brazil through education and public awareness. Chief Business Officer Hugo Baungartner spoke at the IAB Brazil Public Policy Forum for Digital Advertising in Brasília. The company argues that regulated advertising helps consumers tell legal operators apart from illegal ones. Restricting licensed operators’ ability to advertise may create a vacuum that illegal platforms exploit. The forum brought together industry leaders and policymakers to discuss the future of digital advertising in Brazil’s regulated betting space. Brazil’s regulated betting market is still taking shape, and one of the…

TLDR The Isle of Man’s Gambling Legislation (Amendment) Bill passed its final vote in Tynwald on Wednesday, completing a full overhaul of the island’s gambling laws. New fitness and propriety standards will require operators to pass competency and financial assessments on top of existing character-based checks. A civil penalty regime will allow regulators to levy fines against individuals for breaches involving consent, connivance, or negligence. Two public consultations are open until May 25, 2026, seeking industry feedback on how the new standards and penalties will be implemented. The law is expected to take effect this summer, pending Royal Assent before…

TLDR Brazil marks 80 years since President Dutra banned casinos on April 30, 1946, a decision reportedly influenced by his religious wife and political rivals of Getúlio Vargas The ban shut down roughly 70 casinos overnight, leaving 40,000 workers unemployed with no transition period for businesses or employees Brazil legalized sports betting in 2018 and online casino gambling in late 2023, collecting nearly BRL 10 billion ($2 billion) in taxes in 2025 A pending bill could legalize resort casinos, urban casinos, and bingo halls, potentially creating 700,000 jobs and generating BRL 70 billion for the economy Las Vegas alone welcomed…

TLDR Polymarket is in talks with the CFTC to bring its main exchange back to the US after being banned since 2022 The company’s current US beta only offers sports markets and has a long waitlist CFTC Chairman Michael Selig is effectively the sole decision-maker with four of five seats vacant A US Army soldier was recently charged with using classified intel to earn over $400,000 on Polymarket Rival Kalshi has reached a $22 billion valuation while operating under US regulation Polymarket, the world’s largest prediction market platform, is pushing to bring its main exchange back to the United States.…