Author: Maisie Morrison

TLDR SportyBet Nigeria blocked customer accounts in 2024 and accused users of manipulating its system to secure large payouts Affected customers claimed SportyBet owed them over N900 million in winnings and denied any wrongdoing SportyBet took customers to court seeking N50 million in damages and an order to stop them from posting about the dispute online The court dismissed the case entirely, ruling SportyBet failed to prove its claims The original N900 million winnings dispute between SportyBet and its customers remains unsettled SportyBet Nigeria has lost its court case against a group of customers whose accounts were blocked in 2024.…

TLDR Hacksaw Gaming posted Q1 2026 revenue of €57.6 million, up 28% year-over-year, with profit hitting €45.5 million The company released 27 new game titles and signed 79 commercial deals in the quarter Hacksaw secured an Online Gaming Service Provider license in Connecticut as part of its US expansion Nine partner studios are now active on its OpenRGS platform, with the total game portfolio reaching 320 titles Hacksaw Ventures continues investing in early-stage companies like Kitsune Studios and Jinx Gaming Hacksaw Gaming kicked off 2026 with a strong first quarter, reporting revenue of €57.6 million. That figure represents a 28%…

TLDR Brazil collected R$3.397 billion in sports betting tax in Q1 2026, a 123.7% increase from Q1 2025. The growth is largely driven by the regulatory framework that took effect on January 1, 2025, including a 12% tax on Gross Gaming Revenue. Monthly figures show a declining trend: January brought in R$1.49 billion, February R$1.04 billion, and March R$859 million. New fiscal policies approved in late 2025 raised tax rates on betting operators and cut tax benefits by 10%. Complementary Law 224/2025 will gradually increase the betting tax rate from 12% to 15% by 2028. Brazil’s sports betting industry generated…

TLDR BetHog closed a $10 million Series A round, bringing its total funding to $16 million, to build out AI-powered live casino dealers. The company launched Sentient Studios, a B2B platform that lets casino operators add AI dealers with no upfront costs through a revenue-share model. BetHog’s AI blackjack dealer, Sunny, launched in October 2025 and is now available in 12 languages, with baccarat and roulette coming later this year. The company says its AI dealer is 10x more popular than traditional live dealers, with better player retention and satisfaction. AI dealers still face regulatory hurdles and player trust concerns,…

TLDR The Philippine Civil Service Commission has banned all government workers from any form of gambling, whether physical or online, at any time or place The policy covers casinos, online gambling, e-sabong, e-bingo, and even mere presence in gambling venues Penalties range from reprimand for a first offense to suspension and then termination for repeat violations Anonymous reporting of violations is allowed through existing CSC complaint channels The resolution applies to all government employees including local government units, state universities, and government-owned corporations The Philippine Civil Service Commission has issued a sweeping new policy that bans all government employees from…

TLDR All five of Argentina’s biggest football clubs now have betting brands as front-of-shirt sponsors 9 out of 30 teams in Liga Profesional (30%) have betting operators as their main sponsor Betsson’s deal with Boca Juniors is worth roughly $7.5 million per year and runs until 2028 Betting was legalized in Argentina in 2021, and the industry has grown quickly since then Companies like Betsson say they are focused on promoting responsible gambling and fighting illegal platforms Argentina’s online betting industry has moved fast since its legalization in 2021. In just a few years, betting companies have become some of…

TLDR Kalshi fined three political candidates for betting on their own elections, calling it a crackdown on political insider trading Virginia Senate candidate Mark Moran says he placed bets on himself on purpose because he “wanted to get caught” to expose prediction market issues Moran refused to settle and was hit with a $6,229 fine, a five-year ban, and disgorgement of profits Minnesota candidate Matt Klein bet on himself on Kalshi despite co-sponsoring legislation to ban election betting Kalshi published all three enforcement actions at once to show regulators it can police its own platform Kalshi, the prediction market platform,…

TLDR Governor Kathy Hochul signed Executive Order No. 60 banning New York state employees from profiting on prediction markets using insider information Violations can result in dismissal, sanctions, or referral to law enforcement The order targets platforms where users bet on political, military, and social events Reports have linked over $1 billion in suspicious trades to government actions and military strikes New York has also sued Coinbase and Gemini this week for alleged illegal online gambling New York Governor Kathy Hochul has signed an executive order that bars state employees from using insider information to make money on prediction markets.…

TLDR New York and Illinois governors signed executive orders banning state employees from using non-public information to trade on prediction markets California had already expanded ethics rules in late March to cover prediction market trading by government workers Tennessee is moving to make prediction market participation a felony, while Kentucky banned state-licensed gaming operators from the sector Multiple federal bills have been introduced targeting insider trading on prediction markets, including the PREDICT Act and STOP Corrupt Bets Act The CFTC faces growing pressure from Congress over its handling of geopolitical event contracts and possible insider trading The governors of New…

TLDR PENN Entertainment posted Q1 2026 revenue of $1.779 billion, beating the $1.745 billion consensus forecast, with adjusted EPS of $0.11 versus the $0.06 expected. The interactive segment generated $358.3 million in revenue, powered by roughly 15% year-over-year iCasino growth and record results in March. PENN is preparing to launch theScore Bet in Alberta, Canada, when the province opens its regulated online gambling market on July 13, 2026. The company’s Hollywood Casino Joliet in Illinois hit record slot and table volumes in Q1 after opening in August 2025. PENN has reduced net debt to $2.2 billion and holds total liquidity…