TLDR The Dutch Gaming Authority (KSA) fined 711 B.V. €886,000 for failing to protect players from gambling addiction Violations occurred between February 2022 and June 2024, covering ten player files One player lost nearly €78,000 in a single day with no timely intervention from 711 The company failed to carry out proper personal contact with at-risk players under Dutch law This is 711’s second run-in with the KSA, after a marketing violation involving an influencer in November 2025 Dutch Regulator Fines 711 Casino €886,000 for Failing to Protect Gamblers The Dutch Gaming Authority, known as the KSA, has fined online…
Author: Maisie Morrison
TLDR Massachusetts became the first state to require sportsbooks to notify customers when they are being limited Sharp bettors have largely received notices telling them their winning strategies are unwanted FanDuel and BetMGM cited “pricing inefficiencies” and “unusual markets” as reasons for limiting accounts Some sportsbooks are closing accounts entirely instead of following the notification rule Prediction markets are growing as an alternative, putting pressure on traditional sportsbook operators Massachusetts has become the first state in the US to require sportsbooks to tell customers why their betting accounts are being limited. The rule took effect on June 1, 2026, and…
TLDR Citi forecasts a 10% year-on-year drop in Macau GGR in June and 5% in July due to the FIFA World Cup 2026 The World Cup runs June 11 to July 19, featuring 48 teams and 104 matches — larger than previous editions Past tournaments like UEFA Euro 2024 saw Macau daily GGR fall around 17% below the yearly average Macau gaming stocks are trading at 7.3x EV/EBITDA, well below the long-term average of 11.4x Citi projects GGR will rise 5.7% year-on-year in H2 2026, driven by concerts and events post-tournament The World Cup Is Expected to Pull Gamblers Away…
TLDR Calls to gambling addiction hotlines in the Philippines have surged, with one centre reporting 9 in 10 calls now related to gambling The Recovering Gamblers of the Philippines helpline is now receiving 30 calls a day, up from 20 last year A new National Problem Gambling Helpline received 161 calls since launching on May 26 PAGCOR registered 32 million electronic gaming players as of July 2025, up from 8.2 million at end of 2024 Philippine gaming revenue is expected to fall to 320–350 billion pesos this year, down from 396 billion pesos last year Gambling addiction in the Philippines…
TLDR Acesite has postponed the Waterfront Manila Hotel & Casino reopening indefinitely Redevelopment costs jumped from PHP 1.5 billion to PHP 3.6 billion Rising materials, labour, and fuel costs linked to the Middle East conflict drove the increase Weak tourism demand and the growth of online gaming are adding pressure Construction will not resume until 2028 at the earliest Acesite (Phils) Hotel Corporation has put the redevelopment of Waterfront Manila Hotel & Casino on hold with no set return date. The company cited sharply higher costs and a weakened gaming and tourism market in Manila. Acesite is majority-owned by Waterfront…
TLDR Chile’s tax authority (SII) created a mechanism requiring foreign online betting platforms to register and pay taxes, even though they operate illegally in Chile. The Supreme Court of Chile has ruled these platforms lack legal permission to operate. SII director Jorge Trujillo argues tax collection does not equal endorsement of illegal activity. Senators and lawmakers say the policy effectively legitimizes illegal gambling operations. The Senate’s Economy Committee will hold further meetings and hear from additional authorities. Chile’s Internal Revenue Service (SII) is at the center of a growing legal debate after ordering foreign online betting platforms to register and…
TLDR Chile’s Internal Revenue Service passed Resolution No. 69 on June 2, 2026, requiring foreign gambling platforms to register and pay VAT The rule does not legalize online gambling — it only addresses tax obligations Casino industry leaders and senators criticized the move, calling it contradictory and potentially illegal The Chilean Association of Online Betting Platforms welcomed the resolution Online gambling legalization is still being debated in Chile’s Congress Chile’s tax authority has ordered foreign online gambling platforms to start paying taxes, sparking a heated debate about whether the move contradicts existing law. On June 2, 2026, Chile’s Internal Revenue…
TLDR Wire Industries, parent of WagerWire, received approval in principle for a Gibraltar prediction market license Wire Markets becomes only the second prediction market licensed in Gibraltar, after ADI Predictstreet The platform plans to launch in fall 2026 with sports contracts, then expand to pop culture, weather and economic markets WagerWire is building a “sell-it-now” button that lets bettors instantly exit positions using its prediction market as a hedge Gibraltar’s license is seen as a “passport” for expansion into Latin America, Africa, Asia Pacific and parts of Europe WagerWire co-founders Travis Geiger, Zach Doctor and Guy Dotan started with a…
TLDR Kalshi is now collecting employment data from traders in high-risk markets to screen for insider knowledge A new risk-scoring system flags markets most vulnerable to manipulation A 24/7 whistleblower hotline has been launched to report suspicious trading activity Recent federal cases — including a Google engineer and a special forces member — have put prediction markets under scrutiny Kalshi launched over 150 investigations and blocked 100+ suspected insider trades in Q1 2026 alone Kalshi, the New York-based prediction market platform, is tightening its rules for traders as concerns about insider betting grow across the industry. The company announced it…
TLDR FanDuel laid off several hundred employees last week across software engineering, customer service, and business development This is the company’s third round of layoffs in under seven months The cuts may represent more than 5% of FanDuel’s roughly 5,000-person workforce Employees cited prediction markets, AI adoption, and economic uncertainty as key drivers FanDuel is not alone — Penn Entertainment, DraftKings, and others have also cut jobs in 2026 FanDuel has laid off several hundred employees, marking the third time the company has cut jobs in less than seven months. Sources told Front Office Sports the cuts were described as…