Author: Maisie Morrison

TLDR Brazil’s licensed betting platforms went offline at 6 p.m. on October 6 under Provisional Measure No. 1,394/2026. About R$1.33 billion remained in accounts linked to 26.5 million bettors. Banks will return the money from October 9 to 14, and bettors do not need to file a new request. The government is investigating 48 accounts that each hold more than R$500,000. Industry groups are challenging the ban in Brazil’s Supreme Federal Court. Brazil’s licensed fixed-odds betting platforms went offline at 6 p.m. on October 6. The shutdown followed the end of a voluntary withdrawal period set by Provisional Measure No.…

TLDR West Virginia resident Daniel Vest filed a proposed federal class action lawsuit against DraftKings on Sept. 30 in Massachusetts. The lawsuit claims DraftKings used AI and customer data to find gamblers most likely to bet more after receiving promotions. A New York Times report said the company’s model gave customers an “elasticity” score to decide who received incentives. DraftKings denies using AI to target customers based on losses or signs of problem gambling. The Massachusetts Gaming Commission is separately reviewing AI use by DraftKings and other licensed sportsbooks. DraftKings is facing a proposed federal class action lawsuit that accuses…

TLDR Indonesia’s commercial bank loans grew 13.65% in August 2026, reaching Rp9,178 trillion, or about $577.23 billion. Long-term investment loans grew the fastest, rising 25.11% from a year earlier. The OJK ordered banks to freeze about 38,796 accounts suspected of links to illegal online gambling. Net interest margin fell to 4.31% from 4.58% due to higher funding costs. Asset quality held steady, with a gross non-performing loan ratio of 2.11%. Indonesia’s commercial banks grew their loans by 13.65% in August 2026, according to the country’s Financial Services Authority, known as OJK. Total outstanding loans reached Rp9,178 trillion, or about $577.23…

TLDR EDGE Markets is adding AI agents to its EDGE Pro platform to act as automated margin guardrails. The tool targets market makers and institutions trading in 24/7 prediction markets. Firms can set strict rules, such as capping an agent at $100,000 in daily capital allocation. EDGE Connect lets traders pre-authorize clearing houses to pull extra margin automatically. Partners River Markets, Open Markets, ParlayX and Pikkit will offer the AI agents on their platforms. Fintech firm EDGE Markets is adding AI agents to its EDGE Pro platform. The agents are designed to act as automated margin guardrails for institutions trading…

TLDR Kalshi’s 15-minute markets brought in $20.4 million in fees over the seven days to Oct. 5, about 80% of its non-sports fees. Daily fees from 15-minute crypto markets rose from under $10,000 in January to $2.9 million last Friday. Kalshi has made $2.04 billion in total fees in 2026, with non-sports events making up 19.2%, up from 11% in 2025. Critics compare the markets to slot machines, while Kalshi says they show real price discovery. The 2026 midterm elections could shift Kalshi’s non-sports revenue away from crypto. Kalshi’s fee revenue from non-sports contracts is growing faster than its sports…

TLDR Thai anti-crime campaigner Atchariya Ruangrattanapong was denied bail by Bangkok Criminal Court on October 5. Police accuse him of links to an illegal online Muay Thai betting network that allegedly handled about $29.6 million. He faces charges of public fraud, money laundering, illegal electronic betting, and Computer Crime Act violations. Police allege some donations meant for crime victims were diverted to gambling-related purposes. Atchariya denies all charges and claims police fabricated evidence against him. Atchariya Ruangrattanapong, one of Thailand’s best-known anti-crime campaigners, has been jailed pending trial. Police accuse him of links to an illegal online boxing betting operation…

TLDR The Parti Québécois won Quebec’s Oct. 5 election with 59 seats, five short of a majority, after campaigning on a private iGaming market. The Liberals, now the Official Opposition with 40 seats, also backed a private online gambling model. Loto-Québec currently runs the only legal online gambling platform in the province. A study estimates 73% of Quebec online play happens in unregulated channels, costing about CAD $2.3 billion in gross gaming revenue. Industry leaders say Quebec must first create an independent regulator, and the process will not be fast. Quebec has taken a step toward opening its online gambling…

TLDR A Bangkok court ordered activist Atchariya Ruangrattanapong held for 12 days and denied him bail. Police link him to an online Muay Thai betting ring that handled over THB1 billion ($30 million). Investigators found 212 transactions worth more than THB40 million ($1.2 million) tied to him or related accounts. He faces charges of public fraud, money laundering, illegal electronic betting and computer crime violations. Atchariya denies the charges and says police fabricated evidence to target him. A Thai court has ordered activist Atchariya Ruangrattanapong to remain in custody. Police are investigating his alleged links to an illegal online boxing…

TLDR Finnish iGaming platform provider Finnplay has partnered with new operator Happy Brands Finland. Happy Brands Finland has submitted its application for a Finnish gambling licence. The operator plans to launch betting and casino sites on Finnplay’s Titan platform in July 2027. Happy Brands Finland has also signed a marketing deal with a major Finnish real estate partner. Both companies say their Finnish roots will help deliver a local gaming experience. Finnish iGaming platform provider Finnplay has signed a partnership with Happy Brands Finland. The new operator is preparing to enter Finland’s regulated online gambling market. The deal was announced…

TLDR Kalshi’s 15-minute gold markets recorded 542 million contracts in September, ahead of Ether’s 318 million. Gold generated an estimated $5 million in fees, almost double Ether’s $2.6 million. Bitcoin stayed in first place with an estimated $60.4 million in September fees. Fifteen-minute markets produced $20.4 million in fees in the seven days through Oct. 5. Kalshi has filed for perpetual contracts tied to gold, silver and platinum, with no launch date set. Kalshi’s 15-minute gold markets traded more contracts than comparable Ether markets in September, just weeks after the gold product launched. Gold markets recorded 542 million contracts during…