TLDR The Philippine Cybercrime Investigation and Coordinating Center (CICC) and Presidential Anti-Organized Crime Commission (PAOCC) announced a new partnership on Monday to target illegal online gambling operations. The CICC will prepare detailed case files, handle cyber forensics, and work to block access to illegal gambling websites run by organized crime groups. The crackdown follows the government’s ban on Philippine Offshore Gaming Operators (POGOs), as illegal gambling has shifted from physical locations to online platforms. Multiple agencies are involved including the Philippine National Police Anti-Cybercrime Group, PAGCOR, and civil society group Digital Pinoys. A month-long monitoring project earlier in March identified…
Author: Maisie Morrison
TLDR Colombia introduced a 16% tax on online bets through Decree 0240 to fund recovery from flooding across eight provinces The tax applies to total bet volume minus prizes and targets both local and international digital betting platforms The government expects to raise 8.6 trillion Colombian pesos ($2.3 billion) for the 2026 national budget The betting industry previously saw a 30% revenue drop after a 19% VAT was imposed on deposits in February 2025 The emergency budget also includes a 19% tax on undeclared assets starting April 2026 and relief for taxpayers with outstanding debts The Colombian government has rolled…
TLDR FIFA has named YouTube an official Preferred Platform for the 2026 World Cup Fans will get access to full archive matches, highlights, and new tournament content on YouTube Broadcasters can publish extended highlights and stream opening minutes of matches on the platform YouTube creators will get direct access to footage and behind-the-scenes coverage The 2026 World Cup will be hosted across the United States, Canada, and Mexico FIFA has announced a partnership with YouTube ahead of the 2026 World Cup. The deal makes YouTube an official Preferred Platform for the tournament. The agreement was confirmed on March 18, 2026.…
TLDR Wisconsin’s Assembly Bill 601 passed the state Senate 21-12 and now awaits Governor Tony Evers’ signature The bill allows online and mobile sports betting statewide but only through tribal operators with servers on tribal land At least 60% of revenues will stay with tribal operators, with the state receiving a share decided later through compact updates Major sportsbook companies like DraftKings and FanDuel oppose the tribal-only model, and a Marquette poll shows 64% of voters against legalization Governor Evers has five days remaining to sign or veto the bill and has previously signaled support if it had bipartisan and…
TLDR Senator Chris Murphy and Rep. Greg Casar introduced the BETS OFF Act to ban prediction market bets on government decisions, military actions, and terrorism Around 150 Polymarket accounts placed unusual bets before US strikes on Iran, with one person making nearly $500,000 The bill would impose criminal penalties on operators and block payment processing for banned platforms Lawmakers highlighted Trump family financial ties to Polymarket and Kalshi, including a Trump-branded prediction market Polling shows 59% of voters oppose wagering on government actions, with 82% concerned about terrorism-related markets US lawmakers have introduced a new bill that would make it…
TLDR Polymarket collected over $11.2 million in trading fees in just 70 days after ending its zero-fee model on January 6 Weekly revenue has grown from $560,000 to $1.84 million over the last 10 weeks The platform uses a dynamic fee structure that charges more on 50/50 bets and less on lopsided odds Binance estimates Polymarket could generate up to $360 million in annual revenue at its current pace Polymarket has expanded fees to all crypto markets and is now testing fees on sports betting events Polymarket has crossed a major financial milestone. The prediction market platform has collected more…
TLDR Eden Hazard signed as a global ambassador for online gambling platform Stake He promoted the deal to his 27 million Instagram followers via a promotional video The Belgian Gaming Commission is now examining whether the content targets Belgian audiences Stake does not hold a Belgian licence and is on the country’s blacklist of gambling websites Hazard could be ordered to end the partnership if regulators find the campaign violates Belgian advertising laws Eden Hazard, the former Chelsea and Real Madrid forward, is facing regulatory attention in Belgium after announcing a new ambassador deal with online gambling platform Stake. The…
TLDR Colombia introduced a 16% consumption tax on all deposits made to online gambling platforms through Decrees 0240 and 0241 The tax applies every time a player deposits funds into a betting account, not on winnings Deposits made via cash, bank transfers, and crypto assets are all subject to the tax The tax covers both domestic deposits and those made from abroad into Colombian betting accounts Online gambling operators are responsible for collecting the tax and paying it to the government Colombia has rolled out a new tax targeting online gambling deposits. The government published Decrees 0240 and 0241, which…
TLDR Prediction markets work like exchanges where users trade contracts with each other, while sportsbooks take the other side of your bet Sportsbook odds include a built-in house edge called the vig, while prediction market platforms earn revenue through trading fees Prediction markets let users sell positions early for profit, unlike traditional sports bets which are locked in until the event ends Prices in prediction markets shift based on trader activity, while sportsbook odds are controlled and adjusted by the operator Regulation remains unclear for prediction markets, which sit between gambling and financial products depending on the jurisdiction Prediction markets…
TLDR The BGC estimates £60 million was wagered illegally during the four-day Cheltenham Festival, roughly £2 million per race Cheltenham attracted close to £1 billion in total betting stakes, part of Britain’s £11 billion annual horse racing turnover Around 6% of all betting in Britain now flows through illegal operators outside the regulated market Remote gaming duty rises from 21% to 40% in April, with sports betting duty climbing from 15% to 25% in 2027 The Jockey Club has warned affordability checks could drain £250 million from horse racing over five years The Betting and Gaming Council has said that…