Author: Maisie Morrison

TLDR The Ninth Circuit Court of Appeals ruled 3-0 that Nevada can treat Kalshi’s sports contracts as gambling. Judges said Kalshi’s contracts are sports betting no matter what label the company uses. Kalshi says it will seek further review and still believes CFTC rules allow its products. The ruling creates a split with the Third Circuit, which sided with prediction markets in a separate case. Polymarket odds of Supreme Court review jumped from 29% to 52% after the decision. A federal appeals court has sided with state regulators in a fight over how prediction markets should be treated under the…

TLDR UK Gambling Commission suspended the licences of BresBet and Bet St George. Both operators are under review for possible failures in social responsibility and anti-money laundering controls. Customers can still access accounts and withdraw funds during the suspension. The action is part of a wider wave of Gambling Commission enforcement this year. Recent penalties include fines against QuinnBet, Holland Park Leisure, Evolution Malta, Betfred and Stakelogic. The UK Gambling Commission has suspended the operating licences of BresBet Ltd and Bet St George Ltd. The regulator cited suspected failures in social responsibility and anti-money laundering controls. Both companies are now…

TLDR British Columbia’s Independent Gambling Control Office (IGCO) ruled that sports and entertainment prediction markets count as gambling. The decision requires these markets to follow the Criminal Code of Canada and provincial gaming laws. IGCO’s move follows guidance from the Canadian Securities Administrators and the Canadian Investment Regulatory Organization a day earlier. Only BCLC’s PlayNow.com is authorized to offer regulated online gambling in British Columbia. Alberta Gaming, Liquor and Cannabis backed the same stance and is reviewing its own oversight rules. British Columbia’s gambling regulator has made a decision about prediction markets. The Independent Gambling Control Office announced last Friday…

TLDR Ukraine approved its first nationwide gambling addiction strategy on August 28, 2026 The plan runs through 2035 and treats gambling harm as a social issue, not just a personal one About 40 government institutions will take part, including health, education, defense, and police agencies Schools will add lessons on gambling risks, and new screening tools will help spot addiction early Treatment programs will target military personnel and veterans, alongside crackdowns on illegal gambling sites Ukraine has approved its first national plan to address gambling addiction. The government adopted the plan on August 28, 2026. The strategy will run until…

TLDR Paradise Entertainment posted a first half 2026 loss of HK$82.6 million, compared to a profit a year earlier. The loss followed the closure of Casino Kam Pek Paradise in December 2025. Supplier segment revenue fell 67.1% year over year. The company is preparing to re-enter the North American gaming market. Paradise is awaiting Macau approval for its new Black Coral gaming platform. Paradise Entertainment reported a loss for the first half of 2026. The Macau based company posted a loss of HK$82.6 million, which converts to about US$10.5 million. That is a sharp turn from a year earlier. In…

TLDR Star Entertainment posted a statutory net loss of AU$307.3 million for FY26, an improvement from AU$428 million a year earlier. Normalized EBITDA loss narrowed to AU$16.1 million from AU$76 million in FY25. Corporate costs fell 38% to AU$178 million after organizational changes. July revenue came in 12% higher than the March 2026 low point. The company flagged ongoing uncertainty tied to a possible AUSTRAC penalty and its Sydney license status. Star Entertainment Group has reported a statutory net loss of AU$307.3 million for the year ended June 30, 2026. That figure is an improvement from the AU$428 million loss…

TLDR Asia Pioneer Entertainment Holdings posted a first-half 2026 profit of about HKD2.3 million, up sharply from HKD24,959 a year earlier. Revenue rose 47.3% year-on-year to nearly HKD33.9 million, driven by electronic gaming equipment sales. Gross profit climbed to HKD15.9 million, though gross margin eased slightly to 46.9%. The company expects stronger results in the second half of 2026 on continued Macau casino orders. Asia Pioneer is pursuing gaming equipment approvals in the UAE, Singapore, and Japan. Asia Pioneer Entertainment Holdings reported a profit of about HKD2.3 million for the first half of 2026. That compares with a profit of…

TLDR A new bill in Mendoza, Argentina wants to teach financial education in secondary schools Lawmaker Germán Gómez proposed the bill to prevent youth over-indebtedness Data shows 39.3% of young borrowers aged 18-21 missed loan payments in April 2026 A survey found 16% of teens aged 13-18 have gambled online at least once The program would cover interest rates, loan terms, scams, and gambling risks Lawmakers in Mendoza, Argentina are pushing a new bill to protect teenagers from financial risks tied to digital wallets and online gambling. The bill was introduced by provincial lawmaker Germán Gómez. It focuses on teaching…

TLDR Donald Trump Jr. reportedly pitched prediction markets to Republican state attorneys general at a March retreat in New Orleans. The White House shared its stance on state regulation with North Carolina lawmakers while they worked on prediction market legislation. North Carolina’s final budget added a 6% tax on prediction markets instead of banning them outright. Kalshi pushed back on the New York Times report, saying its answers were ignored. The CFTC has sued nine states over prediction market rules, and all nine are led by Democratic governors. Donald Trump Jr. and the White House have both stepped into a…

TLDR The Bandung Regency Representative Council in West Java is warning civil servants to stop illegal online gambling. Cases jumped 74%, from 613 in 2024 to 1,066 in 2025. Combined deposits linked to the cases rose 20%, reaching more than $373,000. The council says no employee found guilty will be protected from punishment. Investigators are working to finish verifying the cases before any action is taken. Authorities in West Java, Indonesia are telling civil servants to stay away from illegal online gambling. The warning comes from the Bandung Regency Representative Council. The council says the number of government workers caught…