Author: Maisie Morrison

TLDR PAGCOR’s total revenue fell 23.4% to PHP64.4 billion (US$1.01 billion) in the first nine months of 2026. Net income dropped 84.9% to PHP2.17 billion (US$34 million). eGames revenue fell 37.2% after the Central Bank ordered e-wallets to remove direct links to online gaming sites. A Supreme Court ruling now requires PAGCOR to send 5% of gross revenue to the Philippine Sports Commission, nearly double its earlier payments. PAGCOR still remitted PHP45.3 billion (US$709 million) to the government and other required obligations. The Philippine Amusement and Gaming Corporation, known as PAGCOR, reported lower revenue and profit for the first nine…

TLDR Polymarket is reviewing dozens of newly created wallets tied to bets on Israel’s parliamentary election. More than 600 wallets were created on a single day to bet on Netanyahu or Likud before polls closed on Tuesday. Bubblemaps found 101 accounts funded for the first time on election day, before voting ended. Combined profits of more than $100,000 were withdrawn after exit polls came out. No evidence has shown that insider information was used or that the vote was manipulated. Polymarket is investigating suspicious trading tied to Israel’s parliamentary election, according to Bloomberg. The prediction market’s internal team said it…

TLDR Brazil’s ban on fixed-odds betting has not cleared its first step in Congress. No committee president or rapporteur has been named, leaving 94 amendments unreviewed. The government wants the ban approved by December 20. The measure could expire on March 4, 2027, if Congress does not approve it. Brazil’s Supreme Court will hold a hearing on the ban on November 3. Brazil’s ban on fixed-odds betting has not yet cleared its first step in Congress. The government wants the measure approved by December 20, but delays could push it past that date. The ban is known as Provisional Measure…

TLDR An Oct. 28 Kalshi snapshot priced a four-contract Senate hedge at $3.02 before fees. The package pays $3 gross only if Senate control and seat-count outcomes match. Control can resolve early on media calls, while seat contracts use Senate makeup on Feb. 1, 2027. Mismatched outcomes could pay $4 or $2, leaving traders exposed to settlement risk. Separate Talos research found a positive modeled edge on only a few days for a nine-leg trade. Prediction market Kalshi’s Senate contracts can settle on different answers to the same election, according to an analysis of prices captured on Oct. 28. A…

TLDR Bally’s Intralot’s purchase of Evoke may face a delay in Pennsylvania over a licensing conflict. An Evoke subsidiary, 888 Atlantic, still provides services to Caesars under a contract dating back to 2012. The companies proposed giving up 888 Atlantic’s Pennsylvania manufacturer license as a workaround. Pennsylvania’s Office of Enforcement Counsel reportedly recommended against the plan, but the state gaming board has the final say. Evoke said last week the deal remains on track, with closing expected in Q4 2026 or Q1 2027. Bally’s Intralot’s planned purchase of Evoke could face a delay in Pennsylvania. The issue centers on an…

TLDR Prince George’s County Council unanimously approved up to $215 million in bonds for a Sphere venue in National Harbor, Maryland. The planned venue will have 6,000 seats and could draw more than two million visitors a year. Sphere Entertainment will repay the financing through future property, sales, hotel, and amusement taxes. County officials project $63 million in yearly local tax revenue and about 7,100 jobs once the venue opens. The full project is expected to cost $1.4 billion. The Prince George’s County Council in Maryland has approved up to $215 million in public financing for a new Sphere venue…

TLDR Sarah Caldwell of Greensboro won $100,000 on a $30 MAX-A-MILLION scratch-off ticket. She bought the winning ticket at Aly USA on South Regional Road in Greensboro. After taxes, Caldwell took home $72,018 when she claimed her prize on Monday. Twelve of 25 top prizes of $1 million and five of 10 $100,000 prizes remain in the game. Last week, Willie McCluney of Cherryville won $2 million on a $20 Ruby Red 7’s ticket. A Greensboro woman has won $100,000 from a North Carolina Education Lottery scratch-off ticket. It is the first six-figure prize the lottery has announced this week.…

TLDR India’s Supreme Court dismissed 10 review petitions led by Junglee Games India on 15 October. The decision lets Tamil Nadu and Karnataka keep their bans on online games played for stakes. The bans also apply to skill-based games when money is wagered. Justices J.B. Pardiwala and R. Mahadevan ruled without an open-court hearing. A curative petition is the only remaining option, and it is used only in rare cases. India’s Supreme Court has rejected 10 review petitions challenging its ruling on state online gaming bans. The petitions were led by Junglee Games India. The decision means Tamil Nadu and…

TLDR Kenya’s Gambling Regulatory Authority is considering a dedicated licence for prediction market operators in its 2026/27 licensing cycle. The regulator views prediction markets as gambling because users stake money on future outcomes. Kenya’s Gambling Control Act 2025 allows new licence types to be added without a new law. Crypto payments and cross-border platforms are among the issues under review. Liberia recently launched a prediction market licence with an $80,000 fee and $500,000 capital requirement. Kenya’s gambling regulator is considering a new licence category built specifically for prediction market operators. If approved, Kenya could become one of the first African…

TLDR Brazilian senator Flávio Bolsonaro arrived in Miami on October 28, three days after losing Brazil’s presidential election. He left Brazil through Argentina and Ecuador despite a Supreme Court order banning him from traveling abroad. Police are investigating whether he secretly held a stake in online betting site BestBet. Lawyer Willer Tomaz, linked to Bolsonaro, placed about $1.3 billion in wagers on Blaze.com across 2025 and 2026. A US State Department official said the family would be admitted, and allies say he is expected to seek asylum. Brazilian senator Flávio Bolsonaro arrived in Miami on Wednesday, October 28, just three…