Author: Maisie Morrison

TLDR The CFTC has filed lawsuits against Arizona, Connecticut, and Illinois over prediction market regulation, claiming exclusive federal jurisdiction over event contracts. The lawsuits stem from cease-and-desist orders and criminal charges those states brought against prediction market operators like Kalshi. The central legal question is whether prediction market contracts are federally regulated derivatives or state-regulated gambling products. Federal and state courts remain split on the issue, with key rulings expected in Arizona and Nevada. CFTC Chair Michael Selig has signaled a more aggressive federal stance, pledging to defend prediction market operators against state regulators. The Commodity Futures Trading Commission has…

TLDR Belgium’s total gambling GGR fell 4.86% to €1.61 billion in 2024, the first full-year decline since the Covid-19 pandemic in 2020 Land-based gambling took the biggest hit, dropping 7.59%, while online GGR dipped 2.7% Casino GGR was the lone bright spot, rising 7.32% to €638.45 million Regulatory changes including a raised gambling age to 21, bonus bans, and stricter advertising rules drove much of the decline The regulator warned it is unclear whether new rules have pushed players toward unregulated gambling sites Belgium’s regulated gambling market shrank in 2024 for the first time since the start of the Covid-19…

TLDR Sweden’s gambling regulator Spelinspektionen reported unlicensed online gambling companies to authorities on March 31, 2026 A proposed law change would make any gambling site accessible to Swedish residents illegal, replacing the old rule that required proof of targeting Unlicensed operators would need to use geo-blocking, reject Swedish addresses, postal codes, and phone numbers during registration All bank transfers, card payments, and withdrawals involving Swedish financial institutions would be blocked Operators must update contracts to exclude Swedish users and stop all marketing visible to Swedish consumers Sweden’s gambling regulator has taken a major step toward cracking down on unlicensed online…

TLDR Jamie Dimon confirmed JPMorgan Chase is exploring prediction markets but has not made a firm commitment yet The bank will not touch sports betting or political wagers due to regulatory and ethical concerns Any future product would likely focus on economic indicators and measurable business trends Insider trading risks are a major concern that would require strict controls before any launch Regulation around prediction markets remains unclear, sitting between financial trading and gambling JPMorgan Chase is looking into prediction markets, and that alone is turning heads across Wall Street and the crypto world. CEO Jamie Dimon has publicly acknowledged…

TLDR Evoke Plc will permanently close around 200 William Hill betting shops starting in May, roughly 15% of its retail estate The closures follow the UK government’s increase to Remote Gaming Duty announced in the autumn budget Evoke is undergoing a broader strategic review that may include selling parts or all of the business Deutsche Bank cut Evoke’s earnings forecasts sharply, with EPS expected to fall by 40% in FY26 and 52% in FY27 Industry experts suggest Evoke’s best move may be selling its international division to reduce debt Evoke Plc, the company behind the William Hill brand, told staff…

TLDR Intercontinental Exchange has committed up to $2 billion in Polymarket, while Kalshi was recently valued at $22 billion in a funding round led by Coatue Management. JPMorgan Chase CEO Jamie Dimon said his bank is considering offering prediction market services, and Goldman Sachs CEO David Solomon called the sector “super interesting.” Courts and regulators are still debating whether prediction markets are financial instruments or gambling products, with about 90% of Kalshi’s volume tied to sports contracts. At least a dozen states have introduced bills to limit prediction markets, and 40 Democrats signed a letter urging government training on insider…

TLDR Alberta will launch a regulated online gambling market on July 13, becoming the second Canadian province after Ontario to allow private operators. Companies must pay a CAD 50,000 registration fee and CAD 150,000 annual fee to operate in the new market. The government will take a 20% cut of gross gaming revenue from all licensed operators. Alberta modeled its framework on Ontario, which generated CAD 4.04 billion in gross revenue last year. Unlicensed operators serving Alberta residents after the July launch will be permanently banned from the regulated market. Alberta announced on April 1 that it will open a…

TLDR Sarasota County authorities raided Spin 24/7 Social Club on March 30, seizing 66 slot machines and arresting two employees Florida’s Gaming Control Commission has seized over $14.4 million in cash and 6,700 illegal slot machines in 2025, more than doubling last year’s cash total Suspended Osceola County Sheriff Marcos Lopez, charged in a $21.6 million illegal gambling ring, appeared in court on March 31 for a conflict-of-interest hearing All of Lopez’s co-defendants have accepted plea deals while his case heads to a May 18 proceeding Florida lawmakers failed to pass any major gambling enforcement legislation during the 2026 session,…

TLDR CS2 player Dmytro “nifee” Tediashvili received a four-year ban from ESIC for match-fixing and betting corruption Suspicious Molotov/incendiary deaths during ESL Pro League Season 22 triggered the investigation Betting spikes on proposition markets were traced to dormant and high-value accounts The ban was reduced from five years after nifee admitted guilt and cooperated with investigators He is barred from all ESIC-member events as a player, coach, analyst, or staff until October 2029 Professional Counter-Strike 2 player Dmytro “nifee” Tediashvili has been handed a four-year ban by the Esports Integrity Commission. The suspension covers match manipulation and betting-related corruption during…

TLDR Predict Street Ltd is now on Gibraltar’s official register of licensed betting intermediaries, making it the territory’s first licensed prediction market operator. The platform is marketing itself as the “Official Prediction Market Partner of the FIFA World Cup 2026” and is collecting early access sign-ups. Justice Minister Nigel Feetham announced the license in Parliament, saying the application was processed in record time after his trip to Consensus Hong Kong. The move sets Gibraltar apart from European countries like the Netherlands, France, and Portugal, which have banned prediction market platforms like Polymarket. Feetham said the licensing push is partly aimed…