AGA Estimates $1 Billion Tax Revenue Loss from Prediction Markets
The American Gaming Association estimates states have missed out on $1 billion in tax revenues due to the rise of prediction markets, according to the trade group's latest report.
Regulation
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Marves Fairley Continues Posting Picks Despite Pleading Guilty
Marves Fairley pleaded guilty to a range of charges after being indicted in two major betting scandals.
Louisiana Bill to Ban Abusive Bettors from Sportsbooks
Louisiana is close to enacting a law that would allow state gaming regulators to bar certain residents from retail sportsbooks and mobile wagering if they are found to have threatened athletes for gambling-related reasons.
KSA Launches Harm Awareness Campaign for FIFA World Cup
The Dutch Gambling Authority (Kansspelautoriteit/KSA) has warned young sports fans of the dangers of excessive sports betting.
Japanese Court Sentences Trio for Laundering $26.5M for Online Casinos
A Japanese court has jailed two business executives and a company employee who used a complex web of bank accounts to launder profits from several illegal online casinos.
Google Employee Faces Civil Action for Making $1M on Polymarket
A Google employee is being sued by the CFTC for allegedly using confidential information to earn over $1 million on Polymarket.
EU Considers Implementing Gambling Levy for Additional Revenue
The European Union is considering implementing a gambling levy to generate additional revenue amidst geopolitical uncertainty.
SEC Mandates Sports Betting Training for Student-Athletes
In the wake of the Texas Tech player, Brendan Sorsby’s controversy, the Southeastern Conference (SEC) has become the first to announce that it will now make it compulsory for student-athletes to take sports betting-related training, which will focus on responsible gambling and problem gambling.
Mexican Congress Urges Segob to Release Public Registry of Betting and
Mexican congressman Rubén Ignacio Moreira Valdez submitted a resolution proposal to the Permanent Commission of the Congress of the Union requesting that the Ministry of the Interior (Segob) publish an open and transparent registry of permits granted to casinos and online sports betting sites in the
Prediction Markets Under Regulatory Scrutiny
The prediction market sector is under rising scrutiny from lawmakers, regulators, and parts of the gaming industry.
Louisiana sports betting harassment bill nears enactment
An anti-harassment bill in Louisiana is close to becoming law, prohibiting certain residents from participating in sports betting.
US Sen. Schatz Proposes Federal Ban on Micro Prop Bets and Crackdown
US Sen. Brian Schatz plans to introduce legislation that would outlaw micro prop bets in games and provide the Federal Trade Commission with authority to go after companies that knowingly facilitate illegal, offshore gambling.