The U.K. government has launched a confidential gambling task force aimed at disrupting the payments and advertising networks behind black-market operators. The U.K. government has set up a dedicated Illegal…
DraftKings is doubling down on the future of betting, with executives viewing fast-paced micro markets as the next major frontier in sports prediction markets. DraftKings President of Operations Paul Liberman…
New tax rises are forcing hard choices across the U.K. gambling industry. For operators such as Betfred, the financial impact is becoming more pronounced, while precedents for offshore structuring are…
Andrew Rhodes leaves the U.K. Gambling Commission after driving some of the most consequential reforms in decades, amid fierce resistance. Andrew Rhodes spent nearly five years as one of the…
Polymarket is seeking to restore U.S. access to its main platform after years in regulatory exile, a decision that could reshape the future of prediction markets in the country. Polymarket…
The NBA betting scandal entered a new phase as Damon Jones pleaded guilty and became the first defendant to admit involvement in an insider betting scheme in federal court. The…
When Kalshi published three enforcement notices targeting political candidates who bet on their own elections, it looked like a clean win for self-regulation. Then one of the candidates explained he…
New York Attorney General Letitia James has launched a legal challenge against Coinbase and Gemini, accusing the crypto giants of running illegal gambling operations through their prediction markets. New York…
Polymarket is in talks at a valuation of roughly $15 billion, just months after sitting at $9 billion. Polymarket is reportedly in talks to raise $400 million at a valuation…
Former Chicago Mayor Rahm Emanuel is pitching a 10% federal levy on all types of online gambling, including prediction markets. Former Chicago Mayor and U.S. Ambassador to Japan, Rahm Emanuel,…