Europe’s slow and steady approach to AI could be its edge

Grid congestion and tough sustainability regulations are barriers to a rapid AI built-out, but these challenges benefit Europe in the long-run.

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CNBC Daily Open: Thanksgiving cheer comes a day early for U.S. markets

Thanksgiving in the U.S. takes place on Thursday stateside, but the feasting might have begun a day early for investors.

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The future will be explained to you in Palo Alto

On Wednesday evening at PlayGround Global in Palo Alto, some very smart people who are building things you don’t understand yet will explain what’s coming. This is the final StrictlyVC event of 2025, and truly, the lineup is ridiculous. The series has bounced around the globe under the auspices of TechCrunch. Steve Case rented a […]

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Spain’s gambling regulator hands out $38M in fines to Betfair and 888 

Spain’s Directorate General for Gambling Regulation (DGOJ) has released a swathe of new fines for operators, totalling €33,503,000 ($38 million) to 32 well known gambling brands such as 888 and Betfair.
The news comes from the desk of the betting watchdog and takes the grand total of fines given to gambling operators across 2025 to 58 sanctions and a reported €111 million ($128m).
Directorate General for Gambling Regulation stern with operators
The DGOJ is headed by politician and lobbyist Pablo Bustinduy, who also has a role as Minister of Social Rights, Consumer Affairs and Agenda 2030.
He has a pedigree in social policy, having led research posts at City College of New York, New York University, and the University of Milan. He has also been a visiting professor at Columbia University and a Research Fellow at the Center for American Political Studies at Harvard University.

La política social debe fundar horizontes de certidumbre para un mundo en crisis. En mi primera intervención como miembro del Gobierno, he querido señalar algunas claves políticas y estratégicas que guiarán la acción del Ministerio. pic.twitter.com/EF4Frwrc1j
— Pablo Bustinduy (@pbustinduy) November 21, 2023

Bustinduy’s office has cracked down on 26 licensed operators for very serious gambling infractions, and 6 operators in breach of gambling regulations and as a result have had their sites blocked.
Of the Spanish gambling operators sanctioned, some well-known names were in the list. According to the press release, 888 Online was fined €250,000 ($290,000) by the overseer for “failing to comply with the technical requirements of the regulations concerning software and communication systems, and for using unapproved or unauthorized technical systems.”
Betfair received a fine of €100,000 ($116,000) for failing to comply with responsible gambling rules as an individual was allowed to bet with a €0 balance. The DGOJ classified it as a serious breach of the gambling brand’s responsibility, and the slap on the wrist was reduced to €60,000 after Betfair’s early admission to the oversight.
Of the 6 other Spanish gambling sites that had the most serious infractions, XYZ Entertainment, Moonrail Limited, EOD Code SRL, Samaki, Lone Rock Holdings, and Novaforge all received a €5 million ($5.7 million) fine.
The DGOJ, closed the statement saying, “So far this year, including this latest round of fines, the Ministry headed by Pablo Bustinduy has imposed 58 serious and very serious sanctions, totaling almost €111 million.”
Featured image: DGOJ Official
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DraftKings brings Spanish language to its sportsbook and casino offerings

DraftKings has launched a Spanish version of its sportsbook and casino offerings as it looks to expand its business ahead of next year’s World Cup in the US, Canada, and Mexico. In the US, an estimated 14% of the population speaks Spanish, especially with the country’s ties to Mexico and South America.
By translating the app’s gambling offerings into Spanish, DraftKings hopes to gain a foothold within a new audience. It’ll first roll out to the US and Ontario, Canada, but will eventually be patched into the worldwide versions of the app in the coming weeks.

.@DraftKings Launches Spanish-Language Experience for its Online Sportsbook and Casino
This new functionality marks a significant step in DraftKings’ ongoing effort to deliver a product uniquely tailored to each of its customers’ individual preferences.
This Spanish-language…
— DraftKings News (@DraftKingsNews) November 25, 2025

DraftKings states that if the device is set to Spanish, the app should begin to shift itself over once the update hits. According to the company’s plans, this will bring Spanish to the following areas of the app:

Account onboarding
Navigation
Betting content
Gameplay
Promotions
Dedicated customer support
Responsible Gaming Center tools and resources

Speaking in the press release, Corey Gottlieb, Chief Product Officer at DraftKings, said: “Today, Spanish-speaking players represent a growing segment of DraftKings’ customer base.
“By bringing Spanish-language functionality to our best-in-class product, we’re creating a more intuitive experience for our customers and expanding our total addressable market.
“This is consistent with our commitment to delivering the most authentic, personalized product for everyone.”
DraftKings eyes even more
The company has been making multiple moves to grow itself over the last year. Most recently, it has begun to register and set itself up for the prediction markets, which have boomed in popularity.
By offering bets in this space, it would potentially allow DraftKings to offer contracts in states that don’t allow for sports gambling. Because prediction markets are regulated at the federal level rather than by individual states, they may operate in jurisdictions where state-level sports betting restrictions still apply.
This month, DraftKings also resigned from the American Gaming Association, which is seen as a sign that the company is preparing for its next steps.
Featured image: DraftKings
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Polymarket wins CFTC approval, paving regulated path for US market return

Polymarket is on the way back to the US, but this time regulated under the Commodity Futures Trading Commission (CFTC). In 2022, despite being based in New York, it moved to block US customers after pressure came from regulators under the Joe Biden administration.
Now, Polymarket has received an Amended Order of Designation from the CFTC. The approval means people in the US can now trade Polymarket contracts through regular Futures Commission Merchants (FCMs) and traditional brokerages, just like they would on other federally regulated exchanges. In other words, it opens the door for Polymarket to potentially partner with companies like PrizePicks.

Today Polymarket US was approved by the @CFTC for intermediated trading – aka letting people trade Polymarket through their brokerages. A key milestone for permeating the US financial system.
Much props to our legal and US ops team. This process has historically taken years…… https://t.co/F7vTXngo9Y
— Shayne Coplan (@shayne_coplan) November 25, 2025

Polymarket could now see similar growth in its business that Kalshi and Robinhood have in their prediction markets. However, unlike Kalshi, Polymarket operates using a crypto base, rather than fiat currency.
Speaking in the press release, Polymarket’s CEO and founder, Shayne Coplan, said:
“People rely on Polymarket because we provide clarity where there is confusion and accountability where there is ambiguity.
“This approval allows us to operate in a way that reflects the maturity and transparency that the U.S. regulatory framework demands.
“We’re grateful for the constructive engagement with the CFTC and look forward to continuing to demonstrate leadership as a regulated U.S. exchange.”
Polymarket makes changes to business ahead of US reopening
To fulfill needs in the US, the company has invested in “surveillance systems, market supervision policies, clearing procedures, and part-16 regulatory reporting capabilities.”
Prediction markets have become a hotbed for gambling in all fifty states in the US. As there are no regulatory bodies outside of the federal government, it allows Polymarket and others to offer all types of gambling under the guise of “contracts.” This includes sports gambling.
In March, DraftKings registered for a prediction market app, but it has yet to release it. In October, it acquired Railbird to provide it with the necessary tools to obtain approval from the CFTC.
It’s expected to launch in the US again in November, but with four days left, it could be December.
Featured image: Polymarket / Canva
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Social media users report Netflix outage during ‘Stranger Things’ premiere

Social media users said they were experiencing issues with Netflix on Wednesday, the night of the “Stranger Things” fifth season premiere.

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CNBC Daily Open: An early Thanksgiving celebration in U.S. markets

Thanksgiving in the U.S. takes place on Thursday stateside, but the feasting might have begun a day early for investors.

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Nordic founders are taking bigger swings, and it’s paying off

Ten years ago, raising €1 million in Copenhagen was enough to make waves in the region’s tech scene. Today, the Nordics are turning out billion-dollar companies like Lovable — which hit $200M in revenue just 12 months after launching.  Dennis Green-Lieber, founder of AI-powered customer intelligence platform Propane, has had a front-row seat to that shift over the […]

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Jeff Bezos’ New AI Venture Quietly Acquired an Agentic Computing Startup

Project Prometheus has raised over $6 billion in funding and hired over 100 employees, a handful of whom joined through its acquisition of General Agents, according to records and sources.

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