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The financial-services company Robinhood has filed a lawsuit in Massachusetts against the area’s Attorney General and the Massachusetts Gaming Commission.
It was filed on Monday (September 15), with Robinhood asking a judge to award it an injunction against the state bodies to prevent them “from enforcing preempted Massachusetts law against Robinhood for its facilitation of transactions involving sports-related event contracts.”
In the filing, the company points to Kalshi a few times. This comes after the state of Massachusetts filed a lawsuit against the prediction market platform for allegedly offering unlicensed sports gambling.

BREAKING: Robinhood has filed a lawsuit in Mass. federal court against the @MassAGO and @MassGamingComm to block the two state agencies “from enforcing preempted Massachusetts law against Robinhood for its facilitation of transactions involving sports-related event contracts.” pic.twitter.com/l0m1SFekqm
— Daniel Wallach (@WALLACHLEGAL) September 15, 2025

The lawsuit was filed last Friday (September 12) and it claims that Kalshi uses an online exchange to offer sports wagering, under the guise of event contracts. The Attorney General’s Office alleges that “these ‘event contracts’ closely resemble sports wagers offered by licensed operators.”
A press release was published by the State Attorney General Andrea Joy Campbell in which she states: “Sports wagering comes with significant risk of addiction and financial loss and must be strictly regulated to mitigate public health consequences.
“This lawsuit will ensure that if Kalshi wants to be in the sports gaming business in Massachusetts, they must obtain a license and follow our laws. I am grateful for the ongoing partnership with the Gaming Commission.”
Robinhood refers to Kalshi in its Massachusetts lawsuit
Robinhood refers to the new state court lawsuit against Kalshi and states there is a “real and imminent threat that Massachusetts will file a similar complaint and motion against Robinhood” as the company intermediates its customers’ event contract trades, including sports-related event contract trades, on Kalshi’s exchange.
“While Robinhood facilitates the placement and liquidation of event contracts for its customers, the contracts themselves trade on KalshiEx LLC’s (“Kalshi”) Commodity Futures Trading Commission (“CFTC”)-designated exchange,” the filing also states.
After explaining the reasoning for going ahead with the lawsuit, the company summed it up with the following: “Robinhood therefore had no choice but to file this lawsuit to protect its customers and its business. Robinhood respectfully requests that this Court enjoin Defendants from enforcing preempted MA law against Robinhood for its facilitation of sports-related event contracts.”
Featured Image: AI-generated via Ideogram
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The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced on September 12 that the Saskatchewan Indian Gaming Authority (SIGA) is facing a fine of $1,175,000. This comes after SIGA was found to be non-compliant with anti-money laundering policies following an investigation.
FINTRAC found that SIGA had failed to act on suspicious transactions, failed to report those transactions, and failed to develop compliance procedures.

FINTRAC has imposed an administrative monetary penalty of $1,175,000 on the Saskatchewan Indian Gaming Authority (SIGA). For more information, consult: https://t.co/ZHAIUzuGHy pic.twitter.com/z6RCUtYQUv
— FINTRAC_Canada (@FINTRAC_Canada) September 12, 2025

“Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians and the security of Canada’s economy,” said Sarah Paquet, Director and Chief Executive Officer at FINTRAC.
“FINTRAC works with businesses to help them understand and comply with their obligations under the Act. We are also firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed.”
The importance of FINTRAC compliance
SIGA operates seven casinos in the province of Saskatchewan. Casinos, financial entities, money services businesses, real estate brokers and various other business sectors in Canada are required under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to keep certain records, identify clients, maintain a compliance regime, and report certain financial transactions to FINTRAC. In this case, it was found that SIGA had not adhered to these guidelines.
In the 2024/25 financial year, FINTRAC issued 23 Notices of Violation of non-compliance to businesses, the largest number in one year in the organization’s history. Those fines amounted to a total of more than $25 million.
SIGA announced that it intends to appeal the decision from FINTRAC, maintaining that they work with various regulatory bodies and maintain a high standard in its operations.
“SIGA does not agree with the violations found by FINTRAC, nor does it agree with the administrative penalties assessed,” the organization said. “SIGA will be appealing both the finding of violations and the penalties assessed to the Federal Court.”
Featured image: FINTRAC
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Bragg Gaming Group has announced a new financing agreement with the Bank of Montreal, highlighting confidence in long-term growth.
B2B iGaming company Bragg has announced it has entered a new financing agreement with the Bank of Montreal, totalling credit of up to $6 million. The company confirmed it used the new financial backing to repay prior debts and will enact a new strategy to support future growth.
“We are very pleased to establish this new relationship with the Bank of Montreal, a recognized leader in financial services,” said Robbie Bressler, CFO of Bragg Gaming Group, in the press release. “This new credit facility strengthens our balance sheet and provides us with a flexible capital structure to execute our strategic plan. The ability to secure financing from a major North American bank underscores the confidence in our business and our long-term growth prospects. We look forward to a long and successful partnership with BMO.”
The company went on to highlight its focus for growth in the coming months and years, spotlighting AI, partnerships with operators like Fanatics and Hard Rock Digital, and “strong momentum in the proprietary content and technology pipeline”.
“Securing this BMO facility represents a critical milestone in our strategic plan to strengthen Bragg’s financial foundation and accelerate value creation for our shareholders,” said Matevž Mazij, CEO of Bragg Gaming Group. “With our cybersecurity incident contained and our borrowing costs cut by more than half, we are laser-focused on executing our strategic shift toward higher-quality earnings. The Company is prioritizing margin and cash generation over lower-margin revenue, and synergies realized post-quarter end to become a leaner operation.
“We understand the importance of delivering results for our shareholders, and our board and management team are fully aligned and committed to executing the strategic initiatives that will drive value. With improved financial flexibility, a strengthened operational foundation, and clear milestones ahead, we believe we have the right strategy and team in place to unlock Bragg’s full potential. We remain committed to maximizing shareholder value as we build sustainable, profitable growth and ensure our strong operational performance translates into appropriate market valuation.”
Bragg improves cybersecurity after breach
The company also offered an update on its previously announced cybersecurity incident, first detected on August 16, 2025. The incident has now been solved and the company doesn’t think any personal information was affected.
Bragg assured customers that its game titles and their data are secure, taking learnings from the incident forward to improve its cybersecurity defenses.
Featured image: BraggGaming
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A man has been arrested after an investigation in connection with the alleged fixing of horse races in Manchester.
The 42-year-old man was detained in Hawkshaw, Bury at 6am on September 12, 2025. The arrest was made in connection with allegations of fixing horse races, as part of a joint investigation by Greater Manchester Police and the Gambling Commission.
The offences are alleged to have been committed under section 42 of the Gambling Act 2005, which makes mention of it being an offence to “cheat at gambling” or if someone “does anything for the purpose of enabling or assisting another person to cheat at gambling”.
The investigation was launched after the commission and local authorities received reports of suspicious betting activity linked to horse races earlier this year. Details of the investigation beyond the arrest have not been made public. No further information or statement has been offered by the Commission at the time of writing.
If convicted, sentences in the UK for breaching section 42 can lead to imprisonment for up to two years, an unlimited fine, or both in some cases. A summary conviction can result in a maximum of 51 weeks’ imprisonment in England, a fine, or both.
Horse races in the UK
The horse racing industry in the UK is in a state of flux right now, with protests taking place throughout the summer in the face of anticipated tax reforms. It’s estimated that proposed changes could cost the industry as much as $442 million, as estimated by industry professionals.
This also comes as turnover is generally down across the horse racing sector, highlighting that there are many threats to the healthy growth of this major area in British betting. One worry outlined in that report is that punters are moving towards unlicensed operators, underlining the rise in illegal options on the traditional horse racing betting market.
Featured image: Unsplash
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