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The newly formed Coalition for Prediction Markets (CPM) have gone big on the marketing budget, as they share a full page advertisement in the Washington Post.
Within it, it reads “CFTC regulated prediction markets (already) ban insider trading.” It then gives a list of what they believe to be regulated and unregulated features, before stating: “Congress, let’s continue to work together to keep prediction markets safe and transparent for consumers here in America.”

Don’t conflate American regulated prediction markets with unregulated, offshore markets.
Full page ad in @WashingtonPost today. pic.twitter.com/IDZwjuJ5C6
— Coalition for Prediction Markets (@PredictAction) January 28, 2026

The purpose of the CPM is to be a unified industry voice working with policymakers, regulators, and the public to establish clear, fair rules that make prediction markets accessible and trustworthy. It comes after the group said it would back Representative Ritchie Torres’s effort to strengthen integrity in the sector, following reports that an anonymous Polymarket user cashed out more than $400,000 on a trade related to an operation to depose Venezuelan President Nicolás Maduro, an incident that prompted concerns.
What is the Coalition for Prediction Markets?
The coalition, which was only announced in December 2025, has some big names behind it, as industry giants Kalshi and Crypto.com formed it. Upon their arrival, they said they have convened a broad alliance of industry leaders including Coinbase, Robinhood, and Underdog, to help form the coalition.
The bipartisan group also announced in January that former US Representative and Ambassador Sean Patrick Maloney will serve as its CEO and President. In the same news, they shared how former US Representative and Chairman Patrick McHenry would be joining as a senior advisor.
In the CPM’s announcement posts on X, they reiterated their support for prediction markets and said: “This coalition marks the first unified industry effort to protect access, strengthen integrity, and ensure prediction markets continue to serve the public good.
“Today is just the beginning. A clearer, more trusted prediction market ecosystem benefits everyone.”
When it was first announced, the CPM said its early work will focus on reinforcing the federal framework governing prediction markets, with establishing and educating nationwide standards for integrity being central to this work.
While it’s still relatively new, this PR push with the major spread could signal what’s to come, especially as some prediction markets are facing difficulties with state regulators.
Featured Image: Via X post from the Coalition for Prediction Markets
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Las Vegas Sands, which owns properties worldwide, posts a strong Q4 and full-year, but Sands China sees dip.
The net revenue of the company was $3.65 billion, compared to $2.90 billion in the prior year quarter. The operating income was $707 million, compared to $590 million in the prior year quarter. In the fourth quarter of 2025, the net income reached $448 million, growing on the $392 million in the fourth quarter of 2024.
The full year operating income was $2.82 billion (up from $2.40 billion last year).
The company predominantly owns properties in Macao and Singapore, with these including The Venetian Macao, Sands Macao, The Londoner Macao, The Plaza Macao & Four Seasons Hotel Macao, The Parisian Macao, and the Marina Bay Sands.
Las Vegas Sands used to have the aptly named ‘Sands Hotel and Casino’ based on the Las Vegas Strip, which was then redeveloped as The Venetian. In February 2022, the company sold The Venetian Resort.
Las Vegas Sands Q4 analysisLas Vegas Sands delivered a strong quarter and full-year performance, with most of the momentum coming from Singapore, where Marina Bay Sands continues to outperform. That strength helped lift revenue, profits, and shareholder returns. However, results in Macao were more mixed. Sands China saw lower net income despite higher revenue, pointing to margin pressure and uneven recovery, which could limit longer-term growth if it persists.
Sands China’s net income sees decline in Las Vegas Sands Q4 report
While there are many positives across other sides of the company, the Sands China Ltd (SCL) financial results show a decrease. Although the total net revenues for SCL, on a GAAP basis, increased 16.4% to $2.05 billion, compared to the fourth quarter of 2024, the net income was $213 million, which is less than the $237 million that was seen in Q4 of 2024.
Speaking on the figures, the chairman and CEO Robert G. Goldstein said: “In Singapore, Marina Bay Sands once again delivered outstanding financial and operating performance. Our elevated suite and service offerings position us for additional growth as travel and tourism spending in Asia continues to expand.
“In Macao, our decades-long commitment to making investments that enhance the business and leisure tourism appeal of Macao and support its development as a world center of business and leisure tourism positions us well for future growth.”
“Our financial strength and industry-leading cash flow continue to support our investment programs in both Singapore and Macao, our pursuit of growth opportunities in new markets and our program to return excess capital to stockholders.”
Featured Image: Credit to ‘ToNameOrNotToName’ on Wikimedia Commons
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Entain has officially confirmed that it will no longer be sponsoring the Coral Cup at the Cheltenham festival after a 52-year association with the event.
The operator first sponsored the race in 1974, but the decision follows an increase in betting taxation announced in the UK budget last November.

Sadly, today we’ve confirmed that @Coral will not renew its 52‑year sponsorship of the Coral Cup at the Cheltenham Festival. This follows the significant rise in gambling taxation announced in the UK Budget, requiring us to review our marketing spend.
— Chris Alfred (@Chris_Alfred) January 28, 2026

As such, the company has been forced to reassess the sustainability of certain sponsorships going forward, with the Coral Cup being affected, despite horse racing avoiding large tax rises.
“It is with a heavy heart that I confirm Coral will not be renewing its long-standing sponsorship of the Coral Cup,” said Simon Clare, Entain’s PR and Sponsorship Director, in a statement to ReadWrite. This was also confirmed by Entain’s Head of Corporate Media, Chris Alfred, in posts on X.
“Ending our sponsorship after 52 years is incredibly regrettable, but reflects the need to reassess where and how we invest under the new cost landscape.
“The Jockey Club remains a valued and long-standing partner, and we look forward to continuing our collaboration across the many major Coral and Ladbrokes sponsorships we continue to support.”

We warned this could happen ahead of last year’s Budget.CEO Stella David repeatedly cautioned that higher taxes would force investment cuts and push customers to the black market. https://t.co/TManiYDNk2
— Chris Alfred (@Chris_Alfred) January 28, 2026

Sources claim that the decision wasn’t solely aimed at horse racing, but at those who indicated that the tax rises would not lead to change from an operational point of view.
Entain is still going to be involved in horse racing
While the decision to end the 52-year association with the Coral Cup comes as a surprise, Entain has confirmed that it will still offer a long-term commitment to horse racing.
The operator has invested in the sport through partnerships via Coral and Ladbrokes and has also stated that bringing racing and operators closer together will ensure the sport remains sustainable in the long term.
“Horse racing remains hugely important to Entain, and we will maintain significant investment across some of the sport’s biggest events, including the Ladbrokes King George and the Coral-Eclipse,” added Clare.

The new tax regime increases pressure across the sector and makes racing’s high cost base even harder to sustain. This news may help demonstrate that the so-called carve-out for racing in the budget was actually more like a stealth tax.
— Chris Alfred (@Chris_Alfred) January 28, 2026

“Cheltenham will continue to be a major moment for our customers, and we will promote the Festival across all our channels as strongly as ever.
“However, with higher taxation and racing’s already high cost base – driven by media rights and the statutory levy – it is essential that the sport and the betting industry work together to grow racing’s appeal while ensuring it remains financially sustainable. We are committed to working constructively with our partners to support racing’s long-term health.”
Featured image: Canva
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A number of licensed wagering providers are said to have breached self-exclusion rules, according to the Australian Communications and Media Authority (ACMA).
The independent commonwealth statutory authority, in Australia, regulates communications and media services in the country and it has just announced it has carried out a number of investigations.
The ACMA says investigations found Tabcorp, LightningBet, Betfocus, TempleBet, Picklebet, and BetChamps “all failed to comply with rules that protect people who registered with BetStop – the National Self-Exclusion Register.”

The ACMA has found six wagering providers in breach of gambling self‑exclusion rules for failing to adequately identify and protect people who had self‑excluded.
Read more: https://t.co/kaLT0h31Sl pic.twitter.com/dxcXne3Fjh
— ACMA (@acmadotgov) January 29, 2026

They confirm that the facts of each investigation are different, but the alleged breaches across them included allowing registered individuals to open wagering accounts and to access wagering services, or marketing to registered individuals.
ACMA provides insight into outcome of investigations into providers
ACMA member Carolyn Lidgerwood said in a press release that these breaches undermine the protections from gambling harm that self-exclusion offers: “The national self-exclusion register is designed to help people who are trying to avoid gambling services and stop gambling, but self-exclusion only works if wagering providers follow the rules.
“These rules have been in place for more than two years and wagering providers should be taking their responsibilities seriously.” She continued to explain how people who self-exclude themselves from online and telephone gambling trust that the system can protect them from gambling harm.
The authority states the investigations identified that the providers did not ensure that their underlying systems and processes were operating as intended and failed to adequately identify and protect people who had self-excluded. They say a number of enforcement tools have been used following the findings.
To Betfocus, LightningBet, and TempleBet, remedial directions have been issued, meaning the providers will be required by law to commission an independent audit of their systems and implement any resulting recommendations. The ACMA says failure to comply is an offense and can result in civil penalties.
Tabcorp Holdings has paid a penalty of $112,680 and has agreed to enter into a court-enforceable undertaking which requires the company to commission a third-party review of its customer verification processes and train staff on their obligations around the Register.
BetChamps was given a formal warning and the ACMA is currently finalising enforcement action for Picklebet.
Featured Image: AI-generated via Ideogram
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