Tag Archives: ReadWrite

Financial services company Robinhood has agreed to pause its sports prediction markets activities in Nevada pending further legal proceedings, after a judge ruled that contracts by Kalshi could not be offered in the state. Federal judge Andrew Gordon denied Robinhood’s … Continue reading →

The UK’s Autumn Budget has dropped, confirming several changes to gambling taxes that are expected to raise £1.1 billion ($1.5 billion) for the British economy. Those tax increases include pushing remote gaming duty from 21 to 40 per cent starting … Continue reading →

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 … Continue reading →

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 … Continue reading →

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 … Continue reading →

Robinhood has smelt the blood in the water and has begun to move quite rapidly to expand its prediction market offerings. Currently partnered with Kalshi, Robinhood has made quite a splash in the industry. New reports have begun to surface … Continue reading →

The UK’s Office for Budget Responsibility accidentally had its full assessment of Chancellor Rachel Reeves’s budget leaked online just hours before she was due to speak. The report, the Economic and Fiscal Outlook, was briefly accessible before it was taken … Continue reading →

The UK Gambling Commission has posted the results for April 2024 through March 2025 ahead of the Autumn Budget, revealing that the UK’s gambling industry has grown massively. The Gross Gambling Yield (GGY) was £16.8 billion ($22.1 billion), a 7.3% … Continue reading →

Brazilian police have enforced the next phase of a regional gambling crackdown and arrested a former Congressman, Roberto Razuk and members of his family. The news comes from the Ministerio Público of Mato Grosso do Sul, and outlines the decision … Continue reading →

The Star Entertainment Group has been working with Bally’s Corporation to allow the gaming giant to take over the struggling business by the end of November. After a substantial wait for the red tape of regulatory approvals by the NSW … Continue reading →