Tag Archives: ReadWrite

Kalshi, the major prediction market, has been hit with a nationwide class action lawsuit, filed in the Southern District of New York. The suit claims that Kalshi is allowing illegal sports betting, as well as forcing players against the house. … Continue reading →

Merkur Group has expanded its partnership with electronic table game developer Spintec to acquire a “significant stake” in the company. After initially investing back in 2019, Merkur Group has now acquired what it describes as “a significant stake” in Slovenia-based … Continue reading →

The Pennsylvania Gaming Control Board has revoked licenses, imposed fines, and denied individual gambling privileges in a series of decisions. The PGCB took a number of actions on November 19 against those in violation of gambling rules in the state. … Continue reading →

PENN Entertainment has extended its agreement to use Kambi’s retail sportsbook technology until July 31, 2027. After initially extending the agreement to the end of 2025, Kambi will now continue to support PENN’s sportsbook operations until July 31, 2027. The … Continue reading →

After a post to social media allegedly containing racist language from Polymarket’s company account, a representative for the company has apologized. Prediction market Polymarket was quickly called out for a now-deleted post to X that allegedly contained ethnic slurs. The … Continue reading →

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 →