Arijit Roul

America’s tax agency made an announcement yesterday. The reporting limit for gambling prizes will jump to $2,000 in January 2026. This decision ends the confusion that lasted several months. Congress passed the One Big Beautiful Bill Act of 2025 (OBBB) earlier. The law changed old reporting standards. Tax officials stayed silent until this week. A […]

State officials want to modernise Nevada’s gaming regulations. Industry changes demand new approaches. Gaming Control Board members met Tuesday for several hours. Participants discussed rules covering multiple gaming industry sections. Board members completed their third workshop this month. Nevada seeks to update and simplify its regulatory framework. Industry representatives complained for years about Nevada’s outdated […]

DraftKings and FanDuel will keep their licenses in Arizona. Citizens analysts believe Arizona’s action against Underdog won’t affect them. The state removed Underdog’s fantasy sports license because of its connection to Crypto.com. Both companies chose the safest path to avoid problems with the states. They plan to start their own prediction market platforms soon. A […]

New York State finished its downstate casino licensing process after many years. Three big projects received approval to change the region’s gambling and entertainment scene. Bally’s Bronx, Metropolitan Park, and Resorts World New York City got licenses from the New York State Gaming Commission. Construction can start now, after more than ten years of political, […]

The Finnish parliament rejected all opposition party amendments with an overwhelming majority this week. Major amendments to Finland’s new online gambling legislation got voted down, while minor changes remain possible. Opposition parties submitted several proposed changes to parliament last week for consideration. The Administrative Committee has already read and amended the bill during its parliamentary […]

India’s Enforcement Directorate froze ₹117.41 crore ($14.1 million) from online prediction platform Probo. The law enforcement agency targeted Probo Media Technologies Pvt. Ltd. and the director’s family members’ properties. Officials claim the platform ran gambling operations disguised as skill-based gaming. Properties Frozen Under the Money Laundering Law Gurugram Zonal Office executed the attachment on December […]

Gaming powerhouse prepares for layoffs, consolidation and diversification after UK gambling tax hike announcement. The UK chancellor announced a gambling tax hike in late November. Remote Gaming Duty rises from 21% to 40% by April 2026. Online betting increases from 15% to 25% by 2027. Gibraltar felt the impact immediately. The online gaming sector generates […]

Prediction markets will transform into mainstream financial tools as institutions adopt this asset class beyond speculation. Citizens released a new report stating this conclusion. Citizens’ estimates predict market revenues approach $2bn run rate through per contract fees currently. Monthly volumes reach approximately $10bn across major platforms, including Kalshi and Polymarket. Analysts forecast this could multiply […]

Tarek Mansour, Kalshi CEO and co-founder, revealed the Coalition for Prediction Markets launch with Coinbase, Crypto.com, Robinhood, and Underdog. X platform hosted the announcement, where Mansour described the group as a defence against lobbying interests blocking sector growth. Prediction market operators now have a unified voice through this coalition defending transparency, market integrity, and customer […]

Philippine Amusement and Gaming Corp’s Alejandro Tengco links softer Q3 revenues to enhanced RG measures. Better safeguards created inevitable revenue consequences. Alejandro Tengco spoke at G2E Asia @ the Philippines regarding gaming revenue patterns. Softer third-quarter gaming revenues stemmed from heightened consumer protections, according to the Philippine Amusement and Gaming Corp. Wednesday’s keynote address detailed […]