Kolade Abisoye

Washington has filed a lawsuit against Kalshi, arguing that its prediction market platform constitutes illegal online gambling under state law. The complaint was submitted in King County Superior Court by the Washington State Attorney General’s Office. Authorities claim the platform violates both the state’s Gambling Act and Consumer Protection Act. Hence, the state seeks to […]

Star Entertainment Group has secured a binding commitment for a US$390 million refinancing with funds linked to WhiteHawk Capital Partners. The agreement, confirmed in an ASX filing on 30 March 2026, is intended to provide fresh liquidity and address existing debts. The deal follows an in-principle agreement reached in late February, with the company signing […]

Kambi Group reported full-year 2025 results showing declines across revenue and profitability, plus delayed market entries. Total revenue fell to €162m from €176.4m in 2024, reflecting an 8.2% drop. When excluding one-off transition fees recorded in the prior year, the decline was narrower at 1.2%. Q4 revenue reached €42.7m, down 3.9% year-on-year. Profitability also weakened […]

ElectraWorks Limited, a subsidiary of Entain, has been fined DKK 500,000 (€67,000) after a Danish court found it guilty of misleading marketing. The decision was issued by the Copenhagen City Court following a case linked to promotions run on bwin.dk. The ruling focused on betting campaigns described as “risk-free,” a claim the court found inaccurate. […]

Kalshi has reported more than $800 million in trading during the opening weekend of March Madness, making it a standout player. The figure nearly doubles the total volume recorded across the entire tournament period in 2025. Last year, users traded $208 million during the first two rounds of the NCAA tournament. The latest numbers highlight […]

Malta is considering a dedicated regulatory framework for prediction markets. Economy Minister Silvio Schembri described the vertical as a major opportunity for the country’s digital economy. The announcement was made during the inauguration of Blockchain.com’s new offices in Malta. Schembri said: “We are actively exploring the emerging field of prediction markets, an area experiencing rapid […]

Leaders from Kalshi and Polymarket have come together to support a new venture capital firm targeting the event contract economy, in a rare collaboration. The fund, 5c(c) Capital, was unveiled this week with backing from Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan. According to its website: “5c(c) aims to allocate capital and provide […]

Pennsylvania Gaming Control Board has issued a $100,000 fine to BetMGM after identifying weaknesses in its know-your-customer procedures. The regulator said the gaps allowed individuals to create multiple betting accounts using stolen identities and payment methods. The board stated: “In its approval of the consent agreement, the Board agreed that BetMGM failed to have sufficient […]

Panama has taken a firm step towards tightening its problem gambling policies as online betting activity continues to rise. Lawmakers approved a new bill to introduce stricter controls on operators while strengthening protections for vulnerable players. The legislation, proposed by Raúl Pineda and Crispiano Adames, has now passed through the National Assembly. It introduces a […]

Polymarket has introduced a new set of market integrity rules, a clear shift in its approach to insider trading. The updates are reflected in its Terms of Use and the Polymarket US Rulebook, expanding the scope of prohibited conduct while strengthening compliance systems. The move follows recent regulatory developments from the Commodity Futures Trading Commission. […]