Kolade Abisoye

After regulatory and shareholder approvals, the stake goes up to 23.16 per cent. The Star Entertainment Group has verified that the interests of one of its major shareholders have changed substantially following Investment Holdings Pty Ltd, as a trustee to the BMG Discretionary Trust, having risen to an interest in excess of 1.53bn of its […]

MIBR is the first team in Riot Games’ ecosystem to get approval for a betting sponsorship, a milestone for esports in Brazil and beyond. The organization announced a new deal with betting company 1xBet for its Valorant team. Riot approved the partnership only after MIBR completed a detailed compliance process. The team had to meet […]

Felix xQc Lengyel has now passed one million followers on the livestreaming platform Kick. He is known for his fast paced reactions and gambling streams, which have helped him build a huge online audience. xQc decided to move to Kick after Twitch started tightening its rules on gambling content. The move turned out to be […]

Illinois sports betting could face more problems as city officials think about adding a new tax. Mayor Brandon Johnson has suggested a 10.25 percent tax on online sports bets in Chicago. But a group of state lawmakers is asking city leaders to carefully reconsider the plan. The lawmakers say the extra city tax could hurt […]

GR8 Tech has expanded its virtual sports lineup with a new virtual basketball game on its ULTIM8 Sportsbook platform. This follows earlier launches like virtual horse racing and virtual cricket roulette, which mixes casino-style features with cricket. These releases are part of the company’s ongoing investment in virtual sports. The company says the goal is […]

The Malta Gaming Authority has issued a warning about two websites that are falsely claiming to be licensed by the regulator. It said that the domains lavbet321.com and kasinoseta.com have no connection to the MGA and that the claims made by these sites are misleading. The Authority explained that this notice is part of its […]

Robinhood and Susquehanna International Group are joining forces to create their own futures and derivatives exchange, along with a clearinghouse. They plan to build the new business after buying a 90 percent stake in LedgerX, a licensed and CFTC regulated platform that was once owned by Miami International Holdings. The price of the deal was […]

South Africa’s National Treasury has proposed a new national tax on online gambling to help reduce the social harm linked to heavy gambling. In a paper released on 25 November, the Treasury suggested a 20 percent tax on gross gambling revenue from online betting and interactive games. The tax could raise about R10 billion, but […]

Evoke is considering selling its online gambling business in Italy as the UK prepares to introduce a big tax increase on betting companies. Sky News reports that the company has brought in Morgan Stanley to explore possible options. Sources say this is only a backup plan to support Evoke’s finances if the new tax puts […]

Caroline Pham, acting chair of the Commodity Futures Trading Commission, said that prediction markets operating through designated contract markets, or DCMs, are following the law. Her comments come as some states try to ban or limit these markets. This is the CFTC’s clearest statement so far that prediction markets can operate under current federal rules. […]