iGaming Business News

Key Points Revenue grew from $400 million in 2024 to $1.2 billion in 2025. Gurhan Kiziloz spent $200 million from internal profits alone. Nexus International runs with 100% ownership and zero external financing. Spartans.com brought Nexus International to $1.2 billion in annual revenue during 2025. The platform created the main income that lifted the company […]

Key Points Brazil’s SEC approved predictive derivatives for B3 listing. Sports markets cannot participate. B3 targets Q1 2026 for product launch. Investors need R$10m (€1.6m) minimum to participate. Binary options will track US dollar movements. Ibovespa index and Bitcoin also serve as underlying assets. Contracts require opposing positions between traders. Winners receive R$100 in matched […]

Arkansas regulators are considering applications from FanDuel and DraftKings to launch online sports betting in the state. However, the approval requires them to secure partnerships with existing casino platforms. Scott Hardin, spokesperson for the Arkansas Department of Finance and Administration, told KNWA that the companies could align with any of the state’s three licensed casinos […]

Connecticut lawmakers are considering age restrictions and advertising bans for prediction market platforms under House Bill 5038. The new bill defines a prediction market platform as any service allowing consumers to open speculative positions on future events in a bid-ask format.  HB 5038 mandates platforms operating in Connecticut to ascertain that users are at least […]

Gaming and Leisure Properties has announced record net revenue for both Q4 and full-year 2025. The figures for Q4 increased 4.5% to $407m, while net revenue rose 4.1% to nearly $1.6bn for the full year. Chairman and CEO Peter Carlino said the results were achieved “despite the difficult transaction and financing period in 2025,” and […]

Key Points MEGA11 connects sportsbook bets with game progression using point mechanics. Five loyalty tiers exist: Beginner, Amateur, Professional, World Class, and Legend. The game uses soft-currency only with optional player card and booster purchases. Soft2Bet launched MEGA11 to boost sportsbook engagement and keep football fans playing longer. The company created a football manager game […]

Key Points Raketech’s Q4 revenue fell sharply to €5.7 million from €12.3 million, while full-year revenue dropped by more than half compared with 2024 results. The company closed its Paid Publisher Network and focused on the External Organic Publisher Network, but new income arrived more slowly and did not replace losses. Profit declined heavily, the […]

Key Points Stake secured a five-year licence and launched online casino and sportsbook services in Denmark. Danish players receive the full platform, with headquarters opening at Parken Stadium from 1 March 2026. The move marks entry into the Nordics and includes responsible gaming and expansion goals. Danish Launch Strengthens Stake’s Global Expansion Strategy With a […]

The Norwegian Gambling Authority has formally adopted a NOK 1m fine against Norsk Tipping for weaknesses in its anti-money laundering systems. The penalty, first announced last year, is now final.  As a state-owned company, Norsk Tipping must implement strict AML procedures and systems. However, Lotteritilsynet has concluded that the operator failed to meet these key […]

The Nevada Gaming Control Board has filed a civil enforcement action against Kalshi in Carson City District Court. The regulator is seeking a declaration and injunction to prevent the offering of “unlicensed wagering in violation of Nevada law.”  According to the NGCB’s filing, “Kalshi is a financial services company that operates a derivatives exchange and […]