Central Bank of Brazil: we lack the authority to block transactions to illegal operators

   The President of the Central Bank, Gabriel Galípolo, speaking in the country’s parliament last week, stated that any blocking of transfers to illegal operators is only possible after notification from the responsible regulatory body — SPA.    Without a request from the SPA, blocking transactions is essentially impossible. Given that the regulator may take […]

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Chilean authorities will not block offshore operators’ websites

   In 2022, several local operators filed a collective complaint with various authorities, demanding action at the state level against offshore (and foreign in general) operators. Among other things, they requested the blocking of these operators’ websites within the country.    Now, after three years, the Chilean Prosecutor’s Office has officially announced that no further […]

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UAE Expands Gaming Frontier: New Licences Granted to Novomatic, EQL Games as National Lottery Partners with Xpoint

UAE iGaming industry

In a move that signals a bold and transformative shift in the Gulf region’s economic and entertainment future, the United Arab Emirates (UAE) is stepping confidently into the global gaming spotlight. The country is no longer toying with the idea — it’s building a full-fledged, strategically planned gaming industry from the ground up. This past […]

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The fate of prediction platforms at risk: how the fight against gambling in the US could change the future of financial technologies

   The U.S. gambling and financial market is facing new tensions due to prediction platforms like Kalshi, Robinhood, and Crypto.com. These companies, initially seen as innovative alternatives to traditional betting, are now facing legal challenges. Several states, including Nevada and New Jersey, claim these platforms are operating illegal gambling schemes and demand they stop in […]

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Sweepstakes brands are massively leaving the New York market amid tightening regulations

Sweepstakes casinos represent a unique phenomenon in the world of gambling, emerging at the intersection of technology, marketing, and legislation. Their rise was a response to the strict regulations imposed on traditional casinos in various jurisdictions. By leveraging innovative mechanics, these platforms provided users with a way to enjoy gambling entertainment without formally violating the […]

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Bet365 stops operations in the Chinese market

One of the world’s largest betting operators, Bet365, has officially ceased its operations in the Chinese market. This move has surprised many, as the operator’s presence in China had long remained under the radar. Now, the company has announced its withdrawal, redirecting its efforts toward more promising markets such as the United States. Bet365’s History […]

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BetMGM Officially Launching in Sweden

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The brand will operate on the platform of LeoVegas Group, offering players a range of gaming options including classic online casino, sports betting, and live casino. BetMGM is a joint venture between Entain Group and MGM Resorts, with MGM Resorts acquiring LeoVegas Group in 2022. While initially focused on the US market, BetMGM has been […]

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XLMedia Bids Farewell: Sells Remaining Assets to Sportradar for $30 Million

XLMedia struck a tentative deal to sell its remaining assets, which were previously part of their Sportradar subsidiary, for $30 million. The agreement hinges on shareholder approval at a meeting scheduled for November 7th. Here’s the breakdown: Upfront payment: XLMedia pockets $20 million right away. Performance bonus: An additional $10 million could be awarded by […]

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Largest M&A Deals with Affiliates in the Last 2 Years

Here’s a breakdown of some of the biggest affiliate industry mergers and acquisitions (M&A) deals that have happened in the past two years (as of October 2024). 2022: January: SharpLink Gaming acquires FourCubed LLC for $8.2 million. April: Better Collective buys Futbin.com for €105 million. September: SharpLink Gaming buys SportsHub (deal value undisclosed). October: Acroud […]

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