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. […]
iGaming Business News
Latest iGaming business news covering company strategies, investments, mergers and acquisitions, and key market insights from the global gambling industry.
Q3 2025: Sports Betting Margins Reduce Allwyn Profits
November 28, 2025Allwyn International achieved higher revenue, but earnings dropped during the third quarter of 2025. Lottery and digital segments grew while sports betting margins weakened and corporate costs increased. Net revenue for the group climbed 5% year-on-year, reaching €1.02bn. Gross gaming revenue increased 5% to €2.12bn during the same period. Adjusted EBITDA decreased 8% to €374m, which […]
U.S. prediction market platform Kalshi reportedly achieved an $11 billion valuation after completing a $1 billion funding round. TechCrunch first reported this information through a source familiar with the transaction. This valuation increase represents the prediction market sector’s fastest growth this year. Weeks earlier, the company secured $300 million at a $5 billion valuation in […]
Agreegain Partners With 3 Oaks Gaming
November 28, 2025Agreegain has formed a new partnership with 3 Oaks Gaming, giving its operator network access to more slot games. Operators can now add titles like Lucky Penny, Super Hot Teapots and Sun of Egypt 5. This gives players more choices and helps operators update their game lists easily. The deal also makes game integration simpler […]
Lithuanian Authorities Move to Curb Illegal Online Gambling
November 27, 2025Senior Lithuanian government bodies met on 20 November at the Government Chancellery to address the rise in illegal online gambling and fake websites. The meeting was part of a programme launched by the Prime Minister to help agencies act faster against digital financial crimes. Officials said that fake websites are increasing quickly and are becoming […]
NCAA Reverses Plan to Allow Athletes to Bet on Professional Sports
November 27, 2025The National Collegiate Athletic Association (NCAA) has decided not to go ahead with a proposal that would have allowed college athletes to bet on professional sports. NCAA Division I members voted on 21 November to reject the planned rule change, stopping a measure that was originally scheduled to take effect on 1 November. The proposal […]
QTech Games Partners With VA Gaming to Expand Global Reach
November 27, 2025QTech Games has entered a new partnership with VA Gaming to strengthen its iGaming platform and offer even more online gaming content. The agreement gives QTech access to more than 70 titles from VA Gaming’s catalogue, allowing the company to broaden the variety of games available to its users. According to QTech, the integration will […]
Consumer Groups Demand Compensation from Online Casinos
November 26, 2025Two Dutch consumer groups are demanding that online casinos compensate players who were misled or pushed into unsafe gambling. The Consumers’ Association and the Consumers’ Competition Claims Foundation say several major operators failed their duty of care by giving unclear information, using unfair settings, and advertising too aggressively. They warn that if the casinos refuse […]
Major UK Prize Draw Operators Commit to the Government Code of Conduct
November 26, 2025Twenty UK prize draw companies signed a government voluntary code. The code aims to improve transparency and player protections. DCMS created the code. New rules include a £250 monthly cap on credit card entries for prize draws. Credit card entries face a complete ban for instant-win competitions. Prize draws let players enter free or paid competitions. Winners […]
Nederlandse Loterij Completes Full Acquisition of Lotify
November 26, 2025Nederlandse Loterij has taken full ownership of Lotify, a Dutch digital platform used for organising fundraising lotteries and competitions. The state-owned gaming operator had already held a majority stake in the company since 2021. It now believes that full control will strengthen its role in the charity and community lottery market across the Netherlands. Lotify […]
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