iGaming Business News

Key Points Fortuna Entertainment Group will acquire 70 per cent of TOPsport and gain control of Lithuania’s main betting operator. TOPsport holds above 50 per cent market share and recorded more than €65 million EBITDA in 2025 from growth and margins. The agreement expands Fortuna’s presence to eight countries while facing tighter regulation in Lithuania. […]

Allwyn International announced consistent financial growth for 2025, supported by acquisitions and expansion into new markets, based on preliminary unaudited results. Total revenue reached €8.99bn for the year ending 31 December 2025, a 4% increase from €8.66bn in 2024. Gross gaming revenue followed a similar path at €8.63bn, while net revenue climbed to €4.11bn. Chief […]

Key Points Better Collective expands into prediction markets using content hubs, videos, and learning material across media brands. The sector grows fast, with trading volumes rising and forecasts pointing to $1 trillion by 2030. Despite scrutiny and debate, the company uses audience demand and partnerships to enter the market. Better Collective now increases its move […]

Evolution has confirmed it will suspend dividends for the 2025 financial year as it reassesses how capital is deployed ahead of 2026. The decision is a clear shift from its established approach to shareholder returns. The company has traditionally committed to distributing at least 50% of annual net profit. In its latest statement, the Board […]

Key Points Jackpot Drop issue credited players with large sums, and some users withdrew funds before their accounts were locked. William Hill now asks customers to return funds within three days and offers 11% as goodwill. The situation may lead to disputes and financial pressure during the review and possible sale. A fault in Jackpot […]

Key Points MLB signed a data-sharing agreement with the CFTC to monitor prediction market activity. Polymarket becomes MLB’s exclusive partner with rights to use league data and identity. The agreements emerge during legal disputes over prediction market classification. Major League Baseball completed two agreements within the expanding prediction market sector, creating a shift that signals […]

23 Broadway has secured $3m in seed funding to push its next phase of growth and launch a user acquisition financing platform powered by AI. The round was co-led by Betty and Will Ventures, with additional backing from 359 Capital, CEAS Investments, and Dave Bartman. The company aims to combine non-dilutive funding for customer acquisition […]

Polymarket has agreed to acquire Brahma, a DeFi company, in a move to upgrade its infrastructure. This deal was first reported by Fortune and later confirmed through the official channels of both companies.  Launched in 2021 by Akanshu Jain, Alessandro Tenconi, and Bapi Reddy K., Brahma focuses on decentralised finance infrastructure built around “custodial-free” systems. […]

Key Points  Arizona filed 20 misdemeanour charges against Kalshi, making this the first criminal action any state has taken against the prediction market platform. Prosecutors claim Kalshi accepted bets without a licence on sports and elections, including major political races and outcomes in Arizona. The case shows a bigger fight happening across the country between […]

Gemeinsame Glücksspielbehörde der Länder has released new data suggesting that most online gambling activity in Germany now flows through licensed operators. The study places the channelisation rate at 77.03%, leaving the unregulated market with a 22.97% share. The research was commissioned by the regulator and conducted by Blockchain Research Lab. It estimates that illegal online […]