Lithuania’s Gambling Supervision Authority, or GSA, has fined casino operator JSC Tete-a-tete €341,049 for breaking anti money laundering rules, also called AML. The fine was announced on 18 December after the regulator carried out an unscheduled special inspection. The inspection looked at how the company followed the country’s Law on the Prevention of Money Laundering […]

Rank Group has said that its Spanish casino and online gaming businesses lost €7.1 million to payment fraud. The company, led by chief executive John O’Reilly, has reported the case to the police. In a statement released on 22 December, Rank said it is also carrying out its own investigation with help from an outside […]

Easygo has reported a profit of A$257 million, driven by strong growth in its gambling and live streaming businesses. The company earned this profit from total revenue of A$970 million, based on financial records filed with the Australian Securities and Investments Commission and reported by The Australian. It also paid about A$152 million in company […]

Evolution lost its request to make a New Jersey judge order sanctions on investigative firm Black Cube. The company claimed Black Cube did not follow discovery rules. The live casino company said the private intelligence firm failed to comply with the court’s discovery order completely. Black Cube created reports claiming Evolution operates in banned areas. […]

The appointment of Kevin Fenton to the Department for Culture, Media and Sport DCMS Gambling Levy Programme Board has sparked fresh debate about how gambling harm funding is handled in the UK. The board decides how money from the new statutory gambling levy is shared between research, prevention and treatment services. Fenton is a senior […]

TrueLabel has announced that it is integrating the SOFTSWISS Sportsbook into its platform, boosting its offerings for iGaming operators in different markets. This allows TrueLabel clients to access a modern and scalable sportsbook built to meet the needs of both new and established operators. With this integration, operators on TrueLabel can add a complete sports […]

DraftKings has officially launched its prediction markets product, marking its entry into a fast-growing area of digital trading. The new product is regulated by the US Commodity Futures Trading Commission, meaning it follows federal rules rather than state gambling laws. The platform is available on mobile and web. At launch, it offers contracts tied to […]

Sports Betting Alliance (SBA) warned Chicago officials about the proposed online sports betting market plan. This plan could disrupt legal operations. Revenue might drop for public funds. Regulatory confusion will happen if implemented as written. An industry group sent a letter to Mayor Brandon Johnson’s office last week. SBA asked the city to delay the […]

Truist Securities experts shared careful but positive thoughts on DraftKings’ new prediction markets platform launch. They called this move important for strategy but legally unclear. DraftKings released its separate DraftKings Predictions app in 38 states on 19 December. This launch greatly increases the company’s possible reach. It adds access to about 30% of the US […]

A US lawmaker has raised serious concerns about a partnership between CNN and the prediction market platform Kalshi, saying it could threaten markets and national security. Congressman Abe Hamadeh of Arizona wrote to Caroline Pham, the acting chair of the Commodity Futures Trading Commission CFTC, asking for urgent review of the deal. In his letter, […]