iGaming Finance News

Key Points XO Market raised $6 million from investors including Coinbase Ventures and Pat Cummins to build a user-generated prediction market platform where people create tradable events. The platform passed $150 million in trading volume, 30,000 users, and 600 markets, while the industry crossed $60 billion in 2025. Challenges remain in liquidity and scalability, XO […]

Uganda will implement a new gambling tax framework from 1 July 2026 after approving updates to its gaming legislation. The reforms, introduced through the Lotteries and Gaming (Amendment) Bill 2026, establish a flat 30% tax on gross gaming revenue across all segments. This replaces the previous distinctions between betting and other gaming activities. At the […]

Robinhood has released its financials for Q1 2026, which ended on 31 March. Following 2025’s record revenue, the company has maintained its upward trajectory. Revenue rose 15% year-on-year to $1.07 billion, while net income increased 3% to $346 million. The decline from 50% growth in Q1 2025 to 15% in this year’s first quarter reflects […]

Key Points Raketech Q1 2026 revenue dropped 36% year on year to €5.3m due to divestments, closure of low margin parts, and focus on higher value revenue streams. Even with a revenue drop, EBITDA increased 15% to about €1.2m, while margins improved through cost cuts and restructuring moves. The firm now pushes Nordic focus, platform […]

Key Points Most users on Polymarket faced losses, and over 100,000 accounts dropped more than $1,000, while retail traders together lost $131 million. A very small group, near the top 1% and mostly bots, secured most profits through speed in execution instead of prediction skill. Retail users often predicted outcomes correctly, yet they still lost […]

Key Points A server breach aimed at Amatic Industries pushed several slot games into failure, lifting win rates and letting players gain payouts that do not match normal play. The fault ran from 6 pm to 11:30 pm CEST on April 17, bringing confusion on offshore sites such as Vodka.Bet and Vavada, where some users […]

Ukrainian gambling regulator, PlayCity, has revoked the licence of Favbet Game Slots and imposed a record fine of UAH933 million (around $21.17 million) following a compliance investigation. The probe identified 108 gaming machines that failed to meet certification standards, stating concerns about fairness and compliance.  Established in 2025 to replace KRAIL, PlayCity oversees licensing, compliance […]

Caesars Entertainment reported a 2.7% year-on-year increase in group revenue for the first quarter, supported by strong digital growth. Revenue for the three months to 31 March reached $2.87bn, up from $2.79bn in the same period last year. Adjusted EBITDA rose by 0.3% to $887m. The main revenue was driven by the digital segment, which […]

Key Points Sportradar pushed revenue higher, yet mounting costs and outside financial strain pressed down on profit. Key divisions, including betting technology and gaming content, held firm; still, uneven regional trends and operational shifts produced a mixed outcome. Market unease did not stop the company from projecting confidence, as strategic steps stayed aligned with long-term […]

Boyd Gaming reported Q1 revenue of $997.4m, slightly ahead of the $991.6m recorded a year earlier. Net income attributable to the company fell to $105.5m from $111.4m, while operating income dropped more sharply to $164.0m from $199.9m. Adjusted figures followed the same direction. EBITDAR declined to $317.4m from $337.5m, and EBITDA came in at $288.8m […]