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Our content focuses on regulatory frameworks, jurisdiction comparisons, and market trends shaping the future of online gambling and event-based trading platforms.
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Key Points Operation Conto da Sorte uncovered a 37-company illegal betting network with an estimated BRL50 billion ($9.7 billion) in financial movement across Pernambuco, Ceará and São Paulo. Decree No. 13,033, signed by President Lula da Silva on 19 June, gives the Secretariat of Prizes and Betting formal powers to trigger bank account freezes against […]
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Key Points Egypt’s government is considering changes to the Cybercrime Law, which will officially consider online betting apps as crimes, and can result in punishment by serving life sentences if such activity involves organised criminal groups or massive fraud. About 80% of all betting websites have been blocked, and in September 2024, 1xBet was banned […]
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Key Points A separate team of Meta employees led by Mark Zuckerberg has been tasked with creating Arena – a completely separate app with prediction markets that will be isolated from other platforms like Facebook, Instagram, WhatsApp, and Messenger. The platform is set to launch using a points system, but the company is still considering […]
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Key Points PlayCity now reports illegal gambling channels directly to Kick’s headquarters, with the first two violating channels removed within the past week. Thirty-seven accounts across TikTok, Instagram, Twitch and Kick were blocked this month, reaching a combined audience of more than 895,000 followers. Violations carry a financial penalty of nearly UAH5.2 million (approximately $155,678), […]
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Key Points BetConstruct AI has integrated ADI Predictstreet’s prediction market solution, giving its operator partners access to official FIFA-licensed content. ADI Predictstreet holds the first-ever FIFA official prediction market partnership, a category that did not previously exist in international football. The deal also covers official match streaming rights for operators across Europe and selected international […]
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SkyCity Entertainment Group has reached an in-principle settlement with South Australia’s Commissioner for Liquor and Gambling over compliance failures at its Adelaide casino. Under the agreement dated 19 June, SkyCity will pay A$21m in three equal instalments. The first A$7m payment is due within 28 days, while the other instalments must be paid within one […]
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