The government says KNU-linked projects enabled foreign-run casinos and online scam hubs. Myanmar released a statement describing illegal gambling and online fraud operations in Myawady Township. The government claims KNU leaders directly leased state land to foreign actors and protected casino operators. The Ministry of Information reports these activities grew after armed groups exploited weak security conditions […]

Robinhood and Susquehanna International Group are joining forces to create their own futures and derivatives exchange, along with a clearinghouse. They plan to build the new business after buying a 90 percent stake in LedgerX, a licensed and CFTC regulated platform that was once owned by Miami International Holdings. The price of the deal was […]

South Africa’s National Treasury has proposed a new national tax on online gambling to help reduce the social harm linked to heavy gambling. In a paper released on 25 November, the Treasury suggested a 20 percent tax on gross gambling revenue from online betting and interactive games. The tax could raise about R10 billion, but […]

Evoke is considering selling its online gambling business in Italy as the UK prepares to introduce a big tax increase on betting companies. Sky News reports that the company has brought in Morgan Stanley to explore possible options. Sources say this is only a backup plan to support Evoke’s finances if the new tax puts […]

Brazil’s regulated betting market produced almost BRL8 billion after launching on 1 January. Tax revenue from Brazil’s regulated betting market totalled BRL1.09 billion ($202.7 million) in October. September’s total exceeded this figure. The Federal Revenue Service released monthly tax data on Monday. The BRL1.09 billion marked a 9.4% decline from September’s BRL1.21 billion. Total market […]