Sri Lanka’s Inland Revenue Department has introduced new taxes for the betting and gaming industry, effective 1 January 2026. The changes raise the casino entrance fee and the gross collection levy for operators. The move follows updates to the Betting and Gaming Levy Act, first passed in 1988 and recently amended by the Betting and […]

Brazilian President Luiz Inácio Lula da Silva has approved a new law that will raise taxes on betting companies in the country. The tax rate will go up from 12 percent to 15 percent by 2028. The government says the change is meant to increase revenue from the growing online betting market. The Ministry of […]

Kazakhstan is planning to expand its legal gambling areas after lawmakers in the Mazhilis approved changes to the country’s casino law. Currently, casinos are only allowed in two locations: Borovoe in the Akmola region and Qonaev in the Almaty region. The new law will let more casino zones open in other parts of the country. […]

The Sports Betting Alliance has dropped its emergency lawsuit against the City of Chicago after the city approved licences for major sportsbooks. On 31 December, bet365, BetMGM, DraftKings, FanDuel, and Fanatics Betting all received licences. The Alliance had filed the case a day earlier to try to stop Chicago from enforcing a new betting tax, […]

Rocket, a crypto app experimenting with what it calls “redistribution markets,” just pulled in $1.5 million in pre-seed funding. This raise puts Rocket alongside a handful of other young crypto startups that managed to land early-stage funding as the year wrapped up. Investors clearly haven’t lost their appetite for novel ideas in the space, even […]