作者： nicole

(AsiaGameHub) -   California’s cardroom industry is confronting an existential crisis due to new regulations that took effect on April 1. The industry is seeking to reverse these rules, which essentially bar cardrooms from offering blackjack-style games—games that serve as the lifeblood of these venues and their surrounding local economies. California’s New Cardroom Regulations Have Taken Effect Earlier this year, California Attorney General Rob Bonta and the Bureau of Gambling Control approved far-reaching regulatory changes. Citing concerns about problem gambling, legislators effectively decided to prohibit cardrooms from providing the player-dealer blackjack games the industry has grown dependent on. For context, California law forbids anyone except state tribes from offering banked gambling. As a result, cardrooms have long hired third-party player-dealers and created blackjack variants that align with the local regulatory framework. The use of third-party proposition player services (TPPPs) has become closely associated with cardrooms, which are major contributors to local economies. Regarding player-dealers, the new rules do not completely ban the practice—though they require that player-dealers be rotated every 40 minutes. The rules took effect on April 1, but cardrooms have until May 31 to submit their compliance plans. This means gaming operations will remain largely unchanged for a few months. However, industry representatives are worried about what lies ahead. Cardrooms Have Taken Legal Action California’s cardroom sector has firmly rejected the new regulations, claiming they would devastate not only the industry but also entire local economies. Several regions in California get a large portion of their tax revenue from the cardroom industry, meaning the new laws could have far broader impacts than intended. Additionally, industry representatives argued the new laws would put thousands of jobs at risk. The industry currently employs many people, who are facing significant uncertainty due to the new rules. In any case, the industry has refused to stand by as the new regulations take hold and has taken the issue to court, hoping to secure an injunction. Meanwhile, tribal authorities appear pleased with the changes. Tribes have long believed cardrooms infringe on their exclusive right to offer gambling and have long protested the cardroom industry’s existence. Representatives stated they were happy with the AG’s decision and expressed hope that California would properly enforce the new rules. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   New Jersey continues to be a prime location for lottery enthusiasts, as the state produced another major winner recently. One lucky ticket secured a $6.5 million prize in the Pick 6 game, with the drawing held on Monday, March 23. Details of the win were only recently announced by the lottery. The winning numbers were 2, 3, 6, 33, 38, and 41. The ticket was purchased and played via the Jackpocket mobile application. Jackpocket is a widely-used courier service operating in New Jersey, though it has faced controversy in states such as Texas, particularly following a major jackpot win that prompted an investigation and regulatory scrutiny. James Carey, the New Jersey Lottery's executive director, extended his congratulations to the winner. The jackpot for the game has now reset to more than $2 million. “Congratulations to our latest Pick-6 winner! This is the second Pick-6 jackpot this year,” stated Carey. Earlier in March, a different player won an $832,000 jackpot just before St. Patrick’s Day. That player was on their inaugural visit to Caesars Atlantic City when they captured the $832,549 Mega Jackpot.Also in March, a separate ticket secured a $3.4 million prize in the Cash 5 game. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Scientific American has covered a new analysis presenting evidence that humans might have been gambling as far back as the Ice Age, and the modern cultural phenomenon of gambling could be deeply rooted in human behavior across thousands of years. Understanding of Probability Traces Back 12,000 Years Though the study’s scientific findings center on the realization that humans have long grasped the nature of randomness and that certain events are entirely beyond their control, the revelation that humans have gambled for millennia is especially notable. The analysis published by archaeologist Robert J. Madden in American Antiquity suggests that games of chance, a form of gambling, date back at least 12,000 years. “This is the most thrilling paper I’ve encountered in North American archaeology in at least the past five years,” stated archaeologist Robert Weiner, who works at Dartmouth College, to the publication. Madden reached his conclusion by reviewing at 25 years’ worth of archaeological community research, as the researcher himself identified specific dice featuring intricate etched markings on their faces; these dice were documented across photo databases from excavation sites throughout North America and other regions. This finding led Madden to conclude that gambling practices likely endured, and were specifically accessible to Indigenous North American communities long before European pilgrims first arrived on the continent. Gambling as a Means of Coping With Events Beyond Human Control Put differently, gambling is a universal practice that emerged regardless of geographic and cultural divides, thousands of years before human groups became aware of one another’s existence. Per Madden, the embrace of gambling serves a more profound intellectual purpose in cultural evolution, as it fundamentally signals that societies have come to understand that not all events stem from predictable causes—meaning these early civilizations possessed a practical understanding of basic probability. “When you begin flipping a coin and recording the results, you are essentially invoking randomness. You can start to spot these patterns forming, and beyond just observing them, you can even put them to use,” Madden elaborated. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The Commodity Futures Trading Commission (CFTC) is intensifying its focus on insider trading within prediction markets, with its newly appointed enforcement chief designating the issue as a top priority. “We Will Aggressively Detect, and Investigate” Speaking at New York University School of Law, David Miller, the agency’s recently appointed director of enforcement, described the current period as “a very exciting time for the CFTC.” He elaborated, stating, “From our roots as an agricultural futures regulator, we now oversee derivatives markets in a wide variety of areas. And we are at the forefront of regulating prediction markets and crypto assets, perhaps the two most dynamic markets in finance.” The new enforcement head, who previously served as a litigation partner at Morgan Lewis and Greenberg Traurig after a decade in public service in various capacities, including as a “federal prosecutor in multiple offices of the Department of Justice” and an assistant US Attorney in the Southern District of New York, where he spent over half his tenure as a member of the Securities and Commodities Fraud Task Force. His remarks signaled a shift in the CFTC’s approach: “The era of regulation by enforcement is over. Under Chairman Selig’s leadership, we will focus on the Division’s core purpose of policing fraud, abuse, and manipulation rather than setting policy.” Miller emphasized that the agency will adopt a firm stance against any individuals who leverage nonpublic information in prediction markets for personal gain. Miller clearly articulated his position on the matter. “I take insider trading extremely seriously. Insider trading in the prediction markets, where there is misappropriated information, is precisely the kind of serious violation that we are going after vigorously,” he stated. He further countered a misconception, adding, “Unfortunately, there is a myth in the mainstream media and social media that insider trading law doesn’t apply in the prediction markets. That is wrong.” Miller announced the CFTC’s intention to “aggressively detect, investigate, and, where appropriate, prosecute insider trading” in these controversial markets, which permit users to trade on the outcomes of future events. These events can span from financial indicators to political contests and sports results. While platforms like Kalshi have brought these markets into greater public view, they have also introduced new concerns regarding fairness and regulatory oversight. Exchanges Must Do Their Jobs Miller stressed that the responsibility is not solely on regulators, asserting that the exchanges themselves must implement measures to monitor activity and prevent misconduct on their platforms. “Exchanges have important obligations under our core principles relevant to insider trading and market manipulation. These include obligations to have appropriate surveillance, compliance practices and procedures, promote fair and equitable trading, protect markets from abusive practices, and, importantly, to only list contracts that are not susceptible to manipulation,” Miller explained. He concluded that “exchanges doing their job” is a “crucial component of the fight against market manipulation and insider trading.” Recent weeks have seen a rise in concerns, with several trades appearing to be exceptionally well-timed, sparking suspicion that some participants might have possessed access to private information. In certain instances, accounts were reportedly established mere hours before significant events, intensifying questions about the utilization of these markets. Miller acknowledged that not all informed trading constitutes illegal activity. “Our markets are price-discovery markets, not disclosure-based markets. Market participants are entitled to use their own knowledge and information to make trading decisions. For example, we want the farm cooperative that sees issues with a harvest to be able to hedge its position,” Miller noted. However, he drew a clear distinction, reaffirming that the agency will take action against those “who tip or trade with misappropriated information,” and, as he emphasized, the CFTC “will prosecute aggressively” such forms of manipulation. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   This week signals a fresh chapter for UK gambling as a 40% tax on online casino gross gaming revenue (GGR) takes effect. Even amid this challenging new landscape, Digitain is stepping in with assurance and enthusiasm. Alexander Jones, Digitain’s Regional Sales Director for the UK and Western Europe, speaks with SBC News about the provider’s significant entry into the UK market following its acquisition of a UK Gambling Commission (UKGC) license earlier this year. Jones explains that the UK offers Digitain not just an exciting chance to break into a major, global, and competitive market, but also an opportunity to make a worldwide impact. Given the strict regulations and the newly implemented tax system, Digitain’s UK sales head points out that if operators and suppliers can thrive in this tough setting, they can succeed almost anywhere. Tell us about Digitain’s plans for the UK market and why certification from the UKGC is such an important milestone? Image source: Digitain For Digitain, obtaining UKGC certification is a strategic milestone that showcases both our preparedness and ambition. The UK ranks among the world’s most profitable iGaming markets, yet it’s also one of the most regulation-heavy. Meeting compliance standards here isn’t just a matter of checking boxes; it’s about demonstrating that your technology, processes, and approach meet some of the highest global benchmarks. When it comes to our plans, we’re taking a long-term approach to the UK market. This isn’t a fleeting entry; it’s about forging lasting partnerships, delivering tailored solutions, and establishing ourselves as a reliable technology provider for operators. As I’ve mentioned before, I’m inviting operators to share their needs and allow us to prove we’re the top go-to problem solver and solutions provider. What is your strategy for the UK market and how will it differ from other regulated markets in terms of product and solutions? The UK calls for a distinct way of thinking—what works in other markets doesn’t always apply here, and tone of voice is crucial. Our strategy rests on three core pillars: localisation, compliance-focused development, and player retention driven by product innovation. From a product standpoint, UK players have very particular expectations. This means prioritising popular sports such as football and horse racing, offering highly competitive odds, and delivering smooth in-play betting experiences are essential. We’re refining our offerings to meet these expectations while ensuring every feature complies with UKGC rules. Whether it’s our bore-draw feature, sports tournaments designed to engage first-time users, or our AI-powered sportsbook segmentation tool that delivers a personalised experience for each site visitor, every feature is carefully crafted with a B2C focus.UK operators are increasingly seeking modern, flexible, and scalable alternatives to traditional platform providers without sacrificing regulatory compliance. Leveraging our Centrivo iGaming platform and over 25 years of sportsbook expertise, we provide a cutting-edge solution aimed at boosting operators across the UK, Ireland, and broader European markets. The UK also requires more robust integration of responsible gaming tools. This isn’t just about meeting compliance; it’s about fostering trust with both operators and end-users. As part of our UK strategy, we’re also investing in expanding our local team, with plans to create a dedicated hub to support multiple functions. This guarantees that operators receive close, on-site collaboration and continuous support. In brief, although our core technology stays consistent, the way it’s packaged, presented, and optimised for the UK market is highly customised. The UK is also one of Europe’s most tightly regulated markets. Why did you want to enter this market and what does this tell us about your compliance capabilities? If you can succeed in the UK, you can succeed almost anywhere. That’s the plain reality. Entering a market with such strict regulations is both a challenge and a declaration. For Digitain, it’s a way to show that compliance isn’t a barrier but a core strength. We want the iGaming industry to know that we’re a major player in all regulated markets. Delivering a complete turnkey platform successfully in this environment is a clear sign of both our product’s maturity and our organisation’s readiness. We’ve put considerable work into fostering a compliance-first culture across our teams. This covers everything from internal procedures to the design of our platforms. The UKGC certification is essentially an external confirmation of that hard work. What are your targets and objectives for the UK market and where do you hope to be in the next 12–24 months? Over the next 12 to 24 months, we aim to enhance Digitain’s presence in the UK and Western Europe by becoming a trusted, long-term technology partner for both online and retail marketplaces. Our focus will be on delivering scalable solutions, advanced risk management, and personalised player engagement—all while staying fully compliant and offering innovative, end-user-focused services. We also intend to grow our existing UK office into a full headquarters, including commercial, trading, product, and account management teams. This local presence will allow for closer collaboration with UK and Irish operators, ensuring hands-on support and ongoing communication. Ultimately, our goal is for Digitain to be seen as a premium, reliable, and innovative provider—trusted by operators in every regulated market. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   This week ushers in a new era for UK gambling, as a 40% tax on online casino GGR comes into effect. Despite this challenging new landscape, Digitain is entering the market with confidence and excitement. Alexander Jones, Regional Sales Director for UK and Western Europe at Digitain, spoke to SBC News about the supplier’s landmark entry into the UK market after the brand secured its UKGC licence earlier this year. Jones explains that the UK not only gives Digitain an exciting opportunity to break into a prominent, global and competitive market, but it also allows the company to make a clear global statement. With strict regulations and the new tax regime now live, Digitain’s UK sales lead notes that if operators and suppliers can find success in this difficult environment, they can thrive just about anywhere. Tell us about Digitain’s plans for the UK market and why is UKGC certification such an important milestone? Image source: Digitain For Digitain, securing UKGC certification is a strategic milestone that reflects both our readiness and ambition. The UK is among the world’s most profitable iGaming markets, while also being one of the most demanding when it comes to regulation. Achieving compliance here is more than just ticking boxes – it proves that your technology, processes, and approach meet one of the highest global industry benchmarks.  In terms of plans, we are approaching the UK with a long-term outlook. This is not a quick, short-term market entry; it is focused on building sustainable partnerships, offering customised solutions, and growing into a trusted technology provider for operators. As I’ve said before, I challenge operators to share their wishlists with us and let us prove we are the go-to leading problem solver and solutions provider in the space. What is your strategy for the UK market and how will it differ from other regulated markets when it comes to products and solutions? The UK requires a different way of thinking – what works in other regions does not always translate here, and a tailored approach is key. Our strategy is built around three core pillars: localisation, compliance-first development, and retention driven by product innovation.  From a product perspective, UK players have very specific expectations. That means a strong focus on popular sports like football and horse racing, highly competitive odds, and seamless in-play betting experiences are all critical. We are fine-tuning our offerings to meet these expectations while ensuring every feature aligns with UKGC requirements. From our bore-draw feature, to our sports tournaments that engage first-time users, to our AI sportsbook segmentation tool that delivers a personalised player experience for every site user, every feature is carefully designed from a B2C perspective.UK operators are increasingly looking for modern, flexible, and scalable alternatives to traditional platform providers, without sacrificing regulatory standards. With our Centrivo iGaming platform and more than 25 years of sportsbook expertise, we offer a next-generation solution built to elevate operators across the UK, Ireland and wider European markets. The UK also demands deeper integration of responsible gaming tools. This is not just about meeting compliance rules – it is about building trust with both operators and end users. As part of our UK strategy, we are also investing in growing our local team, with plans to build a dedicated hub to support a range of business functions. This ensures operators can benefit from close, on-the-ground collaboration and consistent ongoing support. In short, while our core technology remains consistent, the way it is packaged, presented, and optimised for the UK is highly tailored to local needs. The UK is also one of Europe’s most tightly regulated markets. Why did you want to enter this market and what does this tell us about your compliance capabilities? If you can make it in the UK, you can make it just about anywhere. That is the simple truth. Entering such a tightly regulated market is both a challenge and a statement. For Digitain, it is a way to demonstrate that compliance is not an obstacle, but a core competency. We are here to show the global iGaming community that we are a major player across all regulated markets. Successfully delivering a full turnkey platform in this environment is a clear indicator of both our product maturity and organisational readiness. We have put significant work into building a compliance-first culture across all our teams. This covers everything from internal processes to the architecture of our platforms. UKGC certification is essentially external validation of that work. What are your targets and objectives for the UK market and where do you hope to be in the next 12–24 months? Over the next 12–24 months, we aim to strengthen Digitain’s presence in the UK and Western Europe by establishing ourselves as a trusted, long-term technology partner for both online and retail marketplaces. Our focus will be on delivering scalable solutions, advanced risk management, and personalised player engagement, all while maintaining full compliance and providing innovative, end user-centric services. We also plan to expand our current UK office into a full regional headquarters, bringing together commercial, trading, product, and account management teams. This local presence will enable closer collaboration with UK and Irish operators, ensuring hands-on support and continuous open dialogue. Ultimately, our goal is for Digitain to be recognised as a premium, reliable and innovative provider, trusted by operators across all regulated markets This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   It has become a recurring theme: a prominent UK footballer signs an endorsement deal with a betting firm that is ostensibly not intended for the British market. Following in the footsteps of Michael Owen, who partnered with Punt Casino, and Teddy Sheringham, who worked with 8xBet, the latest high-profile figure to join this trend is Steven Gerrard, a legend of Liverpool FC. Gerrard, who captained Liverpool to their 2004 Champions League victory, has been named the new brand ambassador for We88, a gambling operator largely unknown to the UK public. This brand should not be confused with W88—the sponsor of Sunderland FC—but it represents the same growing pattern of Asia-focused, unlicensed operators securing high-profile sponsorships with UK-linked football clubs and players. Like W88, We88 is not licensed by the Gambling Commission. It operates under an Anjouan license and is owned by MockingBird Technologies Pte. Ltd. Ostensibly, the brand is designed for Asian markets and is not intended to be accessible to UK users. While that may be the stated intent, the situation is complicated by the fact that Gerrard promoted the partnership on his personal Instagram account, which reaches thousands of UK followers. Furthermore, the We88 website can be easily accessed from the UK using a simple VPN. View this post on Instagram A post shared by Steven Gerrard (@stevengerrard) This raises concerns regarding the responsibility of public figures when choosing partners, particularly when dealing with unlicensed gambling, where the risk of addiction is significantly heightened. As part of the commercial arrangement, We88 has featured Liverpool FC jerseys on its marketing materials, despite having no official partnership with the club. SBC News has contacted Liverpool for a statement. The UKGC has previously cautioned English clubs against collaborating with unlicensed betting entities, citing previous examples such as the deals between Kaiyun Sports and clubs like Nottingham Forest and Crystal Palace. A spokesperson for the Gambling Commission stated that they do not comment on specific cases. However, the regulator noted that “Anyone who engages in advertising arrangements with unlicensed gambling operators is at risk of committing the offence of advertising unlawful gambling under section 330 of the Gambling Act 2005. “Anyone engaging in such arrangements with an unlicensed brand must ensure that online gambling activity for that unlicensed brand is blocked and inaccessible to consumers in Great Britain.” Is there any answer to the unlicensed question? It is widely acknowledged that offshore gambling platforms lack the essential protections required to prevent harmful gambling behaviors, unlike the strict responsible gambling standards mandated for licensed operators. UK-based gambling charities, such as Deal Me Out, have repeatedly warned about the significant revenue lost by both consumers and the Treasury to operators that function outside the oversight of the UKGC. The impact of the black market extends to various industry stakeholders as well. Two years ago, SBC News reported that an advertisement for an Asia-facing platform appeared on the website of the International Betting and Gaming Association (IBIA). Currently, a profile for We88 is visible on the Gordon Moody website. The charity, which provides treatment for problem gambling, has been contacted for comment. Finally, the Department for Culture, Media and Sport (DCMS) has initiated a consultation regarding a potential total ban on black market operators in British sports. Despite these efforts, offshore firms continue to pursue partnerships with UK football stars and utilize club branding. This prompts the question of whether legislative changes are necessary to prevent influential figures from entering into these deals, which are often unpopular with fans—though it remains unclear how many supporters distinguish between licensed and unlicensed operators. Regardless, Gerrard’s followers have made their opinions on the new partnership clear. Comments under Gerrard’s post Want to hear more stories like this? Check out the new SBC Media YouTube Channel, the new home of all things multimedia at SBC, where our team deep-dives into the biggest stories from across the sports betting, iGaming, affiliate and payments industries. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   This morning, Prime Minister Anthony Albanese announced that Australia will put in place “strong and decisive measures” to limit gambling advertising and safeguard young people and other vulnerable groups. An issue that has plagued Albanese’s tenure as Prime Minister since 2023 has been resolved, with the Labor government committing to support five measures designed to drastically reduce the Australian public’s exposure to gambling advertisements. Starting January 1, 2027, the government will restrict gambling advertising on broadcast television to no more than three ads per hour between 6 a.m. and 8:30 p.m., alongside a full ban on such advertising during live sports broadcasts within those hours. This key reform directly targets what gambling reformers describe as the “normalisation loop” between sport and betting — an issue that has driven a nationwide campaign calling for federal intervention. Labor’s reset is built around five core restrictions that redefine how, where and to whom gambling marketing can be displayed: Broadcast TV limits: No more than three gambling ads per hour between 6 a.m. and 8:30 p.m. Live sport blackout: Complete ban on gambling ads during live sports broadcasts within the 6 a.m. to 8:30 p.m. window Radio watershed: Prohibition on gambling ads during school commute times (8–9 a.m. and 3–4 p.m.) Digital controls: Online ads restricted to logged-in, age-verified (18+) users, with mandatory opt-out options Sporting environment bans: Removal of gambling ads from stadiums and from players’ and officials’ uniforms Further measures will see the government impose a ban on using celebrities and professional athletes in gambling promotions, alongside prohibiting “odds-style” advertising targeting sports fans. Collectively, these measures aim to dismantle the environment Albanese described where “kids grow up thinking that footy and gambling are the same thing.” Breaking Links Following a two-year delay in rolling out federal reforms, Labor believes its measures will redefine the cultural boundary between sport and wagering — without imposing a blanket ban on gambling advertising, as had been anticipated in 2023. In the absence of a unified federal framework, Australia’s media channels have become saturated with gambling content, including in-play odds, sponsored segments and personality-led betting promotions. Albanese notably rejected the Murphy Report’s 2023 recommendations, which called for a phased three-year approach to implement a blanket ban on gambling advertising. The decision drew criticism at the time and split party ranks, with reformist camps arguing the government had delayed reforms to appease media networks. The issue reached a boiling point last year as the Alliance for Gambling Reform (AGR), led by Tim Costello, launched a campaign backed by 101 Australian sports and media figures calling for a full ban on gambling advertising. By siding with major TV networks, the Labor government faced criticism for allowing gambling to remain embedded in the fabric of sports consumption. Minister for Communications and Sport Anika Wells stated that from 2027, families should be able to watch sport “without being bombarded by gambling advertisements.” However, the reforms stop short of a full advertising ban — highlighting the government’s balancing act between public health objectives and the commercial realities of Australia’s sports and media sectors. Albanese reiterated this position: We’re getting the balance right here, letting adults have a punt if they want to but also making sure Australian children don’t see betting ads everywhere they look. “What we don’t want is kids growing up thinking that footy and gambling are the same thing.” Yet the cumulative impact is significant. Removing live sports advertising slots alone will strip out premium opportunities, while digital restrictions introduce friction into acquisition strategies that have historically relied on broad targeting. The key question now is how operators respond — whether through CRM-led engagement, product differentiation or increased investment in compliant, first-party marketing ecosystems. Secondary Measures Additional measures include: Crackdown on online lottery-style products deemed harmful or misleading Ban on online keno products (“pocket pokies”) Standardisation of match-fixing offences nationwide Enhanced enforcement against illegal offshore operators Continued development of BetStop, the National Self-Exclusion Register Expansion of financial counselling services for those impacted by gambling harm Increased public awareness campaigns on the risks of online gambling These interventions signal a broader policy shift — positioning gambling harm as a public health and social welfare issue, rather than solely a regulatory concern. Minister for Social Services Tanya Plibersek reinforced this stance, linking gambling harm to wider societal impacts, including family breakdown and domestic violence. Albanese: Trust the Process The government must now draft legislation, with industry consultation and regulatory design expected to shape the next 12–18 months. The January 1, 2027, start date provides a transition window for media owners to adapt to new compliance frameworks and commercial realities. Broadcasters, sports bodies and digital platforms will be given time to offset lost revenues tied to gambling partnerships, while operators face the challenge of re-engineering marketing strategies within tighter constraints. Wells concluded: “From 1 January next year Australians will be able to sit down with their families and cheer on their favourite team without being bombarded by gambling advertising. “Our reforms will break the connection between wagering and sport, minimise children’s exposure to wagering advertising and reduce its saturation across the internet, radio and TV channels. “Australian parents, families and sports fans have been calling for action, and we thank all those involved for their continued engagement and advocacy as we’ve worked continuously to get the settings balanced and right.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Iowa legislators are pursuing a measure that no other state has yet undertaken – enacting a bill to regulate prediction markets. This move is poised to create significant disruption within the event contracts industry, as operators argue they are already overseen at the federal level and that federal law supersedes state-level gambling rules. Prediction Markets Are a Point of Contention Prediction markets represent an innovative type of trading platform where participants can exchange contracts based on future events. Users essentially purchase shares that correspond to "yes" or "no" outcomes for specific occurrences, which can cover a wide spectrum from sports to political events. These platforms fall under the regulatory authority of the Commodity Futures Trading Commission (CFTC), permitting them to operate across all 50 states. Nonetheless, critics within the industry contend that event contracts are nearly identical to sports wagering and that prediction markets, in their current state, constitute a form of gambling that lacks proper oversight. Furthermore, detractors have asserted that prediction markets are susceptible to insider trading and may even incentivize the manipulation of the events themselves. These issues have resulted in numerous legal disputes and conflicts, leaving the precise future of prediction markets uncertain. Iowa is now pioneering a novel strategy by moving forward with a bill that, should it become law, would impose state-level regulations on these markets. An Unprecedented Approach Senate File 2470 is legislation designed to regulate prediction markets. If enacted, it would ban any prediction market operator from functioning without a license issued by the Department of Revenue. This regulatory structure would also mandate that providers of event contracts pay taxes within the state of Iowa. The legislation was introduced by Senator Mike Kilmesh in January. It specifies a 20% tax rate on prediction markets, with the majority of the revenue directed to the state's general fund. Additionally, the proposal would obligate prediction markets to pay an entry fee to operate in Iowa. An initial draft of the bill set licensing fees at $10 million, a figure that was later increased to $20 million in updated versions. Platforms would also be required to pay an annual $100,000 fee for license renewal. The bill has recently been approved by the Iowa Senate with strong backing, receiving 45 votes in favor from the 46 members present. Consequently, it will now proceed to the House of Representatives for additional consideration. Meanwhile, recent studies indicate that a significant number of Americans either perceive prediction markets as a type of gambling or feel the industry should be subject to comparable regulations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Despite the closure of their former workplace, 15 Tata Steel workers have maintained their bond in South Wales and are now set to receive a substantial GBP 1 million from the lottery, which equates to approximately $1.32 million. 15 Ex-Workers Kept Together for Years – and They Won a Million-Plus Jackpot The group of friends managed to stay connected, each contributing £5 to every lottery draw. This consistent effort has now paid off, with each of the 15 winners entitled to a share of the grand prize amounting to GBP 66,666, or roughly $88,094. Paul Davy, aged 61, was the driving force behind the friends' lottery syndicate, successfully keeping all 15 individuals involved over the years through regular emails and conversations, both online and in person. Davy admitted that his initial motivation wasn't solely about winning; he primarily aimed to stay in touch with his former Tata Steel colleagues. He even viewed the lottery contributions as a way of "donating to charities," given that lottery proceeds typically support good causes. Therefore, his astonishment was immense when he discovered that the group of friends had clinched the $1.32-million jackpot. He conveyed his disbelief to the lottery organizers, stating he could hardly comprehend the news. His immediate thought? "It must be an error," Davy confessed. Many of the winners reside in close proximity, and some of the named winners include Gill Furlong, Christine Davies, Sally Wise, Julie Lambert, Allan Evans, Ian Howells, and Raja Prasad. Davy has expressed that this lottery win will provide an opportunity for the group to reunite and celebrate their success. Allwyn, the operator of The National Lottery, shared their enthusiasm for this well-deserved win going to such a deserving group. Allwyn is Happy to See Such a Great Story Facilitated by the Lottery  Andy Carter from Allwyn commented: "A huge congratulations to the whole group; we wish them many more happy memories ahead." While the closure of the Tata Steel factory presented challenges for the friends, the fact that they met there has now paved the way for significantly positive developments in their lives. The winnings are expected to substantially enhance the lives of all involved. The winners have shared their intentions, which include paying off outstanding mortgages, embarking on holidays, investing in home renovations, and perhaps even purchasing new cars. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Sportradar AG is confronting legal allegations that its management and distribution of official sports data from major leagues are unfair and biased against competing sportsbook providers. Altenar, a Malta-headquartered sportsbook solutions firm, has confirmed filing multi-million-pound legal actions against the Nasdaq-traded sports data and tech company. The claims have been submitted to the US District Court for New Jersey and London’s High Court, where Altenar accuses Sportradar of misusing its role as a primary data partner to leading US sports leagues. The St Gallen-based global sportstech company boasts an extensive partner list that includes the National Hockey League (NHL), National Basketball Association (NBA), Major League Baseball (MLB), and the Association of Tennis Professionals (ATP). Altenar argues that Sportradar has limited access to critical live data and betting odds, violating both Section 2 of the Sherman Act and the UK Competition Act. The provider additionally asserts that Sportradar has refused it access to vital data needed to run its sportsbook platform—like data supporting odds calculation—and accuses Sportradar of prioritizing its own offerings and chosen partners, which distorts market competition. Legal filings cite: “Sportradar is trying to maintain its market dominance by unfairly eliminating its competitors. It is relying on its monopoly on sports data to squash businesses with a competing offer, despite previously decrying other companies for doing exactly the same.” Altenar maintains that Sportradar has created a ‘structural barrier’ to its ability to offer a sportsbook platform by withholding or limiting access to key data from popular sports leagues. Among the ‘big four’ leagues, the NFL is the only exception, as its official data rights are owned by competing firm Genius Sports. At the heart of the dispute are Sportradar’s data and intellectual property partnerships with major US sports leagues; the company has secured and repeatedly extended “exclusive data and innovation” deals with the NBA, NHL, and MLB. Sportradar is no stranger to competition-related allegations This isn’t the first instance where Sportradar has come under scrutiny for competition-related issues. Sportradar’s purchase of IMG Arena was reviewed by the UK’s Competition and Markets Authority (CMA) over possible violations of the nation’s competition laws, though the regulator eventually approved the deal. In March 2025, Sportradar was also named in a lawsuit in Texas, along with its main competitor and fellow sports data leader Genius. The plaintiff, PANDA Interactive, claimed that the pair had stifled competition by restricting access to the sports data they officially controlled. In Altenar’s case, the Isle of Man-based company argues that Sportradar is misusing its ‘exclusive rights’ to benefit its own sports betting solutions—such as those offered via the 2022-launched ORAKO platform—and the offerings of NSoft, which it acquired in 2022. Altenar is seeking a court order to put an end to what it calls Sportradar’s ‘refusal to supply’, as well as millions of pounds in damages. It has hired Cahill Gordon & Reindel LLP to represent it in the US and Geradin Partners for its UK case. “Sportradar is trying to maintain its market dominance by unfairly eliminating its competitors,” an Altenar spokesperson said. “It is relying on its monopoly on sports data to squash businesses with a competing offer, despite previously decrying other companies for doing exactly the same. “We remain open to discussions with Sportradar, but its unilateral and aggressive actions have left us with no choice but to take legal action.” Altenar’s legal challenge carries significant implications. The company is pushing for legal action to define the limits of ‘exclusive terms’ in data partnerships, ensuring that official sports league data is distributed in a ‘fair manner’ free from conflicts of interest. On the other hand, if Sportradar successfully defends itself, it would strengthen the existing model, solidifying the position of established data providers and creating additional barriers for new entrants. A key term Sportradar might use in its defence is ‘exclusive’: if the company holds exclusive rights to a sports league’s data, shouldn’t it have the right to decide who gets access to that data? Sportradar provided the following response to SBC, on Altenar’s legal proceedings: “While we prefer not to comment on pending litigation, we strongly disagree with the claims made by Altenar, which we believe are without merit and contain numerous inaccuracies. Sportradar will address these through the legal process. We encourage stakeholders to rely on our public disclosures and SEC filings for a complete and accurate view of our business.” ________________ Interested in more stories like this? Visit the new SBC Media YouTube Channel—SBC’s new hub for all multimedia content—where our team takes an in-depth look at the top stories from the sports betting, iGaming, affiliate, and payments sectors. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Missouri legislators are revisiting the debate regarding the fate of slot-style machines located in gas stations and small enterprises, and on this occasion, voters might ultimately make the decision. “It Is Something That Belongs on the Ballot” The president of the Missouri Senate, Cindy O’Laughlin, thinks that placing the matter on a statewide ballot could be a sound approach, providing residents with the chance to determine if they want these devices legalized and regulated. This concept emerged during a legislative hearing aimed at finding the most effective way to handle the rapid proliferation of so-called “gray market” gaming devices across the Show-Me State. These devices, frequently referred to as video lottery terminals, have existed in a legal gray area for years. While proponents argue they should be formally brought under state supervision and taxed appropriately, opponents insist they should be eliminated entirely. “Perhaps this is a matter that should be placed on the ballot,” O’Laughlin remarked during the debate. “If the decision were mine, I would have removed them all by this point.” Regulation Might Restore Order and Increase Tax Revenue Following a recent federal judge’s ruling, many of these units qualify as illegal gambling devices under Missouri law, potentially paving the way for more severe enforcement measures against their operators. Concurrently, legislators are examining bills that would replace unregulated machines with a state-managed system. Comparable proposals have circulated for years, frequently encountering strong resistance in the Senate even after passing the House with ease. A definitive resolution is needed urgently, especially given that these machines are currently generating substantial income in bars, convenience shops, and other venues where they are readily accessible. Some officials suggest that regulating VLTs would generate more business and enhance tax revenue. Conversely, advocates campaigning against these devices have raised concerns about the expanding access to gambling in commonplace environments. Due to worries regarding the extensive spread of these machines, Missouri officials initiated a statewide enforcement crackdown in mid-March. As reported by Missouri Attorney General Catherine Hanaway., targeted gas stations and liquor stores were issued strict deadlines to dismantle or power down the equipment. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Gibraltar has made a landmark move into a rapidly growing segment of the digital economy by granting its first license for a prediction markets operator. This step is part of the territory’s wider strategy to expand past its traditional core sectors of online gambling and financial services, while also addressing rising economic pressures. Gibraltar Prioritizes Innovation With Fast-Track Approval of New Prediction Market License The announcement was made public during a parliamentary session, where officials confirmed that the relevant application had completed its processing. The accelerated approval timeline makes clear the territory’s explicit goal to remain competitive in emerging industries and draw in cutting-edge business models. While authorities have not publicly named the license recipient, industry focus has shifted to Predict Street Ltd, which appears on the government’s official register as an approved betting intermediary. Per Malta Media reports, even though this link has not been formally confirmed, the listing has sparked widespread speculation that the firm is the holder of the newly issued license. This decision comes as Gibraltar is adapting to adjustments to the United Kingdom’s gambling taxation framework. The recent rise in UK gambling duties is projected to impact operators based in Gibraltar, many of which rely heavily on access to the British market for their revenue. Government representatives noted that embracing emerging sectors like prediction markets could help offset potential revenue declines and support long-term economic stability. Growing Prediction Market Sector Faces Inconsistent Regulatory Stances Across Europe Prediction markets operate as platforms where users place wagers on the outcomes of real-world events, ranging from sports competitions to political developments and economic shifts. Pricing on these platforms reflects the collective forecasts of participants, positioning the operating model somewhere between financial trading and traditional betting. This hybrid nature has created significant regulatory challenges. Across Europe, governing bodies have adopted conflicting positions: several countries have chosen to restrict or fully ban these platforms outright, while others have moved to support their operation. Common concerns center on whether these services should be classified as financial instruments or governed under gambling legislation. In contrast, Gibraltar has opted for a more open approach by integrating prediction markets into its existing regulatory system. Officials believe that rolling out a controlled framework will support innovative new ideas, while still maintaining proper oversight and consumer protection measures. Interest in the sector is surging rapidly. Major industry players and established betting firms have already begun exploring similar products, while specialized prediction platforms continue to draw high levels of user engagement across the globe. That said, expansion has not been free of controversy, as regulators in multiple jurisdictions have ramped up scrutiny of the space. Predict Street Ltd, the firm believed to be connected to the new license, has shared ambitions tied to high-profile global events including the 2026 FIFA World Cup. The platform is currently preparing for its official launch, and has already started inviting early user registrations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Prediction market platforms are growing in popularity across the United States, but analysts are warning that the sector could soon face major legal and regulatory hurdles that could alter its future trajectory. Lax U.S. Oversight Drives Growth of Prediction Markets Per a recent investor note from Jefferies analyst David Katz, the industry is reaping benefits from lenient oversight from the Commodity Futures Trading Commission (CFTC). This more relaxed regulatory approach has let operators expand rapidly when compared to the heavily regulated traditional gaming industry, which charges steep licensing fees and has strict, comprehensive compliance rules. Katz noted that prediction market firms operate under fewer constraints. Unlike sportsbooks and casinos, they are not required to implement policies like betting limits, self-exclusion initiatives, or responsible gambling communications. Additionally, they face significantly lower tax and licensing expenses, which creates a more favorable operating environment in the short run. Nevertheless, this benefit could prove temporary. Multiple legal disputes are unfolding at the state level, with regions including Nevada, Ohio, Massachusetts, and California challenging the legality of event-based contracts. These cases address core questions, such as whether prediction markets fall under federal authority or should be classified as gambling and regulated by individual states. Katz predicted that these disputes will likely escalate, with a high likelihood that the U.S. Supreme Court will hear one or more of these cases as early as 2027. The ruling could have a major impact on the industry, and current signs point to states holding the upper hand in multiple scenarios. Legal Hurdles Could Redefine the Future of Prediction Markets In Nevada, regulators contend that federal oversight does not preempt state gaming laws. Meanwhile, legal fights in Massachusetts and Ohio center on how event contracts should be categorized under current financial regulations. In California, tribal gaming groups are arguing that these platforms violate their exclusive rights granted under federal law, a stance that analysts consider to be well-founded. The analyst laid out varying odds of negative outcomes for prediction market operators, spanning from moderate to extremely high, depending on the specific case. A ruling against the industry could compel companies to limit their offerings, especially for sports-related contracts, or adhere to more stringent local regulatory requirements. Even with these risks, short-term outlooks remain positive. Both established operators and new entrants are continuing to explore opportunities in this space, with some shifting their focus to non-sports events to lower their exposure to legal disputes. This segment has already demonstrated growth, pointing to a potential path forward. Katz also pointed out that major sportsbook operators stand to benefit regardless of the outcome. If prediction markets receive full legal approval, large established firms would gain dominance thanks to their size and resources. On the other hand, if courts restrict the sector, traditional operators would face less competition. While the industry’s rapid growth has drawn attention, its long-term trajectory will depend on how U.S. courts and lawmakers decide to define and regulate this emerging form of trading. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Robinhood has initiated a fresh legal action in Washington, aiming to secure safeguards against state authorities. This move occurs as the controversial prediction markets industry faces increasing scrutiny. The legal filing coincides with an independent dispute involving the state and Kalshi   Although prediction markets assert they are venues for trading event-linked contracts rather than gambling, regulatory bodies and tribal […] This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   The expansion of prediction markets has made the prospect of a Wall Street powerhouse entering a sector typically associated with gambling firms appear far more realistic. JPMorgan Chase CEO Jamie Dimon has acknowledged that the bank is investigating the integration of prediction platforms into its service portfolio. Nevertheless, any such venture would need to be a highly scrutinized risk. Dimon Establishes Clear Limitations While JPMorgan Chase has not yet set a launch timeline, provided product specifics, or fully committed to a strategy, Dimon’s recent comments during a CBS Evening News interview signal that major financial firms are paying closer attention to a field that has grown rapidly despite ongoing legal disputes and controversies. Dimon defined rigid boundaries for any potential expansion. He insisted that any JPMorgan foray into prediction markets would strictly avoid contracts related to politics or sports. These categories have become increasingly contentious, sparking worries regarding reputational harm, insider trading, and market manipulation. For a financial institution subject to heavy regulation, these risks are considered untenable. We are not going to participate in sports or politics. There are many things we will stay away from. Furthermore, we have very strict protocols concerning insider information. Jamie Dimon, JPMorgan Chase CEO Even so, the fact that a leading institution is expressing interest in the prediction industry highlights a significant market shift. Once considered niche, platforms such as Polymarket and Kalshi are now part of mainstream financial conversations. Their diverse contract offerings have attracted a wide range of participants and resulted in several prominent partnerships. The Persistent Issue of Insider Trading Advocates suggest that prediction markets serve as a novel forecasting resource, while detractors argue they are simply gambling under a different name. Dimon’s perspective is somewhere in the middle. While he conceded that much of the activity on these platforms looks like gambling, he pointed out that participants utilizing expert data and strategic positions could be categorized as investors. JPMorgan is already implementing measures to address the more controversial elements of prediction markets. The bank is currently evaluating how its staff interacts with these platforms and is weighing the implementation of new internal policies. Even the hint of insider trading could lead to significant issues. In a market centered on predicting real-world results, having access to private information can quickly turn into a liability. Securing an early position in the prediction market could offer notable advantages for JPMorgan. Industry experts anticipate that these platforms will follow a path similar to the regulated sports betting industry, which underwent major consolidation as it evolved. Those who move early may help define the legal and cultural standards of these markets. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   A new nationwide survey has intensified the conversation surrounding prediction markets. The data shows a significant portion of the American public views platforms such as Kalshi and Polymarket as betting in a new form, not as an innovative financial instrument. The research also highlighted widespread doubt, especially concerning prediction markets tied to sporting events. Participants Were Worried About the Impact on Teenagers ​The March survey, commissioned by the advocacy organization Gambling is Not Investing and carried out by Morning Consult, included over 15,000 participants from around the United States. A decisive majority of those surveyed, 81%, feel that wagering on sports results via these platforms represents another form of gambling. This perspective cuts across all age groups and political affiliations, suggesting the issue is not ideological. Those polled also voiced significant concerns regarding the effect of prediction markets on youth. 77% expressed concern that platforms permitting teenage access could result in lasting harm related to gambling. In contrast to licensed sportsbooks, which generally mandate users be 21, certain prediction market firms function under different regulatory frameworks, prompting questions about supervision and responsibility. Terminology seems to be a key factor in shaping perceptions of these products. The prediction market sector often employs terms like “event contracts,” “futures,” and “swaps.” Yet, 73% of participants concurred that this language makes it harder for individuals, particularly younger ones, to grasp the associated risks. Critics contend this technical jargon obscures what they see as essentially a type of betting. Prediction Markets Face Rising Scrutiny ​Mick Mulvaney, a former White House chief of staff currently heading Gambling is Not Investing, framed the issue in clear terms. He stated that products which look like gambling ought to be supervised identically. His group has called publicly for more defined rules, warning that the present lack of clarity may erode current protective measures. ​Prediction markets are attempting to present their sports betting offerings as financial investments, deceiving the public and evading consumer protections such as age restrictions. Mick Mulvaney, Gambling is Not Investing executive director Earlier figures indicate prediction markets are still a specialized product even as their profile grows. A different poll from Ipsos revealed only roughly 20% of Americans comprehend how these platforms operate. Conventional sportsbooks, by contrast, enjoy much broader public awareness. Significantly, 59% of respondents agreed that prediction markets should be subject to the same regulations as gambling firms. ​These findings emerge at a pivotal moment for prediction markets, which are working to achieve broader acceptance. Leading platforms Kalshi and Polymarket assert their products are legitimate financial instruments regulated by the Commodity Futures Trading Commission (CFTC), not state gambling boards. This classification is hotly disputed, with multiple state regulators having initiated court actions. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Robinhood has initiated a new legal action in Washington, aiming to secure protection from state-level agencies. This move comes as the controversial prediction markets sector faces mounting pressures. The Lawsuit Is Set Against a Separate Dispute Between Washington State and Kalshi   While prediction markets position themselves as platforms for trading event-linked contracts rather than gambling, U.S. regulators and tribal entities have firmly stated that this model is either gambling or closely resembles it. As a result, prediction market operators are encountering increasing regulatory pushback, with some currently navigating legal challenges in multiple states. At the same time, industry advocates argue that prediction markets are CFTC-regulated products and thus fall outside the jurisdiction of state regulators. In Washington, Robinhood filed a lawsuit to obtain relief from state authorities like the attorney general and the Washington State Gambling Commission. Robinhood’s proactive lawsuit cites the state’s action against Kalshi as an example, seeking to avoid the threat of fines, restitution, and an injunction. The platform noted that Kalshi’s struggles could affect it too, given that it routes customer trades through Kalshi and other exchanges. Robinhood further emphasized that its operations comply with federal law and that trading should be regulated at the federal level. It also asserted that legal action against its business could force it to close markets at unfavorable prices and deny traders access to their open positions. Prediction Markets Confront Growing Pressures The legality of prediction markets and whether state gambling regulators have authority over their operations is just one part of the controversies surrounding this sector. Other concerns include the industry’s potential for insider trading (due to the wide range of markets offered) and the risk of outcome manipulation. For instance, the NFL recently asked prediction market platforms like Kalshi and Polymarket to stop offering trading on certain high-risk events that could be easily manipulated. It listed events a single person could alter, predictable outcomes, officiating-related incidents, and inherently objectionable topics as examples of markets it deems vulnerable to manipulation. Furthermore, recent studies show that many participants either view prediction markets as a form of gambling or believe they should be subject to similar regulations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   In a formal communication, the NFL called on prediction market operators, including Kalshi and Polymarket, to cease hosting wagers on events that are susceptible to manipulation or can be anticipated beforehand. NFL Issues Letters to Prediction Markets Operators These markets include occurrences such as broadcast commentary, celebrity game attendance, and results related to the upcoming draft. The NFL stated that its objective is to protect players, personnel, and other game participants from “unfair and unwanted allegations” stemming from gambling and prediction platforms. The league specifically highlighted concerns regarding four areas: events susceptible to individual manipulation, such as missed field goals outcomes that can be foreseen, such as coaching changes, player acquisitions, and draft picks matters involving officiating subjects deemed “inherently objectionable,” such as fan safety and player injuries While many of the NFL’s concerns align with existing restrictions it imposes on traditional sportsbooks, the league also voiced apprehension regarding markets centered on celebrity appearances and broadcaster remarks—types of propositions typically not found at standard sportsbooks. Officials Comment on the Matter NFL executive vice president Jeff Miller noted that certain parties might possess information that could be exploited illegally. Through this letter, the league aims to distance itself from wagers that could be influenced by such insider knowledge. Miller added that the correspondence follows months of dialogue between the NFL and the Commodity Futures Trading Commission (CFTC), the federal body overseeing prediction markets. Although no formal agreement exists between the NFL and the CFTC, Miller indicated that the league believes the regulator understands its position. In response, Polymarket stated it is eager to collaborate with sports leagues to protect both the fan experience and the integrity of the games. The platform recently implemented new anti-insider trading policies, which Neal Kumar, Chief Legal Officer of Polymarket, described as an effort to establish clear expectations for all users. Under the leadership of its new chair, Michael Selig, the CFTC has adopted a more proactive approach regarding which markets are acceptable. Selig noted that while previous administrations prohibited sports-based trading, it has always been legal, and he emphasized the necessity of the agency working alongside sports leagues as these markets evolve. Some professional sports organizations have already begun to integrate with prediction markets, most notably the MLB, which recently entered into a partnership with Polymarket. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   As a voluntary self-regulatory move, many gambling and sports betting operators are rolling out bans to bar customers from using credit cards on their platforms. While some have argued this change could hurt operators' revenue, experts say the impact will be negligible. Experts Share Their Views On This Industry Practice Jordan Bender, an equity research analyst at Citizens JMP Securities, explained that the overall impact of the bans is expected to be “minimal.” He noted that DraftKings stopped allowing credit card deposits in September, and betting volume saw no material change in the months following the policy adjustment. At the time, the company’s messaging indicated that the positive effect of reduced processing fees was not large enough to meaningfully alter overall business performance. Sam Ghafir, an analyst at Macquarie Capital, stated that the impact is expected to be relatively small, especially over the long term. Multiple U.S. states have already banned credit card deposits for betting, and Flutter Entertainment reported no material impact from removing credit card deposits during its latest earnings call. Ghafir also added that these credit card deposits tend to “punch above their weight,” as new users and casual bettors are the most likely to use them. He further noted that credit cards are typically linked to smaller, more frequent deposits, as well as in-play and impulse betting. However, full legal prohibitions on credit card deposits are already in place in Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont. New Jersey is currently exploring a potential ban on credit card use for gaming, while states including New York, Illinois, and Virginia are also drafting similar regulatory proposals right now. Gambling Operators Are Moving Faster Than States On This Issue As Bender pointed out, DraftKings implemented its full credit card ban in August 2025 across all its U.S. sports betting and iGaming platforms. According to the company, this is a “strategic business decision” designed to help customers avoid extra unnecessary fees. FanDuel followed suit in February 2026, announcing that its nationwide U.S. credit card ban would go into effect on March 2. FanDuel’s decision came less than a week after Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to major sports betting operators requesting details on what she described as “abusive credit card betting fees that rip off Americans using sport-betting platforms.” BetMGM is the most recent operator to join the trend, as the company is in the process of phasing out credit cards as a funding option for customer accounts and no longer accepts new credit card deposits. Interestingly, Fanatics has actually been a leader in this area, as the company has not permitted credit card deposits since it launched its sportsbook in 2023. According to a spokesperson, a “no credit cards” policy was a foundational principle for the platform. They also confirmed the company has never accepted a wager via credit card, and expressed satisfaction that the broader industry has since adopted a similar approach. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.