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The Massachusetts Gaming Commission has issued a letter to the operators that have sports wagering licenses within the state, as they warn against prediction markets as it fights a lawsuit against Kalshi.
In a letter reviewed by ReadWrite, the organization says it is “aware that several Massachusetts sports wagering licensees are considering or have begun the process of partnering with entities...
Emmanuel Clase, a baseball star and pitcher for the Cleveland Guardians, has pleaded not guilty to participating in an illegal betting scheme and has been released on bail. Clase has been accused of rigging prop bets, throwing bad pitches into the dirt.
Prop bets, or proposition bets, are often found in sportsbook apps like DraftKings. Rather than betting on an entire game before it starts, prop...
An all-new multi-year partnership between Polymarket and TKO Group Holdings has been signed, with the prediction market becoming the ‘Official and Exclusive Prediction Market Partner of UFC and Zuffa Boxing.’
The announcement came on Thursday (November 13), with it establishing that Ultimate Fighting Championship (UFC) and Zuffa Boxing will become the first sports organizations to integrate...
Fourteen people have been charged with running a sports betting ring in New Jersey. Announced by the Attorney General, Matthew J. Platkin, the “multimillion” scheme was run by an organized crime operation. It comes as several sports leagues, such as the NBA, have faced similar scandals involving star players.
At the heart of the gambling ring is Joseph M. “Little Joe” Perna. The 55-year-old has...
New York is now formally examining whether it has the power to regulate prediction markets, with State Senator Joseph Addabbo Jr. telling ReadWrite he is already consulting with Senate legal counsel on a review that will guide potential legislative action when the new session begins in January.
In an exclusive conversation with ReadWrite, Addabbo said he is currently working to figure out what...
Mexico’s Ministry of Finance and Public Credit has shut down 13 casinos after a multi-month investigation into organized crime and money laundering.
Working with the Security Cabinet, the Ministry of Finance and Public Credit has identified 13 casinos as part of an investigation into organized crime and money laundering. It uncovered signs relating to cash operations, international transfers, and...
The Gambling Commission has published market impact data on UK gambling behavior and operator data for the first three quarters of 2025.
The UKGC has shared an update to the industry’s data and user behavior for 2025 so far, up to September of this year and covering online and in-person gambling throughout betting premises on UK high streets. The report tracks various industry trends, while also...
Flutter Entertainment has shared its Q3 earnings report, seeing revenue and player numbers rise while cash flow falls, leading to a net loss.
In its Q3 financial report, Flutter reported some highs and lows, with group revenues up 17% year-on-year, reaching a steady $3.79 billion. That’s in no small part due to steady customer growth, with the average monthly players rising by 9% to reach more...
Bragg Gaming Group posted a mixed set of results for Q3 2025, with revenue climbing to €26.8 million ($31.1 million) but taking a noticeable hit in the Netherlands where tighter regulations and higher taxes dragged down performance.
Netherlands regulations reduce Q3 growth for Bragg
The Canadian B2B iGaming company said: “Revenue increase of 20% (excluding The Netherlands)” while noting that “The...
A report by PwC for the Betting and Gaming Council (BGC) shows that increased UK gambling tax and regulation would both reduce tax revenue and encourage illegal offshore betting.
Hot on the heels of the BGC CEO’s warning that increased gambling taxes in the UK could see an uptick in black market operations, a report from PwC commissioned for the BGC has findings that echo his concerns....