The Colorado Limited Gaming Control Commission imposed a $20,000 fine on Fanatics Sportsbook for sending promotional messages to a VIP user who had self-excluded from all online sports betting services. …
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Latest in Regulatory Action
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Regulatory Action
UK Election Betting Scandal: Insights into Insider Information Risks
by Sienna Marques 2 minutes readThe UK’s election betting scandal has escalated from a political embarrassment to a significant test for the country’s gambling integrity framework. Over two years after the initial suspicious wager was …
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Regulatory Action
Gambling Commission Suspends BresBet and Bet St George Licenses
by Sienna Marques 2 minutes readThe Gambling Commission has suspended the operating licenses of BresBet Ltd and Bet St George Ltd, citing potential breaches of social responsibility regulations and anti-money laundering (AML) controls. This action …
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Regulatory Action
Canada’s Tough Stance on Sports Prediction Markets
by Sienna Marques 3 minutes readFederal financial regulators in Canada are taking a firm stance on prediction markets related to sports events, contrasting sharply with the approach of U.S. regulators. The Canadian Securities Administrators (CSA) …
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Regulatory Action
Estonia to Review Online Gambling Tax Cut Amid Budget Pressures
by Sienna Marques 1 minutes readEstonia is set to expedite a review of its online gambling tax cut, prompted by mounting budgetary pressures that have cast doubt on the effectiveness of the reduced tax rate …
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Regulatory Action
Kalshi’s Nevada Appeal Verdict Sustains State Gambling Regulations
by Sienna Marques 1 minutes readThe Ninth Circuit Court has upheld Nevada's authority to enforce its gambling laws against Kalshi. The court determined that Kalshi could not establish that federal commodity laws take precedence over …
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Regulatory Action
Trump’s Teleprompter Operator Avoids Jail Time for Insider Trading
by Sienna Marques 2 minutes readGabriel Perez, the teleprompter operator for U.S. President Donald Trump, will not serve any prison time following allegations of insider trading on the prediction market Kalshi. The Commodity Futures Trading …
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Regulatory Action
CFTC Fines Trump’s Former Teleprompter Over Insider Trading
by Sienna Marques 3 minutes readThe Commodity Futures Trading Commission (CFTC) has levied a fine of $65,000 against Gabriel Perez, who served as a teleprompter for former President Donald Trump. This penalty stems from Perez's …
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Regulatory Action
Ninth Circuit Denies Kalshi’s Appeal in Prediction Markets Case
by Sienna Marques 3 minutes readOn Friday, the U.S. Court of Appeals for the Ninth Circuit ruled against Kalshi in its appeal against the state of Nevada, marking the operator's second loss in federal court …
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Regulatory Action
‘Dodgy Business’ Concerns Rise as UK Gambling Market Faces Scrutiny
by Sienna Marques 5 minutes readThe streets of Brent, a borough in north-west London, are filled with betting shops and slot arcades, making it a unique example amidst London’s high streets. Brent ranks second in …
