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Kalshi Hires Donald Trump Jr. As Strategic Advisor For Betting Markets

By Oliver Rink Feb 9, 2025

Donald Trump Jr. has been announced as a strategic advisor to Kalshi, a prediction market exchange. Kalshi’s name was often mentioned in the build-up to last year’s American election after the company won a court

Maryland Governor Proposes Doubling Sports Betting Tax to 30% in FY2026 Budget

By Oliver Rink Feb 4, 2025

Gorvernor Wes Moore has proposed to double the Maryland sports betting tax to 30% in his budget highlights for FY2026. The proposals outlined in a comprehensive budget also suggest ramping the gaming table tax rate from

Online Betting In The Balance as Nebraska Hears Testimony

By Mihaela Kirilova Jan 23, 2025

Nebraska legislators heard testimony on Legislative Resolution 20CA, a proposed constitutional amendment that could allow Nebraskans to vote on legalized online sports betting in the state. Senator Eliot Bostar, the

DraftKings Ends NFT Lawsuit with $10M Settlement, Eyes Crypto Future

By Sheldon Muchmore Jan 19, 2025

Sports betting giant DraftKings has agreed to a $10 million settlement to resolve a class action lawsuit alleging that its non-fungible tokens (NFTs) were unregistered securities. The lawsuit, filed in March 2023,

Spain’s Gambling Regulator DGOJ Tackles Identity Theft, Is Blockchain the Answer?

By Mihaela Kirilova Jan 16, 2025

The Spanish Directorate General for the Regulation of Gambling (DGOJ) has commenced discussions with licensed operators in the country to discuss the growing problem of identity theft in online gambling. Following the

ESPN Bet Struggles to Meet Initial Market Share Goals as Penn Expands iCasino

By Sheldon Muchmore Jan 15, 2025

Penn Entertainment has announced revenue of $1.67 billion for the fourth quarter of 2024, an increase from $1.395 billion in the same quarter of 2024. The company has placed significant emphasis on ESPN Bet, its sports

UKGC Targets Black Market Gambling as Stoke-on-Trent Man Faces Charges

By Mihaela Kirilova Jan 14, 2025

A UK Gambling Commission (UKGC) investigation has led to a man from Stoke-on-Trent being charged with providing facilities for gambling without having an operating license. The 39-year-old, named Haydon Simcock, is

Crypto betting firm Stake secures naming rights to Sauber’s F1 Team

By Sheldon Muchmore Jan 2, 2024

Cryptocurrency casino and betting platform Stake will feature prominently in the next two years of Formula 1 after securing naming rights to Sauber’s F1 car. The firm takes over from Alfa Romeo, which did not