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Novig, the peer-to-peer prediction market, declared a funding round that closed at $18 million.
The main contributors to this round of investment included Forerunner, Y Combinator, NFX, Perceptive Ventures, and Gaingels.
Novig announces $18 million investment round
The prediction market in America is heating up with a list of suitors that allow bettors to stake on markets such as election results...
Police in South Korea have busted a casino extortion ring targeting wealthy individuals. The Gyeonggi Southern Police Agency reported that the criminals were using various methods to bribe and mislead victims.
The Narcotics Crime Investigation Unit, International Crime Investigation Division, carried out the operation.
South Korean police take action against extortionists
A press release from the...
A minor tax change buried in a sweeping federal bill could have outsized consequences for the gambling industry in Nevada, according to experts and lawmakers who spoke at a town hall meeting Monday (August 11).
The so-called “One Big Beautiful Bill” included a provision capping the deduction of gambling losses at 90% of winnings. Previously, gamblers could deduct 100% of losses, meaning someone...
The UFC has just signed a major seven-year media rights agreement deal with Paramount, worth an average annual value of $1.1 billion.
The deal will kick in from 2025 onwards, with Paramount to exclusively distribute UFC’s full slate of 13 marquee numbered events and 30 Fight Nights through its direct-to-consumer streaming platform Paramount+. A select number of events will be simulcast on CBS too...
Bally’s Corporation says it had “milestone achievements and marked progress” in the second quarter of 2025 as it pushes ahead with what CEO Robeson Reeves calls the “new Bally’s 2.0.”
For the three months ending June 30, the company brought in $657.5 million in revenue, which is a 5.8% increase from last year. Casinos and resorts revenue jumped 14.7% to $393.3 million, helped by the February...
The American jockey Joe Talamo was announced this week (August 11) as a new full-time host and racing analyst at FanDuel TV.
The 35-year-old has had over 2,300 career victories and earned $130 million in purse winnings, with more than two decades of racing experience.
Talamo was the first apprentice jockey to win a riding title at Fair Grounds and then went on to secure championships at tracks...
PENN Entertainment has officially opened the all-new $185 million Hollywood Casino Joliet, which replaces the former riverboat property that operated on the shores of the Des Plaines River since 1992.
The opening is reported to have been well ahead of schedule, with it taking place around six months before it was expected.
The ribbon-cutting ceremony on Monday (August 11) saw legislators and area...
The Belgian Institute for Postal Services and Telecommunications (BIPT/IBPT) is seeking input from service providers, which includes gambling firms, on proposed updates to e-Evidence rules.
The BIPT/IBPT serves as Belgium’s federal regulator for electronic communications, postal transactions, and the audio-visual media services of the bilingual Brussels-Capital Region.
The media monitoring body...
The British gambling firm Entain, which owns Ladbrokes, has announced a new creative platform named ‘That’s Ladisfaction.’
According to the brand, the campaign aims to offer a ‘fresh take’ on the personal experience of betting. Ladbrokes has been a brand on the UK high street for over 50 years, with it also having an online presence.
The new term ‘Ladisfaction’ has been coined by the company,...
PointsBet directors have unanimously recommended that company shareholders accept the ‘best and final’ MIXI Australia takeover offer, while rival bidder Betr Entertainment has launched a fresh regulatory challenge.
MIXI confirmed it is willing to shell out AU$1.25 (US$0.82) per share to acquire PointsBet.
The ‘unconditional’ offer was made after approval was granted by the Foreign Investment...