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After Kalshi moved to dismiss it, an injunction was granted against the prediction market in favor of Massachusetts.
Judge Barry-Smith has granted an injunction against Kalshi in Massachusetts, preventing the prediction market operator from offering sport-related event contracts due to not having the correct license. The injunction will be filed by the Commonwealth no later than 4pm on January 21...
Robinhood has launched a new custom sports betting offering called “Custom Combos,” which allows multiple selections to be added to a single fixed-odds contract.
The terminology of the custom contract is a noticeable move away from the traditional term “parlay” as the predictions provider makes an effort to distance itself from the sports betting staple.
Robinhood launches Custom Combos
As we...
Twenty-seven US states have backed tribal appellants in a federal gambling law case against Kalshi that could help define the future trajectory of gambling regulation across the United States.
As market analysts and investors continue to pour capital into the fast-growing prediction markets sector, a fundamental legal dispute is unfolding over who has the authority to regulate wagers tied to real...
Finland is seeing major change take place in its gambling market, as a government-issued press release states “Veikkaus Oy’s monopoly on running gambling games will end.”
This comes as the country has agreed upon a new Gambling Act which will see the running of betting games, online slot and casino games, and online money bingo to be opened up to competition through a licensing system.
Finland...
The German-based sports betting and online gambling operator Tipico has been welcomed into the European Gaming and Betting Association (EGBA), as it becomes its newest member.
The EGBA group is a Brussels-based trade association which aims to represent online gambling operators who are established, licensed, and regulated within the EU. It then collaborates with national and EU authorities and...
The United Kingdom’s Gambling Commission has received a decision involving a protracted court case brought by some of the nation’s biggest former gambling bosses.
The civil case centred on legal action brought by the former heads of Ladbrokes and Coral, Kenny Alexander and Lee Feldman, respectively the former CEO and chair of Entain.
UK Gambling Commission and Entain bosses receive decision...
The executive director of the UK-based Gambling Commission has warned of concerns about the illegal market, stating that people who have visited Meta platforms “will more than likely have seen ads appearing in your feed for illegal online casinos.”
Tim Miller goes on to suggest, during his speech at ICE Barcelona, that many of those aimed at users in Great Britain are for the so called ‘not on...
A former senior UK National Health Service (NHS) manager has been sentenced for syphoning £123,000 ($166,000) in funds for personal use, including gambling.
According to the Crown Prosecution Service (CPS), the man, Alec Gandy, pleaded guilty to abuse of position at Wolverhampton Crown Court.
The NHS Counter Fraud Authority (NHSCFA) financial investigation found that Gandy used £92,000 ($124,000...
The market research company Ipsos has looked into how Americans actually feel about the prevalence of sports betting, with nearly half believing that sports betting lessens the integrity of the game.
According to the company, Americans have become increasingly concerned about the industry’s impact yet the share of people who have placed a bet on a live sporting event has doubled since 2023.
In...
The Internal Revenue Service (IRS) has issued a draft update to gambling tax reporting, and a review of the details reveals several noteworthy changes for operators, such as the threshold.
This administrative guidance is the first of its kind for half a century in the corridors of legal and reporting power.
Titled “Instructions for Forms W-2G and 5754 (Rev. January 2026),” the update primarily...