Industry
December 17, 2025
Las Vegas Remains Leading Candidate for NBA Expansion
Las Vegas has long been a potential target for NBA expansion, close enough to feel inevitable, yet far enough away to remain uncertain. This tension became more pronounced when NBA commissioner Adam Silver stated that the league would likely announce its expansion decision sometime next year, signaling that movement is finally coming. League Expansion Presents […]
Industry
December 17, 2025
UKGC Fines Paddy Power Over $2.5M for Social Responsibility Oversight
The UK’s Gambling Commission (UKGC) has fined Paddy Power Betfair GBP 2 million (about $2.68 million) after the gambling watchdog found that the gambling company did not act swiftly enough when customers were displaying concerning betting behaviors. Paddy Power Betfair Fined for Gambling Responsibility Failures Four operators trading under the Paddy Power and Betfair brands […]
Industry
December 17, 2025
IRS Confirms Changes to Gaming Winnings Tax
The US Internal Revenue Service has published an update detailing changes to the federal reporting threshold for casino winnings. This marks the first change to this threshold in over half a century. Casinos to File a Form for Winnings of $2K or More The current framework was last changed in 1977, requiring casinos to submit […]
Industry
December 17, 2025
Feds Urged to Get Involved with Gambling, Prevent Addiction
Sen. Richard Blumenthal is pretty much sure that sports gambling – as things stand – needs more oversight. The idea is to have Congress step in and not restrict gambling as such, but rather set a national strategy that can help tackle some of the issues that the activity has caused, including a presumed increase […]
Industry
December 17, 2025
Crypto.com Folds Prediction Markets in Several States
Crypto.com has sounded a retreat from several markets, one of which is notably Arizona. After the Arizona Department of Gaming issued a cease-and-desist letter to the company and further went after Underdog, cautioning it against offering prediction markets with Crypto.com, there has been a realignment of the latter’s efforts to maintain a presence in sports […]
Industry
December 16, 2025
Finnish Government Approves New Gambling Framework
The Finnish parliament has greenlit the proposed gambling framework changes, paving the way to competitive gaming despite certain opposition to the reforms. This means that the local gaming sector could experience some sweeping changes very soon. The Gambling Reforms Have Reached the President At second reading, the parliament decided to greenlight the proposed gambling reforms, […]
Industry
December 16, 2025
New York Regulators Greenlight Final Bids in Casino License Race
The long-running contest to introduce full-scale casinos to New York City is nearing its conclusion with state regulators formally approving the final three remaining bids. After years of political wrangling, community hearings, and behind-the-scenes negotiations, the New York State Gaming Commission’s vote this week effectively locked in the three projects that will shape the city’s […]
Industry
December 16, 2025
Swedish Gambling Operators Unite Against Proposed Tax Reforms
Sweden’s gambling sector has united in opposition to a proposal that could redraw the country’s tax landscape. A new initiative is pushing for an updated tax framework similar to the recent UK reforms that introduced differentiated gambling tax rates. Swedish industry representatives argue that even if well-intentioned, the change risks undermining consumer protection and accelerating […]
Industry
December 16, 2025
Analyst Examines Underdog’s Arizona License Loss, Says DraftKings & FanDuel Are Safe
An analyst for Citizens has examined the recent revocation of Underdog’s fantasy sports license in Arizona and weighed in on a pressing industry question – Could other operators also be in danger? Underdog Lost Its License Due to Prediction Markets Deal For context, Underdog was recently deprived of its fantasy license in Arizona due to […]
Industry
December 16, 2025
Nebraska Sets Children “Up for Success” with Gambling Winnings
The Department of Health and Human Services (DHHS) has already gathered over $500,000 from gambling winnings via the newly implemented Gambling Winnings Setoff for Outstanding Debt Act. The amount was reached in the first three months of the program, which has been designed to collect money that is owed to the state from gamblers’ winnings. […]
