Industry
September 11, 2025
ASIC Probes Private Equity Firm for Allegedly Gambling with Investor Funds
Australia’s top financial authority is stepping up its investigation into a private equity group accused of siphoning tens of millions of dollars in investor funds into gambling. The Australian Securities & Investments Commission (ASIC) claims that First Mutual Private Equity raised approximately $53 million from investors between March 2024 and July 2025, presenting their operations […]
Industry
September 11, 2025
Hong Kong Officials Give the Green Light to Basketball Betting
Hong Kong has officially passed legislation that would usher in regulated basketball betting, expanding the territory’s legal betting options. A Historic Moment for the Region Earlier this year, Hong Kong lawmakers put forward a proposal for the legalization of basketball betting. The measure, which has now officially passed, will amend the betting laws to allow […]
Industry
September 11, 2025
PointsBet Encourages Shareholders to Back MIXI’s Takeover Offer
PointsBet has once again encouraged its shareholders to accept MIXI Australia’s takeover proposal. In the meantime, the Australian sportsbook reiterated its skepticism about Betr’s rival offer, citing significant risks. PointsBet Prefers MIXI’s Proposal MIXI Australia, the Australian arm of the Japanese tech giant MIXI, has continued the fight for PointsBet, hoping to acquire the sports […]
Industry
September 11, 2025
Americans Say Prediction Markets Should Be Regulated, AGA Research Finds
According to a report by the American Gaming Association (AGA), research shows strong public support for regulating sports event contracts offered through prediction markets, similarly to other forms of legal, state-regulated sports betting. Americans Say Prediction Markets Should Be Regulated by State Authorities YouGov conducted an online survey on behalf of the AGA from August […]
Industry
September 11, 2025
GambleAware Highlights Significant Increase in People Seeking Gambling Harm Help
GambleAware has published its latest Annual Treatment and Support Survey, highlighting a disconcerting increase in people seeking problem gambling support. While this figure attests to the increased visibility of support services, it also suggests an increase in gambling harm in the UK. Many People Are Seeking Problem Gambling Support The Annual Treatment and Support Survey […]
Industry
September 11, 2025
Mexico Considers Raising Its GGR Tax to 50%
Mexico has become the latest market to consider a gambling tax hike, much to the industry’s discontent. This proposal follows a broader trend that has seen other countries and several US states consider or implement similar measures. Mexico Eyes a Higher GGR Tax In Mexico, finance minister Édgar Amador has proposed significantly increasing the taxes […]
Industry
September 11, 2025
Spain to Introduce an AI-Powered RG System Which Flags Issues in Real Time
The DGOJ, Spain’s gambling regulator, has launched a public consultation that will continue through September 25, 2025. The purpose of the consultation is to help establish a new AI-driven system that flags 60 criteria that could be indicative of gambling-related harm and excessive spending, the regulator explained. Spain Set to Develop a Comprehensive State-Backed RG […]
Industry
September 10, 2025
Publishers Clearing House Winner Might Lose Home Despite $5K Weekly Prize
John Wyllie, a recipient of the Publishers Clearing House (PCH) “$5,000 A Week Forever” prize, has stepped forward, revealing to the media that his supposedly lifelong guaranteed payments have also come to an unexpected end following PCH’s bankruptcy and subsequent purchase by another company. Publishers Clearing House Winner Speaks Out In 2012, John Wyllie was […]
Industry
September 10, 2025
VCU Professor Talks About the Rise of Problem Gambling in Virginia
Carolyn E. Hawley, Ph.D., a professor in the Department of Rehabilitation and Mental Health Counseling at VCU’s College of Health Professions, has gained a deep understanding of the risks linked to gambling through a variety of community-focused research initiatives and shared recent findings on the subject. Hawley Says Problem Gambling Can Be Hard to Identify […]
Industry
September 10, 2025
UK’s Horseracing Industry Goes on Historic Strike Due to Higher Taxes
The UK horseracing industry is staging a strike on September 10 in protest against the Treasury’s proposed gambling tax harmonization, which could raise the betting tax rate to at least 21%. The strike follows the British Horseracing Authority’s (BHA) launch of the #AxeTheRacingTax campaign in July, which came in response to the Treasury’s consultation on […]
