Ohio Bill to Regulate Prediction Markets
Ohio lawmakers are considering regulating prediction markets to allow them to obtain sports betting licenses.
Regulation
New Jersey Democrats Advance Bill to Tax Prediction Markets
The idea of taxing prediction markets is gaining traction in New Jersey as Democratic lawmakers in both chambers of the Garden State legislature advanced bills on Sunday.
South Africa Tightens Gambling Laws and Advertising Rules
South Africa’s National Gambling Policy Council is accelerating new gambling legislation and developing stricter advertising regulations to strengthen oversight of the country’s gambling industry.
Chinese Police Intensify Crackdown on Illegal World Cup Betting Rings
Illegal Chinese World Cup betting rings are growing fast, but police say they are stepping up a crackdown in response, arresting scores of people nationwide.
Business
Gaming Stocks Under Pressure Amid Market Sell-Off
Gaming stocks were under pressure last week, and the Roundhill Sports Betting & iGaming ETF fell by over 3.5%, compared with the S&P 500 Index’s 1.9% decline.
SiGMA Expands Latin American Presence with São Paulo Office Renovation
SiGMA has inaugurated its newly refurbished office in São Paulo, underscoring Brazil's growing importance in the company's expansion strategy for Latin America.
Prediction Market Firms: Casino Lobby and States Collaborate Against
A group of prediction market operators, including Kalshi, Crypto.com, Robinhood, and Coinbase, says states are working with casino lobby groups to stop them from offering event contracts.