Betfred Shuts 132 Shops, Putting 600 Jobs at Risk as Costs Bite
Betfred is closing 132 UK betting shops and risking 600 jobs, citing National Insurance hikes, gambling tax rises and wage inflation as key drivers.
Gambling Industry News
Kentucky Derby Fuels CDI’s Record $980M Quarter and 11% Profit Jump
Churchill Downs hit all-time record Q2 revenue of $980M in 2026, with Derby Week viewership and wagering driving an 11% net income rise year-on-year.
Brazil’s Workers’ Party Bills Target Casino Games and Fixed-Odds Betting
Workers' Party legislators have filed two bills that could strip online casino games — and even fixed-odds betting — from Brazil's regulated market under Law 14,790/2023.
New Jersey Gets More Time to Challenge Third Circuit’s Kalshi Ruling
Justice Alito sets a September 3, 2026 deadline for New Jersey to file its cert petition challenging the Third Circuit's Kalshi prediction markets ruling.
State Legislators Demand Federal Crackdown on Prediction Markets
NCLGS unanimously passed a resolution urging Congress to declare prediction markets illegal gambling and return oversight to state and tribal governments.
Fertitta Buyout Looms as Caesars Posts $3B Revenue Despite Strip Slide
Caesars Entertainment hit $3B in Q2 2026 revenue as regional casinos surged 9.4%, offsetting Strip losses ahead of its $17.6B Fertitta Entertainment takeover.
£261.7m Sterling Facility Deepens Bally’s Intralot Debt Push Ahead of Evoke Vote
Bally's Intralot has secured a £261.7m sterling term facility for acquisitions and refinancing as its £243.1m evoke bid heads to a shareholder vote on 18 August.
Sicily Clandestine Betting Raids Expose Tax Evasion and Criminal Risk
ADM and Guardia di Finanza shut two unlicensed betting centres in Agrigento, seizing terminals that bypassed Italy's national gaming levy controls.
Sportsbetting News
Fonbet Contract Stalls Pirlo’s Italy Coaching Appointment
The FIGC has suspended Andrea Pirlo's appointment as Italy head coach after president Malagò sought legal clarity over his Fonbet ambassadorial contract.
Regulation
Nevada Gaming Board Locks Kalshi Into $120K Daily Fine Deal Over Geofencing Failures
Nevada's Gaming Control Board has secured a formal agreement forcing Kalshi to implement geofencing by Aug. 12 or pay $120,000 per day in penalties.
Sportsbetting News
Kansas Sports Betting Shrinks as Missouri Border Market Opens
Missouri's December 2025 digital launch triggered Kansas's first sustained handle decline, with January 2026 dropping 24.69% YoY, new Lottery data shows.
Sportsbetting News
Cardinals Scout Ryan Gold Banned Amid Parlay Bets and Draft Leak Claims
Arizona Cardinals scouting director Ryan Gold faces indefinite NFL suspension over alleged parlay bets on NFL games and leaking confidential 2026 draft information.
Regulation
AGA: Prediction Markets Drain $1.2B from State Gaming Tax Coffers
The AGA says unregulated prediction market sports bets have siphoned over $1.2B in gaming tax revenue away from state-funded public services and communities.
Regulation
Judge Rules Kalshi Likely Runs Unlicensed Gambling Site in Washington
A King County judge granted a preliminary injunction against Kalshi, finding the prediction market operator likely violates Washington's online gambling laws.
Gambling Industry News
France Blocks Polymarket as Legal Battle and Cottrell Controversy Loom
Polymarket vows to challenge France's ANJ platform block in court while a $8m Cottrell betting account adds reputational pressure to its regulatory fight.