Why is Congress Looking into Sports Betting?

Posted on: November 28, 2025, 07:17h.  Last updated on: November 28, 2025, 07:17h. Recent indictments spark Congressional examination of sports betting Explainer examines likely outcome of Congressional probe Congress usually leaves gambling regulation up to individual states. That’s especially true since the defanging of the Professional and Amateur Sports Protection Act, 1992 (PASPA), a nationwide […]

Read More

MGA Warns of Unlicensed Sites Falsely Claiming Maltese Licenses

The Malta Gaming Authority (MGA) has issued a stern warning regarding two online gambling platforms—lavbet321.com and kasinoseta.com—which are falsely claiming to be licensed by the MGA. The regulator has clarified that these sites are not authorized to offer gaming services in Malta and that any assertions suggesting they are linked to the MGA are completely false and […]

Read More

Bank of America Warns of Credit Risks from Exploding Gambling Markets

Bank of America has raised concerns about a growing financial risk posed by the rapid expansion of prediction markets and online sports betting in the United States. The bank’s global research team highlighted the increasing prevalence of these markets and platforms, noting that they are attracting new risks for consumers and lenders alike. Particularly vulnerable groups, such […]

Read More

Play 971 Becomes First Regulated iGaming Site in UAE

The United Arab Emirates (UAE) has taken a significant step in expanding its regulated gaming market with the recent launch of Play 971, the first fully licensed iGaming site in the country. The platform, which went live in late November 2025, has been licensed by the General Commercial Gaming Regulatory Authority (GCGRA). This marks a historic […]

Read More

PENN Committee Backs Board’s Good-Faith Actions in HG Vora Proxy Dispute

PENN Entertainment’s prolonged battle with activist investor HG Vora has taken another turn after an independent Special Litigation Committee (SLC) concluded the company’s board acted appropriately and “in good faith” during last year’s heated proxy showdown. The committee’s findings, filed in federal court on November 26, detail why it believes PENN’s leadership neither violated fiduciary […]

Read More

Evoke Announces Job Cuts After UK Gambling Tax Hike

Posted on: November 27, 2025, 03:01h.  Last updated on: November 27, 2025, 03:02h. New UK budget confirms tax hikes on online casino and sports betting Evoke and Entain warn of profit hit and layoffs Tax increases start in April 2026 Shares of Evoke, the UK-based betting firm, owner of William Hill and 888, tumbled today after the company […]

Read More

Powerball Jackpot Eclipses $700 Million Barrier

Posted on: November 27, 2025, 12:57h.  Last updated on: November 27, 2025, 01:05h. Powerball Jackpot for Saturday’s draw third largest for 2025 Winner has option of annualized payments or one time lump sum payment State taxes may also come into play The Powerball Jackpot has once again hit astronomical heights, passing the $700 million barrier, after no tickets […]

Read More