Sportsbook operators DraftKings and Flutter’s shares have dropped to neutral, after Bank of America lowered its ratings on both companies to that level recently. The bank highlighted renewed challenges from fluctuating betting margins, potential state tax headwinds, and ongoing uncertainty surrounding the development of prediction markets as a reason for its decision. DraftKings Flutter’s Bank…
In a petition backed by over 100 Labor MPs, Rachel Reeves, the United Kingdom’s Chancellor of the Exchequer (effectively the government’s chief financial minister) has been asked to raise taxes on gambling companies. The idea is to use the extra revenue to lift benefit restrictions on families with more than two children. 100 Labor MPs…
UK-based player verification and affordability platform ClearStake has completed a new funding round, raising GBP 1.5 million ($1.96 million), thanks to several prominent investors from the online gaming and fintech sectors. The extra capital will support the launch of the company’s new ID by Bank product, which enables gaming operators to check player identities directly…
The UK Gambling Commission (UKGC) announced that it has issued a GBP 650,000 penalty to NetBet Enterprises Limited due to anti-money laundering (AML) and social responsibility failures. The money from the settlement will be redirected to socially responsible causes. UK Gambling Commission GBP 650,000 NetBet Enterprises Limited NetBet Failed to Meet the UK’s Regulatory Standards…
Leading gaming affiliate Catena Media has reported its financials for the three months ended September 30, 2025 (Q3), outlining a quarter of solid performance. Catena Media A Solid Quarter for the Business In its interim report for the quarter, Catena Media reported Q3 revenue of EUR 11.6 million ($13.3 million), marking an increase of 9%…
Kambi Group has published its financial results for Q3, outlining a decrease in revenue amid certain headwinds and a quieter sporting calendar. Despite that, the company leadership remained bullish on the company’s long-term prospects. Kambi Group Kambi’s Q3 Metrics Experienced a Decline In its report, Kambi outlined Q3 revenue of EUR 37.4 million ($43 million),…
Trusted crypto-asset service provider Crypto.com announced yet another partnership, this time with sweepstakes specialist MyPrize. The agreement will turn the latter company into the first sweepstakes business to enter the hot prediction markets space. Crypto.com MyPrize MyPrize Enters the Prediction Markets Space MyPrize is a fast-growing sweepstakes operator that has long enjoyed a significant presence…
Svenska Spel, Sweden’s state-owned gambling company, announced SEK 35 million ($3.65 million) in youth sports grants. This is part of the Gräsroten (Grassroots) initiative and will see the operator award money to 76 sports. Svenska Spel SEK 35 million Gräsroten 76 sports Svenska Spel to Support 8,784 Associations Like previous years, distributing the money across…
A new study by Swansea University has delved deeper into the possible connection between gambling disorders and higher suicide rates in people experiencing gambling-related harm, compared to the general population. Swansea University Suicide is Higher among People with Gambling Disorder The research published in BJPsych Open is the first comprehensive study leveraging extensive NHS data…
Real American Freestyle has announced a new multi-year partnership with ALT Sports Data, which will see the league possibly leverage the popularity of sports betting to drive interest in what it has to offer. Real American Freestyle ALT Sports Data Real American Freestyle is dedicated to the more traditional type of wrestling, the Olympic form,…
