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(AsiaGameHub) - It has become a recurring theme: a prominent UK footballer signs an endorsement deal with a betting firm that is ostensibly not intended for the British market. Following in the footsteps of Michael Owen, who partnered with Punt Casino, and Teddy Sheringham, who worked with 8xBet, the latest high-profile figure to join this trend is Steven Gerrard, a legend of Liverpool FC. Gerrard, who captained Liverpool to their 2004 Champions League victory, has been named the new brand ambassador for We88, a gambling operator largely unknown to the UK public. This brand should not be confused with W88—the sponsor of Sunderland FC—but it represents the same growing pattern of Asia-focused, unlicensed operators securing high-profile sponsorships with UK-linked football clubs and players. Like W88, We88 is not licensed by the Gambling Commission. It operates under an Anjouan license and is owned by MockingBird Technologies Pte. Ltd. Ostensibly, the brand is designed for Asian markets and is not intended to be accessible to UK users. While that may be the stated intent, the situation is complicated by the fact that Gerrard promoted the partnership on his personal Instagram account, which reaches thousands of UK followers. Furthermore, the We88 website can be easily accessed from the UK using a simple VPN. View this post on Instagram A post shared by Steven Gerrard (@stevengerrard) This raises concerns regarding the responsibility of public figures when choosing partners, particularly when dealing with unlicensed gambling, where the risk of addiction is significantly heightened. As part of the commercial arrangement, We88 has featured Liverpool FC jerseys on its marketing materials, despite having no official partnership with the club. SBC News has contacted Liverpool for a statement. The UKGC has previously cautioned English clubs against collaborating with unlicensed betting entities, citing previous examples such as the deals between Kaiyun Sports and clubs like Nottingham Forest and Crystal Palace. A spokesperson for the Gambling Commission stated that they do not comment on specific cases. However, the regulator noted that “Anyone who engages in advertising arrangements with unlicensed gambling operators is at risk of committing the offence of advertising unlawful gambling under section 330 of the Gambling Act 2005. “Anyone engaging in such arrangements with an unlicensed brand must ensure that online gambling activity for that unlicensed brand is blocked and inaccessible to consumers in Great Britain.” Is there any answer to the unlicensed question? It is widely acknowledged that offshore gambling platforms lack the essential protections required to prevent harmful gambling behaviors, unlike the strict responsible gambling standards mandated for licensed operators. UK-based gambling charities, such as Deal Me Out, have repeatedly warned about the significant revenue lost by both consumers and the Treasury to operators that function outside the oversight of the UKGC. The impact of the black market extends to various industry stakeholders as well. Two years ago, SBC News reported that an advertisement for an Asia-facing platform appeared on the website of the International Betting and Gaming Association (IBIA). Currently, a profile for We88 is visible on the Gordon Moody website. The charity, which provides treatment for problem gambling, has been contacted for comment. Finally, the Department for Culture, Media and Sport (DCMS) has initiated a consultation regarding a potential total ban on black market operators in British sports. Despite these efforts, offshore firms continue to pursue partnerships with UK football stars and utilize club branding. This prompts the question of whether legislative changes are necessary to prevent influential figures from entering into these deals, which are often unpopular with fans—though it remains unclear how many supporters distinguish between licensed and unlicensed operators. Regardless, Gerrard’s followers have made their opinions on the new partnership clear. Comments under Gerrard’s post Want to hear more stories like this? Check out the new SBC Media YouTube Channel, the new home of all things multimedia at SBC, where our team deep-dives into the biggest stories from across the sports betting, iGaming, affiliate and payments industries. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - This morning, Prime Minister Anthony Albanese announced that Australia will put in place “strong and decisive measures” to limit gambling advertising and safeguard young people and other vulnerable groups. An issue that has plagued Albanese’s tenure as Prime Minister since 2023 has been resolved, with the Labor government committing to support five measures designed to drastically reduce the Australian public’s exposure to gambling advertisements. Starting January 1, 2027, the government will restrict gambling advertising on broadcast television to no more than three ads per hour between 6 a.m. and 8:30 p.m., alongside a full ban on such advertising during live sports broadcasts within those hours. This key reform directly targets what gambling reformers describe as the “normalisation loop” between sport and betting — an issue that has driven a nationwide campaign calling for federal intervention. Labor’s reset is built around five core restrictions that redefine how, where and to whom gambling marketing can be displayed: Broadcast TV limits: No more than three gambling ads per hour between 6 a.m. and 8:30 p.m. Live sport blackout: Complete ban on gambling ads during live sports broadcasts within the 6 a.m. to 8:30 p.m. window Radio watershed: Prohibition on gambling ads during school commute times (8–9 a.m. and 3–4 p.m.) Digital controls: Online ads restricted to logged-in, age-verified (18+) users, with mandatory opt-out options Sporting environment bans: Removal of gambling ads from stadiums and from players’ and officials’ uniforms Further measures will see the government impose a ban on using celebrities and professional athletes in gambling promotions, alongside prohibiting “odds-style” advertising targeting sports fans. Collectively, these measures aim to dismantle the environment Albanese described where “kids grow up thinking that footy and gambling are the same thing.” Breaking Links Following a two-year delay in rolling out federal reforms, Labor believes its measures will redefine the cultural boundary between sport and wagering — without imposing a blanket ban on gambling advertising, as had been anticipated in 2023. In the absence of a unified federal framework, Australia’s media channels have become saturated with gambling content, including in-play odds, sponsored segments and personality-led betting promotions. Albanese notably rejected the Murphy Report’s 2023 recommendations, which called for a phased three-year approach to implement a blanket ban on gambling advertising. The decision drew criticism at the time and split party ranks, with reformist camps arguing the government had delayed reforms to appease media networks. The issue reached a boiling point last year as the Alliance for Gambling Reform (AGR), led by Tim Costello, launched a campaign backed by 101 Australian sports and media figures calling for a full ban on gambling advertising. By siding with major TV networks, the Labor government faced criticism for allowing gambling to remain embedded in the fabric of sports consumption. Minister for Communications and Sport Anika Wells stated that from 2027, families should be able to watch sport “without being bombarded by gambling advertisements.” However, the reforms stop short of a full advertising ban — highlighting the government’s balancing act between public health objectives and the commercial realities of Australia’s sports and media sectors. Albanese reiterated this position: We’re getting the balance right here, letting adults have a punt if they want to but also making sure Australian children don’t see betting ads everywhere they look. “What we don’t want is kids growing up thinking that footy and gambling are the same thing.” Yet the cumulative impact is significant. Removing live sports advertising slots alone will strip out premium opportunities, while digital restrictions introduce friction into acquisition strategies that have historically relied on broad targeting. The key question now is how operators respond — whether through CRM-led engagement, product differentiation or increased investment in compliant, first-party marketing ecosystems. Secondary Measures Additional measures include: Crackdown on online lottery-style products deemed harmful or misleading Ban on online keno products (“pocket pokies”) Standardisation of match-fixing offences nationwide Enhanced enforcement against illegal offshore operators Continued development of BetStop, the National Self-Exclusion Register Expansion of financial counselling services for those impacted by gambling harm Increased public awareness campaigns on the risks of online gambling These interventions signal a broader policy shift — positioning gambling harm as a public health and social welfare issue, rather than solely a regulatory concern. Minister for Social Services Tanya Plibersek reinforced this stance, linking gambling harm to wider societal impacts, including family breakdown and domestic violence. Albanese: Trust the Process The government must now draft legislation, with industry consultation and regulatory design expected to shape the next 12–18 months. The January 1, 2027, start date provides a transition window for media owners to adapt to new compliance frameworks and commercial realities. Broadcasters, sports bodies and digital platforms will be given time to offset lost revenues tied to gambling partnerships, while operators face the challenge of re-engineering marketing strategies within tighter constraints. Wells concluded: “From 1 January next year Australians will be able to sit down with their families and cheer on their favourite team without being bombarded by gambling advertising. “Our reforms will break the connection between wagering and sport, minimise children’s exposure to wagering advertising and reduce its saturation across the internet, radio and TV channels. “Australian parents, families and sports fans have been calling for action, and we thank all those involved for their continued engagement and advocacy as we’ve worked continuously to get the settings balanced and right.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Iowa legislators are pursuing a measure that no other state has yet undertaken – enacting a bill to regulate prediction markets. This move is poised to create significant disruption within the event contracts industry, as operators argue they are already overseen at the federal level and that federal law supersedes state-level gambling rules. Prediction Markets Are a Point of Contention Prediction markets represent an innovative type of trading platform where participants can exchange contracts based on future events. Users essentially purchase shares that correspond to "yes" or "no" outcomes for specific occurrences, which can cover a wide spectrum from sports to political events. These platforms fall under the regulatory authority of the Commodity Futures Trading Commission (CFTC), permitting them to operate across all 50 states. Nonetheless, critics within the industry contend that event contracts are nearly identical to sports wagering and that prediction markets, in their current state, constitute a form of gambling that lacks proper oversight. Furthermore, detractors have asserted that prediction markets are susceptible to insider trading and may even incentivize the manipulation of the events themselves. These issues have resulted in numerous legal disputes and conflicts, leaving the precise future of prediction markets uncertain. Iowa is now pioneering a novel strategy by moving forward with a bill that, should it become law, would impose state-level regulations on these markets. An Unprecedented Approach Senate File 2470 is legislation designed to regulate prediction markets. If enacted, it would ban any prediction market operator from functioning without a license issued by the Department of Revenue. This regulatory structure would also mandate that providers of event contracts pay taxes within the state of Iowa. The legislation was introduced by Senator Mike Kilmesh in January. It specifies a 20% tax rate on prediction markets, with the majority of the revenue directed to the state's general fund. Additionally, the proposal would obligate prediction markets to pay an entry fee to operate in Iowa. An initial draft of the bill set licensing fees at $10 million, a figure that was later increased to $20 million in updated versions. Platforms would also be required to pay an annual $100,000 fee for license renewal. The bill has recently been approved by the Iowa Senate with strong backing, receiving 45 votes in favor from the 46 members present. Consequently, it will now proceed to the House of Representatives for additional consideration. Meanwhile, recent studies indicate that a significant number of Americans either perceive prediction markets as a type of gambling or feel the industry should be subject to comparable regulations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Despite the closure of their former workplace, 15 Tata Steel workers have maintained their bond in South Wales and are now set to receive a substantial GBP 1 million from the lottery, which equates to approximately $1.32 million. 15 Ex-Workers Kept Together for Years – and They Won a Million-Plus Jackpot The group of friends managed to stay connected, each contributing £5 to every lottery draw. This consistent effort has now paid off, with each of the 15 winners entitled to a share of the grand prize amounting to GBP 66,666, or roughly $88,094. Paul Davy, aged 61, was the driving force behind the friends' lottery syndicate, successfully keeping all 15 individuals involved over the years through regular emails and conversations, both online and in person. Davy admitted that his initial motivation wasn't solely about winning; he primarily aimed to stay in touch with his former Tata Steel colleagues. He even viewed the lottery contributions as a way of "donating to charities," given that lottery proceeds typically support good causes. Therefore, his astonishment was immense when he discovered that the group of friends had clinched the $1.32-million jackpot. He conveyed his disbelief to the lottery organizers, stating he could hardly comprehend the news. His immediate thought? "It must be an error," Davy confessed. Many of the winners reside in close proximity, and some of the named winners include Gill Furlong, Christine Davies, Sally Wise, Julie Lambert, Allan Evans, Ian Howells, and Raja Prasad. Davy has expressed that this lottery win will provide an opportunity for the group to reunite and celebrate their success. Allwyn, the operator of The National Lottery, shared their enthusiasm for this well-deserved win going to such a deserving group. Allwyn is Happy to See Such a Great Story Facilitated by the Lottery Andy Carter from Allwyn commented: "A huge congratulations to the whole group; we wish them many more happy memories ahead." While the closure of the Tata Steel factory presented challenges for the friends, the fact that they met there has now paved the way for significantly positive developments in their lives. The winnings are expected to substantially enhance the lives of all involved. The winners have shared their intentions, which include paying off outstanding mortgages, embarking on holidays, investing in home renovations, and perhaps even purchasing new cars. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Sportradar AG is confronting legal allegations that its management and distribution of official sports data from major leagues are unfair and biased against competing sportsbook providers. Altenar, a Malta-headquartered sportsbook solutions firm, has confirmed filing multi-million-pound legal actions against the Nasdaq-traded sports data and tech company. The claims have been submitted to the US District Court for New Jersey and London’s High Court, where Altenar accuses Sportradar of misusing its role as a primary data partner to leading US sports leagues. The St Gallen-based global sportstech company boasts an extensive partner list that includes the National Hockey League (NHL), National Basketball Association (NBA), Major League Baseball (MLB), and the Association of Tennis Professionals (ATP). Altenar argues that Sportradar has limited access to critical live data and betting odds, violating both Section 2 of the Sherman Act and the UK Competition Act. The provider additionally asserts that Sportradar has refused it access to vital data needed to run its sportsbook platform—like data supporting odds calculation—and accuses Sportradar of prioritizing its own offerings and chosen partners, which distorts market competition. Legal filings cite: “Sportradar is trying to maintain its market dominance by unfairly eliminating its competitors. It is relying on its monopoly on sports data to squash businesses with a competing offer, despite previously decrying other companies for doing exactly the same.” Altenar maintains that Sportradar has created a ‘structural barrier’ to its ability to offer a sportsbook platform by withholding or limiting access to key data from popular sports leagues. Among the ‘big four’ leagues, the NFL is the only exception, as its official data rights are owned by competing firm Genius Sports. At the heart of the dispute are Sportradar’s data and intellectual property partnerships with major US sports leagues; the company has secured and repeatedly extended “exclusive data and innovation” deals with the NBA, NHL, and MLB. Sportradar is no stranger to competition-related allegations This isn’t the first instance where Sportradar has come under scrutiny for competition-related issues. Sportradar’s purchase of IMG Arena was reviewed by the UK’s Competition and Markets Authority (CMA) over possible violations of the nation’s competition laws, though the regulator eventually approved the deal. In March 2025, Sportradar was also named in a lawsuit in Texas, along with its main competitor and fellow sports data leader Genius. The plaintiff, PANDA Interactive, claimed that the pair had stifled competition by restricting access to the sports data they officially controlled. In Altenar’s case, the Isle of Man-based company argues that Sportradar is misusing its ‘exclusive rights’ to benefit its own sports betting solutions—such as those offered via the 2022-launched ORAKO platform—and the offerings of NSoft, which it acquired in 2022. Altenar is seeking a court order to put an end to what it calls Sportradar’s ‘refusal to supply’, as well as millions of pounds in damages. It has hired Cahill Gordon & Reindel LLP to represent it in the US and Geradin Partners for its UK case. “Sportradar is trying to maintain its market dominance by unfairly eliminating its competitors,” an Altenar spokesperson said. “It is relying on its monopoly on sports data to squash businesses with a competing offer, despite previously decrying other companies for doing exactly the same. “We remain open to discussions with Sportradar, but its unilateral and aggressive actions have left us with no choice but to take legal action.” Altenar’s legal challenge carries significant implications. The company is pushing for legal action to define the limits of ‘exclusive terms’ in data partnerships, ensuring that official sports league data is distributed in a ‘fair manner’ free from conflicts of interest. On the other hand, if Sportradar successfully defends itself, it would strengthen the existing model, solidifying the position of established data providers and creating additional barriers for new entrants. A key term Sportradar might use in its defence is ‘exclusive’: if the company holds exclusive rights to a sports league’s data, shouldn’t it have the right to decide who gets access to that data? Sportradar provided the following response to SBC, on Altenar’s legal proceedings: “While we prefer not to comment on pending litigation, we strongly disagree with the claims made by Altenar, which we believe are without merit and contain numerous inaccuracies. Sportradar will address these through the legal process. We encourage stakeholders to rely on our public disclosures and SEC filings for a complete and accurate view of our business.” ________________ Interested in more stories like this? Visit the new SBC Media YouTube Channel—SBC’s new hub for all multimedia content—where our team takes an in-depth look at the top stories from the sports betting, iGaming, affiliate, and payments sectors. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Missouri legislators are revisiting the debate regarding the fate of slot-style machines located in gas stations and small enterprises, and on this occasion, voters might ultimately make the decision. “It Is Something That Belongs on the Ballot” The president of the Missouri Senate, Cindy O’Laughlin, thinks that placing the matter on a statewide ballot could be a sound approach, providing residents with the chance to determine if they want these devices legalized and regulated. This concept emerged during a legislative hearing aimed at finding the most effective way to handle the rapid proliferation of so-called “gray market” gaming devices across the Show-Me State. These devices, frequently referred to as video lottery terminals, have existed in a legal gray area for years. While proponents argue they should be formally brought under state supervision and taxed appropriately, opponents insist they should be eliminated entirely. “Perhaps this is a matter that should be placed on the ballot,” O’Laughlin remarked during the debate. “If the decision were mine, I would have removed them all by this point.” Regulation Might Restore Order and Increase Tax Revenue Following a recent federal judge’s ruling, many of these units qualify as illegal gambling devices under Missouri law, potentially paving the way for more severe enforcement measures against their operators. Concurrently, legislators are examining bills that would replace unregulated machines with a state-managed system. Comparable proposals have circulated for years, frequently encountering strong resistance in the Senate even after passing the House with ease. A definitive resolution is needed urgently, especially given that these machines are currently generating substantial income in bars, convenience shops, and other venues where they are readily accessible. Some officials suggest that regulating VLTs would generate more business and enhance tax revenue. Conversely, advocates campaigning against these devices have raised concerns about the expanding access to gambling in commonplace environments. Due to worries regarding the extensive spread of these machines, Missouri officials initiated a statewide enforcement crackdown in mid-March. As reported by Missouri Attorney General Catherine Hanaway., targeted gas stations and liquor stores were issued strict deadlines to dismantle or power down the equipment. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Gibraltar has made a landmark move into a rapidly growing segment of the digital economy by granting its first license for a prediction markets operator. This step is part of the territory’s wider strategy to expand past its traditional core sectors of online gambling and financial services, while also addressing rising economic pressures. Gibraltar Prioritizes Innovation With Fast-Track Approval of New Prediction Market License The announcement was made public during a parliamentary session, where officials confirmed that the relevant application had completed its processing. The accelerated approval timeline makes clear the territory’s explicit goal to remain competitive in emerging industries and draw in cutting-edge business models. While authorities have not publicly named the license recipient, industry focus has shifted to Predict Street Ltd, which appears on the government’s official register as an approved betting intermediary. Per Malta Media reports, even though this link has not been formally confirmed, the listing has sparked widespread speculation that the firm is the holder of the newly issued license. This decision comes as Gibraltar is adapting to adjustments to the United Kingdom’s gambling taxation framework. The recent rise in UK gambling duties is projected to impact operators based in Gibraltar, many of which rely heavily on access to the British market for their revenue. Government representatives noted that embracing emerging sectors like prediction markets could help offset potential revenue declines and support long-term economic stability. Growing Prediction Market Sector Faces Inconsistent Regulatory Stances Across Europe Prediction markets operate as platforms where users place wagers on the outcomes of real-world events, ranging from sports competitions to political developments and economic shifts. Pricing on these platforms reflects the collective forecasts of participants, positioning the operating model somewhere between financial trading and traditional betting. This hybrid nature has created significant regulatory challenges. Across Europe, governing bodies have adopted conflicting positions: several countries have chosen to restrict or fully ban these platforms outright, while others have moved to support their operation. Common concerns center on whether these services should be classified as financial instruments or governed under gambling legislation. In contrast, Gibraltar has opted for a more open approach by integrating prediction markets into its existing regulatory system. Officials believe that rolling out a controlled framework will support innovative new ideas, while still maintaining proper oversight and consumer protection measures. Interest in the sector is surging rapidly. Major industry players and established betting firms have already begun exploring similar products, while specialized prediction platforms continue to draw high levels of user engagement across the globe. That said, expansion has not been free of controversy, as regulators in multiple jurisdictions have ramped up scrutiny of the space. Predict Street Ltd, the firm believed to be connected to the new license, has shared ambitions tied to high-profile global events including the 2026 FIFA World Cup. The platform is currently preparing for its official launch, and has already started inviting early user registrations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Prediction market platforms are growing in popularity across the United States, but analysts are warning that the sector could soon face major legal and regulatory hurdles that could alter its future trajectory. Lax U.S. Oversight Drives Growth of Prediction Markets Per a recent investor note from Jefferies analyst David Katz, the industry is reaping benefits from lenient oversight from the Commodity Futures Trading Commission (CFTC). This more relaxed regulatory approach has let operators expand rapidly when compared to the heavily regulated traditional gaming industry, which charges steep licensing fees and has strict, comprehensive compliance rules. Katz noted that prediction market firms operate under fewer constraints. Unlike sportsbooks and casinos, they are not required to implement policies like betting limits, self-exclusion initiatives, or responsible gambling communications. Additionally, they face significantly lower tax and licensing expenses, which creates a more favorable operating environment in the short run. Nevertheless, this benefit could prove temporary. Multiple legal disputes are unfolding at the state level, with regions including Nevada, Ohio, Massachusetts, and California challenging the legality of event-based contracts. These cases address core questions, such as whether prediction markets fall under federal authority or should be classified as gambling and regulated by individual states. Katz predicted that these disputes will likely escalate, with a high likelihood that the U.S. Supreme Court will hear one or more of these cases as early as 2027. The ruling could have a major impact on the industry, and current signs point to states holding the upper hand in multiple scenarios. Legal Hurdles Could Redefine the Future of Prediction Markets In Nevada, regulators contend that federal oversight does not preempt state gaming laws. Meanwhile, legal fights in Massachusetts and Ohio center on how event contracts should be categorized under current financial regulations. In California, tribal gaming groups are arguing that these platforms violate their exclusive rights granted under federal law, a stance that analysts consider to be well-founded. The analyst laid out varying odds of negative outcomes for prediction market operators, spanning from moderate to extremely high, depending on the specific case. A ruling against the industry could compel companies to limit their offerings, especially for sports-related contracts, or adhere to more stringent local regulatory requirements. Even with these risks, short-term outlooks remain positive. Both established operators and new entrants are continuing to explore opportunities in this space, with some shifting their focus to non-sports events to lower their exposure to legal disputes. This segment has already demonstrated growth, pointing to a potential path forward. Katz also pointed out that major sportsbook operators stand to benefit regardless of the outcome. If prediction markets receive full legal approval, large established firms would gain dominance thanks to their size and resources. On the other hand, if courts restrict the sector, traditional operators would face less competition. While the industry’s rapid growth has drawn attention, its long-term trajectory will depend on how U.S. courts and lawmakers decide to define and regulate this emerging form of trading. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Robinhood has initiated a fresh legal action in Washington, aiming to secure safeguards against state authorities. This move occurs as the controversial prediction markets industry faces increasing scrutiny. The legal filing coincides with an independent dispute involving the state and Kalshi Although prediction markets assert they are venues for trading event-linked contracts rather than gambling, regulatory bodies and tribal […] This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - The expansion of prediction markets has made the prospect of a Wall Street powerhouse entering a sector typically associated with gambling firms appear far more realistic. JPMorgan Chase CEO Jamie Dimon has acknowledged that the bank is investigating the integration of prediction platforms into its service portfolio. Nevertheless, any such venture would need to be a highly scrutinized risk. Dimon Establishes Clear Limitations While JPMorgan Chase has not yet set a launch timeline, provided product specifics, or fully committed to a strategy, Dimon’s recent comments during a CBS Evening News interview signal that major financial firms are paying closer attention to a field that has grown rapidly despite ongoing legal disputes and controversies. Dimon defined rigid boundaries for any potential expansion. He insisted that any JPMorgan foray into prediction markets would strictly avoid contracts related to politics or sports. These categories have become increasingly contentious, sparking worries regarding reputational harm, insider trading, and market manipulation. For a financial institution subject to heavy regulation, these risks are considered untenable. We are not going to participate in sports or politics. There are many things we will stay away from. Furthermore, we have very strict protocols concerning insider information. Jamie Dimon, JPMorgan Chase CEO Even so, the fact that a leading institution is expressing interest in the prediction industry highlights a significant market shift. Once considered niche, platforms such as Polymarket and Kalshi are now part of mainstream financial conversations. Their diverse contract offerings have attracted a wide range of participants and resulted in several prominent partnerships. The Persistent Issue of Insider Trading Advocates suggest that prediction markets serve as a novel forecasting resource, while detractors argue they are simply gambling under a different name. Dimon’s perspective is somewhere in the middle. While he conceded that much of the activity on these platforms looks like gambling, he pointed out that participants utilizing expert data and strategic positions could be categorized as investors. JPMorgan is already implementing measures to address the more controversial elements of prediction markets. The bank is currently evaluating how its staff interacts with these platforms and is weighing the implementation of new internal policies. Even the hint of insider trading could lead to significant issues. In a market centered on predicting real-world results, having access to private information can quickly turn into a liability. Securing an early position in the prediction market could offer notable advantages for JPMorgan. Industry experts anticipate that these platforms will follow a path similar to the regulated sports betting industry, which underwent major consolidation as it evolved. Those who move early may help define the legal and cultural standards of these markets. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - A new nationwide survey has intensified the conversation surrounding prediction markets. The data shows a significant portion of the American public views platforms such as Kalshi and Polymarket as betting in a new form, not as an innovative financial instrument. The research also highlighted widespread doubt, especially concerning prediction markets tied to sporting events. Participants Were Worried About the Impact on Teenagers The March survey, commissioned by the advocacy organization Gambling is Not Investing and carried out by Morning Consult, included over 15,000 participants from around the United States. A decisive majority of those surveyed, 81%, feel that wagering on sports results via these platforms represents another form of gambling. This perspective cuts across all age groups and political affiliations, suggesting the issue is not ideological. Those polled also voiced significant concerns regarding the effect of prediction markets on youth. 77% expressed concern that platforms permitting teenage access could result in lasting harm related to gambling. In contrast to licensed sportsbooks, which generally mandate users be 21, certain prediction market firms function under different regulatory frameworks, prompting questions about supervision and responsibility. Terminology seems to be a key factor in shaping perceptions of these products. The prediction market sector often employs terms like “event contracts,” “futures,” and “swaps.” Yet, 73% of participants concurred that this language makes it harder for individuals, particularly younger ones, to grasp the associated risks. Critics contend this technical jargon obscures what they see as essentially a type of betting. Prediction Markets Face Rising Scrutiny Mick Mulvaney, a former White House chief of staff currently heading Gambling is Not Investing, framed the issue in clear terms. He stated that products which look like gambling ought to be supervised identically. His group has called publicly for more defined rules, warning that the present lack of clarity may erode current protective measures. Prediction markets are attempting to present their sports betting offerings as financial investments, deceiving the public and evading consumer protections such as age restrictions. Mick Mulvaney, Gambling is Not Investing executive director Earlier figures indicate prediction markets are still a specialized product even as their profile grows. A different poll from Ipsos revealed only roughly 20% of Americans comprehend how these platforms operate. Conventional sportsbooks, by contrast, enjoy much broader public awareness. Significantly, 59% of respondents agreed that prediction markets should be subject to the same regulations as gambling firms. These findings emerge at a pivotal moment for prediction markets, which are working to achieve broader acceptance. Leading platforms Kalshi and Polymarket assert their products are legitimate financial instruments regulated by the Commodity Futures Trading Commission (CFTC), not state gambling boards. This classification is hotly disputed, with multiple state regulators having initiated court actions. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Robinhood has initiated a new legal action in Washington, aiming to secure protection from state-level agencies. This move comes as the controversial prediction markets sector faces mounting pressures. The Lawsuit Is Set Against a Separate Dispute Between Washington State and Kalshi While prediction markets position themselves as platforms for trading event-linked contracts rather than gambling, U.S. regulators and tribal entities have firmly stated that this model is either gambling or closely resembles it. As a result, prediction market operators are encountering increasing regulatory pushback, with some currently navigating legal challenges in multiple states. At the same time, industry advocates argue that prediction markets are CFTC-regulated products and thus fall outside the jurisdiction of state regulators. In Washington, Robinhood filed a lawsuit to obtain relief from state authorities like the attorney general and the Washington State Gambling Commission. Robinhood’s proactive lawsuit cites the state’s action against Kalshi as an example, seeking to avoid the threat of fines, restitution, and an injunction. The platform noted that Kalshi’s struggles could affect it too, given that it routes customer trades through Kalshi and other exchanges. Robinhood further emphasized that its operations comply with federal law and that trading should be regulated at the federal level. It also asserted that legal action against its business could force it to close markets at unfavorable prices and deny traders access to their open positions. Prediction Markets Confront Growing Pressures The legality of prediction markets and whether state gambling regulators have authority over their operations is just one part of the controversies surrounding this sector. Other concerns include the industry’s potential for insider trading (due to the wide range of markets offered) and the risk of outcome manipulation. For instance, the NFL recently asked prediction market platforms like Kalshi and Polymarket to stop offering trading on certain high-risk events that could be easily manipulated. It listed events a single person could alter, predictable outcomes, officiating-related incidents, and inherently objectionable topics as examples of markets it deems vulnerable to manipulation. Furthermore, recent studies show that many participants either view prediction markets as a form of gambling or believe they should be subject to similar regulations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - In a formal communication, the NFL called on prediction market operators, including Kalshi and Polymarket, to cease hosting wagers on events that are susceptible to manipulation or can be anticipated beforehand. NFL Issues Letters to Prediction Markets Operators These markets include occurrences such as broadcast commentary, celebrity game attendance, and results related to the upcoming draft. The NFL stated that its objective is to protect players, personnel, and other game participants from “unfair and unwanted allegations” stemming from gambling and prediction platforms. The league specifically highlighted concerns regarding four areas: events susceptible to individual manipulation, such as missed field goals outcomes that can be foreseen, such as coaching changes, player acquisitions, and draft picks matters involving officiating subjects deemed “inherently objectionable,” such as fan safety and player injuries While many of the NFL’s concerns align with existing restrictions it imposes on traditional sportsbooks, the league also voiced apprehension regarding markets centered on celebrity appearances and broadcaster remarks—types of propositions typically not found at standard sportsbooks. Officials Comment on the Matter NFL executive vice president Jeff Miller noted that certain parties might possess information that could be exploited illegally. Through this letter, the league aims to distance itself from wagers that could be influenced by such insider knowledge. Miller added that the correspondence follows months of dialogue between the NFL and the Commodity Futures Trading Commission (CFTC), the federal body overseeing prediction markets. Although no formal agreement exists between the NFL and the CFTC, Miller indicated that the league believes the regulator understands its position. In response, Polymarket stated it is eager to collaborate with sports leagues to protect both the fan experience and the integrity of the games. The platform recently implemented new anti-insider trading policies, which Neal Kumar, Chief Legal Officer of Polymarket, described as an effort to establish clear expectations for all users. Under the leadership of its new chair, Michael Selig, the CFTC has adopted a more proactive approach regarding which markets are acceptable. Selig noted that while previous administrations prohibited sports-based trading, it has always been legal, and he emphasized the necessity of the agency working alongside sports leagues as these markets evolve. Some professional sports organizations have already begun to integrate with prediction markets, most notably the MLB, which recently entered into a partnership with Polymarket. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - As a voluntary self-regulatory move, many gambling and sports betting operators are rolling out bans to bar customers from using credit cards on their platforms. While some have argued this change could hurt operators' revenue, experts say the impact will be negligible. Experts Share Their Views On This Industry Practice Jordan Bender, an equity research analyst at Citizens JMP Securities, explained that the overall impact of the bans is expected to be “minimal.” He noted that DraftKings stopped allowing credit card deposits in September, and betting volume saw no material change in the months following the policy adjustment. At the time, the company’s messaging indicated that the positive effect of reduced processing fees was not large enough to meaningfully alter overall business performance. Sam Ghafir, an analyst at Macquarie Capital, stated that the impact is expected to be relatively small, especially over the long term. Multiple U.S. states have already banned credit card deposits for betting, and Flutter Entertainment reported no material impact from removing credit card deposits during its latest earnings call. Ghafir also added that these credit card deposits tend to “punch above their weight,” as new users and casual bettors are the most likely to use them. He further noted that credit cards are typically linked to smaller, more frequent deposits, as well as in-play and impulse betting. However, full legal prohibitions on credit card deposits are already in place in Iowa, Massachusetts, New Hampshire, Oregon, Rhode Island, Tennessee, and Vermont. New Jersey is currently exploring a potential ban on credit card use for gaming, while states including New York, Illinois, and Virginia are also drafting similar regulatory proposals right now. Gambling Operators Are Moving Faster Than States On This Issue As Bender pointed out, DraftKings implemented its full credit card ban in August 2025 across all its U.S. sports betting and iGaming platforms. According to the company, this is a “strategic business decision” designed to help customers avoid extra unnecessary fees. FanDuel followed suit in February 2026, announcing that its nationwide U.S. credit card ban would go into effect on March 2. FanDuel’s decision came less than a week after Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to major sports betting operators requesting details on what she described as “abusive credit card betting fees that rip off Americans using sport-betting platforms.” BetMGM is the most recent operator to join the trend, as the company is in the process of phasing out credit cards as a funding option for customer accounts and no longer accepts new credit card deposits. Interestingly, Fanatics has actually been a leader in this area, as the company has not permitted credit card deposits since it launched its sportsbook in 2023. According to a spokesperson, a “no credit cards” policy was a foundational principle for the platform. They also confirmed the company has never accepted a wager via credit card, and expressed satisfaction that the broader industry has since adopted a similar approach. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Officials have verified that Alberta’s iGaming market is scheduled to commence operations on July 13, with many observers keen to see if it will mirror the achievements of Ontario's online casino industry. Alberta Prepares to Launch Online Gaming Dale Nally, Alberta's Minister of Service Alberta and Red Tape Reduction, has notified gaming industry stakeholders that July 13 has been chosen as the official start date for the province's iGaming market. This announcement marks the most recent milestone in Alberta's iGaming progression, finally offering a definitive timeline to stakeholders and prospective players for when online gaming will begin. The confirmed July 13 date aligns with prior indications from the Alberta Gaming, Liquor, and Cannabis Commission (AGLC), which had also projected a July launch for Alberta iGaming. As stated in Nally's letter to stakeholders, the July start will give provincial officials sufficient opportunity to complete the remaining necessary preparations for the iGaming market's initiation. Operators were also advised that the Alberta iGaming Corporation is in the process of finalizing operator agreements, with Nally anticipating the publication of the completed contracts in April. Nally ended his communication by expressing confidence in the future success of iGaming within Alberta. Unlicensed Companies Must Exit Alberta by July 13 By introducing iGaming, Alberta aims to follow the successful model established in Ontario. Ontario served as Canada's pioneer in adopting online gaming, where iGaming was immediately successful. The sector's expansion in Ontario persists and is a key point supporting the wider adoption of online gaming throughout Canada. Supporters of iGaming contend that it represents a significant untapped potential for generating considerable benefits and simultaneously striking a major blow against illegal gambling operations. Regarding the black market, the AGLC has issued a warning to unlicensed operators, mandating their departure from the province by July 13. The commission noted that extensions of up to three months may be considered for operators who show a cooperative attitude. In unrelated news, VICI Properties has recently reached an agreement to acquire the real estate assets of three casino locations. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - A lucky patron at a tribal casino in California has become the most recent casino millionaire after securing a “life-changing $1.3 million progressive jackpot,” per casino representatives. Anonymous Lucky Player Takes Home $1.3M Jackpot A lucky guest visiting Pechanga Resort Casino in Temecula, California, landed a major payout while playing one of the slot games offered at this tribal venue. The patron in question was a visitor from Los Angeles who scored a windfall totaling roughly $1.3 million. The player has opted to remain anonymous and is only being identified as “Lucky Winner.” Per Pechanga Resort Casino’s official announcement, the player claimed this life-changing sum while playing Dragon Link: Peace & Long Life, a slot game developed by Aristocrat Gaming. A life-changing $1.3 MILLION progressive jackpot was hit on Dragon Link: Peace & Long Life, a slot from Aristocrat Gaming, on Sunday night! Congratulations to our incredibly lucky Los Angeles guest on this staggering $1,339,477.30 win! Pechanga Resort Casino statement The jackpot was awarded Sunday evening, and the moment was celebrated by both casino staff and fellow patrons. A handful of Facebook commenters shared that they were on-site at the casino when the win occurred and heard the resulting commotion. Numerous people took to the platform to congratulate the player on their extraordinary win. Separately, Pechanga representatives shared that the casino has welcomed three lucky patrons who’ve walked away with seven-figure prizes playing Dragon Link slot games over the past 12 months. Mohegan Sun Players Secure $133K Prize Elsewhere, a pair of players took home another sizable prize at a separate tribal casino. The win took place at Mohegan Sun Casino, where two patrons turned a $1.25 wager into a $133,000 payout. The two players initially believed the slot machine was malfunctioning, but casino staff later confirmed that everything was working correctly and that they had indeed won a six-figure prize. This prize was claimed while playing the Wheel of Fortune slot machine manufactured by IGT. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - Authorities previously arrested a woman for abandoning her dog at a Las Vegas airport. Following her failure to appear in court, a bench warrant has now been issued. The Woman Left the Animal Behind Because She Was Rushing to Catch a Flight On February 2, Germiran Denae Nicole Bryson was rushing to make a flight but had not finalized the paperwork required to bring her two-year-old goldendoodle mix along. Determined not to miss her flight, Bryson secured the animal to a JetBlue ticket counter and went to the gate alone. Police later initiated a search for the dog's owner, and an officer eventually located Bryson at the gate and escorted her away, ignoring her objections. Bryson maintained that she was instructed to go to the gate immediately to re-book the flight, expecting to be reunited with the dog later. She also argued that the dog possessed a tracking chip and would be returned to her eventually. Bryson protested immediately when police officers asked her to follow them so they could reunite her with the dog and obtain a statement. The woman was subsequently arrested. Bryson was eventually released without bond, as the charges against her were misdemeanors. Meanwhile, the dog was transferred to the Retriever Rescue of Las Vegas and renamed JetBlue. The Woman Failed to Show Up for Her Court Hearing The case continued when Bryson failed to appear for her scheduled court date last week. Justice of the Peace Diana Sullivan noted that Bryson's family contacted the court to report that she was hospitalized. However, the family failed to submit the necessary documentation to substantiate this claim. Consequently, the court issued a $5,000 cash or surety bench warrant for Bryson. This indicates that the woman faces potential arrest and immediate return to Las Vegas to address the court proceedings she missed. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - BETBY is joining the predictions trend, though it has put extra care into ensuring its platform steers clear of some of the sector’s more contentious aspects. The Malta-based sportsbook solutions provider launched its predictions platform, BETBY Predictions, today. The company plans to make the platform accessible to all firms in its partner network. BETBY has clearly observed the global growth of prediction platforms—Kalshi and Polymarket, for instance, were valued at $22bn and $9bn respectively as of March 2026. It has also taken note of the traditional gaming industry’s interest in predictions as a new vertical, though some stakeholders like the American Gaming Association (AGA) remain strongly opposed. Fanatics, DraftKings and FanDuel—in that order—have all rolled out prediction platforms in the US, while UK betting exchange Matchbook entered the space late last year, and the Gibraltar government has licensed its first predictions platform too. “BETBY Predictions represents a natural progression of the sportsbook experience,” said Kirill Nekrasov, Head of Innovation and R&D. “We’re taking the core principles of betting and applying them to areas beyond sports. “This is about transforming global moments into engaging opportunities for players, in a way that’s both scalable and responsible.” BETBY prioritizes tasteful content The rise of prediction platforms hasn’t been without controversy. First, there’s a legal debate over whether these platforms are considered gambling. Regulators in European countries like Belgium, France and Portugal say yes, as do US states like Nevada and Arizona, but the US federal regulator for the sector—the Commodity Futures Trading Commission (CFTC)—says no. It seems, however, that bookmakers interested in predictions (like the firms mentioned above) are more than happy to have their prediction platforms sit alongside their traditional sportsbooks—and this is the market BETBY is looking to target. But BETBY has also paid attention to another controversial element of predictions: the types of markets users can bet on. A key selling point for Kalshi and Polymarket is their range of political and current affairs events. These markets have included standard ones like who will become the next US President (similar to what traditional sportsbooks offer on their politics pages) to darker ones—such as the likelihood of US strikes on nations like Venezuela and Iran, the chances of ceasefires in wars, or whether China will invade Taiwan. The morbid nature of these bets has caught the attention of mainstream media like the BBC. It has also raised concerns about insider trading, given the potential for government officials with knowledge of upcoming decisions to place bets and profit. BETBY states that its own predictions platform was developed with careful safeguards, excluding “highly sensitive or controversial topics” like geopolitics, active conflicts and wars, and events “involving human suffering”. The firm also stresses that it retains “full control over market creation, ensuring that all content is carefully curated and reviewed, with a clear commitment to responsible and appropriate market selection”. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) - The Government of Gibraltar has confirmed a significant development by issuing a license to its inaugural prediction markets operator. While the government has not formally named the company, a Gibraltar-based entity, Predict Street Ltd, appears on the official register of licensed operators as a betting intermediary. This platform declares itself the "Official Prediction Market Partner of the FIFA World Cup 2026" and invites users to register for early access by providing their name, email, and country of residence. The Minister for Justice, Trade and Industry, Nigel Feetham, confirmed Gibraltar's entry into the expanding prediction market sector, indicating a strategic goal to broaden its gambling and financial services landscape. This decision is likely to attract attention, as Gibraltar is now among a small number of European jurisdictions permitting prediction markets. This stands in sharp opposition to other European nations such as the Netherlands, Romania, Ukraine, France, and Portugal. Due to the debate over whether these platforms constitute gambling, certain prediction businesses have been prohibited in various regions. For instance, the five countries listed have all expelled Polymarket from operating within their borders. Feetham announced the move in Parliament, stating it is part of a wider plan to draw new types of investment and establish Gibraltar as a leader in emerging gaming and fintech markets. “We have licensed a new company operating in the “prediction markets” sector, processing the application in record time following my attendance at Consensus Hong Kong last month,” he said. “This is the pace at which we must act to help offset at least some of the loss of tax revenues following the recent increase in UK Gambling Duty, while continuing to grow our local ecosystem. “We are working relentlessly to protect Gibraltar’s economic interests.” Gibraltar joins predictions hype Prediction markets, where users can trade on the results of real-world events, have become increasingly popular worldwide as tools for both investment and user engagement. Although marketed as financial services, these platforms are often likened to betting exchanges, and some regulatory bodies classify them as a form of gambling. The sector's leading firms, Kalshi and Polymarket, have received mixed reactions alongside a massive surge in user activity and revenue in recent months. Beyond facing scrutiny in Europe, both have been banned in New Zealand, and the Dutch regulator, the Kansspelautoriteit (KSA), recently ordered Polymarket to stop operations in the Netherlands for offering 'illegal gambling services'. Both companies have also been criticized for listing markets related to war. In the US, the largest market for these services, lawmakers are starting to respond; a bill was introduced to the US Senate last month to prohibit US government officials from trading on such sites. However, the financial potential of prediction markets is evident. The sites handle millions of dollars in wagers, and Kalshi achieved a valuation of $22bn (£16.5bn) last month after a funding round exceeding $1bn. It remains unconfirmed if one of the two major prediction market firms will establish operations in Gibraltar. Other prediction platforms or even traditional iGaming companies looking to expand into this area might also target the jurisdiction. This trend is not unusual; FanDuel and DraftKings have launched their own prediction platforms in the US, and the UK betting exchange Matchbook declared its plan to do the same last year, though with a primary focus on the US market. Regardless, it is apparent that Gibraltar's leaders are intent on diversifying the territory's gaming and fintech economy as they prepare for the consequences of the new UK tax regime, which takes effect today. The UK is a primary market for most gaming companies based in Gibraltar. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.