Mega Millions Jackpot Reaches $150 Million iGame

Mega Millions Jackpot Reaches $150 Million

(AsiaGameHub) - For the second consecutive Mega Millions drawing, there was no jackpot winner nor a Match 5 prize. Consequently, the jackpot has continued to grow, reaching an impressive $150 million for Friday’s drawing. Mega Millions Sees a Temporary Lull Yesterday’s Mega Millions drawing did not produce a grand prize winner. Additionally, it marked the second straight drawing without a prize of $2 million or more, indicating a brief slowdown in the game. The winning numbers drawn on April 21 were 1, 36, 43, 56, and 58, plus the gold Mega Ball 7. A hypothetical winner who matched all these numbers could have received $140 million via the annuity option or $62.8 million as a one-time lump sum. Moreover, matching the five white numbers but not the Mega Ball could have earned players between $2 million and $10 million, depending on the multiplier. While no one achieved this in the latest drawing, five players won the next-tier prize by matching four white numbers plus the gold Mega Ball. Two of them took home $20,000 each; one player got $40,000 due to a 4x multiplier, and another two won $50,000 each with a 5x multiplier. Since the jackpot remained unclaimed, it has now risen to $150 million with a cash option of $67.3 million. The next drawing is scheduled for this Friday at 11 pm ET. Two Mega Millions Jackpots Have Been Claimed The first 2026 Mega Millions jackpot was won in early March by a lucky Illinois player who matched all winning numbers. A few days later, the player came forward to claim the stunning $536 million prize. Only two drawings after that jackpot was hit, another player in Ohio won a $60 million jackpot. This second top prize was awarded on St. Patrick’s Day, with Mega Millions playfully attributing it to the “luck of the Irish.” 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.
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Evolution’s Q1 Revenue and Profit Fall Due to Weak Dollar and Europe Slowdown iGame

Evolution’s Q1 Revenue and Profit Fall Due to Weak Dollar and Europe Slowdown

(AsiaGameHub) - Evolution has released its interim report covering the quarter ending March 31 (Q1), noting small drops in revenue and EBITDA. The underwhelming results were linked to weak performances across Europe. Evolution’s Financial Performance Sees a Minor Drop For Q1 2026, Evolution recorded a 1.5% fall in net revenues, reaching EUR 513 million ($602.3 million). While the firm saw growth in Asia and the Americas, Europe’s lackluster showing led to a 5.9% regional decline. Europe’s struggles also contributed to a 1.9% decrease in the company’s Q1 EBITDA, which stood at EUR 335.3 million ($393.6 million) — equivalent to a margin of 65.4%. Evolution also posted a Q1 profit of EUR 251.9 million ($295.7 million), a 1% drop from Q1 2025. The company’s pre-dilution earnings per share edged up slightly to EUR 1.26 ($1.48). Evolution Sees Growth in LATAM; US Progress Tempered by Weak USD In its official statement, Evolution highlighted key Q1 milestones, including notable headway in its efforts to combat cybercrime in Asia. Elsewhere, the company launched its second studio in Latvia and acquired a second facility in Argentina. CEO Martin Carlesund commented on the progress, emphasizing a 29.3% growth rate in Latin America. He noted that beyond the new Argentine studio, Evolution is exploring expansion opportunities in Brazil and Colombia. The company’s North American performance was strong, but this was offset by the weak US dollar and unfavorable exchange rates. Canada, meanwhile, could offer further opportunities as Alberta prepares to roll out iGaming. Carlesund stated that Europe was the biggest disappointment in Q1, attributing the region’s weak performance to regulatory volatility and subjectivity. Evolution Stays Committed to Long-Term Value Generation CEO Carlesund expressed excitement for 2026, as it marks the company’s 20th anniversary. He noted that his team has come a long way and remains dedicated to further enhancing the quality of Evolution’s products. Carlesund hinted at an exciting 2026 roadmap that will feature the launch of various engaging products. He concluded that his team will stay focused on long-term value creation, never losing sight of what truly matters — player satisfaction. In the interim, Evolution’s board of directors decided not to propose any dividend for the 2025 financial year. 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.
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Churchill Downs to Purchase Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan Stakes iGame

Churchill Downs to Purchase Intellectual Property Rights of Preakness Stakes and Black-Eyed Susan Stakes

(AsiaGameHub) - Churchill Downs has confirmed it is moving forward with a plan to acquire the intellectual property, trademarks, and associated rights for the Preakness Stakes and Black Eyed Susan Stakes. Churchill Downs Moves on Preakness Stakes IP and Associated Rights Per an official press announcement, the company has entered into a definitive agreement with 1/ST Maryland LLC, the current owner of the assets, to purchase the aforementioned assets in a single $85-million transaction. Churchill Downs has centered its investments on the horse racing sector, its long-time core area of business, as the company continues pursuing industry consolidation even amid broader headwinds facing the sector. Company CEO Bill Carstanjen confirmed this approach in the official statement outlining the deal: “This acquisition adds one of the most iconic brands in American sports to our portfolio and aligns with our strategy of investing in premier Thoroughbred racing assets that carry long-term growth potential.” The acquisition is driven not only by a goal to control key assets within the thoroughbred racing ecosystem, but also by a desire to further develop and leverage the value of the brand. Carstanjen also highlighted potential opportunities tied to the redevelopment of Pimlico and the standing of the Preakness Stakes within the Triple Crown framework. However, the Preakness intellectual property rights are bound by an existing exclusive license agreement, which means Churchill Downs will need to license the rights to run the Preakness Stakes and Black-Eyed Susan Stakes to the State of Maryland in exchange for an annual fee. Thoroughbred Horse Racing Sector Holding Its Own The Preakness Stakes remains a permanent fixture on the horse racing calendar and a major opportunity across the industry. First run in 1873, it has served as the second leg of the Triple Crown since the series was established. The outgoing rights holder, 1/ST Chairman and CEO Belinda Stronach, shared that her company has served as steward of the Preakness Stakes’ intellectual property rights, but with the 151st running of the event approaching, this chapter will close as the company refocuses its efforts elsewhere. “We remain focused on our core assets in California and Florida and supporting a strong and sustainable future for the sport,” Stronach concluded. 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.
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Tbilisi – The Gaming Policy Hub as the SBC Regulators Forum 2026 Doubles in Size iGame

Tbilisi – The Gaming Policy Hub as the SBC Regulators Forum 2026 Doubles in Size

(AsiaGameHub) - As the gaming industry across CEE, the Balkans, and Central Asia enters a pivotal era of legislative transformation, SBC and SMH have announced an ambitious expansion for the SBC Regulators Forum 2026. Held on July 15-16 as part of SBC Summit Tbilisi, the event will gather at least twice as many regulatory bodies as previous editions, building a stronger, more connected forum for open regulatory dialogue. With 2,500 delegates and over 60 speakers expected to attend, this year’s gathering is designed to move beyond high-level abstract discussion and focus on coordinated regional action to tackle the industry’s most pressing challenges. An Action-Focused Agenda The 2026 programme shifts its core focus toward real-world operational realities. Key sessions will address the growing sophistication of the gaming black market, moving beyond generic compliance conversations to explore how “Big Tech,” financial institutions, and regulators can partner to disrupt illegal digital infrastructure. Attendees will also take part in hands-on workshops to develop a “National Disruption Playbook,” a tactical framework built to detect and dismantle illicit operations through coordinated cross-agency action. Beyond enforcement work, the forum will focus on strengthening market integrity through improved data-sharing models, with dedicated sessions for knowledge exchange between the private sector and law enforcement to more effectively combat fraud. A dedicated topic will also analyze regulators’ perspectives on upcoming industry developments to prepare for future shifts. A Key Regional Gateway Andrew McCarron, Managing Director at SBC, highlighted the importance of this year’s expanded format: “We aren’t just talking about the rules; we are facilitating the creation of tools to enforce them fairly. By doubling regulatory attendance, we ensure the 2,500 delegates joining us have a direct connection to the leaders shaping the future of CEE and Central Asian markets.” Lasha Machavariani, Founder of SMH, added: “Tbilisi is now the diplomatic hub of the regional gaming industry. This summit delivers the essential on-the-ground insight global operators need to navigate the shift from traditional frameworks to the modern, tech-driven regulations of tomorrow.” The SBC Regulators Forum remains an exclusive gathering for professionals working at the intersection of gaming policy and practice. As the region moves toward closer alignment with European standards, the 2026 event stands as the definitive meeting point for anyone looking to secure a foothold in one of the world’s most dynamic emerging gaming frontiers. Secure your ticket here. #SBCTbilisi #RegulatorsForum #iGamingPolicy #Compliance2026 #GamingNews 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.
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Simplified Self-Exclusion Mechanisms Introduced by Dutch Regulator iGame

Simplified Self-Exclusion Mechanisms Introduced by Dutch Regulator

(AsiaGameHub) - The Netherlands’ gambling regulatory body, Kansspelautoriteit (KSA), has rolled out a new system to streamline the process by which authorized third parties can sign up problem gamblers for the national self-exclusion program CRUKS. These updates aim to give court-appointed individuals or guardians who manage others’ finances greater legal authority to add those individuals to the register should problem gambling arise. Such authorizations are typically granted when individuals already face financial issues and are at risk of mishandling their money. Enrolling them in CRUKS removes the chance that problem gambling will worsen their financial situation. The KSA noted that earlier processes for authorized guardians to take this step were considered inefficient and legally complicated. Feedback on the old process highlighted an excessive amount of evidence required to prove both that problem gambling was occurring and that it had caused harm, along with lengthy processing delays. Now, the KSA has adjusted the process so that the authorized entity’s decision carries more weight—reducing the need for extra evidence—and has cut the processing deadline to a maximum of two weeks. CRUKS is one of the tools the KSA uses to address harmful gambling behaviors among the Dutch population; the system launched in 2021, coinciding with the introduction of regulated online gambling. In addition to CRUKS, the gambling regulator oversees a dedicated fund subsidized directly by the government, which provides financial support for projects aimed at minimizing gambling-related harm. The latest fundinground of funding awarded grants to five initiatives focused on developing research, education, prevention efforts, and policy work 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.
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Illinois Strengthens Ethics Regulations on Prediction Markets iGame

Illinois Strengthens Ethics Regulations on Prediction Markets

(AsiaGameHub) - Illinois is strengthening ethical guidelines throughout its state government, as Governor JB Pritzker has announced new limitations designed to prevent potential misconduct associated with the rapidly expanding prediction market sector. New Order Bars State Workers from Betting with Inside Information This action, implemented via an executive order on April 21, broadens current regulations by specifically prohibiting state employees and officials from utilizing confidential information to engage with event-based betting platforms. The order also bars them from providing such information to other individuals who could use it for profit. The popularity of prediction markets has increased significantly in recent years. These platforms let users place bets on real-world events, from elections to geopolitical shifts and corporate news. However, inconsistent oversight has prompted worries about integrity and openness, especially when users might possess non-public information. Officials state that the new policy is a required reaction to developing threats. Although Illinois law already forbids public employees from using insider knowledge for personal benefit, the administration contends that the changing landscape of these platforms demands more precise protective measures. Illinois Warns of Insider Abuse Amid Federal Oversight Gaps Per the governor's office, a shortage of robust federal regulation has fostered conditions where the misuse of sensitive data could occur without detection. The administration also referenced reports indicating that people with access to private information have made strategically timed bets prior to major international incidents, earning significant returns. Examples highlighted included trades executed just before major military actions and political changes, alongside bets placed anticipating high-stakes announcements in tech and entertainment. These incidents have intensified suspicions that certain participants are trading on data unavailable to the general public. The order has a wide application to all individuals employed by the state government, covering agency personnel, appointed officials, and board members. It forbids both directly using insider knowledge to trade on prediction markets and indirect actions, like assisting others with placing wagers. This initiative coincides with a wider conflict between state and federal governments regarding regulatory jurisdiction over these markets. Federal regulators claim that prediction platforms are governed by commodities trading statutes, whereas Illinois and other states argue they are akin to gambling and must be overseen locally. State leaders caution that stripping their power to supervise the industry may erode consumer safeguards and undermine confidence in public institutions. They emphasize that maintaining rigorous ethical limits is essential as innovative forms of online betting continue to grow. 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.
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Las Vegas Illegal Betting Ring Dismantled, Authorities Seize $8 Million in Funds iGame

Las Vegas Illegal Betting Ring Dismantled, Authorities Seize $8 Million in Funds

(AsiaGameHub) - Las Vegas law enforcement has shut down a purported illegal betting scheme worth millions of dollars after a long-term investigation with federal and state agencies. A 57-year-old local man, William West Roberts, is now confronting multiple criminal charges related to unlicensed gambling and alleged financial crimes. Tip-Off Sparks Investigation into Multi-Million Betting Ring The investigation conducted by the Nevada Gaming Control Board and the Federal Bureau of Investigation lasted several years. Undercover agents acted as gamblers to aid the probe, in addition to intelligence from a confidential informant. The investigation was initiated by a tip from Roberts' former girlfriend, a fact authorities later verified, according to a report in The Las Vegas Review-Journal. Official accounts state the accused facilitated sports betting via an offshore site thought to be located in Costa Rica. The network allegedly handled millions of dollars in wagers and also funneled money through seemingly legitimate enterprises, such as a gym and a betting consultancy. Authorities allege Roberts commingled profits from the illegal operation with revenue from these front businesses, obscuring the money's source. His financial documents could not account for the extent of his expenditures and gambling. Multiple banks and casinos reported anomalous transactions and severed ties with him over suspicions of illicit activity. Suspect Faces Charges After Millions Wagered via Sportsbooks Authorities approximate that nearly $8 million in bets were made at legal sportsbooks in Nevada as a tactic employed by illicit bookies. Betting with licensed entities allows such operators to hedge against potential losses from their clients and control risk in their unlawful businesses. From 2022 to 2026, the suspect was associated with numerous large cash dealings, each one surpassing the mandatory reporting limits for financial institutions. These activities further alerted regulators and helped strengthen the case against him. Roberts is now charged with several felonies, such as running an unlicensed gambling enterprise and taking wagers. Additional charges concern purported efforts to hide the source of money and conducting unauthorized betting operations that crossed state boundaries.Roberts has been released on bail and is scheduled to appear in court in mid-May. Currently, no official defense has been lodged. 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.
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SC Business Faces Legal Action Over Arcade Machines Allegedly Violating Gambling Laws iGame

SC Business Faces Legal Action Over Arcade Machines Allegedly Violating Gambling Laws

(AsiaGameHub) - A legal challenge has been launched against Dave & Buster’s by business owners in South Carolina, who claim that certain machines provided by the company violate state gambling statutes. The plaintiffs are seeking to recover money lost by individuals playing these games. South Carolina Group Expresses Dissatisfaction with Dave & Buster’s Machines The lawsuit was initiated on April 15 by SC Citizens For Equal Enforcement of Gambling Laws. The filing alleges that various machines found at Dave & Buster’s establishments do not comply with South Carolina law. The group represents entrepreneurs who contend that the state's gambling regulations are "selectively enforced." They point out that while some businesses have seen their games confiscated and liquor licenses pulled during raids, Dave & Buster’s locations have not faced the same consequences. By way of background, attempts by South Carolina legislators to legalize specific skill-based video gaming machines have failed. As such, these types of games are prohibited if they provide prizes of significant value. Jim Griffin, a representative for SC Citizens For Equal Enforcement of Gambling Laws, remarked that the legal ambiguity surrounding these gaming products has caused inconsistent enforcement. He stated his hope that the lawsuit would lead to greater legal clarity and fairness. Arcade Games Offer High-Value Prizes to Participants Dave & Buster’s sites in South Carolina feature a dedicated space known as The Midway, which offers VR experiences, video games, and arcades. Players use pre-paid cards to earn digital tickets that can be exchanged for various rewards, including electronic devices. The SC Citizens For Equal Enforcement of Gambling Laws argues that these arcade setups breach state gambling prohibitions because the rewards can be redeemed for items of value. The organization pointed to previous legal precedents where similar gaming products were removed for offering valuable prizes. They are now seeking a court order for Dave & Buster’s to provide restitution to any player who lost over $50. 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.
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Thunderspin Unveils New Brand Identity with Fresh Philosophy for Modern Online Gaming iGame

Thunderspin Unveils New Brand Identity with Fresh Philosophy for Modern Online Gaming

(AsiaGameHub) - Thunderspin, a fast-expanding iGaming firm, has formally concluded a major rebranding initiative, unveiling a fresh logo, visual identity, brand platform, and strategy that encompasses its outlook for the iGaming industry's future. The revitalized brand centers on the slogan "Games That Make Sense," embodying Thunderspin's core belief in crafting games that transcend mere mechanics and payouts to offer players genuinely significant experiences. This rebrand marks a strategic advancement for the company as it expands its presence in the iGaming market. In addition to the new visual identity, Thunderspin has defined its brand values and philosophy, founded on creativity, emotional connection, and innovation. The company asserts that iGaming should not be solely characterized by algorithms and outcomes. Instead, it should fuse interaction, nostalgia, discovery, and emotion to forge experiences that connect with players and imbue the gaming process with authentic purpose. Central to Thunderspin's new corporate identity is a logo featuring a metallic textured effect, conveying an impression of solidity, structure, and endurance. This material quality does more than provide a visual impact; it mirrors the company's game development methodology, which merges precision, engineering, and creativity. The new Thunderspin brand identity utilizes a design language heavily influenced by metallic textures and elements drawn from real-world materials. This approach is somewhat uncommon in the iGaming sector, where visual design frequently favors a flat, purely digital aesthetic. ThunderSpin, in contrast, introduces a tangible quality, endowing the brand with substance, structure, and a palpable reality. For us, the brand must embody a deeper philosophy regarding how games ought to be made. Too frequently, games are built merely to operate mechanically. We are convinced that a game should be meaningful on several fronts: emotionally, visually, and in the quality of the experience. This rebranding represents a natural progression in ThunderSpin's evolution. Our growth necessitated a brand that more accurately portrays our current identity—more assured, more inventive, and more in tune with our vision for the iGaming industry's future. This is not merely a cosmetic update; it is a more definitive articulation of our philosophy and the type of experience we aim to deliver. Gaming is an intrinsically human activity. From early childhood, people possess a natural instinct to play, experiment, take chances, and feel the thrill of discovery. At Thunderspin, we channel this innate urge to play into a contemporary gaming experience. Each game we develop is a distinct universe with its own visual style, mechanics, and emotional tone. Our objective is not just to launch games, but to forge experiences that rise above the commonplace and lend gameplay depth and significance. Says Thunderspin Brand Marketing Lead Salome Lomtadze. Through its new brand identity, ThunderSpin is establishing itself as an enterprise that fuses technology, creativity, and narrative to redefine how games are enjoyed. The company's philosophy is based on converting the fundamental human craving for play—along with the adrenaline of risk, curiosity, and discovery—into a modern and purposeful gaming experience. With its new brand identity, ThunderSpin is doing more than altering the appearance of its games; it is fundamentally overhauling the gameplay experience itself. By integrating technology, creativity, and purpose, the company is establishing a new benchmark for the potential of iGaming. And underpinning everything remains a straightforward concept: "Games that make sense." About Thunderspin Thunderspin is a premier iGaming studio focused on producing high-quality, innovative slot games for a global audience. Boasting a growing library of over 55 titles, the company integrates cutting-edge technology, creative design, and compelling storytelling to provide a distinctive player experience. Operating worldwide, Thunderspin collaborates with top industry platforms and operators, steadily broadening its reach and impact. The studio is driven by a commitment to originality, player engagement, and lasting value, creating games that excel visually and in their gameplay. With a dedicated emphasis on innovation and creativity, Thunderspin is influencing the future of online gaming by delivering products that move beyond conventional mechanics and offer meaningful entertainment to players across the globe. 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.
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BETBY follows up on its predictions initiative with a media-inspired engagement tool iGame

BETBY follows up on its predictions initiative with a media-inspired engagement tool

(AsiaGameHub) - BETBY is bolstering its marketing and promotional capabilities within the international betting sector, building upon its recent expansions into streaming and predictive services. The sportsbook solutions provider today unveiled ‘Stories,’ a new feature designed to showcase promotions and major events by drawing inspiration from popular media platforms. Fully integrated into the BETBY sportsbook ecosystem, the feature utilizes interactive content cards. BETBY anticipates that this format will foster greater user familiarity and drive increased engagement. “Stories is about meeting users where they already are, in terms of how they consume content,” stated Aglaja Geta, Head of UX and Analytics at BETBY. “We wanted to introduce a format that feels instantly familiar, while giving operators a powerful new way to highlight their most important promotions and events. “It creates a smoother, more engaging experience that encourages interaction without adding complexity to the platform.” BETBY expects the new tool to succeed given the heightened competition within the betting and gaming industry in 2026. This market intensity is particularly evident with the World Cup approaching in less than two months. Marketing budgets are facing significant pressure in Europe, as substantial tax regimes in major markets like the UK, France, the Netherlands, and Germany strain operator finances. Consequently, a product like Stories—with its potential to boost customer engagement—may prove increasingly attractive to operators looking to differentiate themselves from a crowded field of competitors. 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.
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Regional Casinos Maintain Strength While Gaming Stocks Lag iGame

Regional Casinos Maintain Strength While Gaming Stocks Lag

(AsiaGameHub) - In February, Truist Securities analyst Barry Jonas shared his perspective on early-year gaming stocks, noting their continued weakness due to investor wariness around prediction markets, even as the broader gaming market shows steady patterns. In a new note dated April 21, the analyst restated his view: gaming stocks continue to be unpopular with investors, although initial indications of steadiness are emerging in some industry segments. Jonas detailed that the most difficult environment persists in Las Vegas, where the Strip is grappling with limited growth and casinos catering to local residents are dealing with short-term, unique issues. Jonas contended that regional casino operators, favored by patrons staying nearer to home, "have the best setup" going into first-quarter earnings reports. He highlighted Churchill Downs and Monarch Casinos & Resorts as his preferred picks. Online Gambling, Less Stable Jonas added that online gambling "remained challenged," positioned between the growth of online sports betting and the emergence of prediction markets. Wider economic and oil price worries are also dampening investor mood toward gaming stocks. Major events failed to significantly boost Las Vegas's results. A sizable CON/AGG exposition with 140,000 attendees had minimal impact on improving cash flow for the Strip. Jonas observed that hotel occupancy and tourism hit their lowest point in the first quarter, although revenue per available room increased by 5%. Nevertheless, he highlighted persistent weakness in leisure travel. “We don’t think it was enough to offset overall softness in the leisure segment with the well-known challenges at the low end, softer international visitation and value-perception issues,” Jonas stated. Operators Are Adjusting To tackle pricing worries, Caesars Entertainment and MGM Resorts International have launched value-focused hotel packages. “Still, it remains to be seen what sort of upside this will yield,” Jonas continued, emphasizing that second-quarter performance will be key to monitor. Las Vegas hotel rates have been volatile, declining early in the year, rising in March, falling once more in April, and then recovering in May and June. Discussing corporate moves, Jonas mentioned Caesars' stock, which is being influenced more by buyout rumors than by its core business health. “We see any such deal as complex, given the elevated leverage of parties involved,” he remarked, noting that regulatory oversight would probably be intense. Regional Casinos Stand Firmer Station Casinos is under temporary strain from refurbishments, and Boyd Gaming is reporting varied outcomes at its travel-focused properties. However, local demand is consistent, bolstered by new projects such as Cadence Crossing. Jonas also identified more robust regional players like Penn Entertainment and Boyd, in addition to Monarch and Churchill Downs. He suggested the Kentucky Derby might contribute an extra $15 million to $20 million in cash flow. Amid wider market doubts, Jonas attributed regional resilience mainly to "continued trade-down activity amongst consumers," even while Las Vegas trails. 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.
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Italy: Meloni’s Lieutenants Working Against Tight Deadlines to Deliver Betting Changes iGame

Italy: Meloni’s Lieutenants Working Against Tight Deadlines to Deliver Betting Changes

(AsiaGameHub) - Regulating gambling across Italy has become a top priority for the Meloni government this Spring. Upcoming changes to Italy’s retail gambling laws, paired with renewed debate around repealing the 2018 Dignity Decree’s full ban on gambling advertising and sponsorships, have moved into the spotlight after a series of ministerial updates released this week. Speaking to delegates at Italy’s First Anti-Fraud Conference, Deputy Minister of Economy and Finance Maurizio Leo confirmed he is ready to present the long-awaited Reorganisation Decree focused on land-based gambling to the Council of Ministers. After a minor delay, Leo stated that the decree will be submitted within the “next ten days”, launching preliminary review of reforms that have already been agreed between the Meloni government and Italy’s 20 administrative regions. The overhaul of Italy’s land-based gambling sector has been in development for two years, with Leo leading negotiations between the Ministry of Economy and Finance (MEF) and the Conference of Regions and Autonomous Provinces. The decree prioritizes a full restructuring of Italy’s licensing framework for land-based gambling venues, alongside the rollout of uniform national standards for safer gambling controls and operational rules. Leo emphasized that these retail gambling reforms extend beyond fiscal goals, framing the package as a combined measure to improve tax collection, uphold public order, and fight crime. He warned that illegal gambling does more than cut into government revenue: it acts as a pipeline for organised crime and money laundering to infiltrate the legitimate Italian economy. A core element of the decree is the introduction of a regional revenue-sharing model, with ongoing talks to allocate a share of land-based gambling income to local governments. This change is designed to align the priorities of the national government and regions, and stabilize the new operating framework for land-based gambling licences. Leo on the clock… While the Meloni government remains on its overall timeline, pressure is mounting to finalize and enact the Reorganisation Decree into law. Upcoming steps are time-critical, as the full legislative process must be completed by the August 29 tax delegation deadline, or no new tenders can be opened. As explained by AgiProNews: “The measure must finish its full legislative process by the tax delegation deadline, set for August 29, otherwise it will be impossible to launch new tenders, which would lead to further extensions of existing concessions. “After approval by the executive branch, the bill will be sent to the Joint Conference and relevant parliamentary committees to gather the required consensus and input.” Calcio Concerns Since April 8, the Italian Senate has opened formal proceedings examining the state of Italian football, prompted by the Azzurri’s failure to qualify for the 2026 FIFA World Cup – a third consecutive absence that has stepped up political and institutional scrutiny of the sport’s governance and funding model. At the center of discussions is the proposed “right-to-bet” framework, which would see a portion of overall gambling and sports betting revenues redistributed to football and other sports bodies across Italy. The framework is framed as a mechanism to reinvest betting proceeds back into the sports ecosystem that generates them, including for stadium upgrades, youth development academies, and the expansion of women’s sports. Sports Minister Andrea Abodi backed the principle in the Senate: “In other countries, betting acts as a driver of competition… Most stakeholders support the right to bet framework, which shares sports betting proceeds with the event organiser as compensation.” He went on to criticize the current structure, adding: “Clubs organise events and invest in better match preparation… and then, despite being the main investors, they are locked out of betting proceeds.” The minister also tied the proposal to protecting market integrity and fighting illegal betting, warning: “The main investor in an event is also the entity that certifies match data… it is clear that this is a key factor in the competition between legal and illegal betting markets.” The proposal has earned backing from outgoing FIGC President Gabriele Gravina, who stepped down after Italy’s decisive defeat to Bosnia and Herzegovina – a result that confirmed the Azzurri’s exclusion from the 2026 tournament. Gravina has long argued that Italian football needs new, sustainable funding channels to remain competitive with its European peer leagues. At the same time, pressure is growing on the Meloni government to review the ongoing enforcement of the 2018 Dignity Decree, introduced by the former Lega–Five Star coalition, which implemented a full ban on gambling advertising and sponsorships. Sports and media stakeholders have long argued that this policy has cost Italian football and broadcasters up to €1bn in lost commercial revenue, weakening the sport’s financial foundation. Abodi confirmed that any reform will go through further consultation, saying: “Regarding the percentage of revenue allocated, I am willing to discuss this with Parliament, the Ministry of Economy and Finance, and the Customs and Monopolies Agency.” He also stressed that gambler protection will remain central to any reforms: “One way to combat gambling harm is to improve bettor traceability, place limits on excessive betting, and thus provide support to state-licensed concessionaires.” Just like the land-based reorganisation decree, the rollout of a right-to-bet model now faces a tight political and legislative timetable. Abodi must negotiate terms in the coming months with Serie A and the Olympic Committee of CONI to define how revenues will be allocated and governed. Pressure is growing on Meloni’s key allies to meet their legislative deadlines, particularly on Abodi to secure repeal of the Dignity Decree. The fragile state of Italian football is a top sensitive political issue in 2026, with pressure amplified by media and public demand for a clear plan to restore the standing of Calcio. 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.
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FDJ United becomes latest casualty of rising gambling taxes across Europe iGame

FDJ United becomes latest casualty of rising gambling taxes across Europe

(AsiaGameHub) - European gambling tax systems have prevented FDJ United from seeing any meaningful top-line revenue growth in Q1 2026, according to the French gaming behemoth. In the January-March period, even though gross gaming revenue (GGR) reached €2.1 billion (a 1% year-on-year increase), FDJ United noted its revenue fell 3% to €895 million—due to €24 million in gaming tax deductions—with an extra €90 million projected to affect its full-year 2026 results. Breaking down performance by segment, revenue decreased year-over-year (YoY) across all business lines except international lottery. This segment was the sole product to post growth—an impressive 7% YoY—totaling €41 million (compared to €38 million in Q1 2025). Online betting and gaming suffered the most significant decline, falling 7.7% YoY to €213 million (from €231 million in Q1 2025). French lottery and retail sports betting generated €627 million, a 2.1% drop from the prior corresponding period’s (pcp) €640 million. The Payment and Services segment decreased 7.2% YoY to €14 million (pcp: €16 million). It’s worth noting that France currently has Europe’s strictest gambling tax framework, which tightened further in July 2025 with the implementation of the updated Social Security Financing Act. This adjustment raised public levy rates for online sports betting from 54.9% to 59.3% of GGR. Point-of-sale public levies increased from 41.1% to 42.1% of GGR, while online poker levies jumped from 0.2% to 10% of GGR. Furthermore, public levies for Loto and Euromillions lottery games rose from 68% to 69% of GGR, and draw games and instant games experienced a hike from 55.5% to 56.5% of GGR. In the Netherlands, the second phase of a planned two-step tax increase pushed gambling taxes to 37.8% of GGR in January, up from the prior 34.2%. For the Dutch market in Q1, FDJ United’s GGR fell by 14.5% and its revenue decreased by 19.9%. In the UK, where FDJ United runs Unibet and 32red, the Remote Gaming Duty was drastically raised from 21% to 40% at the beginning of April. This is expected to further disrupt the company’s H1 2026 results, which are scheduled to be released on July 29. Even prior to this tax hike, FDJ United’s UK revenue had already declined by 24.1% YoY in the January-March period. To work toward its FY26 targets—including a recurring EBITDA margin of 23-24%, better annual performance in online betting and gaming, and a return to GGR growth in the second half of the year—FDJ United has named Dan Lévy as its new Chief Financial Officer, starting May 18. Stéphane Pallez, CEO of FDJ United, recapped the company’s Q1 performance and laid out its key priorities moving ahead. She stated: “Amid an environment still impacted by tax hikes and stricter gaming regulations, the Group is ramping up its focus on operational efficiency, synergies, and financial prudence. Our goal is to return to sustainable, value-driven growth starting in the second half of the year, for the benefit of all our stakeholders.” 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.
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Sky Betting and Gaming data consent case sent back to High Court iGame

Sky Betting and Gaming data consent case sent back to High Court

(AsiaGameHub) - Sky Betting and Gaming (SBG) has won the right to appeal a 2025 High Court decision related to marketing materials sent to an individual who identifies as a problem gambler. The Court of Appeal, led by Lord Justice Warby, found that the January 2025 High Court judgment from Justice Collins Rice relied on an incorrect legal approach regarding the evidence required to confirm a data subject had provided consent. The High Court case RTM v Bonne Terre Limited & Anor concluded last year, with Justice Rice ruling that the claimant—referred to as RTM—had not given legally valid consent for the collection of their personal data. RTM was later sent direct marketing messages based on SBG’s cookie placement and data gathering. Between 2007 and 2019, RTM gambled on SBG’s platform and lost £45,000, a figure disclosed publicly last year. SBG immediately stated its intention to appeal the decision and subsequently filed an appeal on five separate grounds. During the process, the Information Commissioner’s Office (ICO) intervened to provide guidance to the court on the topic of consent for data collection. “We’re glad the Court of Appeal has sided with us. This is a crucial decision not just for Sky Bet but for the entire industry,” a Flutter UK&I representative told SBC News. “We take pride in our industry-leading focus on customer safety and remain fully dedicated to protecting players.” Debating data consent SBG’s primary argument was against Justice Rice’s claim that “consent is subjective, not objective” and that RTM could not have given consent due to being a problem gambler. According to Justice Warby’s interpretation of UK GDPR regulations, a data controller like SBG must demonstrate that a data subject (RTM) provided an “indication” of their preferences for data processing related to direct marketing. This indication is based on objective criteria: the user’s consent must be freely given, specific, informed, and unambiguous. “The data controller does not have to prove what the individual data subject was actually thinking at the time of the ‘indication’,” the court’s ruling stated. “For this purpose, it is neither necessary nor relevant to investigate whether the individual data subject was vulnerable or had an impaired ability to make fully autonomous decisions.” The ruling essentially found that SBG could not have been aware at the time that RTM’s problem gambling might have influenced their decision to give consent. With all five of SBG’s appeal grounds approved, the case will now be returned to the High Court. “This is an important and sensible judgment,” said Patrick Rennie, Partner and Head of Data Protection at Wiggin LLP—the law firm representing SBG in the appeal. “Data controllers need to understand what data protection laws require of them and how to comply. The original judgment left controllers, particularly operators, in an impossible situation similar to strict liability. “The Court of Appeal’s decision brings greater clarity, allowing controllers to focus on delivering services in a compliant and confident way.” 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.
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Outshine the Competition in Betsoft’s The Auction House iGame

Outshine the Competition in Betsoft’s The Auction House

(AsiaGameHub) - Betsoft is taking players on an exciting bidding adventure with its brand-new game, The Auction House. Just as the name implies, gamblers spin the reels in this title to try to claim valuable items and potentially lucrative cash rewards. The Auction House Metrics Rows: 4 Reels: 5 Paylines: 20 RTP: 96.15% Volatility: Very High Min/max bet: 0.20/40 Max win: 10,000x Where Ambition Meets Reward The Auction House revolves around participating in a luxurious auction of high-end premium goods. As players spin the reels, they will collect symbols representing fine jewelry, luxury vehicles, marble statues, and rare gemstones. The auctioneer himself appears in the game, acting as the Wild symbol to help players land valuable winning paylines. Scatter symbols, meanwhile, are designed as a personal invitation to The Auction House, granting players entry to a special exclusive VIP auction. Players also have the option to buy directly into the bonus round in regions where this feature is permitted. Multiple Features Allow Players to Win Big Betsoft’s newest title comes with a range of engaging features, including the Hold & Win Feature, which activates when players land 6 or more scattered Bonus symbols. The triggering Bonus symbols are locked in place, and players receive 3 respins to earn significant payouts. Any new Bonus symbols that land are also locked, further boosting the game’s winning potential. Three or more Scatter symbols, on the other hand, trigger Free Spins. Players can earn up to 9 free spins total, depending on how many Scatters they land: three Scatters award 5 free spins, four Scatters award 7 free spins, and five Scatters award 9 free spins. As mentioned earlier, the game offers the Buy Bonus feature in markets where this is allowed. This feature gives players the chance to purchase 5, 7, or 9 free spins directly. The base game also includes the Random Wilds feature: if a spin with landed Wild symbols does not trigger either Free Spins or Hold & Win, there is a chance that between 4 and 19 extra Wild symbols will be spawned on the reels. 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.
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Treasure Island Resort in Minnesota to Host Snoop Dogg Concert iGame

Treasure Island Resort in Minnesota to Host Snoop Dogg Concert

(AsiaGameHub) - Treasure Island Resort & Casino in Minnesota has secured its most prominent performer to date for the 2026 Summer Concert Series, revealing that Snoop Dogg will take the stage on Saturday, September 5. The show will be held at the property's 16,000-seat outdoor amphitheater. Snoop to Perform at Treasure Island in Minnesota Snoop Dogg is unquestionably the top-billed artist for the 2026 Treasure Island Summer Concert Series. The lineup also includes other performers such as Yachtley Crew (July 3), comedian Gabriel Iglesias (July 31), and Shinedown (August 21). Following the release of his debut album, Doggystyle, in 1993, Snoop has been an innovator in hip-hop, broadening his influence into TV, movies, sports, and lifestyle projects with Martha Stewart. The West Coast icon was also selected as one of Time magazine’s “100 Most Influential People” last year. The resort boasts more than 1,800 slot machines, video poker and video keno, in addition to 40 live dealer table games, a dedicated poker room, and a 500-seat bingo hall. The facility also houses Minnesota's second-largest hotel, featuring 788 rooms, and is owned and run by the Prairie Island Indian Community. Situated in Welch, the entertainment destination is approximately 40 minutes by car from the Twin Cities. Although the artist's music has consistently contained adult themes, making it generally inappropriate for young kids, Treasure Island has stated the concert is open to ages 5+. This policy permits parents to bring their children to see the hip-hop icon. Per Treasure Island Amphitheater rules, anyone under 18 must be accompanied by an adult throughout the event. Nonetheless, parental guidance is advised for younger guests. The venue's website also states that the sale and consumption of cannabis during the concert are banned. However, enforcement may prove challenging given Snoop Dogg's well-known association with marijuana. He has been a longtime, heavy user of the plant, a topic frequently referenced in his music. Snoop also holds investments in a number of cannabis businesses. Snoop Is More Deeply Involved in gambling than Just This Concert While he is undoubtedly best known for his prolific music career, Snoop Dogg has also entered the gambling world via a sweepstakes casino platform named Dogg House Casino. The rapper introduced the casino earlier this year, stating he designed it based on his personal playing preferences. Accessible through a website and an app, Dogg House Casino provides a music playlist and an interactive gaming experience reportedly overseen by Snoop. Its sweepstakes currency is known as Dogg Cash, a type of digital credit redeemable for real money. The platform includes Snoop-themed slot and table games, plus the chance to play poker against a digital avatar of the artist. 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.
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FBI Director Files Lawsuit Against The Atlantic Over Allegations of Heavy Drinking iGame

FBI Director Files Lawsuit Against The Atlantic Over Allegations of Heavy Drinking

(AsiaGameHub) - FBI Director Kash Patel has initiated a $250 million defamation suit against The Atlantic, filed on Monday. The legal action contends that the magazine circulated inaccurate and damaging reports regarding his personal conduct, which include claims of heavy drinking and unpredictable behavior in Las Vegas, his city of residence. Patel Sues The Atlantic The 19-page lawsuit was submitted to the US District Court in Washington and names the article's writer, Sarah Fitzpatrick, as a co-defendant. The legal filing states its objective is to make the defendants answer for what it characterizes as a "sweeping, malicious, and defamatory hit piece." Within the suit, Patel points to 17 specific statements from the article that he alleges are defamatory. These consist of assertions that he "is known to drink to the point of obvious intoxication, often at the private club Ned’s in Washington, D.C.," and that he "drinks heavily at the Poodle Room in Las Vegas." According to The Atlantic's piece, The Poodle Room is an exclusive social club located on top of the Fontainebleau Las Vegas hotel, a place he regularly visits on weekends. In a statement issued by his legal representatives at the Binnall Law Group, Patel declared The Atlantic's story to be false. He further mentioned that the publication was given correct information prior to publishing but opted to proceed with false allegations. Patel also emphasized his commitment to safeguarding the American public, citing the FBI's achievement of what he called the most substantial crime reduction in US history. He added that adverse press would not weaken or stop the agency's work. The lawsuit maintains that Director Patel does not engage in heavy drinking at those venues or any other location, and his conduct has never raised alarms within government circles. It reiterates the goal of holding the defendants accountable for a "sweeping, malicious, and defamatory hit piece." The Atlantic Won’t Back Down The Atlantic has affirmed its support for Fitzpatrick and the integrity of her reporting, vowing to vigorously contest what it labels a "meritless lawsuit." The publication has also declined to reveal its sources, citing standard journalistic protocols for handling confidential internal information. For her part, Fitzpatrick noted that she conducted interviews with over two dozen people who were permitted anonymity to speak about delicate information and private discussions. Despite this, Patel's lawsuit argues that the defendants cannot avoid liability for their writings by "hiding behind sham sources." In unrelated FBI news, the bureau is requesting public assistance to identify the individuals responsible for shooting rapper Offset recently outside the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. 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.
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PokerStars Mystery Bounty Series Approaches, Promising a Week of High-Stakes Play iGame

PokerStars Mystery Bounty Series Approaches, Promising a Week of High-Stakes Play

(AsiaGameHub) - Professional poker players are gearing up for a highly awaited online series this spring. In just a few days, the PokerStars Mystery Bounty Series makes its return, offering contestants numerous opportunities to engage in high-stakes competition and secure impressive rewards. Over a Week of Continuous Poker Action This year's PokerStars Mystery Bounty Series is scheduled to take place from April 26 through May 4. Every day of the series promises new surprises, giving players the chance to test their skills against others and earn prizes. Regarding the prizes, the series boasts a total of $3 million in guaranteed payouts. This prize money is spread across 55 individual tournaments included in the PokerStars Mystery Bounty Series schedule. Entry fees vary from $5.50 to $215, ensuring that players with various bankrolls can participate. A major attraction is the $109 Main Event, featuring a massive $500,000 guarantee. Additionally, an $11 Mini Main Event will offer $100,000 in guaranteed prizes. The excitement begins immediately on the first day with a $75 Sunday Special, which carries a $350,000 guarantee, allowing players to create memorable highlights right from the start. Knock Out Competitors to Earn Mystery Bounty Tokens The defining feature of the PokerStars Mystery Bounty Series is its namesake Mystery Bounty structure. In this format, the value of bounties remains hidden initially, introducing an element of suspense to the competition. Bounties aren't handed out right away; instead, the Mystery Bounty phase begins only after the “In The Money” stage is reached. The exact timing of this transition depends on the progression of each specific tournament. After the mystery portion commences, players earn a Mystery Bounty token for every opponent they eliminate. These tokens can be exchanged for a random prize from the available pool. To heighten the excitement, the value of these rewards can fluctuate greatly. 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.
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Powerball Jackpot Reaches $100M; Missouri Ticket Holder Claims $1M Prize iGame

Powerball Jackpot Reaches $100M; Missouri Ticket Holder Claims $1M Prize

(AsiaGameHub) - A Powerball participant in Missouri has become the state’s newest millionaire by claiming a seven-figure prize from the lottery. Just one more matching number would have let them take home the game’s $87 million jackpot. Missouri Player Takes Home Big Prize The Monday Powerball drawing kicked off the new week with excitement, as another player managed to match five white numbers and claim a seven-figure prize. This time around, the lucky ticket holder was from Missouri, who won $1 million by matching all five white balls in the drawing. To provide context, the winning numbers for the April 20 drawing were 9, 17, 36, 47, 64, along with the red Powerball number 26. Matching all these numbers would have resulted in an $87 million prize— or $39.7 million if a potential winner had chosen the one-time lump sum instead of the annuity payment. Besides the fortunate Missouri resident, ten other players took home the game’s third-tier prize. Five of these players earned $50,000 each, while the other five won $150,000 each apiece, all due to the Power Play feature and its 3x multiplier. Because no one claimed the jackpot, it kept growing and has now hit the $100 million milestone. A potential winner could choose either the annuity to receive the full amount or a one-time lump sum of $45.6 million. Saturday Drawing Gives Out Two $1 Million Prizes Meanwhile, the Saturday Powerball drawing gave Match 5 prizes to two different players. Since neither had the Power Play option active, both will take home $1 million. Earlier this month, a player in Delaware won the most recent Powerball jackpot, taking home $231 million. That same drawing also gave a $2 million Power Play prize to a lucky Texan. Elsewhere, Britain is gearing up to join in the action: Allwyn announced that the UK will launch its own Powerball game. This means Britons will have the opportunity to take part and compete with American players for the same jackpot. 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.
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Massachusetts Officials Wary of Minor Involvement in Prediction Markets iGame

Massachusetts Officials Wary of Minor Involvement in Prediction Markets

(AsiaGameHub) - The Massachusetts Gaming Commission is worried that prediction markets are providing trading instruments to individuals under 21. State gambling officials have long maintained that prediction markets essentially offer sports betting—even to those who are too young to gamble. Prediction Markets Enable Younger Users to Trade Event Contracts Jordan Maynard, chair of the Massachusetts Gaming Commission, voiced shared growing concerns that prediction markets are targeting users under 21—the legal gambling age in Massachusetts. In contrast to the gaming sector, prediction markets permit participation by anyone aged 18 or older. During an appearance on WCVB’s “On the Record” program, Maynard criticized prediction markets as an unregulated form of gambling. This comes amid wider pushback against the industry, despite prediction market operators’ claims that their CFTC-regulated trading products do not qualify as gambling. Adding to these worries, Maynard indicated that the loose ID verification practices of prediction market platforms could potentially allow even younger individuals to take part. Maynard’s concerns weren’t limited to the underage gambling fostered by prediction markets; he also highlighted the lack of responsible gaming tools on event contract platforms. He noted that traders who experience harm from event contracts cannot access the same self-exclusion tools—such as BetBlocker—that are available to traditional gambling enthusiasts. Prediction Markets Remain a Controversial Issue The ambiguous position of prediction markets within the broader regulatory ecosystem has been a point of disagreement for months. While the CFTC has accused state regulators of overstepping their authority in attempts to regulate the sector, gambling regulators, tribal authorities, and some traditional gaming industry stakeholders have all firmly rejected the prediction market model. Concerned experts have warned that CFTC oversight effectively allows prediction markets to operate in all 50 states, creating an uneven playing field—especially since their traditional betting counterparts are regulated on a state-by-state basis. Meanwhile, some have raised worries that this model enables prediction market operators to offer event contracts even in states where sports betting is prohibited, setting a dangerous precedent. These states lack sufficient problem gambling education and are not prepared for the potential addictive consequences of prediction products. 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.
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