Brazil Bans Online Betting and Gaming
Brazil's government issued a provisional executive measure banning all online betting and gaming. Flutter announced immediate exit.
Breaking News
The latest developments moving the iGaming and betting industry right now.
Caesars Faces Demand Letter Over Latham Conflict
Caesars Entertainment disclosed a stockholder demand letter alleging its Fertitta merger proxy omitted a Latham & Watkins law firm conflict of interest.
Connecticut Orders Polymarket, Robinhood to Stop Sports Bets
Connecticut hit Polymarket, Robinhood, Coinbase and six other prediction markets with cease-and-desist orders and subpoenaed 29 payment, data and media firms.
Anthony and Laura Lee Plead Guilty in Election Betting Case
Anthony Lee and wife Laura Lee pleaded guilty September 10 to cheating under the Gambling Act 2005 over bets on the 2024 UK election date pre-announcement.
Ninth Circuit Sides With Nevada Over Kalshi
The Ninth Circuit ruled Kalshi's sports contracts aren't federally exempt swaps, backing Nevada's power to bar them and splitting from the Third Circuit.
DraftKings Upsizes Term Loan B to Retire 2028 Converts
DraftKings closed a $700 million Term Loan B on August 25, upsized from $600 million on strong lender demand, to buy back its 0% convertible notes due 2028.
Florida Sues Stake and VGW Over Sweepstakes Casinos
Florida's attorney general sued Stake and VGW Holdings on August 19, alleging their sweepstakes casinos are illegal, unlicensed gambling operations.
Evoke Flags Going-Concern Doubt Ahead of Bally's Vote
Evoke's H1 2026 results flag two going-concern risks tied to its Bally's Intralot takeover, against roughly £769 million of debt maturing in July 2028.
Kalshi's Nevada, Michigan Geofencing Deadlines Arrive
Kalshi faces $120,000-a-day fines in Nevada and $500,000-a-day fines in Michigan this week over missed geofencing deadlines for its prediction markets.
Bally's Pauses $1.7bn Chicago Casino Construction
Bally's Corporation paused non-gaming construction on its $1.7 billion Chicago casino on August 9, 2026, in a dispute with the city over video gaming terminals.
UKGC Backs Police Raid That Seizes 16 Illegal Betting Terminals
The Gambling Commission backed South Yorkshire Police raids in Sheffield and Doncaster that seized 16 illegal betting terminals, cash and gold, and led to three arrests.
Flutter Completes Delisting From the London Stock Exchange
Flutter Entertainment ended nearly 26 years of London Stock Exchange trading on 3 August 2026, leaving its shares listed solely on the New York Stock Exchange.