Polymarket Challenges Dutch Ban in Court
Polymarket challenges Dutch ban, arguing its event contracts are derivatives, not bets. Netherlands Gambling Authority seeks €420K penalty for late user blocking. #Breaking #Legal
iGaming
Brazil Declares Betting Laws Unconstitutional Shutdown
Brazil’s government seeks to void 2018 and 2023 betting laws; licensed sites go dark Oct. 6 amid court review. Crypto payments remain unaffected. #Update #Legal
Novig Trading Surges 94% After Ad
Novig’s trading volume surged 94% post-Sydney Sweeney ad, with app downloads up 187% and valuation rising to $2B. #Update #Crypto
UK Bookmakers Tied to Offshore Mystake
SIS, owned by Ladbrokes, William Hill, and Betfred’s owner, faces scrutiny over an 18% revenue deal with Santeda amid black market concerns. #Update #Legal
CFTC Defines Event Contracts as Swaps
The CFTC submitted two rules to the White House on Sept. 28 to redefine swaps, including event contracts and excluding casino-style gambling, impacting regulatory jurisdiction. Legal
CFTC Targets Prediction Market Promotions
The CFTC is reviewing prediction market incentive programs, with action expected this week. Concerns include “risk-free” trades and unlimited rebates. Companies like @Kalshi and @Polymarket may be impacted. #Update #Legal
Kalshi Deal Fallout: Director Resigns
NCPG Executive Director Heather Maurer resigns amid controversy over $2M Kalshi donation; Michigan and Ohio regulators withdraw support. #Breaking #Legal
SEC Blocks Kalshi in Two-State Defeat
The Sixth Circuit ruled against @Kalshi, allowing Ohio and Tennessee to enforce gambling laws on its prediction markets. Pending Maryland decision in Fourth Circuit. #Update #Legal
Brazil Bans Online Betting Pre-Election
Brazil bans online betting and casinos, affecting 85 license holders with no refunds on $492M fees; potential legal challenges expected. Companion bill targets crypto payments. #Breaking #Legal
Hacker Triumphs as Malta Leak Site Falls
Lilith Wittmann wins Berlin court case against Malta Gaming Authority, can use documents but barred from system access; Casino Secrets site goes down. #Update #Legal
Curacao Casino Secrets Leak Sparks Backlash
Public documents from Curaçao’s gambling regulator reveal casino licensing details; @Softswiss denies operating casinos, disputes network claims. #Update #Legal
PokerStars Opens Player Pool to Rivals
Pokerstars launched a B2B site inviting operators to join its poker player pool, aiming to boost liquidity amid declining activity. #Update #Gaming
DraftKings Shelves AI Targets Losers
DraftKings allegedly used AI to target gamblers likely to lose, while shelving models for problem gambling detection. DraftKings denies unfair targeting claims. #Update #Legal
Kalshi Parlay Maker Fee Hits $26M
Kalshi’s parlay maker fees generated $26M in four weeks, now exceeding $1M daily on weekends. The new fee structure is not reflected in the July 7 PDF schedule. #Update #Crypto