IGT Cuts 700 Jobs as Part of Restructuring

(AsiaGameHub) -   Slot machine developer International Game Technology (IGT) is conducting global layoffs of 700 employees, which constitutes roughly 10% of the company's workforce.  CEO Hector Fernandez notified employees of the job reductions via a letter sent on Monday. Since taking on his position in December of last year, Fernandez has been assessing the company's workforce.  “We looked into our areas of focus, our operational methods, and how our structure aligns with our strategy. As part of this evaluation, we were compelled to make tough choices regarding our organizational setup, and this process has resulted in a challenging yet essential step,” he wrote. The layoffs are not tied to employee performance; instead, they aim to streamline operations following last year's merger with Everi. The merger was part of a takeover by New York-based firm Apollo, which agreed to acquire both companies for $6.3 billion in 2024.  Fernandez was appointed to lead the newly formed company and added, “The changes we are announcing today are part of our endeavor to simplify our structure, eliminate redundancies, and allow us to operate with increased clarity and speed.” Plan Devised During Year of Waiting Fernandez noted that severance packages are being offered to affected employees. He added, “For those departing IGT as a result of this action, we are dedicated to providing severance pay, outplacement assistance, and transition resources.” Prior to assuming his CEO role, he was required to wait a year due to a non-compete agreement from his former position as CEO of Aristocrat.  During his year away, he stated that he developed a business plan centered on the 5 C’s: culture, capabilities, content, commercialization, and cash-flow generation. “I crafted the plan, strategy, and execution approach for this role. I couldn’t engage in competition, but I could apply my intellect. That’s exactly what I did,” said Fernandez.  Company Moves to Next Chapter Fernandez encouraged remaining employees to unite and push the company forward.  “What is crucial now is how we progress collectively: supporting one another, concentrating on our priorities, and continuing the work that will shape the next chapter of our company. We joined forces to build an enterprise capable of leading in a fast-evolving industry, and I remain confident in that opportunity and in the strength of our team,” he told staff.  The layoffs were first reported by the Las Vegas Review-Journal, though the outlet did not specify how many of the job losses are in Nevada.  IGT operates two facilities in the state, including a Las Vegas location near Buffalo Drive and Sunset Road. The company moved its headquarters to Vegas last year following the merger.  The company also has employees in Texas, California, Oklahoma, and New Jersey. Internationally, it maintains a presence in Europe, Australia, India, and Latin America.  In his letter, Fernandez did not specify the locations of the job cuts. When announcing the deal to acquire IGT and Everi, Dave Cohen, a partner at Apollo, stated, “We are eager to collaborate with all individuals at IGT Gaming and Everi to advance the combined enterprise.” 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.

Indonesian Psychiatrists Alert on Escalating Gambling-Related Hospital Admissions

(AsiaGameHub) -   Medical professionals in Indonesia report a sharp increase in inpatients suffering from gambling addictions, with several hospitals struggling to manage the rising patient count. The Indonesian media outlet Jatim Times reports that the surge in patient numbers is driving a steep rise in hospital bed occupancy rates. Officials note that during certain times of the year, these rates have exceeded 90%. Doctors attribute much of this trend to severe gambling addiction. Staff at Surabaya’s Menur Mental Hospital stated that between January and April 2025, the facility treated 51 patients with serious gambling disorders—16 of whom were inpatients. By May, that number had reached 85. These statistics point to a significant upward trend. For the entire year of 2024, the same hospital treated a total of 68 gambling addicts. Trend Extends to Other Parts of Indonesia The Surabaya figures are not isolated. Physicians in the capital, Jakarta, have reported similar patterns. In November 2024, Indonesian media outlet Radar Bangkalan reported that staff at Dr. Cipto Mangunkusumo Hospital (RSCM) said around 100 people had received inpatient treatment for gambling-related issues in recent months. The Dr. Cipto Mangunkusumo Hospital in Jakarta, Indonesia. (Image: Edogang1) Kristiana Siste Kurniasanti, head of the hospital’s Psychiatry Division, noted there has been a “significant rise” in the number of patients with similar conditions. She said approximately 200 outpatients are also receiving treatment for gambling addiction, adding that some patients are as young as 14. Siste stated the figures doubled in 2023 and tripled the following year. “These figures have continued to balloon,” she added. “Addicts don’t know when it’s morning, afternoon, or evening anymore,” she told Indonesian media outlets last week. “They don’t even know when their money is gone. Addicts will go to any lengths to find money to gamble. They even commit crimes, such as stealing other people’s money and belongings.” Experts told Radar Bangkalan that similar cases “have been found in many areas,” with the number of patients likely much higher in other parts of the country. Medics said online gambling began to gain traction in Indonesia during the coronavirus pandemic. They blamed easily accessible online loan providers for enabling people to bet on credit. Earlier this month, police in Kupang city arrested a taxi driver they said had become addicted to gambling. The 30-year-old man allegedly pawned his employer’s car to fund his online betting sprees. Police Make Arrests Meanwhile, police continue their crackdown on online casinos, which has so far seen regulators freeze tens of thousands of dollars in hundreds of citizens’ bank accounts. Officials say all the accounts were used to make deposits or withdrawals on online casino platforms. In East Java’s Ngawi Regency, regional police officers report they have arrested six people on suspicion of using their mobile phones to gamble online. The media outlet Surya Indonesia reported that police confiscated all six suspects’ mobile phones and bank cards. At a press conference, they showed media representatives screenshots of banking applications they said the suspects used to place online bets. “We will crack down on all social ills, including […] online gambling,” a police official told the press. “We ask for the community’s help in this matter. Together, we can work to create a safe and comfortable environment in the Ngawi Regency.” 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.

Public Health Group Files Lawsuit Against DraftKings, FanDuel, Genius Sports, NFL Over ‘Addictive’ Microbetting

(AsiaGameHub) -   DraftKings, FanDuel, Genius Sports, and the National Football League are facing a product liability lawsuit filed by the Public Health Advocacy Institute (PHAI), which claims the firms collaborated to develop and profit from an “unreasonably dangerous” online gambling product built to fuel addiction. The 81-page legal filing was submitted on March 24 at the Court of Common Pleas of Philadelphia County on behalf of two Pennsylvania residents: Christopher Sage and Terry Thompson. Live microbetting, which lets users place quick, consecutive bets during a sporting event, is the core focus of this lawsuit.  The plaintiffs claim that the design elements of online sports betting platforms — such as tailored promotions, real-time statistics, and VIP outreach — are crafted to amplify addictive betting habits.  Combined, the plaintiffs state they placed millions in bets and lost over $2 million while using the FanDuel and DraftKings Sportsbook applications.  In the press release announcing the lawsuit, Mark Gottlieb, executive director at PHAI, said:  “These defendants, including the NFL, are working in tandem to turn regular sports fans into constant gamblers. By leveraging coordinated immersive marketing, artificial intelligence, cloud computing, and customer-specific algorithms, they manipulate users’ cognitive processes and inflict lasting, severe harm on long-time fans like Mr. Sage and Mr. Thompson.” The lawsuit alleges that the tactics used by these firms transform “casual sports fans and recreational bettors into compulsive gambling addicts.”  By naming parties across the entire sports betting ecosystem — including sportsbook operators, data suppliers, and the NFL directly — the filing argues the system is set up so every participant helps boost betting volume, with all parties walking away with profits.  The plaintiffs are requesting both compensatory and punitive damages, plus an injunction to halt the defendants’ supposedly wrongful conduct. Lawsuit Targets Microbetting, Personalization & ‘Always-On’ Gambling The “flawed design” of the named sports betting platforms lies at the heart of this lawsuit. The filing draws a comparison between modern apps and traditional sports betting, where fans had to travel to place wagers before a game began and then wait for the final outcome, claiming DraftKings and FanDuel eliminated those natural restrictions and replaced them with a quicker, constantly accessible system centered on in-game live microbetting. The filing claims these apps “remove the limitations that once constrained in-person sports betting locations,” crafting a “tailored and ultra-fast sports gambling interface.” The lawsuit explains how these quick bets placed on individual pitches, plays, shots, or other in-game moments impact bettors, stating they trigger a “trancelike state known as ‘dark flow,’ where users become fully immersed in the game.”  Unlike standard sports bets, which are settled only once a game concludes, microbets can be resolved in just a few seconds. All these elements create a fast feedback cycle that keeps users engaged and pushes them to place repeat bets.  To support its case, the lawsuit draws a parallel between microbets and slot machines, noting that the practice “fully immerses users in the constant cycle of ‘pulling the lever’ or clicking to place the next microbet while waiting for the next potential win.” As a result, the plaintiffs allege:  Christopher Sage developed a serious gambling addiction after using the apps, losing more than $40,000 on DraftKings and $130,300 on FanDuel. Terry Thompson faced even more devastating losses, with a total of approximately $1.52 million on FanDuel and $336,000 on DraftKings. The filing also points out the role that tailored marketing plays in fueling addictive betting on these platforms, such as push notifications and VIP hosts assigned to high-spending users. The lawsuit claims that in some instances, these outreach efforts continued even after users tried to cut back or stop their gambling entirely. These elements, the lawsuit contends, lead to a product design that prioritizes user engagement and corporate profits over the safety of bettors, drawing comparisons to highly addictive substances such as heroin, cocaine, and tobacco. Commenting on the lawsuit, PHAI Litigation Director Andrew Rainer said:  “Following the example set by the tobacco industry, the online sports gambling sector has crafted a highly addictive, nearly impossible-to-resist product that blasts consumers with dozens of betting chances each and every minute, leaving a wake of shattered lives, including our clients Chris Sage and Terry Thompson. “Instead of continuing to line their pockets with billions in annual profits, those responsible for this destruction — DraftKings, FanDuel, Genius Sports, and tragically, the NFL — must be held accountable. This is the process we are launching today.” Lawsuit Puts NFL, Genius Sports Relationship Under Scrutiny A notable aspect of this lawsuit is the inclusion of the NFL and Genius Sports, whom the filing identifies as critical enablers of the modern sports betting ecosystem.  Genius Sports holds exclusive rights to distribute NFL data to sportsbooks, supplying the real-time statistics required to run microbetting markets. The lawsuit claims the NFL has a direct financial stake in this system, as it holds an equity share in Genius Sports and its licensing agreements. “The NFL Defendants engaged in unfair or misleading practices by providing DraftKings and FanDuel, via Genius Sports, with officially licensed live NFL game and player data and statistics — data they knew was essential for DraftKings and FanDuel to build microbetting options into the design of their Sportsbook apps,” the lawsuit alleges.  Per the filing, this partnership benefits both organizations when betting volume rises, particularly high-frequency bets like microbets, which bring in significant commission revenue. PHAI, the group that filed this lawsuit, has a long track record of legal actions against the tobacco industry, including public liability cases that resulted in multibillion-dollar settlements in the 1990s. Whether the group will achieve similar success in its fight against the sports betting industry will now be determined by the courts.  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.

Curtis and Schiff Introduce Bipartisan Bill to Ban Sports Prediction Market Contracts

(AsiaGameHub) -   Sens. John Curtis (R-UT) and Adam Schiff (D-CA) unveiled bipartisan legislation on March 23 that would prohibit prediction markets overseen by the Commodity Futures Trading Commission (CFTC) from offering contracts tied to sports events and casino-style activities. This proposed bill joins a growing roster of legislative efforts aimed at curbing prediction markets as these platforms face heightened oversight from lawmakers on Capitol Hill.  The Prediction Markets Are Gambling Act would revise the Commodity Exchange Act (CEA) to prevent registered entities from providing contracts related to sporting events, athletic contests, or casino-type games. Should the bill become law, it would explicitly affirm that states hold complete jurisdiction over sports betting and casino-style gambling. Prediction markets are offering sports bets — just with a different name. They are being offered in states where sports betting is illegal, like California, while federal regulators are greenlighting them rather than enforcing the law.My bipartisan legislation with… pic.twitter.com/oNvI2vw9IP— Adam Schiff (@SenAdamSchiff) March 23, 2026 This legislation emerges at a time when sports-related contracts are a major point of contention in discussions about the legality of prediction markets. State regulators, tribal representatives, industry associations, and certain legislators have contended that sports event contracts are no different from sports betting, serving as a loophole that lets CFTC-regulated platforms bypass state laws and operate in regions where conventional sports wagering is limited or prohibited. Redefining the Rules of the Game In its current form, the bill would resolve the ongoing debate about whether event contracts are legitimate hedging instruments or merely digital bets. The legislation would modify the CEA to clearly define and prohibit contracts linked to “sporting events or athletic competitions” and “casino-style games”—a category that covers everything from slot machine activities to professional and college sports. Speaking about the proposed legislation, Curtis put it in terms of state authority and consumer protection: “Too many young people in Utah are getting exposed to addictive sports betting and casino-style gaming contracts that belong under state control, not under federal regulators. Our bipartisan legislation clarifies regulatory jurisdiction, ensuring that states can maintain their authority over sports betting and casino gaming.” Schiff was more straightforward in criticizing the current setup of prediction markets, asserting that “sports prediction contracts are sports bets—just under a different label.” He noted these products are available across the country “in blatant violation of state and federal laws” and framed the bill as a means to shut a regulatory “backdoor” that undermines state consumer safeguards and tribal self-governance. Capitol Hill Continues to Ramp Up Pressure on Prediction Markets The Prediction Markets Are Gambling Act is the newest addition to a recent surge of legislative measures aimed at prediction markets—an industry Schiff referred to as the “Wild West” when he introduced the DEATH BETS Act on March 11.  Beyond sports and casino-style activities, Congress is targeting prediction markets from several angles as it seeks to impose stricter regulations on these platforms:  Political Integrity: Rep. Ritchie Torres (D-NY) put forward the Public Integrity in Financial Prediction Markets Act, which would prohibit federal officials from trading in government-related contracts when they have access to nonpublic information. The “Death Bets” Ban: Senator Schiff also recently unveiled the DEATH BETS Act, which explicitly forbids contracts linked to war, assassinations, or the death of an individual. Consumer Protections: The Prediction Markets Security and Integrity Act, backed by Sen. Richard Blumenthal (D-CT) and Sen. Andy Kim (D-NJ), suggests a more comprehensive regulatory structure that includes age verification requirements and a prohibition on using credit cards for betting. As prediction markets grow in popularity, Capitol Hill lawmakers are signaling their intent to influence the future direction of the industry. 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.

PGA Tour: Texas Children’s Houston Open Odds, Picks and Predictions

(AsiaGameHub) -   The PGA Tour schedule rolls on this week with the Texas Children’s Houston Open, and Scottie Scheffler enters the event as the primary betting favorite. Matt Fitzpatrick is coming off his third career PGA Tour title at last week’s Valspar Championship, while Min Woo Lee returns as the defending champion of the Texas Children’s Houston Open. Texas Children’s Houston Open Betting Odds at DraftKings Below are the odds for the top contenders to win the Texas Children’s Houston Open according to DraftKings: Scottie Scheffler +320 Min Woo Lee +1800 Chris Gotterup +2500 Jake Knapp +2600 Sam Burns +2800 Brooks Koepka +2900 Kurt Kitayama +3000 Rickie Fowler +3300 Nicolai Hojgaard +3300 Marco Penge +3800 Michael Thorbjornsen +3900 Ben Griffin +4000 Adam Scott +4300 Harris English +4300 Ryan Gerard +4500 Harry Hall +4600 Keith Mitchell +4700 Taylor Pendrith +5200 Rasmus Hojgaard +5200 Wyndham Clark +5400 Shane Lowry +5500 Pierceson Coody +5500 Sam Stevens +5600 Sahith Theegala +5900 Alex Smalley +6200 Davis Thompson +6400 Jason Day +6500 Tony Finau +6600 Stephan Jaeger +6600 Ricky Castillo +6800 Sungjae Im +7000 Top Favorite Bet for the Texas Children’s Houston Open Chris Gotterup (+2500) Memorial Park is a course that rewards long hitters, making Chris Gotterup a prime candidate for success this week. Gotterup currently sits at sixth on the tour in driving distance, averaging 319.1 yards. His personal best this year was a 367-yard drive at the WM Phoenix Open, a tournament he won back in February. Additionally, Gotterup secured a victory at the Sony Open to begin his 2026 season. He has shown he can handle the pressure of contention and could find himself in the winner's circle again on Sunday. Top Sleeper Bet for the Texas Children’s Houston Open Michael Thorbjornsen +3900 Michael Thorbjornsen appears to be on the verge of his first victory on the PGA Tour. He recently went head-to-head with Gotterup at the WM Phoenix Open, finishing just one stroke behind the lead. Thorbjornsen also played in the final pairing at The Players Championship alongside Ludvig Aberg, though a difficult 5-over round resulted in a T-22 finish. As a powerful driver who also performs well on the greens, he has a strong chance to secure his first tour win in Houston. Top Longshot Bet for the Texas Children’s Houston Open Tony Finau +6600 Tony Finau is a past champion at this event, winning the 2023 Houston Open before returning to claim a runner-up finish the following year. Finau arrives in Houston following a solid T-18 performance at last week's Valspar Championship. While his overall form is strong, he can occasionally struggle with his accuracy off the tee. That should not be a major concern at Memorial Park, a venue that is forgiving off the tee and features the fewest bunkers of any course on the tour. 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.

Spanish Gaming Behemoth Codere Available for Sale at €2 Billion

(AsiaGameHub) -   Codere, Spain’s second-largest gambling company after Cirsa, is being offered for sale with a valuation of approximately €2 billion ($2.3 billion).  According to a report from Spanish news outlet Expansión, the company has engaged US firm Jefferies and Australia-based Macquarie Capital as financial advisors to oversee the sale process.  Sale To Complete In Summer The process remains in its early stages, with a provisional mid-May deadline for interested parties to submit non-binding offers. Binding offers are expected to be submitted around July, with a purchase agreement finalized by August.  Established by the Martínez Sampedro family in 1980, the company has undergone multiple restructurings in recent years. Its current shareholding is now distributed among roughly 84 investment funds, with Davidson Kempner holding a 13.3% stake, followed by Palmerston Capital (5.6%), Deltroit (5.47%), System 2 Capital (5.15%), and Invesco (5.14%). Company in Good Financial Health A 2024 agreement with creditors converted approximately €1.2 billion of debt into equity. Gonzaga Higuero, the company’s CEO, described the deal as “a decisive success for Codere, a guarantee for the future that secures our financial position and reactivates the company’s ability to achieve its set growth objectives.” In 2024, the group recorded revenues of €1.346 billion ($1.56 billion) and an adjusted EBITDA of €179 million ($207 million).  The company operates in seven countries: Spain, Italy, Argentina, Mexico, Panama, Colombia, and Uruguay, through both physical gambling venues and online platforms. Its business includes slot machines, bingo halls, sports betting terminals, arcades, gaming rooms, bars, and racetracks.  Its online division is listed separately on the Nasdaq but will also be included in the sale. This segment accounted for 12% of total revenue in 2024.  Spain No Longer Highest Revenue Stream Though founded in Spain, the country’s strict stance on gambling has led to reduced revenue there. Codere was among several companies fined by Spain’s regulator last year during a gambling crackdown. The company was fined €17,500 for using unapproved technical systems. In 2024, Italy and Mexico contributed 21% and 17% of the company’s revenue, respectively, while Spain generated around 16%.  Gambling companies in Spain must comply with stricter regulations, including displaying strongly worded warning messages similar to those on tobacco products. These measures were introduced by the country last year.   The new messages include: Gambling addiction is a risk of gambling The probability of being a losing gambler is 75% Losses for all gamblers are four times greater than their winnings  Minister for Social Rights Pablo Bustinduy has led the reforms, stating that “the responsibility should not fall on users but on the authorities, who have the democratic duty to ensure that the environments they access are safe.” It remains unclear whether Spain’s stricter gambling regulations will impact the potential sale of Codere. 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.

WEMADE Schedules Legend of YMIR Launch on Steam for April 7

(AsiaGameHub) -   WEMADE is set to roll out the global edition of Legend of YMIR on Steam at 10:00 AM KST on April 7, 2026. This launch expands the company’s PC distribution reach as it aims to grow the MMORPG’s global player base. Good to Know Legend of YMIR is scheduled to debut on Steam on April 7, 2026. A new class named Rune Fighter will be available alongside the launch. WEMADE is leveraging Steam to increase global accessibility and build a more sustainable long-term player base. WEMADE Aligns Steam Launch with Broader YMIR Expansion Strategy Instead of viewing Steam as merely another storefront, WEMADE is integrating it as a core component of Legend of YMIR’s global strategy. The company stated that the platform will help it reach more PC gamers, enhance accessibility, and foster a more resilient user base over time. The Steam edition will also include a major content update. WEMADE is introducing the Rune Fighter, a new combat class centered on rune abilities and a more adaptable fighting style. This addition is designed to offer new players an alternative entry point while providing existing users with fresh content. Put simply, WEMADE is combining distribution expansion with gameplay updates simultaneously. This makes the launch more impactful than a standard platform release and helps position Legend of YMIR as a more prominent global PC franchise.Michael Kim, Head of Game Business Division at WEMADE, commented: “Our goal is to provide a premium PC gaming experience that lives up to the standards of the Steam community. Launching on a new platform alongside the ‘Rune Fighter’ expansion marks the beginning of a new era for our players.” For WEMADE, the Steam launch is also significant because PC gaming platforms with large built-in audiences can help MMORPG publishers keep acquisition costs low while boosting long-term visibility. With Legend of YMIR, the company is clearly targeting broader reach, stronger player retention, and a more established presence in the global PC gaming market. 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.

STS Becomes a Member of IBIA Betting Integrity Network

(AsiaGameHub) -   STS has become a member of the International Betting Integrity Association, bringing one of Central Europe’s largest regulated sportsbook brands into the broader integrity network. The agreement connects STS to IBIA’s Global Monitoring and Alert Platform and expands coverage in Poland and neighboring markets. Good to Know STS is Poland’s leading sportsbook operator. IBIA’s monitoring network includes over 200 betting brands. The platform monitors more than $300 billion in annual betting turnover. IBIA has added another major European operator, as STS now contributes to its Global MAP system. This provides the integrity organization with greater visibility into regulated betting activity and gives STS an additional way to report suspicious betting patterns. Established in 1997, STS developed its business through both online and retail betting. It now ranks as Poland’s top sportsbook brand and one of Central Europe’s most prominent names. Due to this scale, the partnership enhances the IBIA network’s market coverage in a meaningful way. For STS, the agreement aligns with its broader emphasis on safer, more secure betting operations. The company stated that the partnership will assist in detecting and reporting unusual activity while fostering closer collaboration with other stakeholders in regulated betting.Radim Haluza, CEO of STS, said: “Collaborating with the International Betting Integrity Association reflects STS’s long-standing commitment to protecting the integrity of sport and ensuring a secure betting environment for our customers. We recognise the importance of proactive integrity monitoring and close cooperation with stakeholders across the regulated ecosystem. Through IBIA’s Global MAP, we are strengthening our ability to identify and report suspicious activity and contribute to the wider fight against betting-related corruption.” IBIA noted that STS brings both scale and market expertise to the platform. Global MAP already features over 200 betting brands and monitors more than $300 billion in annual sports betting turnover, so adding a major operator focused on Poland extends the system’s reach in Europe. Khalid Ali, CEO of IBIA, said:“We are delighted to welcome STS to IBIA. The operator brings significant scale and expertise to our Global MAP and reinforces IBIA’s position as the leading integrity body for the regulated betting industry. We look forward to working closely with STS to safeguard sport, protecting customers and support regulated betting 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.

Sportradar Unveils Playradar for Sports and Casino

(AsiaGameHub) -   Sportradar Group AG has introduced Playradar, a fresh iGaming brand designed for operators seeking to integrate sports content and casino offerings into a unified platform. This launch marks a significant expansion of Sportradar's iGaming strategy, with a rollout planned through 2026 across the UK, North America, and Latin America. Key Highlights Playradar integrates sports data, audiovisual streams, virtual sports, and casino gaming. Edo Haitin has been appointed to head Sportradar’s iGaming division. Playradar will exclusively serve regulated markets. Sportradar Revamps iGaming Portfolio with Playradar Sportradar is moving to bridge the gap between sportsbook and casino offerings. By leveraging live and historical sports data, streaming capabilities, and casino mechanics, Playradar aims to provide operators with hybrid gaming products centered on sports engagement. A core feature is the 24/7 Experience Centre, which allows users to view live streams and engage with games simultaneously on one screen. Sportradar notes that this format is designed to foster both general engagement and real-money wagering, while enabling real-time interaction among players. Furthermore, Playradar will provide hybrid content that transforms live and historical sporting events into event-driven gameplay. The platform will also feature a live prediction tool powered by Sportradar’s real-time data, alongside a suite of virtual sports, slots, table games, arcade titles, and crash games.Sportradar has tapped Edo Haitin, the former CEO of Playtech Live, to lead its iGaming operations. Haitin brings over two decades of expertise in senior leadership, operations, and live casino management. Carsten Koerl, Founder and CEO of Sportradar, stated: “iGaming is a logical and scalable progression for our company and a strategic move to accelerate our long-term growth. Playradar’s content is crafted to optimize cross-selling between sports and casino environments, assisting operators in boosting player value and session duration during a period where retention and engagement are vital for operational success. In Edo, we have a seasoned industry leader to guide this business, backed by a dedicated and enthusiastic team.” With an existing infrastructure that includes a game studio, sports data tools, streaming technology, and a global distribution network, Sportradar is well-positioned to help its clients—many of whom already operate in both sportsbook and casino sectors—enhance player value and engagement through Playradar.Edo Haitin, EVP of iGaming, added: “By merging our extensive expertise in sports data and live streaming with our proven product development capabilities, we intend to build hybrid gaming experiences that tap into the growing demand for sports-themed casino content. We are uniquely equipped to integrate live and historical sports events with innovative mechanics and casino products, while benefiting from our ability to distribute these games to an existing network of licensed operators. I am thrilled to be expanding our iGaming footprint through Playradar and to establish it as a leader in the space, utilizing Sportradar’s robust resources and our highly skilled team.” 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.

Meta Hit With $375 Million Jury Verdict in New Mexico Child Safety Lawsuit

(AsiaGameHub) -   On Tuesday, a jury based in Santa Fe ordered Meta to pay $375 million in civil penalties following a six-week trial examining child safety practices on Facebook and Instagram. The ruling secured a win for New Mexico under the state’s Unfair Practices Act, and counts as one of the most severe courtroom setbacks Meta has faced in a case connected to harm experienced by young platform users. Key Details Jurors found Meta liable for both claims that New Mexico filed against the company. The fine was set at $5,000 for each individual violation, the highest amount allowed under New Mexico state law. The second phase of the case is scheduled for May 4, and may result in additional penalties as well as changes to platform policies. New Mexico Jury Delivers a Major Legal Defeat to Meta While the monetary sum is notable, the greater significance may lie in what the ruling represents. In a press release distributed immediately after the verdict, the office of New Mexico Attorney General Raúl Torrez stated the ruling was a “watershed moment for every parent concerned about what could happen to their kids when they go online,” Torrez structured the case around the gap between Meta’s internal knowledge and its public communications. He stated: “Meta executives knew their products harmed children, disregarded warnings from their own employees, and lied to the public about what they knew. Today the jury joined families, educators, and child safety experts in saying enough is enough.” During the trial, New Mexico’s legal team drew on evidence from a 2023 undercover operation that used decoy Facebook and Instagram accounts set up to appear as if they belonged to users under the age of 14. Per the state’s findings, these accounts were sent sexually explicit content and received sexual solicitations from multiple men located in New Mexico. Law enforcement arrested those men in May 2024, with two taken into custody at a motel where they believed they were meeting a 12-year-old girl. State attorneys also used internal company records and testimony from former Meta employees to argue that repeated warnings from staff and child safety experts failed to result in adequate action from the firm. Some of the most impactful testimony came from Arturo Béjar, a former engineering and product leader at Meta, who told jurors he attempted to raise alarms after his 14-year-old daughter received unsolicited sexual advances on Instagram. He also outlined the dangerous functionality of the platform’s recommendation systems. “The product is very good at connecting people with interests,” Béjar said, “and if your interest is little girls, it will be really good at connecting you with little girls.” Another former executive, Brian Boland, testified that safety did not appear to be a genuine priority for the company’s senior leadership. Boland, who worked at Meta for nearly 12 years before leaving in 2020, said he “absolutely did not believe that safety was a priority” for CEO Mark Zuckerberg and then-COO Sheryl Sandberg. Jurors were also shown a recorded deposition from Zuckerberg. In the recording, he described research investigating whether the platforms are addictive as “inconclusive.” New Mexico’s legal team pushed back on this claim, pointing to internal research that found certain product features were designed to trigger dopamine responses and extend the amount of time users spend on the apps. When asked if a parent had a right to know if a product their child uses is addictive, Zuckerberg responded that there was a lot to “unpack in that.” Meta has announced it intends to appeal the ruling. A company spokesperson said the firm “works hard to keep people safe” on its platforms and that it “respectfully disagree[s] with the verdict.” The New Mexico case is not the only legal battle Meta is currently facing. A separate trial in Los Angeles also centers on allegations that social media platforms are addictive and caused harm to young users. That case was filed by a California woman identified as K.G.M. TikTok and Snap reached settlement agreements before the trial started, while Meta and YouTube remain defendants in the case. Jurors for that trial are still deliberating, and the judge recently instructed them to continue discussions after they indicated they were having trouble reaching a verdict for one defendant. The next stage of the New Mexico case will launch on May 4. That phase is a bench trial focused on public nuisance claims, meaning a judge rather than a jury will determine the outcome. New Mexico is arguing that Facebook and Instagram caused broader harm to the health and safety of state residents, and this portion of the case could lead to additional penalties, age verification requirements, and stronger protections for minors. 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.

New Jersey Moves Forward with Bill Against Micro Betting

(AsiaGameHub) -   New Jersey is edging closer to prohibiting micro bets, one of the speediest types of in-game wagering. On March 23, a Senate committee approved SB 2160, sending the bill to the Senate floor for a second reading. Good to Know SB 2160 would prohibit wagers on the next play, pitch, or immediate in-game action. Senators Paul Moriarty and Patrick Diegnan are the bill’s sponsors. Penalties would be $500 to $1,000 per violation. New Jersey Pushes Back Against Micro Betting The bill would prevent sportsbooks from offering or taking wagers on outcomes like whether the next baseball pitch will be a strike or if the next football play will be a run or pass. Unlike regular live betting, micro bets are settled in seconds and let users place another wager right away. Supporters cite two key risks. Moriarty noted that the format is more easily manipulated, as an insider with info on the next play could gain an advantage. He also stated that the product’s speed can lead to excessive, impulsive gambling. Diegnan added that the nonstop betting opportunities make micro bets riskier than traditional wagering. Violations would be classified as a disorderly persons offense.New Jersey doesn’t release separate data on micro bets, but Rutgers University research for state regulators found in-game betting makes up a significant portion of activity. The most recent study showed that two-thirds of state bettors place in-game wagers, and high-intensity bettors make up over 50% of in-game volume. The research also found that in-game betting increases the likelihood of overspending. Operators have already demonstrated the importance of live betting. DraftKings CEO Jason Robins stated during a first-quarter 2025 earnings call that live betting accounted for over half of the company’s handle. In established European markets, in-game betting makes up more than 60% of wagers. New Jersey isn’t the only one. New York has proposed similar legislation, and Major League Baseball struck agreements last November to limit pitch-level bets to $200 and exclude them from parlays, citing integrity issues. 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.

Wall Street Divided Over Prediction Markets

(AsiaGameHub) -   Financial institutions are divided on prediction markets. While certain companies are expanding into the space, others are prohibiting staff participation due to increasing regulatory worries. Good to Know Trading in prediction markets has been prohibited for employees at Point72 Asset Management and Balyasny Asset Management. JPMorgan Chase permits participation as long as standard personal trading guidelines are followed. A more proactive strategy is being adopted by Susquehanna International Group and DRW. Divergent Stances on Prediction Markets Across Wall Street According to Bloomberg, Point72 Asset Management and Balyasny Asset Management have instituted total bans on staff trading, despite other firms recently considering specialized desks and recruiting talent with expertise in Kalshi and Polymarket. This shift highlights a rapid change in outlook. Compliance departments are concerned about legal disputes, the risk of insider trading, and the lack of regulatory clarity surrounding the industry. Documentation remains a significant hurdle. In the U.S., these markets are classified as derivatives under CFTC oversight. However, platforms like Polymarket and Kalshi often lack the electronic record-keeping capabilities required for firms to monitor and report compliance.Approaches vary across the industry. JPMorgan Chase has informed its staff that they may engage in these markets provided they adhere to the same personal trading protocols applied to other asset classes. Some organizations are doubling down. Susquehanna International Group employs approximately 60 traders focused on prediction markets in Dublin and Pennsylvania. Additionally, the company serves as Kalshi's inaugural official market maker and maintains an equity position in the platform. DRW is also seeking a specialized prediction market trader to handle strategies involving arbitrage, market-making, and event-driven plays on platforms like Kalshi and Polymarket. The Investment Adviser Association, representing over 600 firms with roughly $35 trillion in assets under management, noted a significant increase in inquiries from members regarding compliance within prediction 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.

Study Involving 525 Women Sparks New Discussion About Gambling Advertising

(AsiaGameHub) -   A recent Australian study has examined the influence of gambling marketing on the attitudes of women in Victoria. According to researchers, contemporary advertising, influencer material, sports affiliations, and brand initiatives are normalizing betting and downplaying its associated risks. Good to Know The study involved 525 women in Victoria aged 18 to 40. 79% said they had gambled in the previous 12 months. Researchers said influencer campaigns, women sports sponsorships, and cause-linked promotions were key concerns. Academics from Deakin University and Curtin University reported that many participants perceived gambling as more socially acceptable due to current marketing strategies. The research highlighted indirect methods, such as collaborations with influencers, novelty betting markets related to entertainment, and promotions associated with women's sports or charitable causes, rather than just overt advertisements. Three main themes emerged from the feedback: gambling appeared more normalized, women felt increasingly encouraged to participate, and the risks seemed minimized. Some respondents stated that betting promotions are crafted to "encourage," "attract," and "tempt" new customers, particularly younger women whose lifestyles are intertwined with platforms like Instagram and TikTok. Conducted online between June 14 and July 1, 2024, the survey targeted women aged 18 to 40 in Victoria. The majority (76%) resided in metropolitan Melbourne, and the average age was 31. The study found that 79% of participants had engaged in gambling within the past year.Strong criticism was directed at the tone and framing of the advertisements. Women reported that promotions often present betting as a casual, social, or safe activity. One participant remarked: “I think there is a lot of harm in promoting gambling in this way for anyone.” She added: “It makes an addictive activity appear harmless.” Another participant noted: “They make it seem harmless and can become a light joke.” The study identified influencer marketing as a significant factor in this perception. The survey reported: “Social media influencers were described as ‘relatable’ and ‘desirable’, and their involvement in gambling promotions was seen to make gambling seem glamorous and aspirational.” Researchers also emphasized a strategy perceived by respondents as gender-targeted reputation management by betting firms. Initiatives linked to International Women's Day or breast cancer awareness month were frequently met with skepticism. Nonetheless, some women conceded that such campaigns could foster trust in gambling brands, potentially enhancing the impact of their marketing.A sense of FOMO (fear of missing out) was also evident. Some participants expressed that when betting is integrated into entertainment, sports, and social media, it begins to feel like a standard aspect of contemporary living. In this environment, gambling can appear less hazardous and more like an expected social activity. The paper contextualized these findings within the broader Australian landscape, citing data that indicates annual gambling participation rates among Victorian women are nearly equal to those of men, with approximately half gambling yearly and one-third doing so monthly. The researchers contended that current regulations might be insufficient, as the primary influence now stems from indirect promotion instead of direct advertising. They advocated for stricter controls on influencer agreements, novelty markets connected to popular culture, and corporate social responsibility projects that also function as brand marketing. The authors also supported targeted public education campaigns designed to help women identify these marketing tactics and better evaluate the risks of gambling. At iGaming.org, we advise caution in attributing significant policy weight to a study of this nature. The sample size of 525 is relatively small, the methodology is subjective, and the findings are largely based on qualitative attitudes rather than quantifiable behavioral data. It is also reasonable to question the exclusive focus on women and whether this approach lends the study an authority that the core data may not entirely justify. 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.

Whatnot Faces Accusations of Facilitating Illegal Gambling via Card Breaks

(AsiaGameHub) -   California lawsuits are applying new pressure to Whatnot regarding how sports card breaks are sold on its platform. Plaintiffs argue the format amounts to illegal gambling, but the company disputes this and states gambling is prohibited on the site. Good to Know The cases encompass 15 arbitration claims with 30 plaintiffs. Plaintiffs assert that random card breaks and repacks violate California gaming laws. Whatnot stated it denies the claims and prohibits gambling on its platform. California Lawsuits Target the Random Aspect of Whatnot’s Card Sales A California legal battle now centers on one of the most popular elements of the modern sports card market. Instead of targeting standard card sales, the lawsuits zero in on live breaks and repacks—where buyers pay before learning which cards they’ll receive. That difference is significant. Plaintiffs aren’t challenging direct card purchases where the item is known in advance. Instead, they’re targeting the random format tied to unopened boxes and repack products. In these breaks, customers pay first, then a streamer opens the product live, and the final value can fluctuate drastically based on what’s inside. The lawsuits claim this setup resembles a lottery more than retail. Buyers pay for a shot at something valuable, with outcomes unknown until the pack is opened during the stream. Plaintiffs contend this structure violates state rules against illegal lotteries.Whatnot is a key player in the industry. The platform reported over $8 billion in sales in 2025 and moves more than six million trading cards monthly. That scale is one reason the case could have implications far beyond a single company—if plaintiffs win, it could reshape how live card breaks operate across the broader hobby. The complaints sharply criticize the platform’s self-representation. “Whatnot claims to run a ‘marketplace’ where live shopping connects ‘buyers’ and ‘sellers.’ This is a facade,” the case’s plaintiffs told The Athletic. The filing goes further: “In practice, Whatnot runs an unregulated online casino that preys on its customers by encouraging compulsive spending—generating billions in revenue without the protections mandatory for regulated gambling operations.” Allegations of Addiction That argument is supported by addiction claims from those involved in the cases. Attorney Paul Lesko told The Athletic that several clients were drawn in by the randomness and the thrill of the bidding and reveal process. “Our clients quickly became addicted to it,” he said. “… At some point, they even stop caring about the cards. It’s just the dopamine rush from bidding and winning an auction to secure a spot for the chance to get a team they want.”Repacks are also at the heart of the dispute. Unlike factory-sealed products, repacks are assembled by operators from cards they’ve already collected, then resold for break-style reveals. Critics say this adds another layer of concern because the product exists mainly for randomized resale. Plaintiffs are seeking multiple remedies: restitution, warnings for future breaks, spending limits, punitive damages, and a court ruling that the disputed activity is unlawful. Whatnot is pushing back. The company denied operating illegal gambling through its platform. In a statement to The Athletic, it said: “We completely reject the characterization in this complaint.” The company added: “Gambling isn’t allowed on Whatnot, and we enforce this policy rigorously.” 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.

NCAA Files Lawsuit Against DraftKings for Using March Madness and Associated Tournament Terms

(AsiaGameHub) -   A fresh legal battle has begun between the NCAA and DraftKings regarding betting promotions linked to college basketball tournament branding. The disagreement focuses on whether DraftKings is allowed to use popular NCAA tournament terms in sportsbook menus, advertisements, and other consumer-facing materials. Good to Know The NCAA is seeking an emergency restraining order against DraftKings. The terms in question include March Madness, Final Four, Elite Eight, and Sweet Sixteen. DraftKings claims its use of these terms is descriptive and protected by the First Amendment. Instead of concentrating on betting regulations, the most recent conflict between college sports and sportsbooks revolves around branding. In a lawsuit filed in the U.S. District Court for the Southern District of Indiana, the NCAA requested a judge to prohibit DraftKings from using a set of tournament-related terms across its sportsbook products and promotions. The case hinges on “March Madness,” “Final Four,” “Elite Eight,” and “Sweet Sixteen,” plus their related variations. According to the NCAA, these marks serve to identify and distinguish its men’s and women’s basketball tournaments across broadcasts, digital platforms, merchandise, sponsorships, and licensed business operations. The legal filing states that DraftKings integrated these terms into betting menus, marketing materials, and promotional visuals shown to users. Screenshots from DraftKings’ platforms were included as exhibits in the complaint.Wrong Timing? Timing plays a significant role in the NCAA’s argument. The association alleged that DraftKings began using the terms when public attention around the tournaments was at its peak. “On the eve of the Tournaments, DraftKings deliberately adopted and prominently began using the NCAA iconic NCAA Basketball Marks, including confusingly similar variations thereof, to trade on — and usurp — the immense goodwill, recognition, and consumer trust embodied in those Marks at the precise moment of peak public attention,” the complaint said. The NCAA further contended that this unauthorized use quickly spread across customer-facing channels. “DraftKings unlawful use quickly proliferated across its consumer-facing websites and mobile applications, embedding the marks and logos into betting menus, promotional graphics, and marketing publications, to deliberately exacerbate consumer confusion and reinforce a false association with or sponsorship by the NCAA in order to continuously capitalize on the goodwill of the NCAA,” the complaint said. DraftKings is taking a completely different stance. The company stated that it does not treat “March Madness” as a trademark in its sportsbook displays; instead, it uses the phrase in plain text to identify tournament games. “DraftKings does not use the term March Madness as a trademark, but rather uses it in plain text and as a fair use in the same manner that other tournaments are displayed, such as the NIT, in order to accurately identify the different tournaments and their respective games,” DraftKings said. “It is protected speech under the First Amendment and is not a violation of any brand trademark. We are confident that the courts will deny this request for an injunction.” Beyond the trademark dispute, the NCAA used this case to emphasize its broader separation from gambling operators. The association noted that it has rejected sportsbook sponsorships, banned athletes and staff from participating in betting, and opposed prop bets and micro-bets. It also highlighted ongoing efforts to reduce harassment and improper influence tied to college sports wagering.This broader concern resurfaced in a separate NCAA statement related to the complaint. “Every day that DraftKings continues to use these marks, millions of sports fans — and, critically, college students and young adults who are particularly susceptible to gambling harm — are exposed to the false suggestion that the Association has authorized or endorsed DraftKings gambling platform,” the NCAA said in a statement. FAQ What is the NCAA asking the court to do? The NCAA is seeking an emergency restraining order that would require DraftKings to stop using tournament-related terms in its sportsbook offerings, advertising, and associated materials. Which terms are in dispute? The complaint lists March Madness, Final Four, Elite Eight, and Sweet Sixteen, along with similar variations, as the terms at issue. Where was the complaint filed? The NCAA submitted the complaint to the U.S. District Court for the Southern District of Indiana. What is DraftKings defense? DraftKings asserts that it uses the terms descriptively in plain text (not as trademarks) and that this use is protected speech under the First Amendment. Why does the NCAA say the use is harmful? The NCAA argues that the use creates consumer confusion and implies a false connection or endorsement between the association and the sportsbook.What wider gambling concerns did the NCAA mention? The association stated that it avoids sportsbook partnerships, prohibits betting by athletes and staff, and opposes wagering formats like prop bets and micro-bets. 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.

Fanatics Sportsbook Introduces Team-Style Parlay Betting via Squad Bets

(AsiaGameHub) -   Fanatics Sportsbook has introduced a new wagering option known as Squad Bets, offering customers an alternative method to construct parlays across major sports. This feature enables bettors to assemble a group of players working toward a single combined statistical goal rather than depending on individual prop bets to succeed sequentially. Good to Know Squad Bets enables users to create a roster of three to six athletes. The functionality is operational at Fanatics Sportsbook throughout eligible markets. NBA, MLB, NHL, NFL, and prominent soccer competitions are included in the launch. Fanatics Sportsbook debuted Squad Bets on Tuesday as a fresh alternative for gamblers who favor team-oriented combinations instead of conventional player prop parlays. The mechanism is straightforward. A participant can select a collection of athletes and designate a unified objective for them. For instance, if five NBA competitors are chosen to accumulate 100 collective points, the bet remains active provided the ensemble achieves that total. This concept extends to other sports, like running backs amassing five touchdowns together. This alters the conventional parlay structure. In a typical player prop parlay, a single failure can void the entire wager. With Squad Bets, an individual athlete may underperform while the bet can still pay out if the remaining members propel the squad to its goal."Squad Bets brings a radically different approach to parlay wagering," stated Michael Fitzsimmons, Senior Vice President of Brand Marketing at Fanatics Sportsbook. "By moving the emphasis from individual components to group accomplishment, Squad Bets provides a more customized gambling experience that reflects how enthusiasts engage with athletics." Squad Bets also integrates with additional Fanatics functionalities. FanCash rewards are applicable to these wagers, and Fair Play Injury Protection functions within the team-assembly format, meaning a single injured competitor won't automatically nullify the bet. Fanatics presently operates its digital sportsbook across 23 U.S. states and Washington, D.C. Participants can monitor Squad Bets in real time through the Fanatics application.For basketball, accessible markets encompass points, rebounds, assists, and three-pointers. Baseball selections comprise strikeouts, runs, home runs, hits, runs batted in, and total bases. Hockey includes goals, points, assists, and shots. Football will feature touchdowns, receptions, receiving yards, rushing yards, passing yards, and passing touchdowns. Soccer markets will concentrate on goals and shots. FAQ What is Squad Bets at Fanatics Sportsbook? Squad Bets is a parlay-type function that allows users to merge three to six athletes toward a single collective statistical objective. How is Squad Bets different from a normal parlay? A conventional parlay typically collapses when one component fails. Squad Bets permits the entire ensemble to achieve the target collectively. Which sports are included? Fanatics indicated Squad Bets will encompass NBA, MLB, NHL, NFL, and significant soccer matches. What stats can bettors use? Markets comprise points, rebounds, assists, three-pointers, home runs, hits, strikeouts, goals, shots, touchdowns, passing yards, and additional options based on the sport. Does Squad Bets work with FanCash and injury protection? Yes. Fanatics confirmed Squad Bets contributes to FanCash accumulation and also operates with Fair Play Injury Protection. 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.

Brazil Moves to Tighten Betting Rules Under Pressure from Retail Sector

(AsiaGameHub) -   Brazil is gearing up for additional restrictions on online betting platforms. According to Vice President Geraldo Alckmin, the government plans to strengthen regulations as retail groups continue to pressure Brasília regarding concerns about consumer spending, debt levels, and gambling addiction. Good to Know Brazil intends to impose further restrictions on betting platforms following previous regulatory and tax actions. Retail groups argue that betting is negatively impacting household spending and increasing debt burdens. Betting industry groups dispute these claims, citing retail growth statistics. Brazil's Betting Debate Escalates into Conflict Over Spending and Regulation New limitations on online betting are under consideration in Brazil. Following a meeting with retail leaders in Brasília, Vice President Geraldo Alckmin stated that the government is readying additional measures to address risks associated with betting apps and mobile gaming. "We also addressed the matter of… bets… They were unregulated and entirely underground. So we regulated them, applied taxes, and will implement further restrictions to curb this mobile gaming, which is deeply concerning and leads to gambling addiction," Alckmin stated. Retail sector pressure has significantly influenced this initiative. Representatives from the Brazilian Association of Supermarkets and the Brazilian Association of Wholesalers and Distributors attended the meeting, where they once again connected the expansion of betting to reduced consumption and growing household debt. For retailers, this has become a primary focus of their lobbying efforts in recent months.However, data from Brazil's Finance Ministry presents a more nuanced view. Statistics acquired through the Access to Information Law reveal that 53.4% of bettors spend a maximum of $9.47 monthly on sports betting and online games. An additional 11.45% spend between R$50 and R$150, 6.4% spend between R$150 and R$300, 9.4% spend between R$300 and R$1,000, and 19.5% spend over R$1,000 per month. The average monthly expenditure in 2025 was R$122. Industry groups have leveraged these figures to counter the claims. In June 2025, ABRAS initiated a campaign advocating for increased taxes on betting operators, prompting a legal challenge from the National Association of Games and Lotteries. ANJL dismissed the assertion that betting resulted in R$103 billion ($19.51 billion) in retail losses as unfounded. The organization stated that these accusations "lack empirical support" and characterized them as "broad and potentially defamatory claims that exceed criticism of individual entities and target the entire industry." It also pointed to official retail figures. "IBGE official data indicates that retail sales grew by 4.7% in 2024, with no concrete evidence connecting the sector's performance to the regulated gambling market," the group stated.Plínio Lemos Jorge escalated the criticism, accusing retailers of seeking a scapegoat for rising food prices. He claimed the retail sector had decided to "select a scapegoat" for this issue. "In their view, betting is to blame. This is absurd, as it spreads misinformation aimed at attacking a legitimate economic sector that will generate billions in taxes this year alone," he said. For the government, however, the next phase seems to involve increased rather than reduced control. Brazil has already taken steps to regulate and tax betting, aiming to bring a previously informal market into a formal framework. The focus is now moving toward stricter protections, particularly concerning addiction risks and mobile accessibility. The same Brasília meeting also addressed other retail policy matters, such as full-service pharmacies within supermarkets and discussions surrounding the Worker Food Program. Nevertheless, betting emerged as one of the most politically charged topics. An additional concern looms in the background. Some analysts caution that excessive restrictions could drive users away from licensed operators toward offshore or illegal platforms. One analyst noted that stricter limits on legal platforms "would benefit the illegal market" if consumers seek options beyond regulated channels. 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.

Kalshi Imposes Stricter Trading Rules on Sports and Political Contracts

(AsiaGameHub) -   Kalshi has introduced new trading limitations designed to mitigate insider trading risks associated with political and sports contracts. The changes were announced on Monday, a time when prediction markets are grappling with legal scrutiny and renewed concerns about market integrity. Good to Know Kalshi will prohibit political candidates from trading in markets related to their own campaigns. Athletes, referees, and other sports staff will be restricted from participating in specific sports markets relevant to their roles. Polymarket, another prediction market platform, also released revised insider trading guidelines on Monday. Kalshi stated that the new restrictions are proactive measures that have been in the works for several months. However, the timing of the announcement attracted notice, as it came only hours after a bipartisan U.S. Senate bill was proposed to outlaw prediction market contracts for sports events. Per the new policy, political candidates seeking office will be excluded from trading in markets connected to their own campaigns. Additionally, Kalshi is preventing individuals associated with college and professional sports—such as athletes, staff members, and referees—from trading in markets related to the leagues they are part of. The company is implementing these changes amid mounting pressure on prediction markets from multiple fronts. Over a dozen states have ongoing lawsuits that question the legality of sports event contracts. Concurrently, atypical trading activity has sparked further doubts about the integrity of markets focused on political and global events.Polymarket, a competing platform, also issued enhanced insider trading guidance on Monday. Collectively, these changes indicate that leading prediction market operators are working to strengthen their controls as legal and political pressures continue to grow. Not all parties are satisfied with Kalshi’s tightened restrictions. Congresswoman Alexandria Ocasio-Cortez (AOC) argues that the measures are insufficient, noting that significant risks remain and that further restrictions are necessary beyond what has been put in place. This is absolutely not enough. Just on the policy piece alone, there are SO many individuals – staff, advisors, consultants, cabinet secretaries, spouses, and more – that can trade on insider information.This is just a fig leaf to deflect from criticism. We need to do more. https://t.co/9arxK8KPF0 — Alexandria Ocasio-Cortez (@AOC) March 23, 2026 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.

Brazil Betting Data Shows Most Users Maintain Low Spending

(AsiaGameHub) -   Information from Brazil's Ministry of Finance reveals that the majority of individuals using sports betting and online gaming sites spend moderate sums monthly. The data also provides a more detailed picture of age and gender distributions within the regulated sector. Good to Know 53.4% of bettors in Brazil spend a maximum of R$50 each month. Male users constitute 68.2% of the total, with females representing 31.8%. Approximately 19.5% spend over R$1,000 monthly, equating to roughly 4.3 million individuals. The statistics, provided by Pay4Fun and featured in Tácio Lorran's column for Metrópoles, originate from Ministry of Finance data acquired via the Access to Information Law. They indicate that low monthly expenditure continues to be standard for a significant portion of the betting population in Brazil. Over half of all users, precisely 53.4%, spend no more than R$50 per month on these activities. An additional 11.45% spend between R$50.01 and R$150, and 6.4% are in the R$150.01 to R$300 bracket. A further 9.4% allocate between R$300.01 and R$1,000 monthly. On the higher end, 19.5% of bettors state they spend more than R$1,000 each month. This segment is estimated to include about 4.3 million people.The figures also reveal a distinct gender division. Men represent 68.2% of bettors, whereas women make up 31.8%. In terms of age, the most prominent category is 31 to 40 years old, comprising 28.63% of total users. Those aged 25 to 30 account for 22.21%, and bettors aged 24 and under represent 22.06%. Engagement subsequently declines with age: 17.20% for ages 41 to 50, 7.02% for 51 to 60, 2.17% for 61 to 70, and 0.60% for individuals over 70. Leonardo Baptista, chief executive and co-founder of Pay4Fun, commented that the data highlights a market predominantly characterized by lower spending tiers: “We must recognize that Brazilians enjoy entertainment, and the industry exists to provide it.“An emphasis on prohibition would only strip away what is now a regulated market, complete with rules and support, and drive it entirely into the illegal sphere, which lacks support, oversight, and prize guarantees.” The research did not specify which platforms are most frequently used by bettors. It also did not detail the most favored games or types of wagers. 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.

Two Bills To Ban Sweepstakes Casinos Clear Maryland House Unanimously, One Online Gaming Bill Stagnates

(AsiaGameHub) -   Maryland legislators have advanced two bills targeting sweepstakes casinos through the House, forwarding both to the Senate Budget and Taxation Committee. Concurrently, a distinct initiative to legalize online casinos stalled ahead of a crucial legislative deadline. Good to Know HB 295 passed the House on March 20 by a 105 to 25 vote. HB 1226 passed on March 23 by a 134 to 2 vote. Maryland online casino bills did not advance before Crossover Day. Maryland House Moves 2 Sweepstakes Casino Bills to Senate Maryland has moved a step closer to prohibiting sweepstakes casinos. Both House Bill 295 and House Bill 1226 were approved by the House and are now directed to the Senate Budget and Taxation Committee. HB 295 aims to establish a new criminal prohibition against what the legislation terms interactive games. This refers to online or mobile platforms utilizing multiple forms of currency that are convertible into prizes or cash equivalents while mimicking casino games, lottery offerings, or sports wagering. Games that provide only non-monetary prizes would remain exempt from the ban. The legislation's scope extends beyond just platform operators. It also applies to promoters and other individuals associated with such platforms. Potential penalties include fines from $10,000 to $100,000 and prison sentences of up to three years.HB 295 progressed slowly before its floor vote. Following a February 5 hearing in the Ways and Means Committee, the bill was inactive for over a month. Legislators ultimately advanced it on March 19 after amending its enforcement provisions. During the floor discussion, some representatives expressed concerns about the wording potentially affecting free-to-play users. The second piece of legislation, HB 1226, is designed to bolster enforcement capabilities. It would grant regulators expanded authority to issue cease-and-desist orders, block financial transactions and platform access, and seek both civil and criminal penalties against unlawful operators and their service providers. Maryland's General Assembly must still approve at least one of these bills before the session concludes. Should that occur, Maryland would become the eighth state to outlaw sweepstakes casinos, joining Indiana and six others. While the anti-sweepstakes measures progressed, efforts to legalize online casinos faced setbacks. Two Senate bills intended to establish a regulatory framework for iGaming did not move forward before the General Assembly's crossover deadline, halting that initiative for the time being. 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.

bet365 Exits American Gaming Association

(AsiaGameHub) -   bet365 has departed the American Gaming Association, adding another high-profile operator to the string of member losses the trade group has seen in recent months. This exit follows the departures of FanDuel and DraftKings, as the U.S. gambling industry continues to split over prediction markets and the future direction of national gambling policy. Key Highlights bet365 cites the AGA’s focus on retail casinos as the reason behind its exit. Both FanDuel and DraftKings exited the association in November 2025. Fanatics and OpenBet have also departed within the same six-month period. bet365 Grows AGA’s List of Member Losses Another major industry operator has cut ties with the American Gaming Association. bet365 confirmed its exit, noting the trade group’s priorities no longer align with its goals as a digital-first company. “As a digital-first operator, bet365 has withdrawn from the AGA due to the organization’s heavy focus on the retail casino industry,” a bet365 spokesperson told iGaming.org on Tuesday. “We place great value on our industry partnerships and remain committed to working constructively with regulators and partners across all markets where we operate.” bet365’s decision comes after the earlier departures of FanDuel and DraftKings, both of which left the association in November 2025. For those two firms, disagreement over prediction markets was the core of the split. Both companies signaled clear interest in growing in that sector, while the AGA took a firm hardline stance against sports event contracts. In a December 2025 membership letter, AGA chief executive Bill Miller wrote: “Our position is clear and unwavering: sports event contracts are a form of gambling, and gambling is regulated by individual states and tribal nations. “In 2026, we will continue to defend this regulatory framework and uphold state authority and tribal sovereignty.” bet365 pointed to the AGA’s retail casino focus, rather than disagreement over prediction markets, as its reason for leaving. Even so, the broader industry divide is impossible to miss. Multiple large operators see significant growth opportunity in prediction markets, despite the ongoing legal and regulatory fights currently underway. FanDuel made this same position clear when it exited last year. “FanDuel has built our business by maintaining strong industry partnerships, and we value the collaborative spirit that comes with these relationships,” a FanDuel spokesperson said in November. “But as we expand into prediction markets, we recognize this growth direction is not aligned with the American Gaming Association’s current priorities for its member operators.” The spokesperson added: “FanDuel has always been an agile, forward-moving company, from daily fantasy to mobile sports betting to prediction markets. We build what consumers want, and we operate with an unwavering commitment to integrity.” For the AGA, bet365’s exit adds to a difficult stretch. Fanatics and OpenBet have also left within the same six-month window, leaving the group with a growing gap between its retail-focused policy priorities and the direction many digital operators want to pursue. 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.

Alberta Establishes July 13 Deadline for iGaming Operators

(AsiaGameHub) -   Alberta has established significant deadlines for operators seeking to participate in a regulated market for online sports betting and casino games. The Alberta Gaming, Liquor and Cannabis Commission (AGLC) has issued new guidance that clarifies the timeline for applications, the exit from the grey market, and the rules for transitioning player accounts. Key Takeaways Operators are required to submit applications and fees by July 13, 2026. In specific instances, the AGLC may grant extensions until October 13, 2026. While over 55 operator sites have indicated interest, only nine had paid fees as of March 17. Alberta Establishes Deadlines as iGaming Launch Approaches The AGLC has outlined crucial dates for private operators in anticipation of a potential spring launch for regulated iGaming in Alberta. This guidance applies to sports betting websites, online casino platforms, and grey market operators currently accepting wagers in the province without official authorization. According to the new framework, any operator or affiliated entity operating an unregulated lottery scheme in Alberta is required to file a complete application and pay all applicable fees by July 13, 2026. Additionally, these operators must cease accepting unregulated wagers by this deadline. The AGLC indicated that it might provide a case-by-case extension of up to three months, setting October 13, 2026, as the final cutoff date. However, the regulator noted that such extensions would only be granted if an operator can demonstrate a path to compliance that was not achievable prior to July 13.July 13 does not mark the official market launch date. The guidance specifies that the Alberta iGaming Corporation will decide the go-live date. If the launch occurs after July 13, unregulated activities must halt by the go-live date, although no extension can extend beyond October 13. If the launch is delayed until after October 13, all grey market activities must nevertheless cease on the launch day. The AGLC cautioned that non-compliance with these rules could result in a determination of unsuitability for registration in Alberta. This is significant as the province seems to be utilizing the transition period to compel grey market brands to either join the regulated system legitimately or withdraw. Interest appears robust, at least theoretically. The AGLC reported that over 55 operator sites have shown interest in entering the market. However, as of the March 17 guidance document, only nine had remitted the required fees. The AGLC also stated it is monitoring advertising and broader market activities closely, noting that persistent non-compliance could influence future suitability rulings. For players, a practical concern is prominent. Operators joining the new framework are required to settle or void all outstanding wagers prior to launch. This encompasses futures bets placed with grey market sportsbooks. Furthermore, operators must refund player balances and provide clear explanations regarding the timelines and processes for account closure.This requirement reflects a portion of the transition process in Ontario before its competitive iGaming market launched in 2022. Alberta is largely adopting this model and is set to become the second Canadian province to feature an open, regulated online gambling market. Currently, Play Alberta is the sole authorized site in the province. Speaking to iGaming.org, an AGLC spokesperson revealed that the regulator is collaborating with Service Alberta, Red Tape Reduction, and the Alberta iGaming Corporation regarding a spring launch. The spokesperson emphasized that informing operators about the transition period is crucial as the launch of an open regulated market draws near. Some foundational work is still pending. The Alberta iGaming Corporation must be fully operational and finalize contracts with operators. Additionally, fees continue to pose a challenge for some applicants. Operators are subject to a one-time application fee of $50,000, an annual registration fee of $150,000, and a de facto tax rate slightly exceeding 20%. 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.

NagaCorp Reports $309.9 Million Profit for 2025 in Cambodia

(AsiaGameHub) -   NagaCorp saw a significant increase in its 2025 earnings, driven by improved revenue and EBITDA across various sectors at its NagaWorld complex in Phnom Penh. The growth was fueled by robust mass-market results, increased VIP engagement, and the introduction of gaming products with better margins. Good to Know NagaCorp's net earnings for 2025 totaled $309.9 million. Total revenue for the group increased by 26.2% to approximately $709.7 million. The introduction of side bets and an improved win rate contributed roughly $39 million in additional income. NagaWorld Boosts NagaCorp’s Financial Performance The company reported that its annual net profit climbed to $309.9 million, a substantial rise from the $109.6 million recorded the previous year. The 2024 figures had been impacted by a $89.1 million non-cash impairment charge related to a resort development in Vladivostok, Russia. For 2025, revenue reached nearly $709.7 million, representing a 26.2% increase, while EBITDA surged to $404.4 million from $202.8 million in 2024. This led to an EBITDA margin of 57.0% and a net profit margin of 43.7%. Management attributed these improvements to increased business volumes and a strategic emphasis on the mass market. They also highlighted the success of high-margin offerings like side bet games, which enhanced the gaming experience and boosted overall profitability.Gross gaming revenue (GGR) at NagaWorld grew by 27.4% year-on-year to $691.6 million. Revenue from mass-market tables rose 27.2% to $342.4 million, while electronic gaming machines in the mass segment saw a 13.5% increase to $142.6 million. The company noted that mass-market success was supported by a 12.6% rise in business volume and a win rate of 22.9%. The implementation of side bet games helped elevate win rates throughout the year, contributing an estimated $39 million in extra revenue. The premium mass segment also played a key role, with high-spending visitors frequenting high-limit zones, improving table yields and shifting the customer demographic. Premium mass revenue now represents 38.5% of the total mass-market table GGR, up from 33.9% in the prior year. The VIP sector showed growth as well. Revenue from house-managed "premium VIP" services increased by 32.1% to $136.2 million, with rolling volume jumping 51.6% to $5.50 billion. This recovery was linked to an influx of high-value business travelers to Cambodia and increased spending by top-tier VIP clients.Referral VIP revenue climbed 57.2% to $70.4 million, supported by a 17.2% increase in rolling volume to $2.32 billion. NagaCorp announced an interim dividend of $0.0109 per share, totaling $48.3 million, scheduled for payment on August 7. This represents a 30% payout ratio based on earnings from the latter half of 2025. Management stated the dividend underscores their commitment to growth and shareholder returns. Despite the termination of a funding agreement for the Naga 3 expansion in December, the company remains committed to the project. Previous updates suggested that the project's scope and budget might be adjusted. 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.

Taiwan Shuts Down Cross‑Border Gambling Ring Tied to $1.03 Billion

(AsiaGameHub) -   Taiwanese law enforcement officials announced they dismantled a cross-border money laundering operation connected to illicit online gambling. The authorities estimate that the criminal organization transferred approximately TWD33 billion, equivalent to roughly US$1.03 billion, via transactions at Macau casinos. Good to Know Taiwanese officials stated the case encompassed approximately TWD33 billion in alleged illegal funds. Law enforcement reported that the scheme utilized 85 credit cards and culminated in 20 apprehensions. Investigators characterized the case as unprecedented for Taiwanese police. Taiwan Connects Macau Casino Chip Acquisitions to Online Gambling Proceeds The investigation commenced in the latter half of 2025, when Taiwan's Criminal Investigation Bureau tracked questionable money movements from numerous bank accounts associated with online gambling and fraudulent activities. The bureau indicated that funds were transferred into accounts controlled by certain individuals and subsequently applied to credit card balances. Investigators revealed that the organization enlisted third-party intermediaries in Taiwan to function as card-processing operatives. Surplus payments were purportedly placed into these accounts, thereby increasing their credit ceilings. Subsequently, the agents allegedly employed the cards to purchase substantial quantities of casino chips at Macau gaming establishments, redeem the chips for cash, and exchange the money into Hong Kong currency. Officials noted that the arrangement additionally enabled participants to take advantage of international credit card expenditure rewards. Essentially, the network stands accused of employing casino chip acquisitions as a mechanism for transferring and laundering gambling profits across national boundaries. Authorities reported that the alleged sum laundered abroad totaled approximately TWD33 billion. According to local media accounts referencing a police briefing on Monday, the operation involved 85 credit cards and led to the detention of 20 individuals, among them two alleged masterminds.The bureau declined to specify the duration of the purported scheme's operation. Nevertheless, investigators deemed it the inaugural case of this nature discovered by Taiwanese authorities. Items confiscated during the operation comprised approximately TWD230.95 million held in bank accounts, roughly TWD2.62 million in physical currency, along with currency-counting devices, cellular telephones, and credit cards. 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.

Pagcor Greenlights GLI for iGaming Testing in Philippines

(AsiaGameHub) -   Pagcor has designated Gaming Laboratories International LLC as the first independent testing laboratory for iGaming in the Philippines. This approval comes as the regulator intensifies oversight of the rapidly growing online gaming market. Good to Know GLI is the first company to gain accreditation under Pagcor’s new system. B2B iGaming suppliers in the Philippines are now required to hold accreditation. GLI will employ its GLI-19 standard to test platform fairness, security, and integrity. GLI Earns First Accreditation Under Pagcor’s New Rules GLI stated that this accreditation allows it to test and certify iGaming platforms in the Philippines. Under the new framework, all B2B suppliers must meet stricter regulatory and technical standards. The company noted it will apply “GLI-19: Standards for Interactive Gaming Systems” when evaluating submissions. According to GLI, this standard is already utilized in multiple jurisdictions. Pagcor Chairman and Chief Executive Alejandro Tengco said regulated gaming markets “ensure a safer and more sustainable gaming industry for all to participate in”. He further added: “Pagcor now requires all iGaming B2B suppliers operating in the Philippines to be accredited to ensure they comply to the rigorous requirements needed to protect iGaming players.” GLI President and CEO James Maida expressed thanks to Pagcor “for the trust” it continues to place in GLI. 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.

Alumni channel $35 million for 5c(c)

(AsiaGameHub) -   Alumni of the prediction market platform Kalshi are securing as much as $35 million for a new venture fund dedicated to startups in the prediction market space. This initiative serves as a further indicator that investor attention is shifting from trading platforms themselves to the underlying infrastructure that powers event-driven markets. Good to Know 5c(c) Capital intends to back approximately 20 startups within the coming two years. The fund's focus is on firms involved in market making, index creation, and tools for prediction markets. Initial supporters already feature prominent figures connected to Kalshi, Polymarket, and leading crypto and fintech investment networks. New Fund Targets the Plumbing Behind Prediction Markets A new investment vehicle named 5c(c) Capital is forming to target one of online trading's most rapidly expanding areas. According to regulatory documents and sources close to the fundraising, the effort is spearheaded by two early Kalshi employees and aims to gather up to $35 million. Rather than investing directly in consumer prediction platforms, the fund is targeting the foundational layer below them. This encompasses market makers, pricing mechanisms, index offerings, liquidity solutions, and essential infrastructure for event-based trading. Put simply, 5c(c) Capital is evaluating the components that enable prediction markets to operate more efficiently, price more swiftly, and expand more seamlessly. This focus is significant as the sector has expanded far beyond a niche. Both the regulated platform Kalshi and the on-chain platform Polymarket have reported consistent monthly trading volumes in the tens of billions, attracting increased interest from traders, developers, and institutional investors. Consequently, venture funding is now flowing not just to the marketplaces but also to the supporting software, data services, and trading frameworks.As reported by ChainCatcher, Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan are among the initial investors committed to the fund. Backers associated with Andreessen Horowitz, Ribbit Capital, and Multicoin Capital are also participating. This combined support is notable for a market frequently divided between regulated and crypto-native segments. Publicly, relations between the sector's leading companies have sometimes appeared contentious. Coplan has previously referred to Kalshi as "a Polymarket copycat" in interviews, as the two vie for liquidity, market listings, and regulatory positioning. Despite this, capital from both sides is now aligning behind a common broader belief: for the prediction market category to continue its growth, it requires improved infrastructure. An individual involved in the fundraising, who spoke anonymously, succinctly captured this rationale. "What we’re seeing now is investors underwriting the rails and tools that make these markets possible, not just the flagship venues," the person said. For entrepreneurs developing prediction markets, event contracts, index products, trading APIs, liquidity systems, or market-making technology, this represents a crucial signal. Investor attention is no longer concentrated solely on the most prominent consumer brands. Investment is also beginning to move into the sector's foundational "picks-and-shovels" layer, where the quality of infrastructure, tools, and execution can determine the ultimate winners. 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.

IGT Announces Reduction of Approximately 700 Global Positions

(AsiaGameHub) -   IGT is eliminating approximately 700 positions across its global operations, as per an internal memo distributed Monday by chief executive Hector Fernandez. This reduction comes after a review of operations following the merger of IGT's gaming and digital business with Everi Holdings Inc. Good to Know IGT is downsizing its global workforce by around 700 employees. A report indicated the layoffs impact roughly 10% of the total staff. Hector Fernandez stated the company aims to streamline its structure and reduce redundancy. IGT Implements Job Cuts as Post-Merger Review Restructures Business A new phase of restructuring is taking place at International Game Technology Plc. In a staff memo, Hector Fernandez announced that IGT will reduce its global workforce by approximately 700 employees as management seeks to align resources with current business priorities. The layoffs were first reported by the Las Vegas Review-Journal, which noted the job cuts would impact roughly 10% of the total staff. Fernandez, who assumed the CEO role in December, informed employees that this step was necessary to streamline operations and position the group for future growth.This decision follows a significant corporate transformation. The current IGT was formed by merging IGT Plc's gaming and digital business with fintech firm Everi Holdings Inc in a $6.3 billion deal involving funds associated with Apollo Global Management Inc. The transaction was finalized in July of last year. Fernandez mentioned that leadership spent the past few months evaluating the business and making what he called strengthening decisions. “We looked into our areas of focus, our operational methods, and how our structure supports our strategy,” Mr. Fernandez stated. From this review, job cuts emerged. “As part of this evaluation, we also had to make tough decisions regarding our organizational structure, and this process has led to a difficult yet necessary step,” he added. He also noted that a significant portion of the challenging work is already finished. In his words, “much of the foundational work required to build a stronger, more competitive organization” has now been completed.Management is presenting the layoffs as part of a broader efficiency initiative rather than a one-time cost-cutting measure. “The changes we are announcing today are part of our effort to simplify our structure, reduce redundancy, and enable us to operate with greater clarity and speed,” he noted. Employees affected by the layoffs will receive support packages, as per the memo. “For those departing IGT as a result of this action, we are committed to providing severance pay, outplacement assistance, and transition resources,” the CEO stated. Fernandez also sought to direct attention to the company's future and the remaining workforce. He added: “What is important now is how we progress together: supporting one another, focusing on our priorities, and continuing the work that will shape the next chapter of our company.” He concluded with a message directed at customers and execution. The streamlined IGT, he said, “will continue to drive innovation, execute our strategic priorities, and deliver the high-quality service our customers anticipate,” Mr. Fernandez 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.

Stake Leads Livestream Gambling Visibility By a Large Margin

(AsiaGameHub) -   According to fresh data from StreamHatchet, Stake was significantly ahead of all other operators in gambling-focused stream titles at the beginning of 2026. The report highlights a substantial divide between Stake and the competition, while also indicating that prediction market brands are gaining notable momentum across Twitch and Kick. Good to Know In January 2026, Stake was mentioned in 6,600 stream titles on Twitch and Kick, accounting for 60% of all iGaming brand references. Kick hosted the top ten iGaming livestreamers, who collectively amassed 88.4 million hours watched in January. Polymarket and Kalshi led the prediction market category, with 12,000 and 11,700 mentions respectively. Stake Builds A Clear Lead In Gambling Stream Titles The standout figure is impossible to overlook. StreamHatchet identified Stake being mentioned in 6,600 stream titles across Twitch and Kick in January 2026. This accounted for 60% of all tracked iGaming mentions in the report, placing the brand far ahead of every direct competitor in terms of gambling streaming visibility. The rest of the ranking was not even close. 1xBet came next with 1,800 mentions, followed by Betano (837), Winamax (653), FanDuel (597), PokerStars (270), and bet365 (214). Put simply, Stake did not merely top the list—it occupied a distinct tier. A major factor seems to be the close connection between Stake and Kick. Kick is owned by Stake’s parent company, and StreamHatchet content manager Mark Rowland noted that Stake provides many Kick streamers with a bankroll to use during on-air gambling sessions. This arrangement helps clarify why the operator’s name features so frequently in stream titles, particularly when sponsorships and branded credits are part of the agreement.Kick Sits At The Center Of Gambling Livestreaming Twitch still commands a larger portion of the overall livestreaming market, but gambling content has found a more welcoming environment on Kick. The platform has adopted a more permissive stance toward gambling streams, which has enabled it to draw many of the top figures in the category. According to the report, the top ten iGaming livestreamers all streamed on Kick in January. Together they generated 88.4 million hours watched. Trainwreckstv led that group with 15.7 million hours watched, making him the biggest iGaming livestream draw in the period covered. Commercial agreements also help account for why certain brands continue to appear. Rowland stated that operators frequently collaborate directly with streamers, providing them with wagering credit in exchange for exposure that includes brand mentions in titles. Beyond Stake, he cited broader sports and esports sponsorship efforts as another factor boosting visibility for operators such as 1xBet and Betano. Both football and esports have large streaming audiences, particularly in Latin America and Spain, meaning branding linked to these ecosystems can reach a wide audience. Twitch Restrictions Help Shape The Market Not all platforms have taken the same approach. Twitch permits some gambling content but prohibits streaming for specific gambling sites, including Stake and Rollbit, due to concerns related to consumer protection and licensing.This policy shift followed a broader backlash in 2022, when several prominent creators expressed concerns about the risks of gambling content for younger viewers and individuals susceptible to addictive behavior. Rowland identified that period as a pivotal moment in how Twitch managed the category. Consequently, Kick secured a stronger opportunity to become the primary platform for gambling-focused livestream content. Prediction Markets Are Pulling In More Attention Too The report was not limited to casino and sportsbook brands. Prediction markets also recorded robust figures and are now occupying more space in betting-related conversations across livestreaming platforms. Among betting and prediction market brands, Polymarket led with 12,000 mentions in January 2026. Kalshi was close behind with 11,700. FanDuel took third place with 8,800, followed by PrizePicks (5,300) and DraftKings (3,300). 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.

Polymarket Announces New Rules to Fight Insider Trading

(AsiaGameHub) -   Polymarket has revised its rulebook amid growing pressure regarding the integrity of prediction markets. On Monday, the company announced it had implemented Enhanced Market Integrity Rules across both its DeFi platform and its CFTC-regulated U.S. exchange, introducing new restrictions targeting insider trading and market misconduct. Good to Know Polymarket now prohibits trading that relies on stolen confidential data, unlawful tips, or the ability to influence specific events. New Market Integrity sections outline the operation of these rules and guide users on how to report suspicious behavior. This update follows closely on the heels of Polymarket’s announcement of a sports integrity collaboration with Palantir Technologies and TWG AI. Polymarket Clarifies Who Is Restricted From Trading Specific Markets A key component of the update is straightforward: Polymarket is working to clarify which individuals should avoid specific trades. Under the new guidelines, users are forbidden from trading if they possess stolen confidential information related to an event’s result or a connected outcome. Additionally, they cannot trade using illegal tips provided by someone who had a fiduciary duty or obligation of confidence and was not legally permitted to trade on that information themselves. Polymarket has also introduced a third category of forbidden behavior. Individuals with sufficient authority or influence to impact an event’s outcome are not allowed to trade contracts associated with that event. The company provided a clear example in its public documents: a U.S. Congress member should refrain from trading contracts related to a particular legislative bill. This is significant because prediction markets have faced criticism over whether politically connected or otherwise well-informed traders can gain an advantage before the general public becomes aware. Recent Associated Press reporting noted that both Polymarket and Kalshi have strengthened their rules as legislators expressed worries about insider information, sensitive geopolitical developments, and public trust in event trading markets.Neal Kumar, Chief Legal Officer of Polymarket, said: “Markets thrive on clarity. These rule enhancements make our expectations abundantly clear for every participant across both platforms and highlight the compliance infrastructure we have already built. “As Polymarket continues to scale, we will build on our foundation with clear communication to Polymarket’s users to ensure our markets do what they do best — surface truth.” In addition to addressing insider trading, Polymarket stated that both platforms already prohibit fraud, wash trading, spoofing, fake transactions, front-running, self-dealing, attempted market manipulation, and other actions that can disrupt fair and orderly markets. The new Market Integrity pages now detail the practical application of these rules and provide users with dedicated channels to report suspicious activity.The timing of this update is intentional. As sports and political prediction markets gain increased visibility, Polymarket has been seeking to demonstrate to leagues, regulators, and users that it can more rigorously oversee sensitive contracts. Last week, Major League Baseball revealed a multi-year partnership with Polymarket focused on official data and branding, while also emphasizing the need for integrity protections for baseball-related markets. Polymarket also recently disclosed a separate collaboration with Palantir Technologies and TWG AI to develop a sports integrity platform—another indication that surveillance and monitoring are becoming core to how prediction exchanges present themselves to the public. 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.

Planet Hollywood Launches New Integrated Resort in Tbilisi

(AsiaGameHub) -   Planet Hollywood Resorts International is preparing to make its debut in Georgia through a new integrated resort located in Tbilisi. Developed under a licensing deal with Orbi Group and Block Group, in partnership with Iconic Entertainment, the project is set to become a significant addition to the city's tourism, gaming, and hospitality landscape. Good to Know The project will feature a 500-room Planet Hollywood Hotel & Casino in Tbilisi. The plans also include a 600-room Radisson Blu hotel, a casino spanning 50,000 square feet, and a 4,000-seat venue for entertainment. The developers anticipate that the project will generate over 2,000 permanent jobs within Georgia. Planet Hollywood Selects Tbilisi for Major Georgian Resort Moving beyond a traditional hotel debut, Planet Hollywood is lending its brand to an expansive mixed-use development already being built in the capital. The total site will feature two towers housing 1,200 rooms, combining a 500-room Planet Hollywood Hotel & Casino with a 600-room luxury Radisson Blu hotel. Furthermore, the design includes a 50,000-square-foot casino floor, a 4,000-seat arena for special events and entertainment, and more than 70,000 square feet of Harvey Nichols retail space. The project will also include various nightlife and dining establishments. This diverse combination gives the development a more significant role than a standard hotel and casino launch. The developers are marketing it as a comprehensive destination centered on hospitality, tourism, nightlife, retail, and live events. Practically, this means Tbilisi will gain a resort complex intended to attract both local residents and international visitors, while also establishing a major employment hub with an expected 2,000+ permanent positions. Robert Earl, the Founder of Planet Hollywood, remarked: “This represents a landmark moment in the ongoing global growth of the Planet Hollywood brand. Tbilisi is a city defined by its unique character and incredible momentum. Alongside our partners, we are building a destination that integrates hospitality, entertainment, and immersive experiences in a manner that is both authentic to the local market and highly ambitious.” The extensive group of partners behind the project reflects its massive scale. Orbi Group, Block Group, and Iconic Entertainment are all participating, with each describing the development as a major milestone for the city and the surrounding region. Tornike Janashvili, CEO of Block Group, stated: “This is a transformative moment for Tbilisi. We are introducing a genuine integrated resort—one that will enhance the city’s international profile, attract large-scale global tourism, and establish a new benchmark for hospitality, entertainment, and economic growth in the region.” Irakli Kvergelidze, CEO of Orbi Group, added: “We are proud to bring the Planet Hollywood Hotel & Casino to Tbilisi and to create a destination that will help define the future of hospitality and tourism in Georgia.” Another prominent figure involved in the project is Mark Advent, the founder of the New York New York Hotel & Casino in Las Vegas and a Partner at Iconic Entertainment. He connected the project to Planet Hollywood’s entertainment heritage and the growth potential of the city, commenting: “I have waited for decades for the perfect chance to collaborate with Robert Earl—one of the world’s most renowned impresarios; his creation of Planet Hollywood is part of a legendary legacy. “We are in the business of fun, and he has brought immense joy to guests across the globe by bringing one of pop culture’s most iconic entertainment brands to life. Furthermore, Tbilisi is ready for a development of this magnitude—this will be a landmark destination!” The resort also brings another international hospitality and gaming name to a city that has been increasingly attracting global operators. Tbilisi has seen growing interest from international travelers in recent years, supported by its mix of urban expansion, historic architecture, and a broader push for tourism. In this environment, a branded integrated resort of this magnitude could strengthen the local market's standing in regional competition for events, travel, and casino business. For Planet Hollywood, the development expands the brand beyond its Las Vegas roots and provides a new presence in the Caucasus and Eastern Europe. Further details regarding the programming, timing, and future rollout are expected to be announced in the coming months. 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.