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Brazil Orders Tobacco-Style Warnings on All Betting Ads: ‘Betting Makes You Lose Money’

Brazil’s Finance Ministry is imposing the strictest advertising regime yet on the country’s licensed betting operators, mandating cigarette-style health warnings on every ad, banning pundits and influencers from nudging viewers…

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France’s Gambling Regulator Warns All Esports Betting Is Illegal as the $75M Esports World Cup Opens in Paris

As the Esports World Cup opens in Paris with the largest prize pool in the sport’s history, France’s national gambling authority has reminded fans that wagering on any of it…

Continue ReadingFrance’s Gambling Regulator Warns All Esports Betting Is Illegal as the $75M Esports World Cup Opens in Paris

Prediction Market Volume Jumped 75% to $44.8B in June as the World Cup Drove Record Trading

Combined trading volume across the two largest prediction-market platforms surged 75% in June to $44.8 billion, a record for the sector, as the FIFA World Cup pulled a wave of…

Continue ReadingPrediction Market Volume Jumped 75% to $44.8B in June as the World Cup Drove Record Trading

An AI Deepfake of Bruno Fernandes Posed as a Brand Ambassador for an Unlicensed Casino

Two unlicensed offshore casinos have hijacked the identities of football stars Bruno Fernandes and Jude Bellingham, using an AI-generated deepfake video and fabricated BBC news articles to invent official endorsements…

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Prediction Markets Traded Nearly $460M on Mexico-England as World Cup Odds Swung From Red Card to Certainty

Prediction-market traders moved nearly $460 million combined across Kalshi and Polymarket on England’s 3-2 round-of-16 win over Mexico. Seen as one of the best matches of the World Cup so…

Continue ReadingPrediction Markets Traded Nearly $460M on Mexico-England as World Cup Odds Swung From Red Card to Certainty

Prediction Markets Peg USMNT as Favorite Against Bosnia, With Oddsmakers Hoping For Penalty Shootout

Prediction markets have pegged the United States as an overwhelming favorite to reach the World Cup’s Round of 16 when the host nation meets Bosnia and Herzegovina in Santa Clara,…

Continue ReadingPrediction Markets Peg USMNT as Favorite Against Bosnia, With Oddsmakers Hoping For Penalty Shootout

Riot Games Makes Stake-Owned Kick an Official Esports Broadcaster, Just a Year After Rescinding Sponsor Ban

Riot Games has named Kick, the streaming platform owned by the founders of crypto casino Stake, as an official broadcaster of its esports product. This is a full turnaround from…

Continue ReadingRiot Games Makes Stake-Owned Kick an Official Esports Broadcaster, Just a Year After Rescinding Sponsor Ban

Trader Turns FIFA World Cup Bets Into $8.47 Million Profit in a Single Day

A prediction-market trader earned $8.47 million in a single day betting on the FIFA World Cup. The wagers spanned the Sweden-Japan and Ecuador-Germany fixtures. Two Wallets, Multimillion-Dollar Wagers According to…

Continue ReadingTrader Turns FIFA World Cup Bets Into $8.47 Million Profit in a Single Day