Codere is reportedly up for sale at a $2.3 billion valuation iGame

Codere is reportedly up for sale at a $2.3 billion valuation

(AsiaGameHub) - Reports indicate Codere is on the market with a valuation surpassing €2 billion (or $2.3 billion). Spanish newspaper Expansión stated on Wednesday that Codere has engaged Jefferies and Macquarie Capital as advisors to prepare the firm for a sale. According to the report, interested parties are expected to submit non-binding offers for Codere by mid-May, with a final purchase agreement to be finalized before the August summer break. Currently, Codere’s ownership is divided among roughly 84 investment funds. In 2024, Codere completed a recapitalization deal that cut its corporate debt from €1.4 billion to around €190 million. The company noted this would secure a “future of stability and growth” and enable it to pursue further expansion in LatAm and Europe. “With an optimal debt structure and greater liquidity, Codere is positioned to seize new expansion opportunities in its key markets, consolidating its leadership in the sector,” the group said in a statement upon the recapitalization’s completion. Codere currently operates in European markets including Spain and Italy, as well as LatAm markets like Mexico, Argentina, Panama, Uruguay, and Colombia. Reports suggest Codere Online would be part of any potential sale of the broader business. Allwyn as a Potential Codere Suitor Ed Birkin, managing director of H2 Gambling Capital, told iGB he believes the rumored €2 billion valuation will be too high for most buyers. He named Allwyn International and Flutter Entertainment as potential acquirers, while remaining in private equity is another viable option. In January, Allwyn closed its $1.6 billion acquisition of a 62.3% stake in PrizePicks. On a post-FY2025 investor call, CEO Robert Chvátal said the company was exploring other M&A opportunities, though primarily focused on proprietary sportsbook technology. Birkin also noted Codere could be an “interesting omnichannel opportunity” for operators looking to enter the LatAm market. iGB will provide more updates on this story as it unfolds… This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Isle of Man proposes civil penalties for individuals as gambling bill enters consultation iGame

Isle of Man proposes civil penalties for individuals as gambling bill enters consultation

(AsiaGameHub) - The Isle of Man is proposing changes to its gambling laws that would allow the regulator to issue civil penalties directly to senior executives for compliance failings. This represents a departure from the existing approach of only penalizing companies. The measure aims to increase personal responsibility for directors, compliance officers, and other key staff at gambling firms. The proposed Isle of Man Gambling Legislation (Amendment) Bill 2025 would give the regulator the power to fine individuals if violations happen with their consent, through their connivance, or due to their negligence. This step is part of the regulator's wider programme of reforms designed to tighten entry controls. It would also broaden investigative authority to keep pace with changing risks in the industry. The bill, guidance and consultation The Bill introduces new direction-making powers, permitting the gambling regulator to give formal written orders to licence and certificate holders. These directives could require the provision of information, the execution of corrective actions, the suspension or cessation of operations, or an orderly shutdown following licence surrender. Failing to adhere to these directions could result in serious repercussions. The amendments would permit regulators to revoke or suspend licences and certificates. Such offences could be punished with up to six months in prison or level-5 fines, with the potential for higher penalties if convicted on indictment. In addition to the bill, the Gambling Supervision Commission (GSC) has published draft guidance outlining how it would assess individual responsibility and determine appropriate fines. The guidance makes clear that sanctions against individuals would be applied in addition to, not as a substitute for, penalties against the company. The regulator has conducted extensive consultations on its broader legislative reforms and has now launched a specific public consultation concentrating on these personal accountability measures. Gambling industry stakeholders are encouraged to provide feedback between 23 and 25 May 2026. A history of enforcement The draft legislation comes after recent enforcement actions, including a £200,000 fine the GSC levied against Shelgeyr, the operator of Maverick Games, in February. This penalty was for systemic weaknesses in customer due diligence and continuous account monitoring. The regulator has also acted firmly in other recent instances, such as imposing penalties on Celton Manx for compliance deficiencies and revoking the licence of Boldwood Software's owner. The GSC notes that the Isle of Man's money laundering risk is currently rated as "medium high". After the consultation period ends, the Gambling Supervision Commission will consider the feedback received before finalizing the bill. To help the industry comprehend how personal accountability will work in practice, the regulator also intends to host an online Q&A session to offer more detail on the enforcement of the new measures. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Episode 33: Are Prediction Markets Overhyped for March Madness?

(AsiaGameHub) - This week, Ed Birkin and Robin Harrison discussed several important industry subjects, examining the recent ECJ ruling and the March Madness wagering market more closely. The duo starts by addressing the recent ECJ opinion regarding German player-loss lawsuits, which they indicate provides minimal guidance for the broader sector. The ruling seems to endorse the authority of member nations to implement their own gambling licensing systems, provided these regulations adhere to EU legislation. Nevertheless, it fails to resolve the most significant issues. March Madness and the actual scale of the wagering market Ed states that March Madness represents the world's most heavily wagered-upon competition. H2 projects that the legitimate US sportsbook handle for both the men's and women's tournaments together will hit $4 billion, an increase from $3.7 billion in the previous year. Furthermore, Ed approximates that prediction markets might produce approximately $1.6 billion in trading volume during the tournament, which he converts to about $530 million in handle-equivalent terms. The portion that directly rivals licensed sportsbooks in states where sports wagering is already permitted is considerably lower, estimated at between $135 million and $150 million. Are prediction markets receiving excessive attention? Based on their conversation, prediction markets constitute merely one of several elements that could influence sportsbook results. Additional challenges, including reduced promotional spending, economic pressures, and evolving consumer patterns, could potentially exert more substantial effects on handle. The duo wraps up by expanding the conversation about prediction markets to a wider context. Robin highlights recent advancements in countries like Brazil, Argentina, and the Netherlands, whereas Ed continues to express strong doubts regarding their future viability. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Sportradar Unveils New iGaming Brand, Blending Sports Data with Casino Gaming iGame

Sportradar Unveils New iGaming Brand, Blending Sports Data with Casino Gaming

(AsiaGameHub) - Sportradar has introduced its own iGaming brand, describing it as a combination of its sports data proficiency and casino offerings, representing the "next step in the evolution" of its iGaming division. Announced on Tuesday, the new brand, Playradar, will utilize Sportradar's sports data to create exclusive hybrid betting products. Playradar will offer a continuous live experience center where players can watch sports livestreams and place real-money wagers. The platform includes social functionalities that allow users to engage with each other in real time by exchanging insights, reactions, and tips. Access to both live and archived sports and casino streaming will be provided, with the goal of transforming key sporting moments into event-based gameplay that merges sports streaming with casino-style mechanics. Sportradar stated the brand will function exclusively in regulated markets, with game launches planned across 2026. An initial rollout is scheduled for the UK, North America, and Latin America. The company noted that most of its current clients already run both sports betting and casino operations, positioning Playradar as a "natural channel" for sustained revenue generation. Founder and CEO Carsten Koerl commented that the product will enhance the company's capacity to implement its long-term growth plan. “Playradar content is engineered to facilitate optimized cross-selling between sports and casinos, assisting operators in boosting player value and session duration at a time when user engagement and retention are crucial for operational sustainability,” Koerl said. Haitin brought in to lead Sportradar’s iGaming charge In early January, Sportradar revealed the hiring of Edo Haitin for the role of executive vice president of iGaming. Haitin brought more than two decades of industry experience, having previously held the position of CEO at Playtech Live. “We have a unique capability to effortlessly integrate live and historical sports events, innovative gaming mechanics, and casino content, and we benefit from the advantage of distributing games to a portfolio of operators that is already licensed,” Haitin said. “I am tremendously enthusiastic about further reinforcing our iGaming business via Playradar and developing it into a frontrunner in iGaming content, by capitalizing on Sportradar's current assets and the deeply experienced and talented team already assembled.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Zeal Explores Further Investments in Social Lotteries and Prize Draw Geographic Expansion iGame

Zeal Explores Further Investments in Social Lotteries and Prize Draw Geographic Expansion

(AsiaGameHub) - During this morning's FY2025 earnings call, Zeal Network executives informed analysts that the company is exploring potential investments in more social lotteries and prize draw ventures beyond Germany. Dr Stefan Tweraser, the recently appointed CEO of the German lottery operator, stated that Zeal possesses a robust financial reserve for investment purposes, with additional details to be disclosed later in 2026. The company's overall results showed a 16% revenue increase across all operations, reaching €218 million. The lotteries division accounted for the bulk of this figure (89%), also posting a 16% year-over-year revenue gain. The period's revenue exceeded the September projection of €205-215 million by 2%. EBITDA reached €68.8 million, hitting the upper limit of the earlier €63-68 million guidance. Gaming revenue climbed 46% for the period. Company executives commended Zeal's 21% increase in marketing expenditure over the year. CFO Andrea Behrendt informed analysts that this upward trend is projected to persist into 2026, as Zeal intensifies its strategy for investing in environments without jackpots. Marketing expenditure is anticipated to outpace revenue growth in 2026. Behrendt noted that this investment has yielded returns, creating considerable value for shareholders. The expansion into additional digital marketing channels in 2025 enabled the company to enhance its partnership strategies, according to the CFO. New customers grew despite weak jackpot environment A key highlight of the FY25 earnings report was Zeal's customer base expansion, achieved despite what was characterized as a challenging jackpot environment in 2025. The lottery segment added 7% more registered customers during the 12-month period, totaling 1.2 million. Monthly active users (MAUs) for lotteries increased 8% year-over-year to 1.6 million. In the gaming division, MAUs hit 30,000 in FY25, representing a 36% increase. Behrendt stated that this demonstrated Zeal's ability to boost customer acquisition even during periods between jackpots. She added that lottery customer acquisition has grown less reliant on jackpots, resulting in greater stability. Nevertheless, the subdued jackpot environment in 2025 caused lottery cost-per-lead to rise by 32%. In response to questions about its prize draw operations and domestic competition in Germany, Tweraser asserted that Zeal dominates the 'dream house raffle' segment, with rivals falling short of its scale, customer growth generation, and capacity to drive lotteries from offline to online. The company anticipates scaling up its Traumhausverlosung operation to raffle as many as one house per month going forward. With Germany still undergoing a review of Interstate Treaty gambling rules, an analyst inquired whether Zeal foresees any regulatory shifts ahead. Tweraser responded that no major changes are expected and that the operator maintains close communication with the GGL. Zeal expects revenue uptick of up to 19% in 2026 Zeal projects 2026 revenue between €250 million and €260 million, representing a potential 19% rise over 2025. EBITDA is forecasted at €70-75 million, which already incorporates higher investment levels compared to 2025 aimed at further diversifying the company's portfolio. Nicole MacedoNicole began her career in local newsrooms in her native Gibraltar, where she contributed to launching the peninsula's first exclusively online broadcaster. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Eeze enters into global partnership with EveryMatrix iGame

Eeze enters into global partnership with EveryMatrix

(AsiaGameHub) - Eeze, a next-generation casino supplier, has entered into an extensive distribution agreement with EveryMatrix, encompassing the leading aggregator's worldwide presence. Eeze's entire suite of live dealer games, along with its upcoming slots portfolio, will be accessible to all EveryMatrix partners, greatly expanding the supplier's market reach. This collaboration covers all of EveryMatrix's active markets, marking a significant milestone for Eeze on a global scale. The deal coincides with Eeze's ongoing portfolio expansion, which recently saw the launch of the advanced live dealer title Fusion Roulette and the first games from its new slot collection. Mikko Hoglund, Partnership Manager at Eeze, said: “Our partnership with EveryMatrix is a pivotal step as we aim to distribute our games to a broader player network. “We have numerous thrilling product launches scheduled for the coming months and are confident that these new games, together with our existing catalog, will resonate strongly with EveryMatrix's clients.” Bjorn Sjoberg, Chief Commercial Officer at EveryMatrix, added: “We are delighted to integrate Eeze's complete product range into our aggregation platform. Featuring top-tier live games and a promising pipeline of RNG titles, we believe our partners will value the unique content these games introduce to the 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.
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QTech Games Adds Multi-Sportsbook Offering to Platform iGame

QTech Games Adds Multi-Sportsbook Offering to Platform

(AsiaGameHub) - QTech Games, a premier game aggregator specializing in emerging markets, has unveiled a multi-sportsbook initiative ahead of a major 2026 sports season. This strategy, centered on the FIFA World Cup, aims to boost player acquisition and retention for partners in football-centric regions like Africa and Latin America. This series of sportsbook integrations begins this week with Song88, a rapidly growing platform gaining traction in the Far East through its diverse pre-match and live betting markets. QTech’s move into flexible sportsbook solutions highlights its goal to expand and solidify its presence in regions where the synergy between igaming and sports betting remains largely unexplored. Song88 has quickly risen in popularity, having been designed specifically to meet the preferences of users in emerging territories. Utilizing modern data feeds and pricing models, the platform provides sophisticated, real-time odds until the final whistle, alongside competitive rates across various sports. This launch aligns perfectly with next year’s major events, such as the FIFA World Cup, NBA, and ATP Tennis, while offering customization for local and niche markets. Philip Doftvik, CEO of QTech Games, stated: “We are thrilled to introduce a sportsbook to our product lineup. This addition will drive our ongoing expansion and allows us to fulfill long-standing requests from clients eager for a sports-betting solution. As a leading aggregator in emerging markets, expanding our value chain is a logical progression, and this localized flexibility will provide our partners with a distinct advantage. We are also delighted to collaborate with the skilled team at Song88. “In the coming months, we plan to introduce several other premier sportsbooks, carefully selected by QTech to ensure our clients can find the best fit for their needs. Offering a variety of suppliers with different strengths provides the necessary flexibility for a global market, as each operator has unique requirements or local focuses. With the World Cup approaching, the timing is ideal.” Magnus Karlsson, CEO of Song88, added: “Song88 is quickly establishing itself as a preferred choice for new sportsbooks, built from the ground up for local players. Through QTech’s distribution network and expertise, we can now reach more emerging markets worldwide, particularly with next year’s busy sports calendar featuring major tournaments in football, basketball, baseball, and tennis—all of which are core strengths for Song88.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Strive Gaming and PlayStar Casino announce strategic partnership iGame

Strive Gaming and PlayStar Casino announce strategic partnership

(AsiaGameHub) - Strive Gaming, a modern multi-state, multi-tenanted platform provider crafted specifically for the North American market, has announced a new partnership with leading online casino operator PlayStar. Under the agreement, Strive will supply its market-leading PAM technology to support PlayStar’s ongoing growth across North America. PlayStar will shift its New Jersey operations from its current player account management (PAM) provider to the Strive platform, with subsequent launches planned in additional regulated regions, including Ontario and Alberta in Canada. PlayStar selected Strive following a comprehensive evaluation process as it sought a platform partner capable of backing its long-term aspirations across North America. Strive’s exclusive focus on the U.S. market, coupled with the strength and scalability of its technology, positioned it as the clear partner of choice. Max Meltzer, CEO at Strive Gaming, said: “PlayStar is a highly ambitious operator with a distinct vision for building one of the top casino brands in North America. They were in search of a platform partner that grasps the realities of operating in the U.S. and Canada and can support them as they scale across multiple regulated markets. “Our focus on North America, combined with the robustness and flexibility of our platform, made this a natural fit. Both companies are on strong growth paths and share similar ambitions for the region, so we’re excited to support PlayStar as it continues to expand.” PlayStar Casino has rapidly established itself as one of the success stories in the regulated North American casino market. The company has successfully built meaningful market share and a dedicated player following. Partnering with Strive marks the next phase in its growth strategy as it looks to expand further across North America. Fredrik Liljewall, CEO at PlayStar, added: “As we continue to scale our presence across North America, selecting a platform partner with a strong regional focus and the ability to support our long-term ambitions was crucial. “Strive’s technology, deep understanding of the North American market, and collaborative approach made them the clear partner for PlayStar. We look forward to working closely together as we migrate our New Jersey operations and expand into additional jurisdictions, including Canada.” This partnership marks another significant milestone for Strive Gaming, which now supports more B2B PAM customers in the U.S. than any other platform provider. The inclusion of PlayStar further strengthens Strive’s growing portfolio of operators and reinforces its position as a supplier of choice for ambitious brands seeking to launch and scale in the North American 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.
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Sri Lanka Showcases Expanding Domestic Gaming Industry at Global Game Connect ’26 iGame

Sri Lanka Showcases Expanding Domestic Gaming Industry at Global Game Connect ’26

(AsiaGameHub) - At Sri Lanka's 2026 Global Game Connect (GGC) conference, officials reaffirmed their dedication to a lawful, equitable, and sustainable gaming industry. The event was held earlier this month at City of Dreams Sri Lanka, South Asia's first integrated resort. The $1.2 billion IR, featuring a casino managed by Melco Resorts & Entertainment, launched in 2025 and stands as the largest private investment in Sri Lanka to date. Deputy Minister of Industries and Entrepreneurship Development Chathuranga Abeysinghe informed conference attendees, "Technology combined with creativity will propel this industry. … From a governmental standpoint, we will provide our complete backing to advance this industry both domestically and across the region". Sri Lanka leverages its strategic location—four hours by air from Southeast Asia and two hours from India. "We possess substantial potential for [gaming], especially regarding expanding neighboring markets such as India," stated Deputy Transport Minister Susil Ranasinghe at GGC. Stricter regulation a prerequisite for operators Stringent regulation is essential to attract operators like Melco, a global entity headquartered in Macau. The 2025 Sri Lanka Gambling Regulatory Act mandates "transparency and good governance" to build "public trust in the gambling industry’s integrity". It prohibits "irresponsible products and practices" and mandates programs "to reduce social harm linked to gambling". Additionally, it incorporates measures to combat financial crimes such as money laundering and to prevent individuals under 18 from gambling. City of Dreams Sri Lanka hosted the first Global Game Connect trade show, March 16-17. South Asia's first integrated resort may serve as a leading indicator for global operators exploring new markets. This legislation covers both land-based and online gaming. Officials note that 60% to 70% of gamblers currently use illegal offshore services. Penalties for unlicensed iGaming operators include fines of up to Rs. 10 million ($107,000) or imprisonment for up to two years. The independent Gambling Regulatory Authority, established in 2025, was created to enforce the act. It is scheduled to be fully operational by the end of June. Sri Lanka links gaming, tourism As Sri Lanka continues its recovery from the 2022 economic crisis, officials are establishing a direct connection between gaming and tourism. They aim for up to 3 million visitor arrivals this year, exceeding the 2025 record of 2.3 million. Their strategy involves branding the island as a destination for high-end tourists, including gamblers. The $4.5 billion tourism revenue target is based on an average daily per-person expenditure of $160, an increase from $140 in 2025. With a rise in the gaming levy from 15% to 18% and increased casino entry fees for locals, gaming revenue is projected to generate an extra $250 million annually. However, for physical casinos, most revenue is likely to come from foreign visitors. One estimate indicates that the local entry levy, which doubled last year from $50 to $100, equals 40%~60% of a Colombo office worker’s starting monthly salary. Thus, Sri Lanka is broadening its reach. According to Tourism Development Authority Chairman Buddhika Hewawasam, the country identifies Saudi Arabia, the broader Middle East, and the United States as potential source markets. On the sidelines of GGC, a representative from iGaming platform provider Diamante Tech noted that stricter gaming regulation in Sri Lanka has increased its attractiveness to global manufacturers and suppliers. "There’s a feeling that people are now taking notice of the Sri Lankan market. It’s a very positive step… and a good opportunity. It’s only going to expand." Marjorie PrestonMarjorie began her gaming career in 2007 and has focused on Asian gaming markets since 2020. Outside of work, she writes about travel and film and plays the drums. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Billion-Dollar Macau Money Laundering Case Leads to Charges iGame

Billion-Dollar Macau Money Laundering Case Leads to Charges

(AsiaGameHub) - On Monday, authorities in Taiwan indicted 20 individuals for their roles in a money laundering operation that allegedly utilized Macau-based casinos to clean over TWD33 billion ($1.03 billion) in illicit funds. Law enforcement described the case as the country's "first cross-border casino money laundering case." The scheme allegedly involved depositing illegal gambling profits into the credit accounts of specific card runners, who then traveled to Macau to use high-limit cards for purchasing casino chips. These runners reportedly did little to no gambling. Instead, they either cashed out the chips for Hong Kong dollars—the primary currency in Macau's casinos—or handed them off to accomplices within the gaming center. Suspects connected to Asian iGaming firm According to the Yunlin District Prosecutor’s Office, the probe was initiated last November following a tip to the Criminal Investigation Bureau (CIB) about a criminal organization recruiting money mules. Raids conducted in Taichung, Taipei, and New Taipei City resulted in the arrest of 20 suspects and 10 reported indictments. Charges have been filed under the Money Laundering Prevention Act. Local news reports have tied the syndicate to Jinzhou Entertainment City, an iGaming operator that targets players in Taiwan, Cambodia, and Vietnam. Online betting is prohibited in Taiwan and Cambodia and faces strict regulations in Vietnam. Alleged leaders, identified as Chen and Lin, are currently at large with 20-year arrest warrants issued. In 2024, International Community Radio Taipei reported that Jinzhou principals and associates were charged in a similar matter. The Taichung Prosecutor’s Office previously identified Lin as a "former high-ranking police officer" who allegedly used his role as a captain in the Taichung Criminal Investigation Corps to oversee a money laundering ring that netted approximately $1.4 million between 2021 and 2024. CIB: Police committed to ongoing money laundering fight In a statement regarding the case, the Taiwan Criminal Investigation Bureau said, “The police will continue to dismantle money laundering networks, enhance their technological investigative tools, and work with international judicial bodies to protect public assets and ensure a safe environment.” Marjorie PrestonMarjorie started her career in the gaming industry in 2007 and has concentrated on Asian markets since 2020. Outside of her professional life, she writes about travel and cinema and is a drummer. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Idaho among 39 states contesting CFTC’s sports betting authority expansion iGame

Idaho among 39 states contesting CFTC’s sports betting authority expansion

(AsiaGameHub) - Idaho has joined a 39-state coalition in a legal challenge against what the states claim is an effort by the Commodity Futures Trading Commission (CFTC) to expand its regulatory authority, Idaho Attorney General Raul Labrador announced Monday. The coalition is asking federal courts to reject the CFTC’s claim that it has exclusive jurisdiction over specific sports betting activities—a move the states say would strip them of their longstanding power to regulate or ban sports gambling within their borders. This legal action comes amid broader uncertainty about the agency’s evolving stance on prediction markets and event contracts, particularly following recent internal changes and policy debates at the regulator. ‘Idaho will continue defending our right to regulate gambling’ In a statement, Labrador said, “Under the CFTC’s reasoning, states like Idaho that opt to ban sports betting would be unable to enforce those bans.” “An unelected federal agency says it found hidden authority in 15-year-old financial reform laws to override state gambling laws across the country,” he added. “Congress never granted that power, and Idaho will keep fighting to protect our right to regulate gambling as we see fit.” The legal dispute escalated to the Ninth Circuit Court of Appeals after Nevada sued Kalshi and similar platforms to enforce its state gambling laws. The CFTC filed a brief supporting the platforms, arguing for federal preemption. In response, Idaho and 38 other states submitted an amicus curiae brief backing Nevada. The coalition stresses that if the CFTC’s position is upheld, states—including Idaho—would be barred from enforcing sports betting prohibitions or regulations. Dispute over regulatory authority The controversy centers on a new generation of online platforms—including Kalshi and Crypto.com—that have begun offering wagers on sports outcomes through federally regulated exchanges. These platforms have promoted their products as financial derivatives rather than conventional sports bets. Kalshi reported that customers traded more than $1 billion worth of contracts tied to the February 2026 Super Bowl. Historically, the CFTC had refrained from endorsing these contracts. In September 2025, the agency issued an advisory clarifying it had not approved such contracts and acknowledged state laws could block them. However, following a change in CFTC leadership, the commission reversed its stance and, in ongoing litigation, argued that these contracts qualify as “swaps”—a category of financial instruments subject to exclusive federal regulation. The four key arguments The coalition’s brief outlines four key arguments: limits on federal agency jurisdiction, the need for clear congressional authorization, preservation of state powers, and the CFTC’s lack of expertise. Federal agencies cannot unilaterally expand their jurisdiction—especially in domains like gambling that states have traditionally regulated. Supreme Court precedents require explicit congressional approval for agencies to impose broad rules affecting matters of substantial national importance. The coalition asserts Congress did not expressly empower the CFTC to regulate sports betting when it authorized oversight of derivatives markets after the financial crisis. Transfers of traditional state functions to federal control must be explicit. Gambling regulation has long been a core state responsibility. Unlike states—which have established licensing regimes, age-verification systems, responsible gaming policies, and integrity monitoring—the CFTC lacks both gambling-specific expertise and statutory mandates in this sphere. The Ninth Circuit is presently considering consolidated appeals concerning whether state gambling enforcement applies to platforms offering event contracts and prediction markets through federally regulated exchanges. The 39-state coalition urges the court to confirm that states retain the authority to regulate or prohibit betting activities regardless of how platforms characterize their products. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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1spin4win highlights key 2025 performance results, including a 56% surge in GGR iGame

1spin4win highlights key 2025 performance results, including a 56% surge in GGR

(AsiaGameHub) - The company looks back on a prosperous 2025, characterized by significant performance achievements, fresh partnerships, and ongoing market growth. A standout accomplishment for the year was boosting GGR by 56% over 2024. Enhanced client collaboration served as a key catalyst for this expansion. During the previous year, 1spin4win achieved a significant milestone by establishing 1,000 worldwide partnerships. The slot provider has earned the trust of major aggregators such as SOFTSWISS Game Aggregator, EveryMatrix, Alea, Digitain, and BetConstruct, among others. The studio maintained a month-over-month retention rate above 40% throughout 2025 and into 2026, demonstrating robust, enduring player engagement. This impressive metric was largely driven by 1spin4win's collection of more than 190 classic online slots, which receives regular updates through four to five monthly releases. In 2025 alone, the provider debuted 52 new titles, delivered 10 partner-branded games, and unveiled 12 innovative mechanics. Renowned for their balanced gameplay and transparent mathematical models, 1spin4win’s classic portfolio also fueled a substantial 64.24% increase in player numbers and a 52.06% growth in betting volume. Olga Hlukhovskaya, Business Development Director at 1spin4win, commented, "2025 proved to be an exceptional year for our company. In addition to the sustained success of our slot games, our strategic expansion across both emerging and established markets significantly contributed to this growth. While preserving our solid foothold in Europe, we considerably bolstered our market position in Latin America and Africa. We look forward to maintaining this momentum throughout 2026 and advancing our gaming portfolio and partnerships to new heights." About 1spin4win 1spin4win is a reputable game developer established in May 2021 by driven industry veterans with more than 15 years of gambling sector expertise. Since its launch, the company has grown its portfolio to encompass over 190 classic online slots, each distinguished by superior mathematics, transparent mechanics, and balanced gameplay—essential elements that foster strong player retention. The studio plans to launch approximately four new games monthly throughout 2026 and provides casino operators with powerful promotional tools designed to boost player loyalty. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Philippine authorities aim at Roblox in gaming cybercrime drive iGame

Philippine authorities aim at Roblox in gaming cybercrime drive

(AsiaGameHub) - The Philippine National Police (PNP) has intensified its crackdown on cybercrime activities occurring on online gaming platforms, including the popular children's video game Roblox. This action follows concerns raised by prosecutors regarding elements within Roblox that bear resemblance to gambling, potentially exposing children to exploitation. The directive specifically targets issues of child exploitation and illegal gambling. Cybercrime crack down In an official statement issued on Sunday, PNP Chief General Jose Melencio Nartatez Jr. instructed the Anti-Cybercrime Group (ACG) to bolster its efforts in combating illegal conduct facilitated through online gaming applications. The gaming platform Roblox was specifically named in connection with reports alleging its misuse for purposes such as "sexual predation, grooming and exploitation of minors." Chief General Nartatez stated: "Our mandate of serving and protecting the people now encompasses cyberspace to keep them safe, especially for children. This is what modern policing also means, and your PNP has been keeping up." The PNP has confirmed its ongoing collaboration with the Department of Information and Communications Technology (DICT) and the Cybercrime Investigation and Coordinating Center (CICC) to investigate these allegations. Officials have clarified that the enforcement efforts are not limited to Roblox, indicating that other online gaming and social media applications are also under close observation. ‘Child gambling’ Roblox boasts over 111 million daily users, with approximately 40% being under the age of 13. Its systems involving randomized rewards and purchasable virtual items have attracted scrutiny from both regulators and academics. Research conducted by the University of Sydney, along with interviews with children and parents, has revealed that young users often struggle to comprehend in-game currency and random-reward mechanics. Some parents have described these features as 'child gambling,' and have characterized transactions as 'scams' and 'cash grabs.' This intensified focus on enforcement also reflects a broader international trend in regulation. In Greece, authorities have recently taken steps to enhance protections for young people amidst growing concerns about harms associated with online betting, including measures to limit exposure to digital gambling content and strengthen oversight of online platforms. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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DOCV warns that the latest GGL black – market estimates are ‘too conservative’, and the channelisation is still closer to 50% iGame

DOCV warns that the latest GGL black – market estimates are ‘too conservative’, and the channelisation is still closer to 50%

(AsiaGameHub) - Simon Priglinger-Simader, vice president of Germany's Deutscher Online Casinoverband (DOCV) trade association, has rejected the GGL's new 2025 channelisation statistics, labelling them as 'conservative' and incorrect. The GGL released a report exceeding 120 pages last week, estimating Germany's channelisation rate reached 77% in 2025. While the regulator evaluated different methods in the report, it ultimately conducted a survey of 2,000 people who had participated in online gambling (lotteries excluded) in the past year. Survey participants were questioned on whether they had used illegal operators during that time. Following his review, Priglinger-Simader stated the report was clearly flawed by "non-representative sampling," indicating the sample did not properly reflect those gambling on the black market. "Furthermore, there's a degree of recall bias when you ask someone if they are engaging in illegal gambling. Most likely, they will say no," Priglinger-Simader told iGB. He added, "The figures are not in line with the tax revenue numbers we are aware of." DOCV-commissioned 2023 report still more accurate on black market size In November 2023, the trade association published its own black market analysis, which found that as many as half of all players in Germany were using illegal sites. Priglinger-Simader asserts this assessment is more precise than the GGL's most recent report. "We still believe that, considering all the work done, a result showing a black market size of around 50% is much nearer to the real scale of the black market," he continued. The study was written by economist Gunther Schnabl from the University of Leipzig and utilised Nielsen gambling activity data to evaluate Germany's channelisation rate. This was merged with data on stakes placed on illegal sites, which Priglinger-Simader believes is probably significantly higher than current estimates indicate. Although the GGL's report stated black market Gross Gaming Revenue (GGR) was €547 million in 2024, the trade body head calls this number "too conservative." "We believe the real turnover of illegal operators is far greater due to the abundance of bonuses, absence of player safeguards, no loss limits, no spin limits—essentially no regulations in the black market," he cautions. He also points out that licensed German operators have received feedback from customers stating they have switched to the black market to escape the strict controls and limitations imposed by the regulated market. "However, this information isn't robust enough for a case study to incorporate it [into the next analysis]," says Priglinger-Simader. Updated Schnable channelisation report expected soon A revised report from Schnabl is anticipated this summer, analysing 2025 data. "[They] are presently analysing 2025 figures using the Nielsen data panel from before and will produce an updated brief evaluation or perhaps a second edition of the study, possibly in June or July, around the summer," Priglinger-Simader added. Speaking on the report's methodology, he said, "They will use a refreshed list of illegal websites targeting Germany. Then it's essentially an update incorporating new illegal operators that have entered, along with the overall market evolution. For 2025, they have already compiled an updated list of illegal operators, as that landscape is very fluid and has changed over the past two or three years." Despite dismissing the GGL's latest figures, Priglinger-Simader concedes that the regulator's lowered channelisation estimate is a good indication it is beginning to comprehend the market better. Channelisation rate could be used to prevent Interstate Treaty review updates Back in June 2024, the regulator indicated the black market constituted only about 4% of the total sector. Priglinger-Simader is concerned, however, that this new data might be leveraged to the regulator's advantage during the current review of the German Interstate Treaty regulations. This review represents the licensed industry's sole opportunity for easing player restrictions such as compulsory deposit limits and slot stake limits. He cautions that the GGL could "use [the data] to claim everything is functioning perfectly, that no action is needed to bolster the legal [framework], and that licensed operators should simply carry on as before." The review is scheduled to finish next year. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Study: Australian women worried marketing and CSR campaigns have ‘normalised’ gambling iGame

Study: Australian women worried marketing and CSR campaigns have ‘normalised’ gambling

(AsiaGameHub) - A recent online study of 525 Victorian women aged 18 to 40 has uncovered worrying trends in how modern gambling marketing in Australia is altering female attitudes towards betting. The research underscored how current promotional and public relations efforts have increased women's involvement in gambling while minimising its associated dangers. This qualitative online survey took place in Victoria, Australia, from 14 June to 1 July 2024. The participants, mostly residents of metropolitan Melbourne (76%) with an average age of 31, reported high recent gambling engagement, with 79% having placed a bet in the previous year. ‘It makes an addictive activity appear harmless’ Answers to open-ended questions revealed three main themes: gambling had been normalised; participation was strongly promoted; and players perceived less risk. Many women stated that modern marketing tactics have helped make gambling seem "normal" and socially acceptable for females. This is especially the case for campaigns using female celebrities or influencers, new betting options linked to entertainment, and sponsorships in women's sports. The survey reported that "Social media influencers were described as ‘relatable’ and ‘desirable’, and their involvement in gambling promotions was seen to make gambling seem glamorous and aspirational". Participants worried that framing bets as "fun", low-stakes, or tied to charity often concealed potential harms. Portraying gambling as "harmless" risked encouraging progression towards riskier behaviours and eventual financial loss. "I think there is a lot of harm in promoting gambling in this way for anyone," said one respondent. "It makes an addictive activity appear harmless." "They make it seem harmless and can become a light joke," said another participant. A large number of respondents felt gambling promotions appeared crafted to draw in new customers. This targeting was seen as particularly effective for younger women, by connecting betting products to their social lives and interests. Words like "encourage", "attract", and "tempt" were commonly used to describe this impact. Furthermore, by linking products to their hobbies, some women said it caused gambling to "feel normal". Some even suggested this normalisation could generate a "fear of missing out". ‘Pink-washing’ has its impact The study, conducted by researchers from Deakin University and Curtin University, pointed to player scepticism about gambling firms' use of gender-focused corporate social responsibility (CSR) campaigns. For instance, promotional ties to International Women’s Day or breast cancer awareness month were frequently viewed as strategic image management rather than authentic social contribution. Even while recognising these tactics as reputation-building, some women admitted they could unintentionally build trust in gambling brands, potentially making them more susceptible to marketing. A present-day study When designing the survey, the academics concentrated on the growing influence of social media marketing on platforms favoured by younger women, such as Instagram and TikTok. Australian data cited in the study indicated that annual gambling participation rates for women in Victoria are similar to men's, with around 50% gambling yearly and about a third doing so monthly. The authors noted similarities with sectors like alcohol and tobacco, where CSR and sponsorship have historically been used to burnish brand image and stall regulatory action. These worries reflect wider international trends. In Greece, authorities have recently acted to bolster protections for younger people against growing online betting harms, with a specific emphasis on curbing exposure to digital ads and promotional material. Likewise, recent German research connected a rise in gambling advertising to heightened risks for vulnerable players. The findings indicated that extensive promotional content helped normalise betting behaviour and deepen the involvement of at-risk individuals. What comes next? The researchers called for stronger regulatory steps, suggesting that limits should go beyond obvious gambling ads to include more subtle marketing forms. These encompassed influencer collaborations, novelty markets connected to popular culture, and CSR activities that act as indirect advertising. They also urged targeted public awareness initiatives to help women assess gambling promotions more critically and gain a clearer understanding of the related risks. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Sportradar introduces Playradar, merging sports data with gaming for global operators. iGame

Sportradar introduces Playradar, merging sports data with gaming for global operators.

(AsiaGameHub) - Sportradar Group AG (NASDAQ: SRAD), a top global sports technology firm that crafts immersive experiences for sports enthusiasts and bettors, has today unveiled the launch of Playradar—a specialized brand offering a fully integrated cross-vertical gaming ecosystem to operators worldwide. This marks the next phase in the growth of Sportradar’s iGaming division. To spearhead this expansion, Sportradar has recently named Edo Haitin—ex-CEO of Playtech Live—to head its iGaming operations. Haitin brings over two decades of experience in iGaming management, live casino development, and executive leadership, bringing senior-level know-how to boost Sportradar’s iGaming growth trajectory. Playradar will draw on Sportradar’s live and historical sports data as well as AV streams, paired with casino games, to develop one-of-a-kind, proprietary hybrid offerings that include: 24/7 Live Experience Hub – Players will get access to a game and a live stream to view at the same time on a single screen, merging sports watching and gaming for either casual engagement or real-money betting. This fosters a community and allows players to interact in real time, exchanging tips, game preferences, and reactions. Live & Historical Streaming Sports-Casino Hybrid Content – Turning real sports moments into interactive, event-based gameplay by combining live and historical sports streams with casino mechanics to produce cutting-edge hybrid gaming experiences. A live prediction tool will also be fueled by Sportradar’s real-time data. Premium iGaming Content – Virtual sports and a complete range of casino games—from slots and table games to arcade and crash titles—built to the highest quality standards to ensure a satisfying player experience. Sportradar is uniquely placed to expand its iGaming business via its existing game studio, sports data proficiency, streaming capabilities, and global distribution network. The company’s marketing, customer acquisition, and retention technologies use deep insights into player behavior across both betting and iGaming sectors, strengthening Sportradar’s partnerships with sportsbook and casino operators around the globe. Since most of Sportradar’s clients already operate in both areas, iGaming is a logical channel to drive long-term revenue and player lifetime value alongside betting services. Playradar will operate solely in regulated markets, with responsible gaming practices and integrity woven into every product it offers. Game launches are planned throughout 2026, starting with a rollout in the UK, North America, and Latin America. The complete product lineup will cover classic table games, arcades, slots, and virtual sports. Carsten Koerl, Founder and CEO of Sportradar, said: “iGaming is a natural and scalable extension of our business, and a strategic boost to our long-term growth plan. Playradar’s content is designed to enable optimized cross-selling between sports and casino sectors, helping operators boost player value and session duration at a time when engagement and retention are critical for operational sustainability. With Edo, we have an experienced, proven industry leader to steer the business forward, backed by a passionate and committed team.” Edo Haitin, EVP of iGaming added: “By combining our unmatched expertise in sports data and live streaming with a proven history of product development, we aim to create hybrid content and gaming experiences that tap into the growing popularity of sports-casino consumption. We’re uniquely positioned to smoothly merge live and historical sports events, innovative gaming mechanics, and casino content—and we have the edge of being able to distribute games to an already licensed set of operators. I’m extremely excited to further strengthen our iGaming business through Playradar and grow it into a leader in iGaming content, using Sportradar’s existing resources and the highly experienced, skilled team already on board.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Cardoso named new permanent leader of Brazil’s SPA iGame

Cardoso named new permanent leader of Brazil’s SPA

(AsiaGameHub) - Daniele Cardoso has been named the new permanent head of Brazil's betting regulator, the Secretariat of Prizes and Bets (SPA), this week, following two months in an interim role. Cardoso's permanent appointment was revealed in a Monday post on X by Dario Durigan, who took over as Brazil's finance minister from Fernando Haddad last week. Cardoso joined the SPA in November 2024, initially serving as general coordinator for responsible gambling monitoring, before being appointed deputy secretary. Later, in late January, following Regis Dudena's departure, Cardoso was named interim head of the SPA. Dudena, who had led the SPA since February 2024, vacated the role to assume leadership of the Secretariat of Economic Reforms. Similar to Dudena, Cardoso has a legal background, holding a law degree from Feira de Santana University. Cardoso’s immediate priorities as SPA chief Following Dudena's departure, sources informed iGB that the permanent successor was anticipated to be either Cardoso or Fabio Macorin, the SPA's Undersecretary of Monitoring and Inspection. Nonetheless, Cardoso was the one who signed the SPA's 2026/27 regulatory agenda, which the agency unveiled in February. Executing the agenda's work is expected to be Cardoso's primary focus in her new permanent role, with the SPA aiming to enhance Brazil's licensing procedures and assist in combating the still-widespread black market. A new challenge to address is the recent entry of prediction market operator Kalshi into the Brazilian market, as the SPA has recently raised concerns about the presence of prediction markets. Following Kalshi's announcement of its launch in Brazil—its first market outside the US—the SPA stated that no Brazilian companies are authorized to provide prediction markets in the country. “The prediction market is included in the Secretariat's internal analysis agenda, with initial studies currently ongoing,” the SPA noted. It remains unclear whether prediction markets will fall under the SPA's jurisdiction or that of the Brazilian Securities and Exchange Commission. Another challenge comes in the form of increasing political pressure, with ongoing efforts to restrict the licensed fixed-odds betting sector. Earlier this month, Senator Eduardo Girão introduced a bill aiming to limit customer retention by prohibiting certain methods, including loyalty programs and cashback. Kyle GoldsmithKyle has been with Clarion since December 2023, joining from the world of sports journalism, subsequently becoming a LatAm-facing senior reporter with iGB. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Games Global and Just For The Win® carry on the ghostly adventure in Dark Waters III Power Combo: The Cursed Voyage™ iGame

Games Global and Just For The Win® carry on the ghostly adventure in Dark Waters III Power Combo: The Cursed Voyage™

(AsiaGameHub) - Games Global, in collaboration with its exclusive studio partner Just For The Win®, has revealed Dark Waters III Power Combo: The Cursed Voyage, the newest entry in the well-regarded Dark Waters series, delving further into a supernatural maritime adventure. Building on the success of its earlier installments, the sequel develops the existing Power Combo framework with a design rich in features and a gameplay experience that is layered in depth. Set within a mysterious pirate-themed world, the 6×4, 4,096 ways game introduces the Sail into Riches progression meter, where a six-stage journey unlocks feature upgrades and improved gameplay as players move forward. Central to the game is the Cash Collect feature, where Money Symbols ranging from 5x to 5,000x can land across the reels and are awarded when a Collect symbol appears. Free Spins are activated by landing Bonus Tokens, revealing the Power Combo mechanic where Giant Reels, Stack Collect, and Golden Reels can combine. Each feature upgrades across four levels, expanding the reels to a 6×8 grid that offers up to 262,144 ways to win, boosting Collect potential, and filling reels with Money Symbols to enhance winnings. Extra depth is provided through the Diamond Menu, which includes features such as Bonus Hunt, Coin Burst, Crew’s Choice, and Captain’s Choice, each offering unique ways to access or enhance bonus features. Dark Waters III Power Combo: The Cursed Voyage delivers a compelling continuation of the franchise, merging evolving mechanics with the series’ well-known strong thematic identity. Edward Eklund, Account Manager at Just For The Win® Studios, said: “With Dark Waters III Power Combo: The Cursed Voyage, we sought to create a sense of progression that players can truly feel, where every spin contributes to something more substantial. “Combining that journey with the adaptability of the Power Combo mechanic allowed us to craft a game that continuously evolves and keeps players engaged.” David Reynolds, Director of Games Strategy and Partner Management at Games Global, said: “This latest installment showcases how Just For The Win® continues to refine and elevate a proven concept, building on the strong success of the Dark Waters series to date. “Dark Waters III Power Combo: The Cursed Voyage stands out for its ability to keep gameplay fresh while remaining immediately accessible. It is a fantastic addition that strengthens what has already been a hugely popular trilogy.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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