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India Blocks Another 300 Illegal Betting Sites

(AsiaGameHub) -   India has blocked around 300 additional illegal betting and gambling websites and apps as officials continue to tighten enforcement of online gaming regulations. Good to Know Authorities stated that the total number of blocked sites and apps has now reached approximately 8,400. Targeted platforms included sports betting sites, offshore casinos, betting exchanges, satta, matka, and real-money gaming apps. Current legislation prohibits online money games while still making room for esports and online social gaming. A new round of enforcement in India has taken down roughly 300 illegal betting and gambling platforms, expanding on a far larger national blocking campaign already in operation. Officials noted that many operators were reaching users through mobile apps and mirror sites while operating without authorization. Rather than focusing on a single market segment, authorities adopted a broad approach. The latest crackdown covered offshore casino sites offering games like slots and roulette, online sports betting platforms, peer-to-peer betting exchanges, and satta and matka networks. Real-money card and casino gaming apps were also part of the sweep. Authorities report that around 8,400 illegal gambling and betting sites and applications have been blocked so far. The latest action aligns with a broader enforcement push that accelerated after the Online Gaming Act was passed last year.Under this law, India imposed a sweeping ban on online money games. Games of chance are restricted, but so are games of skill and hybrid formats when money is involved. In practice, regulators are not distinguishing significantly between different formats if cash wagering is part of the activity. The regulations extend beyond the games themselves. Advertising, promotion, and facilitation are prohibited, and financial channels linked to the platforms face restrictions as well. Banks and payment systems are barred from processing related payments, giving regulators another avenue to pressure illegal operators out of the market. Meanwhile, the policy framework retains space for sectors the government aims to support. Esports and online social gaming remain part of this focus, with officials emphasizing innovation and growth in these categories over money-based gambling 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.

The NBA Commences the Formal Bidding Stage for Las Vegas and Seattle

(AsiaGameHub) -   The NBA has initiated the official process for potential teams in Las Vegas and Seattle, following owners' approval of a market review on Wednesday. Key Details All 30 owners cast affirmative votes, despite only 23 being required. Individual franchises are estimated to fetch between $7 billion and $10 billion. This vote marks the commencement of the process; however, no team has been granted at this stage. NBA Starts Formal Expansion Review Discussions spanning several years have now transitioned into an official procedure. The league announced that PJT Partners will provide counsel on market viability, potential ownership consortia, proposed arena facilities, and the broader economic impact of expansion. “Today’s vote reflects our Board’s interest in exploring potential expansion to Las Vegas and Seattle – two markets with a long history of support for NBA basketball,” stated NBA Commissioner Adam Silver. “We look forward to taking this next step and engaging with interested parties.” Financial considerations are central to this initiative. Initial projections estimate each new franchise's value at $7 billion to $10 billion, with both cities anticipated to be among the league's highest-revenue markets. This prospect seems to have alleviated worries regarding the distribution of shared revenue among 32 teams rather than 30.Las Vegas previously encountered opposition due to Nevada being the sole state permitting legal sports betting. This situation evolved following the repeal of PASPA in 2018, with legal wagering now permissible in over three dozen states. Significant interest is anticipated for Las Vegas. Nevada Governor Joe Lombardo has reportedly engaged in discussions with Silver and also conferred with Magic Johnson regarding potential ownership, as per the Las Vegas Review-Journal. “I’m very excited to see the NBA advance this process toward a Las Vegas expansion team,” Lombardo remarked in a statement. “Today’s vote by the NBA Board of Governors is a testament to the incredible growth we’re seeing in Southern Nevada and our state’s business-friendly environment.” Additional potential bidders encompass Bill Foley and prominent ownership entities like Fenway Sports Group, Kroenke Sports & Entertainment, and Harris Blitzer Sports & Entertainment. Recent franchise transactions further elucidate the valuation prospects, with the Los Angeles Lakers achieving a $10 billion valuation and the Boston Celtics selling for $6.1 billion in 2025. 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.

Isle of Man Considers Fines for Gambling Executives in AML Cases

(AsiaGameHub) -   The Isle of Man Gambling Supervision Commission has launched a consultation on proposed legislation that would enable regulators to impose fines on senior gambling industry personnel for anti-money laundering shortcomings. The measure increases scrutiny on individuals rather than solely on licensed operators. Good to Know The consultation period ends on May 25. Potential sanctions may apply to directors, compliance officers, and other senior staff members. A recent enforcement action against Shelgeyr Limited has brought compliance deficiencies back into the spotlight. Isle of Man Considers Individual AML Penalties Proposed legislation in the Isle of Man would significantly expand gambling enforcement reach. Rather than restricting penalties to operators, regulators are seeking authority to levy civil penalties on individuals who contribute to compliance failures through "consent, connivance, or negligence." The draft Gambling Legislation (Amendment) Bill 2025 would expose directors, compliance officers, and other senior employees to potential financial sanctions. Essentially, the Gambling Supervision Commission aims to establish dual accountability—one layer for the corporate entity and another for individuals overseeing compliance frameworks. This move coincides with the jurisdiction's ongoing assessment of its financial crime risk exposure as "medium high," a classification maintained since 2020. Officials have also identified gambling as among the sectors most vulnerable to money laundering and terrorist financing threats.The timing reflects recent regulatory action. In the previous month, the Commission imposed a £200,000 penalty on Shelgeyr Limited following an examination that revealed deficiencies in customer due diligence, enhanced due diligence, and continuous monitoring. Regulators noted that certain accounts remained active or were reopened without adequate documentation. The examination also uncovered inadequate verification of fund sources, shortcomings in screening for politically exposed individuals, and documentation issues that compromised audit trails. Additionally, regulators highlighted substandard risk evaluations related to geographic risk and virtual currency exposure. Governance deficiencies also featured in the case. The Money Laundering Reporting Officer and Compliance Officer were deemed to possess insufficient expertise and authority, while training materials had not been refreshed for over a 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.

Wealthsimple Targets Prediction Markets in Canada

(AsiaGameHub) -   Wealthsimple is poised to enter Canada's prediction market sector, having secured regulatory clearance to provide specific event-based contracts. While the proposed platform will enable users to trade on real-world results, significant restrictions remain in place. Good to Know Wealthsimple obtained CIRO approval for contracts linked to economic indicators, financial markets, and climate patterns. Under the terms of the approval, contracts related to sports and elections are excluded. The company must still secure authorization from every province and territory prior to any localized launch. Wealthsimple Secures Entry into Canadian Prediction Markets Sports and elections will not be included. Nevertheless, Wealthsimple has advanced significantly towards introducing a prediction market trading platform in Canada, having already obtained regulatory approval for a more restricted range of event contracts. Rather than venturing into the most popular categories, the Ontario-based investment firm gained authorization from the Canadian Investment Regulatory Organization to offer contracts linked to economic factors, financial markets, and climate developments. This approval provides Wealthsimple access to a segment of the Canadian market that is still rigorously regulated.The timing is notable given that Canada has not historically been receptive to short-term event contracts. A 2017 ruling largely deemed short-term binary contracts unlawful within the nation. Despite this context, an exemption applies to firms regulated by CIRO, a category Wealthsimple now falls into. Matthew Burgoyne, a partner and chair of the digital assets and blockchain practice at Osler, Hoskin & Harcourt LLP in Calgary, commented: “(The limitations establish) a secure environment for Canadian residents to engage in trading these kinds of contracts,” Consequently, while numerous firms are still excluded, CIRO-regulated entities can still participate due to exceptions acknowledged by the Canadian Securities Administrators. Wealthsimple is now the second company to achieve this, after Interactive Brokers Canada, which secured CIRO approval last April. However, national industry-level approval does not imply immediate trading access for Canadians. Wealthsimple must still obtain distinct approval in every province and territory before local consumers can engage with these markets. The Ontario Securities Commission informed The Globe and Mail that it would not disclose specifics on individual situations.An additional perspective is also relevant. Interactive Brokers Canada primarily caters to seasoned traders and institutional clients. Wealthsimple, conversely, is anticipated to target a wider retail demographic, potentially expanding the consumer base for prediction markets in Canada should provincial approvals materialize. Currently, no live Wealthsimple prediction markets are available for Canadian users. Nevertheless, the approval provides the sector with an additional entry point and contributes to the momentum of a market framework that remains restricted, regulated, and confined to particular contract categories. 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.

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.

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.

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.

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.