Category Archives: Betting

Allwyn seals $2.5bn PrizePicks deal in landmark US move

Allwyn International continues its M&A run announcing that it has agreed terms to acquire PrizePicks, the largest daily fantasy sports (“DFS”) operator in North America. Deal terms see Allwyn front a $2.5bn to acquire a majority 62.3% stake in PrizePicks for an initial cash consideration of $1.6bn. Total rewards for PrizePicks are capped at $4.15bn …

Latvia redesigns gambling supervision ahead of 2026/2027 tax raid

Latvia will restructure its gambling oversight and introduce sharp tax increases across the sector as part of the 2026 state budget, in measures designed to boost revenues and streamline regulation. Finance Minister Arvils Ašeradens confirmed this afternoon that the Izložu un azartspēļu uzraudzības inspekcija (IAUI), the Lottery and Gambling Supervision Inspectorate, will be integrated into …

Irish banks unite on new commitment to tackle problem gambling

Ireland’s leading banks have pledged to take stronger action on gambling-related harm with the launch of a new framework designed to standardise support for vulnerable customers. The Irish Banking Culture Board (IBCB), in partnership with its member banks AIB, Bank of Ireland and PTSB, has unveiled the Common Commitment of Care for Problem Gambling. The …

Latvia changes gambling supervision ahead of 2026/2027 tax raid

CMA conclusively rules against SpreadEx-Sporting Index deal

The SpreadEx purchase of spread betting rival Sporting Index has been deemed a threat to the integrity of the free UK market. This was clearly outlined in the final report of the UK’s Competition and Market Authority (CMA), after almost a year of investigations by the watchdog into the case. SpreadEx first announced that it …

Lib Dems view 42% online gambling tax to fill NHS gaps

The Liberal Democrats have pledged to back tougher reforms on the UK gambling sector at the party’s annual conference in Bournemouth. Led by Sir Ed Davey, the conference sees the Lib Dems focus on its business policies to ‘“reawaken a stagnant UK economy”. On the media front, leadership wants to underline the party as the third-largest …

BetConstruct: harnessing the industry’s major breakthrough

A constant battle for supremacy encompasses the industry on a constant basis, centred around the necessity to cleverly and effectively utilise new technologies to remain an appealing prospect in the eyes of players. As preferences differ from country to country, and tastes and expectations continue to alter at speed, artificial intelligence represents that greatest prospect …

Lula orders Brazil Bets to follow civic duties of Child Protections Statute

Brazil is set to implement sweeping digital reforms to enforce new online protections and safeguard children’s rights in online environments. On Friday 19 September, President Luiz Inácio ‘Lula’ da Silva signed off on the federal approval of the “Estatuto da Criança e do Adolescente Digital” (ECA Digital) – the new Statute for Children and Adolescents …

SBC Awards 2025: winners revealed

EveryMatrix, Kaizen Gaming, Optimove, and Sportradar were among the standout winners at last night’s SBC Awards 2025 ceremony, which took place at the MEO Arena in Lisbon. Held on Thursday, 18 September, the final day of SBC Summit, the event marked the 12th edition of the awards, dedicated to celebrating the remarkable achievements of industry …

GRID acquires Bayes Esports assets to boost esports betting division

Berlin-based data and technology company GRID has taken over the intellectual property of Bayes Esports following the firm’s liquidation proceedings. The acquisition is set to strengthen GRID’s betting arm, GRID Bet, and deepen its role in the fast-growing esports sector. Bayes technology integrated into GRID platform The agreement transfers nearly a decade of Bayes’ work …