Reading Time: 2 minutes The Ministry of Electronics and IT (MeitY) in India has issued 1298 orders between 2022 and 2024 to block online betting, gambling, and gaming websites. But executives from real money gaming firms allege that non-compliant offshore platforms continued to thrive in India. Additionally, the Directorate General of Goods and Services […]
Reading Time: 3 minutes India’s lower house of parliament has passed a sweeping online gaming bill that, while promoting esports and casual gaming without monetary stakes, imposes a blanket ban on real-money games — threatening to disrupt billions of dollars in investment and significantly impact the real-money gaming industry, which could see widespread shutdowns. […]
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As a state lawmaker, Zohran Mamdani generally opposed plans to open full-scale casinos in New York City. In June, when he walked past a billboard showing betting markets for the city mayor’s race, he even quipped that “gambling is haram,” an Arabic word meaning forbidden. But on Wednesday, Mr. Mamdani said that he did […]
Brazil is considering changes to its gambling regulations. The proposed bill would raise the legal betting age to 21. It also aims to introduce a monthly wagering cap, limiting players to the equivalent of one minimum wage. On Aug. 20, Senator Humberto Costa introduced Projeto de Lei 3,754/2025, a bill that aims to impose […]
Michigan’s online gambling sector posted strong results in July, reporting $284.6 million in combined gross receipts from internet casino games and sports wagering. This total sits just 5.6% below the state’s all-time monthly record of $301.4 million, set in …
The post Michigan iGaming and Sports Betting Revenue Hits $284.6M in July first appeared on RealMoneyAction.com.
The Council on Compulsive Gambling of New Jersey (CCGNJ), which owns the 1-800-GAMBLER national helpline, has declined a request from the National Council on Problem Gambling (NCPG) to resolve their ongoing dispute through arbitration. This decision comes amid …
The post Dispute Over 1-800-GAMBLER Hotline Deepens as NJ Council Rejects Arbitration first appeared on RealMoneyAction.com.
FanDuel, the U.S.-based online gaming leader under Flutter Entertainment, and CME Group, the global derivatives marketplace, have unveiled a partnership that will see the two companies build a joint venture focused on offering event-based financial products to …
The post FanDuel and CME Group Team Up to Launch Event-Based Trading Platform first appeared on RealMoneyAction.com.
Robinhood Derivatives LLC has filed federal lawsuits against state regulators in both Nevada and New Jersey, accusing them of obstructing the company’s efforts to offer sports-related event contracts through its prediction markets platform. The legal challenges were submitted on …
The post Robinhood Takes Legal Action Against Nevada, New Jersey Over Sports Contracts first appeared on RealMoneyAction.com.