Wagering on US Thoroughbred racing declined again in July, even as purses available to horse owners increased from the same month a year earlier. Data released by Equibase showed $908.83 million was wagered during the month, a 4.48% decrease …
The post US Racing Wagering Falls as July Purses Rise first appeared on RealMoneyAction.com.
Prime Minister Anthony Albanese is preparing changes to gambling inducements as the federal government seeks Coalition support for its long-delayed gambling advertising reforms.
With Parliament returning after its five-week winter recess, Albanese has been negotiatingwith Opposition Leader Angus Taylor. …
The post Albanese Moves to Secure Coalition Backing for Gambling Bill first appeared on RealMoneyAction.com.
Peter & Sons has entered the Philippine market after receiving approval from the Philippine Amusement and Gaming Corporation (PAGCOR), giving the Barcelona-based iGaming studio access to licensed operators in the country.
The approval, dated 6 August 2026, marks another stage …
The post Peter & Sons Enters Philippine Market After PAGCOR Approval first appeared on RealMoneyAction.com.
Wisconsin’s new online sports betting framework faces a lawsuit from conservative groups that argue lawmakers lacked constitutional authority to expand gambling. The case targets a law allowing federally recognized tribal nations to offer mobile sports wagering to people physically in …
The post Wisconsin Sports Betting Law Faces Constitutional Challenge first appeared on RealMoneyAction.com.
Polymarket is reportedly seeking about $1 billion in funding at a valuation above $20 billion, according to Bloomberg, as prediction markets grow in the United States while facing regulatory restrictions across Europe.
Bloomberg reported on August 4, 2026, that …
The post Polymarket Eyes $20 Billion Valuation Amid Europe Curbs first appeared on RealMoneyAction.com.
PENN Entertainment reported record second-quarter retail results as revenue reached $1.5 billion, an increase of about 4% year over year. Adjusted EBITDAR rose approximately 6% to $517.2 million, producing a 34.4% margin. Nine properties recorded their strongest second-quarter revenue …
The post PENN Entertainment Raises 2026 Retail Outlook After Strong Q2 first appeared on RealMoneyAction.com.
Tribal gaming representatives urged Congress to intervene in sports prediction markets, arguing that event contracts can function like sports wagers while avoiding requirements applied to tribal and state-regulated gaming.
The concerns emerged during an August 4 Senate Indian Affairs Committee …
The post Tribal Leaders Challenge Prediction Market Sports Contracts first appeared on RealMoneyAction.com.
Horse racing’s Triple Crown faces a major challenge after Churchill Downs Inc. and the New York Racing Association announced a six-race series for three-year-olds beginning in 2027. The $5 million bonus series excludes the Preakness Stakes.
The series includes the …
The post New Horse Racing Series Challenges Triple Crown first appeared on RealMoneyAction.com.
South Africa’s efforts to strengthen enforcement against illegal offshore gambling remain in the advocacy and stakeholder engagement phase, according to Sean Coleman, CEO of the South African Bookmakers’ Association (SABA).
“At this stage, it remains largely within the advocacy …
The post SABA Says Illegal Gambling Reform Remains at Advocacy Stage first appeared on RealMoneyAction.com.
The UK gambling industry has an opportunity to present evidence on regulatory burdens as the Gambling Commission seeks proposals on requirements that may have become disproportionate or outdated. The exercise gives operators a chance to identify where regulation could work …
The post UK Gambling Sector Urged to Prove Regulatory Case first appeared on RealMoneyAction.com.