Luana Lopes Lara, co-founder of prediction markets platform Kalshi, has committed to keeping the business in Brazil despite a ban imposed by the country's National Monetary Council (CMN). Lara, a native of Belo Horizonte, stated her intention to…
The Commodity Futures Trading Commission (CFTC) has released its first proposed rulemaking specifically targeting prediction markets, with the proposal primarily addressing contract review procedures. This regulatory step comes amid ongoing legal disputes surrounding the agency's oversight of such…
Anjouan Gaming, the gambling regulator for the Indian Ocean island of Anjouan in the Union of the Comoros, has issued a statement responding to global criticism of its licensing regime. The regulator rejected claims that its licences are…
The Portuguese government has announced plans to introduce legislation this summer aimed at combating unlicensed online gambling. Minister of Economy Manuel Castro Almeida made the statement during the launch of an awareness campaign, inviting stakeholders to submit proposals…
Gibraltar has granted an approval in principle to Wire Industries, the parent company of prediction market platform WagerWire. This marks the second such approval in the territory, following a similar licence granted to another prediction market operator two…
Focus Gaming News published a special report detailing the timeline of Brazil's development of its igaming regulatory framework. The report covers the key milestones and decisions that shaped the country's approach to regulating online gambling. Brazil has been…
The CFTC has proposed new rules aimed at clarifying which types of prediction market contracts exchanges may offer. The rules would cover contracts on sports, politics, and other real-world events while imposing limits on markets deemed potentially harmful…
Russian law enforcement, including the Federal Security Service (FSB) and the Investigative Committee, conducted a raid on a payment platform that allegedly processed payments for over a dozen online casinos. During the operation, authorities confiscated cash and arrested…
A Chinese court has issued a public warning following the sentencing of operators involved in a gambling ring centered on the board game Go, known locally as wei qi. The court cautioned citizens that they could face lengthy…
Prediction market operator Kalshi has introduced new job detail disclosure requirements for certain users, aiming to prevent insider trading and restrict sensitive trades. The screening will apply to markets deemed at higher risk of insider manipulation. The move…