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This week, we are seeing a whirlwind of developments across the gambling industry. Legal showdowns, surging revenues, and cutting-edge tech made headlines.
As prediction market platform Kalshi goes head-to-head with U.S. state regulators, and Stake grapples with a high-stakes lawsuit in California, the boundaries of online gambling are being redefined in real time.
On the financial performance side, we are seeing the eye-popping growth forecasts from FanDuel and Europe’s buoyant market confirm that business is booming.
Responsible gambling initiatives are also gaining momentum, with expanded campaigns and the integration of AI-driven tools to promote safer gaming environments.😨 If you missed recent developments, feel free to catch up on last week’s coverage.
😄If you missed recent developments, feel free to catch up on last week’s coverage.
😎 Stay tuned with Opinion Corner, where we share our expert opinions on the trending stories from social media platforms shaping the iGaming conversation.
Here’s a recap of the most significant developments in the global gambling world:
Regulatory & Legal Updates
Kalshi Challenges State Regulators Over Cease-and-Desist Orders, Esports Insider
Prediction market platform Kalshi has filed federal lawsuits against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement. The company alleges that these regulators are overstepping their authority by issuing cease-and-desist orders to halt Kalshi’s trading of sports event contracts.
Kalshi asserts that its operations are federally regulated by the Commodity Futures Trading Commission (CFTC) and that state-level interventions undermine federal authority. This legal confrontation could set a precedent for the regulation of prediction markets and delineate the boundaries between state and federal oversight in the gambling industry.
Stake Faces Lawsuit in California Over Sweepstakes Model, SBC Americas
In California, Dennis Doyle, a self-identified gambling addict, has filed a federal lawsuit against Stake.us, operated by Sweepsteaks Limited. The lawsuit alleges that the platform’s use of virtual currencies, namely “Stake Cash” and “Gold Coins,” constitutes illegal online gambling under California law.
Doyle claims that Stake.us targets vulnerable individuals and operates without proper licensing, seeking $75,000 in damages and the cessation of the platform’s operations in the state. This case could have significant implications for the legality of sweepstakes-based gaming models in jurisdictions with stringent gambling regulations.
Brazil Moves Toward Establishing a National Betting System, iGB
Brazil’s Secretariat of Prizes and Bets (SPA) has convened a meeting with state officials in Brasília to discuss the creation of a national betting system. This initiative aims to harmonize state and federal gambling regulations, enhance cooperation, and implement standardized responsible gambling practices across the country.
The meeting is part of SPA’s broader 2025–2026 regulatory agenda, reflecting Brazil’s efforts to streamline its rapidly growing gambling market.
Financial Performance & Business Moves
FanDuel Projects Significant Growth for 2025, Reuters
FanDuel anticipates a substantial increase in revenue and adjusted EBITDA for 2025. The company forecasts full-year revenue between $7.47 billion and $7.97 billion, representing a 33% year-over-year growth. Adjusted EBITDA is expected to range from $1.28 billion to $1.52 billion, marking a 176% increase from the previous year.
This optimistic outlook reflects FanDuel’s expanding footprint in the U.S. gambling market and its strategic initiatives to capture a larger market share.
European Gambling Market Sees 15% Growth in Online GGR, YOGONET
The European Gaming and Betting Association (EGBA) reported that Europe’s gambling market reached €123.4 billion in gross gaming revenue (GGR) in 2024, a 5% increase from 2023. Online gambling accounted for €47.9 billion, representing 39% of the total GGR. Casino games were particularly popular, contributing significantly to this growth.
Looking forward, Europe’s gambling market is expected to reach €127.7 billion in 2025, representing a 3.5% growth compared to 2024. Online gambling is anticipated to surpass a notable milestone this year, accounting for 40% of the total market with revenues forecasted at €51.1 billion.
Gaming Realms Reports Strong Financial Results for FY24, Yahoo Finance
Gaming Realms PLC announced a 22% rise in revenue, totaling £28.5 million for the fiscal year 2024. The company’s adjusted EBITDA also saw a 30% increase, reaching £13.1 million. This growth is primarily attributed to a 23% surge in licensing revenue and a 14% uptick in social publishing revenue.
Technology & Innovation in Gambling
Reevo Partners with Playnetic to Enhance Game Aggregation, Gambling Insider
Reevo has entered into a strategic partnership with Playnetic, integrating Playnetic’s diverse game portfolio into its aggregation platform. This collaboration aims to offer operators a wider selection of immersive gaming experiences, including popular titles like “Sweets & Hits,” “Osiris Fortune,” and “Thor’s Wild Power.”
The partnership is expected to enrich Reevo’s content library and provide players with innovative gaming options.
Metric Gaming Launches Racing-Focused Sportsbook with BetZone, Gambling Insider
Metric Gaming has partnered with BetZone to launch a new sportsbook in the UK, emphasizing horse racing. The platform leverages real-time technology to provide personalized content and pricing, catering to the growing demand for tailored betting experiences.
Adam Joseph, BetZone COO, commented on the partnership: “In a particularly crowded market such as the UK, working with Metric has enabled us to build a unique proposition that we’re confident will resonate with our target market, and existing customers.”.
Responsible Gambling & Player Protection
European Safer Gambling Week Expands Reach, NEXT.io
The European Safer Gambling Week initiative expanded to 26 countries, engaging 195 partners and reaching approximately 3 million individuals. This record participation reflects the industry’s commitment to promoting safer gambling practices and raising awareness about responsible gaming tools.
New Jersey Implements AI-Driven Responsible Gambling Measures, SNJ Today
In New Jersey, online casinos are adopting AI-driven tools to monitor player behavior and enforce responsible gambling practices. These measures include real-time affordability checks and time-tracking notifications to prevent excessive gambling and ensure that betting patterns align with players’ financial means.
- It’s not all black and white in the world of online gambling, Michael Schmitt on LinkedIn
- India households lose an estimated ₹1.5 lakh crore annually to government-backed GST online gambling apps, Digital Addiction Awareness on X
- Thailand is fast-tracking online gambling legalization, Roman K. on LinkedIn
- Why is Online Sports Betting legal in most states, while Online Poker is not? Norman Chad on X
Stories from iGaming Forums
- How do you handle near misses in gambling? Bitcoin Forum
- How I stopped donating to online pokies and improved my gambling approach, Reddit
- How to play without taking too much risk? Bitcoin Forum
Keep up with news and trends in the iGaming industry. Gambling ‘N Go provides a recap each week. Join our spam-free newsletter to stay ahead. We are a GPWA-approved portal that supports responsible gambling. Check out our guides for beginners and experts to find trusted and reliable games, avoid scams, and responsible gambling practices.
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