🚨JUST IN: CHINA CAPTURES ASSOCIATE TIED TO $24B CRYPTO FRAUD NETWORKChinese authorities have captured a senior associate of alleged crime boss Chen Xhi from Cambodia.Li Xiong's capture follows Beijing's crackdown on the network accused of online gambling, fraud, and money laundering across Southeast Asia. ...

A Times of Israel reporter says online gamblers pushed him to alter his story about an Iranian missile strike so they could collect a payout. Chris Hayes and Sen. Chris Murphy discuss MS NOW: My Source for News, Opinion, and the World. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now ...

Argentina has ordered a nationwide block of crypto-based prediction market platform Polymarket. A Buenos Aires court directed telecom regulator ENACOM to restrict access through internet providers and instructed Google and Apple to remove the app from stores for Argentine users after authorities concluded the platform operates as an unlicensed online gambling service. The case was initiated following a complaint from the Buenos Aires City Lottery (LOTBA). Argentina becomes the second country in Latin Americ ...

Africa is growing into a sports betting powerhouse with South Africa, Nigeria and Kenya leading the charge. Legal gambling revenues across the continent is on the rise, reaching an estimated $9 billion. A young and growing population, rapid mobile technology adoption and a shift in consumer habits have all helped fueled the boom.While some researchers even argue that Africa's shared passion for football has opened the door for the betting industry. If you go into gambling shops, for instance, you'll find ou ...

Core Viewpoint - The sports betting industry, particularly companies like Codere Online Luxembourg, is facing challenges but also has potential for growth, especially with upcoming events like the World Cup driving increased betting activity. Group 1: Company Overview - Codere Online Luxembourg is the online sports betting and casino arm of Spanish gambling conglomerate Grupo Codere, publicly listed since 2021 through a SPAC merger [5]. - The company has a market capitalization of $364 million and its stock price has fluctuated between $5.18 and $8.75 over the past year [4][5]. Group 2: Financial Performance - Codere's shares fell significantly in 2022 due to concerns about profitability, but rebounded to $8 per share in 2024, driven by improved fiscal results [6][7]. - The company has experienced a revenue increase and a move towards consistently positive adjusted EBITDA by focusing on its home market of Spain and expanding into Latin America [7]. Group 3: Stock Performance and Market Sentiment - Codere's stock has shown mixed performance, with a notable drop earlier this year due to a Nasdaq compliance issue and the exit of its CFO [8]. - Since hitting a 52-week low in mid-November, the stock has rebounded by approximately 45%, attributed to the latest earnings release [9]. Group 4: Future Outlook - Analysts estimate Codere to earn $0.43 per share in 2026 and $0.68 per share in 2027, with the stock currently trading at around 17.5 times forward earnings [10]. - The upcoming World Cup is expected to boost betting activity, potentially increasing site traffic and user retention [11]. - The company has high fixed compliance and technological costs, but decreasing customer acquisition costs may lead to significant earnings growth with moderate revenue increases [12].

Connecticut’s Department of Consumer Protection issued cease-and-desist orders to Kalshi, Robinhood and https://t.co/1aQemhmjuy, alleging that the platforms are conducting unlicensed online gambling there. https://t.co/T2XnceVrFl ...

Connecticut Orders Kalshi, Robinhood, and https://t.co/hglQp7AMzv to Halt 'Unlicensed' Online Gambling► https://t.co/Y6npqEitew https://t.co/Y6npqEitew ...

Core Insights - Rivalry Corp. has achieved its third consecutive quarter of revenue growth, with a significant reduction in operating expenses and an improvement in net loss, indicating a strengthened financial position as it approaches 2026 [1][3][6] Financial Performance - Net revenue for Q3 2025 increased by 19% sequentially to CAD 1.93 million, up from CAD 1.6 million in Q2 2025 and CAD 1.3 million in Q1 2025, representing a 47% growth since the beginning of the year [6] - Operating expenses decreased by 58% year-over-year to CAD 3.52 million, down from CAD 8.47 million in Q3 2024, reflecting a disciplined cost structure [6] - Net loss improved by 67% year-over-year to CAD 1.96 million, compared to CAD 5.89 million in Q3 2024 [6] Operational Improvements - The company has focused on high-value users, efficient acquisition, deeper lifecycle retention, and improved product performance as part of its rebuilt operating model [4][9] - Key performance indicators (KPIs) showed record player economics, with net revenue per player increasing approximately 36% from the previous all-time high set in Q2 2025 [8] - Wagers per player rose by 7% quarter-over-quarter, and average monthly deposits per player increased by 24% quarter-over-quarter [8] Strategic Developments - Rivalry completed a non-brokered private placement raising gross proceeds of CAD 4.26 million and a debt settlement to eliminate a significant portion of historical liabilities [11] - The company has outlined priorities for Q4 2025, including major site-performance upgrades, enhancements to the casino experience, and the rollout of new promotional types [10] Market Position - Rivalry's regulated market in Ontario has shown significant growth, increasing from under 20% of company net revenue to nearly 40% in Q3 2025, supporting long-term market durability [6] - The company is positioned as a leading sports betting and media entity, operating in over 20 countries and focusing on digital-first users [12]

South Africa is considering imposing a 20% tax on online gambling to curb its rapid growth and address related social harms https://t.co/dr1gYOolMi ...

The Thai government will set up a special team to track suspicious fund movements linked to online gambling, scam accounts, and other “gray money” transactions https://t.co/OTU20uS7Ng ...