By The Weekly Edge desk ·
A study estimates that illegal betting generates approximately US$50bn globally, iGaming Brazil reported. The report also says international illegal gambling networks exploit vulnerable consumers in the UK.
Regulators face a study estimating US$50bn in global illegal betting and reporting international networks exploiting vulnerable UK consumers.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
Any change to machine gaming duty could affect Category B machine operators and the high streets where their venues operate.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.