Sports Betting and Prediction Markets Impact Mental Health iGame

Sports Betting and Prediction Markets Impact Mental Health

(AsiaGameHub) - A new study by Baptist Health South Florida has examined the impact of sports betting and prediction markets on mental health. The organization has also investigated how the availability of such products and services has led people to increasingly engage in riskier behaviors, which may result in serious health consequences. Study Investigates the Mental Effects of Betting and Prediction Markets on Individuals According to Rachel Rohaidy, MD, a psychiatrist at Baptist Health Miami Neuroscience Institute, the main concern is the widespread presence of prediction markets and sports betting. Previously, these activities required individuals to visit physical locations, but today they are nearly universally available across most of the country, accessible through handheld devices—significantly increasing ease of access. “When gambling shifts from a destination activity to something in your pocket, the barrier to entry disappears, along with the natural limit on participation,” Rohaidy stated. In addition to potential mental health impacts, some critics have raised serious concerns about the fairness of prediction market platforms overall. Hersh Shefrin of Santa Clara University’s Markkula Center for Applied Ethics recently analyzed how platforms like Polymarket and Kalshi are not necessarily fair. Shefrin noted that a small number of account holders consistently gain disproportionate profits, prompting ethical questions about why these users outperform others despite statistical expectations suggesting otherwise. Prediction markets are also facing criticism, according to Raphael Wald, Psy.D., a neurophysiologist at Marcus Neuroscience Institute. He highlighted how event contracts may create the illusion that participants have control and agency over outcomes. Criticism of Prediction Markets Is Widespread, Yet the Sector Continues to Expand However, Wald observed that similar behavioral patterns seen in traditional gambling users have emerged among those engaging with prediction markets. Criticism is growing at both state and federal levels, with lawmakers in Congress—including Senator Adam Schiff—arguing that the rise of sports event contracts has altered the fundamental purpose of prediction markets. Schiff contended that current regulatory frameworks were not designed to handle the increasing use of these products for trading on sports outcomes, even though the Commodity Futures Trading Commission (CFTC), which oversees the sector, is collaborating with major sports organizations to enhance protections against insider trading. The Associated Press recently interviewed gambling addicts about their perspectives on prediction markets, with several users describing them as “the same” as conventional forms of gambling. Despite this opposition, companies like Polymarket continue to expand in the U.S., having recently launched its iOS app domestically. Meanwhile, Minnesota is set to become the first U.S. state to ban prediction markets after awaiting the governor’s signature. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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A Man Who Returned a $500 Lottery Ticket Is Rewarded with a $586,000 Win iGame

A Man Who Returned a $500 Lottery Ticket Is Rewarded with a $586,000 Win

(AsiaGameHub) - Call it instant karma, because the story of a man who returned a $500 lottery ticket definitely feels like a good deed rewarded by fate. This is precisely what happened in the case of a South Carolina man who saw himself win $586,000 from the lottery weeks after he had returned the ticket to its owner. South Carolina Chooses to Do the Decent Thing – He Is “Rewarded” with Six-Figure Win The winner, who was not named, told the South Carolina Education Lottery that several weeks before he ended up winning the six-figure payout, he had found a $500 winning ticket for the Pick 3 game at a Murphy gas station. The man left his information in case the person who had lost the ticket returned, and surely, the owner did come back looking for the ticket and contacted the would-be winner himself. It was this act of good deed that emboldened the lottery winner to then try his luck at the lottery himself, sharing with the South Carolina Education Lottery that he “just knew” he would end up winning. “The owner was so grateful to get the ticket back that I knew I was going to hit the lottery after that,” he recounted. Lotteries Are Stupid, Says US Treasury Secretary, But It Doesn’t Matter However, the anonymous winner didn’t play the Pick 5 game and tried his hand at the Palmetto Cash 5, which was actually what happened. “I’ve been lucky in life and can use this prize to help some people. And maybe my story will encourage others to do the right thing,” he added. Even though the US Treasury Secretary Scott Bessent recently shared his views on the lottery, calling it a waste, and advising personal budget practicality, playing lottery games is a popular pastime. Another recent story had a South Dakota lottery fund pick a $78 million ticket that was set to expire just six days before the deadline. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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1X2 Network Partners with Stake.dk in Denmark to Support Casino Content iGame

1X2 Network Partners with Stake.dk in Denmark to Support Casino Content

(AsiaGameHub) - 1X2 Network has broadened its iGaming content distribution with a new partnership with Stake.dk, a global operator that recently entered the regulated online casino sector in Denmark. The collaboration will see 1X2 Network support Stake.dk as the latter aims to stand out quickly in one of the world’s most tightly regulated gambling markets. Stake.dk Expands Content Footprint with 1X2 Network Stake.dk has already secured a strong position in the market and intends to grow its presence by enhancing its library with player-centric and innovative games. Registered players at Stake.dk will gain access to a curated selection from 1X2 Network’s game catalog, including titles such as 3 Hot Chilli Peppers, 4 Dragon Pots, Piñata Go Go, and more games set to be added soon. The supplier offers a portfolio exceeding 750 titles across major gaming categories, including slots, table games, arcade experiences, virtual sports, and others. On expanding its content reach in Denmark, 1X2 Network’s Chief Product Officer Alex Ratcliffe remarked: “As a provider licensed under the DGA, 1X2 Network is already recognized as a trusted partner in the regulated Danish market. With this high-profile agreement, we can reinforce our reputation and introduce our content to an even larger audience.” Stake Committed to Regional and Country-Specific Growth Stake was equally enthusiastic about adding premium titles to its platform. Peter Eugen Claussen, Managing Director for Stake Denmark, emphasized that the company plans rapid growth locally and views high-quality content as essential to that strategy. “Stake continues to redefine entertainment at scale – and we’re delighted to bring 1X2 Network’s games to our platform,” Clausen stated. Globally active, 1X2 Network previously partnered with Light & Wonder several years ago to leverage the latter’s aggregation infrastructure and extend its reach to more operators and players. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Instagram Launches Instant Sharing for Temporary Private Photos iGame

Instagram Launches Instant Sharing for Temporary Private Photos

(AsiaGameHub) - Instagram has introduced Instants globally, offering users a fresh way to share brief, private photos with close friends or mutual followers. Good to Know Instants can be viewed once and remain accessible for 24 hours. Users must capture photos using the Instagram camera and cannot upload images from their camera roll. Recipients are unable to take screenshots or record shared Instants, as confirmed by Meta. Instagram Develops a More Private Photo Sharing Tool Instagram aims to bring back more casual photo sharing within its platform. Instants emphasizes fast, unedited pictures rather than curated posts, influencer content, or advertisements. The feature activates through the Instagram inbox. Users tap the small stack of photos in the bottom right corner, take a photo using the in-app camera, add text if desired, and send it. There are no filters, edits, or options to upload from the phone’s gallery. Meta stated that this format allows people to share moments as they occur. Once an Instant is sent to friends, they can respond with emojis, reply, or send an Instant back. Control options are also integrated into the feature. Users can use "undo" after sending, and deleting an Instant from the private archive will unsend it before recipients open it. Instagram retains shared Instants in that archive for up to one year, and users can convert saved Instants into a Stories recap. Those who do not wish to receive Instants can press and hold the pile in the inbox and swipe right to pause them. They can also mute or block specific users. Say hi to Instants A new way to share in-the-moment pics with friends. Tap the mini pile of photos at the bottom right corner of your DMs to try it yourself Rolling out today. pic.twitter.com/zbhsOA9O9m — Instagram (@instagram) May 13, 2026 As evident, Instants draws inspiration from Snapchat, Locket, and BeReal, featuring one-time viewing, 24-hour availability, and a focus on real-life updates. Meta is also testing Instants as a standalone app in Spain and Italy. However, timing may present challenges. BeReal has seen declining interest since its peak, and Instagram Stories already provides a quick method for informal updates. Still, Instagram Instants offers another private photo-sharing option for close friends, mutual followers, disappearing photos, authentic moments, inbox sharing, and social media updates. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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X Introduces History Tab to Organize Bookmarks, Likes, Videos, and Articles iGame

X Introduces History Tab to Organize Bookmarks, Likes, Videos, and Articles

(AsiaGameHub) - X has updated its iOS app to help users easily locate content they want to revisit, introducing a private History section that collects videos watched, articles read, posts liked, and items saved in one centralized location. Good to Know The Bookmarks menu button has been renamed to History. The new page now includes tabs for Bookmarks, Likes, Videos, and Articles. Videos and Articles are automatically added based on user activity, not just manual saves. X Transforms Saved Content Into a More Comprehensive Discovery Tool The new History tab offers X users a browser-like browsing trail. Instead of only bookmarking posts by hand, users can now access videos and articles they’ve already viewed or read while scrolling through their feed. Nikita Bier, head of product at X, described the iOS update as a more effective way for users to keep track of favorite content and return to unfinished posts, videos, or articles later. X emphasizes that this feature remains private and is only visible to the user. The redesign also reduces friction by consolidating previously separated features. Previously, Likes were tucked inside the user profile, while Bookmarks were located in the main mobile menu. Now, both Likes and Bookmarks appear alongside automatically tracked Videos and Articles in the History tab. For X, the Articles section may hold greater significance. The platform has promoted longer-form content as a valuable tool for businesses, creators, and publishers who need more space than the standard 280-character post allows. This development comes amid declining referral traffic from major platforms like Facebook and Google, where algorithm updates and AI-driven answers have reduced external website clicks. By integrating reading, video viewing, content discovery, creator posts, social media bookmarks, and X Articles into a single interface, X aims to keep users engaged within its ecosystem. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Polymarket Launches US iOS App After Prolonged Delay iGame

Polymarket Launches US iOS App After Prolonged Delay

(AsiaGameHub) - Prediction market platform Polymarket has officially opened its U.S. exchange to iOS users without requiring invitation codes after an extended rollout period. This marks a major milestone in the company’s return to the American market following regulatory challenges and operational delays. Polymarket Expands U.S. Access Following Regulatory Comeback Apple users who download the app are now directed straight to a live trading interface with active markets, particularly for sporting events. Previously, gaining access required an invitation code and a waitlist spanning over six months. The updated onboarding process eliminates these obstacles, making it simpler for new users to join, according to Covers. Polymarket’s return to the U.S. follows its acquisition of QCEX, a platform licensed by the Commodity Futures Trading Commission (CFTC), which provided it with the necessary regulatory foundation. This development enabled Polymarket to reenter the domestic market after facing penalties in 2022 for offering contracts that did not meet regulatory requirements. At the time, the company agreed to pay a fine and temporarily restricted access within the United States. Although the relaunch had been anticipated earlier, progress lagged behind expectations. Reports indicated internal difficulties, including questions about leadership stability and complications with integrating the QCEX platform. Despite these setbacks, the company gradually expanded access, beginning with limited trading activity toward the end of last year. Polymarket Gains Ground but Still Trails Market Leader Kalshi The phased rollout has driven significant growth in trading volumes. Activity started modestly but surged notably during major sports events. During the NCAA basketball tournament and the Masters golf championship, trading volumes reached tens of millions of dollars, reflecting strong user engagement ahead of full access. Since then, Polymarket has become one of the largest regulated prediction platforms in the U.S., surpassing competitors like Crypto.com. However, it continues to lag behind market leader Kalshi, which holds a dominant share of domestic trading volume. The broader prediction market segment is gaining momentum in the U.S. Surveys indicate that an increasing number of Americans are placing bets on event-based contracts, especially in sports, bringing the industry closer to mainstream betting. Currently, Polymarket is available only on iOS, with no announced timeline for an Android version or web-based access. Nevertheless, removing the waitlist is expected to accelerate growth as the platform opens to a wider audience. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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UFC CEO Dana White Urges Trump to Reverse Sports Betting Tax Deduction Rule iGame

UFC CEO Dana White Urges Trump to Reverse Sports Betting Tax Deduction Rule

(AsiaGameHub) - UFC president and CEO Dana White has weighed in on the ongoing debate over US gambling taxation, urging Donald Trump to support changes to a contentious provision enacted last year. White contacted the White House on May 11, formally requesting assistance to repeal a rule limiting the amount of betting losses that can be deducted from taxable income. UFC Chief Highlights Unintended Consequences of Gambling Tax Rule The policy, included in the comprehensive One Big Beautiful Bill Act, reduced the deductible allowance from 100% of losses to 90%. Industry leaders noted that this change had unintended effects on both casual bettors and professionals. Under current rules, individuals who break even or incur overall losses may still face tax obligations on certain activities. White stated in his message that while he recognized the economic goals behind the legislation, this specific provision was causing harm. He explained that the policy distorts gambling decisions and reduces the appeal of participating in regulated markets. The concern is that the rule could deter legal betting altogether, driving some bettors toward unregulated alternatives. The UFC executive also emphasized broader business implications. He stressed the importance of maintaining a stable and transparent betting environment to support audience engagement and commercial partnerships. Reduced activity in licensed markets, he warned, could damage long-standing relationships with regulators and operators, as well as diminish sponsorship and broadcast value. Betting Rule Raises Economic Worries Beyond the Gaming Sector Another issue is the ripple effect on related industries. Lower gambling participation could lead to reduced discretionary spending, including tips—a matter that intersects with other policy issues affecting service industry workers, according to White. However, he framed the situation as one where a minor tax adjustment could jeopardize larger economic objectives. The deduction cap has been a subject of controversy since the law passed in 2025. Bipartisan efforts have been made to restore the original 100% deduction, but no bill has reached a full congressional vote. Advocacy groups, including those representing the gaming sector, continue to lobby for reform, arguing the current system generates what they describe as artificial taxable income. White’s intervention stands out as one of the most high-profile appeals from the sports world on this issue. His close alignment with Trump adds a political dimension to the push for reform, as supporters believe presidential backing could accelerate legislative progress. To date, however, the administration has not issued an official response, and the future of the provision remains unclear. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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U.S. Regulator Engages in Expanded Discussions With Sports Leagues About Prediction Markets iGame

U.S. Regulator Engages in Expanded Discussions With Sports Leagues About Prediction Markets

(AsiaGameHub) - The ongoing debate over sports prediction markets in the United States has taken a new turn after Commodity Futures Trading Commission (CFTC) Chairman Michael Selig announced that the regulator is now collaborating directly with major professional sports leagues to enhance oversight of the rapidly growing sector. CFTC and MLB Reach Agreement During a conference hosted by the Financial Industry Regulatory Authority (FINRA) in Washington this week, Selig disclosed that the CFTC has already entered into a memorandum of understanding with Major League Baseball and is currently engaged in discussions with other prominent leagues across the country. The initiative seeks to assist regulators in identifying suspicious trading activity and potential insider trading linked to sports-related event contracts traded on platforms such as Kalshi and Polymarket. Prediction markets enable participants to trade contracts based on the outcomes of real-world events, including elections, economic data, and increasingly, sports games. “Distinct Products, Separate Regulatory Frameworks” Advocates describe these products as financial instruments regulated under federal commodities law, whereas critics contend they closely resemble sports betting and should instead be subject to the regulations of state gaming authorities. Selig reaffirmed the regulatory distinction this week, stating that prediction markets and traditional sportsbooks are “different products, parallel regimes.” This stance has intensified an ongoing legal and political conflict between federal regulators and several states that have sought to restrict or regulate the industry. The CFTC recently supported Kalshi in its legal challenge against the state of Ohio after Ohio regulators attempted to classify sports event contracts as unlicensed gambling offerings. Federal regulators maintained that the state had overstepped its authority. Meanwhile, lawmakers in several states have introduced measures to impose stricter rules on the industry. In Pennsylvania, legislators proposed a series of bills to tax and regulate prediction market operators. Similarly, lawmakers in Minnesota moved forward with legislation earlier this year designed to limit certain types of event contracts. The discussion has intensified as prediction market platforms continue to attract users interested in sports, politics, and financial events, while regulators strive to determine where the boundary between investing and gambling should be drawn. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Allegiant Emphasizes Discipline Following Sun Country Acquisition iGame

Allegiant Emphasizes Discipline Following Sun Country Acquisition

(AsiaGameHub) - As the airline industry continues to grapple with rising costs and ongoing uncertainty, Allegiant Travel Company has moved forward with a major expansion strategy following the completion of its acquisition of Sun Country Airlines. Not Chasing Growth The $1.5 billion cash and stock deal officially closed on Wednesday, creating a larger leisure-focused airline group that will serve approximately 175 cities across more than 650 routes in the United States and select international destinations. Despite recent turbulence in the airline sector—including soaring jet fuel prices and the collapse of Spirit Airlines earlier this year—Allegiant chief executive officer Greg Anderson said the combined company plans to remain focused on profitability rather than pursuing aggressive expansion. “Our model was built to protect margins and not chase growth,” Anderson stated during an interview with CNBC. The Las Vegas-based carrier believes its strategy of carefully managing flight schedules has helped it avoid some of the challenges faced by other low-cost airlines. Instead of operating full schedules throughout the entire year, Allegiant adjusts capacity based on travel demand—increasing flights during particularly busy vacation periods and reducing operations during slower travel days. “For example, we’ll reduce capacity and essentially park a significant portion of our fleet on a Tuesday in September,” Anderson explained. Travel Demand, Going Strong Both Allegiant and Sun Country have traditionally targeted price-conscious leisure travelers by connecting smaller cities with popular vacation destinations. Sun Country also adds an additional revenue stream through its cargo partnership with Amazon. The merger comes at a challenging time for the airline industry, as fuel prices continue to climb sharply amid geopolitical tensions in the Middle East. Jet fuel costs have become one of the largest financial pressures facing airlines, prompting many carriers to increase ticket prices. Nevertheless, Anderson noted that travel demand remains strong, including among budget-conscious travelers. Allegiant recently reported a first-quarter profit of $42.5 million, representing a 32% increase compared to the same period last year. Despite robust travel demand, a recent JP Morgan analysis suggests that regional casino operators across the country are entering a tougher spring season, according to data indicating declining customer traffic in April. Proving “How Low-Cost Models Work” Industry analysts say the new merger demonstrates how certain low-cost airline models can still succeed in a difficult market environment. “It shows that some low-cost models can indeed work,” said Raymond James airline analyst Savanthi Syth. For now, Allegiant and Sun Country will continue operating under separate brands and booking systems. The company has also indicated it will maintain a cautious approach to growth, expecting capacity to remain flat or slightly decrease later this year. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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PhilWeb Launches Okada Play Alongside Okada Manila iGame

PhilWeb Launches Okada Play Alongside Okada Manila

(AsiaGameHub) - Okada Manila has expanded into the digital gaming sector with the launch of Okada Play, a new online platform developed in collaboration with PhilWeb Corp., a publicly traded gaming technology company based in the Philippines. Key Facts Okada Play operates on PhilWeb's dedicated online gaming platform. Tiger Resort, Leisure and Entertainment Inc. manages operations at Okada Manila. The launch follows an earlier partnership announcement made in March. Okada Play offers casino-style games, advanced platform technology, and reliable customer support within the regulated online gaming market in the Philippines. According to PhilWeb, this system empowers Tiger Resort, Leisure and Entertainment Inc. to engage digital players nationwide. Okada Manila Expands Its Online Presence This launch supports Okada Manila’s strategy to integrate its land-based casino services with online gaming. The resort aims to strengthen its omnichannel approach by allowing customers to interact with the brand through both physical venues and digital platforms. Brian Ng, President of PhilWeb, stated: “We are pleased to offer a robust and scalable platform that enables Tiger Resort to extend the premium experience of Okada Manila to a broader audience of digital players across the country.” Ng added that the launch demonstrates PhilWeb’s capability to deliver comprehensive digital infrastructure tailored for established gaming brands. Nobuki Sato, President and Chief Operating Officer of Okada Manila, commented: “This launch represents a significant milestone in Okada Manila’s digital transformation as we broaden access to our gaming experience throughout the Philippines via Okada Play. PhilWeb’s technological expertise and operational excellence allow us to provide a trusted online gaming environment that upholds the reputation of the Okada Manila brand.” The online platform debut occurs during a pivotal period for Okada Manila, which also recently unveiled Ariake—an exclusive gaming club designed specifically for Japanese VIP guests. The resort emphasized that Ariake is part of its initiative to attract more international high-roller clients. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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ANJ’s tool identifies 600,000 high‑risk online gamblers in France iGame

ANJ’s tool identifies 600,000 high‑risk online gamblers in France

(AsiaGameHub) - France has introduced a new tool for detecting problem gambling, and initial results indicate a much broader group at risk than what operators currently report. Key Points The ANJ identified approximately 600,000 players with a high likelihood of excessive gambling. About 300,000 were classified as manifestly excessive gamblers. These flagged players generated around €1.2 billion in online gambling GGR. The French National Gaming Authority (ANJ) has developed an algorithm designed to detect risky online and in-play betting behavior at the account level. The model was built using real-time data from operators and incorporates 23 indicators derived from gambling harm research, such as payment patterns, gambling intensity, player history, and the use of self-exclusion tools. France Regulator Sets A Higher Bar For Player Risk Detection ANJ categorizes players into four groups: recreational, moderate risk, excessive, and manifestly excessive. The tool’s performance was evaluated against the Canadian Problem Gambling Index, and its methodology was reviewed by an independent scientific committee. Early findings are based on data from the second half of 2025. The algorithm identified roughly 600,000 high-probability excessive gamblers—equivalent to 8.7% of the total population engaged in regulated online and in-play wagering under ANJ oversight. This includes all licensed online operators, as well as the two major account-based operators: La Française des Jeux (FDJ) and Pari Mutuel Urbain (PMU). Half of this flagged group—about 300,000 individuals—were placed in the manifestly excessive category. ANJ expects operators to prioritize intervention for these accounts. The financial impact is significant: players identified by the algorithm are estimated to have generated €1.2 billion in gross gaming revenue (GGR), accounting for roughly 60% of total online gambling GGR. ANJ notes that this share has increased since 2023. In contrast, operator reporting remains far below these figures. Licensed companies reported identifying only 31,000 excessive gamblers in 2024 and 89,000 in 2025. While ANJ acknowledges progress, it emphasizes that the gap between algorithmic estimates and both operator reports and population surveys remains substantial. According to the French Monitoring Centre for Drugs and Drug Addiction, about 1.17 million people exhibited problematic gambling behaviors in 2024, of whom around 360,000 were classified as excessive players. ANJ will make the algorithm available to operators on an optional basis. The regulator intends it to serve as a compliance benchmark, allowing companies to compare their internal detection systems against an independent standard. ANJ also plans to continue cross-checking operator reports with its own data. Isabelle Falque-Pierrotin, president of ANJ, described the tool as “a decisive step for the regulator.” She stated that ANJ expects operators to begin targeting the 300,000 manifestly excessive players first, followed by expanded efforts across the broader at-risk group. The initiative forms part of ANJ’s strategy from 2024 to 2026, which aims to reduce excessive gambling by 2027. ANJ also seeks to strengthen detection capabilities in retail gambling, particularly within FDJ and PMU operations. ANJ clarified that the algorithm does not replace epidemiological studies or provide an exact national prevalence rate. Instead, it offers a practical benchmark for regulatory oversight, trend monitoring, and accountability in improving player protection measures. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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TIME Launches Prediction Market-Style Game for Daily Readers iGame

TIME Launches Prediction Market-Style Game for Daily Readers

(AsiaGameHub) - TIME has introduced a prediction-style game to its digital gaming section, integrating data from Polymarket and Kalshi alongside traditional offerings like jigsaws and word puzzles. Good to Know Market Movers utilizes live data feeds from Polymarket and Kalshi. The gameplay centers on casual subjects like consumer trends, entertainment, and sports. A real-money prediction platform is slated for a early 2026 launch via a partnership with Galactic. The newly debuted games hub features standard favorites such as Sudoku, history quizzes, and cover-themed jigsaws. However, Market Movers stands out for its potential impact on the industry. Defined as a “first-of-its-kind fantasy prediction market game,” the product uses live data to let players test their awareness of markets and current events. While it doesn't involve purchasing contracts, it introduces the concept in a risk-free environment. Prediction Markets Become a Daily Media RoutineTIME COO Mark Howard emphasized that Market Movers steers clear of serious categories, focusing instead on sports and lifestyle topics to avoid sensitive or tragic subject matter. Howard noted: “You don’t want to get too heavy with a game.” This approach highlights the product's strategy. Because prediction markets can face scrutiny when linked to conflict or disasters, TIME is positioning the format as a daily engagement tool rather than a gambling product. This framing provides a gateway for the general public. Players can observe how news influences outcomes and how markets forecast events without financial risk, establishing a familiar routine.This mirrors the strategy used by sports betting firms prior to the 2018 repeal of PASPA, where free games served as educational tools for odds and interfaces before real-money betting became legal. TIME has broader ambitions in this space. In November 2025, the publisher revealed a collaboration with Galactic for a real-money prediction platform set for early 2026. Market Movers serves as a precursor to help familiarize the audience with the mechanics. The broader media landscape is also embracing this data, with organizations like CNBC, The Associated Press, and The New York Times increasingly referencing Kalshi and Polymarket figures in their economic and political reporting. Howard noted that the primary goal of the hub is boosting reader engagement: “Time spent is the greatest indicator that what we built is successful. “Hopefully this becomes much more of that daily behavior that every media company so covets.”While this aligns with typical gaming goals, Market Movers also provides a bridge for prediction platforms to reach a wider audience through a casual, repeatable interface. For the publication, it drives daily traffic; for the prediction market sector, it helps transition a specialized trading style into a mainstream pastime. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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20-Cent Jackpot Add-On Leads to $1.94M Hard Rock Bet Win iGame

20-Cent Jackpot Add-On Leads to $1.94M Hard Rock Bet Win

(AsiaGameHub) - A player from South Plainfield transformed a minor jackpot add-on into a seven-figure online casino win at Hard Rock Bet Casino in New Jersey. Good to Know Deborah S. won $1,942,272.47 on Bag the Swag Hold & Win. She played $1 spins with 20 cents going toward the jackpot pool. The payout became the first seven-figure online casino jackpot for Hard Rock Bet in New Jersey. The Hard Rock Bet Mega Jackpot has issued its first major payout in New Jersey, with Deborah S. receiving $1,942,272.47 on Monday. Hard Rock Bet only identified the winner by first name and last initial. Small Jackpot Add-On Generates Major Hard Rock Bet Win The win occurred on Bag the Swag Hold & Win, where Deborah placed $1 bets and allocated $0.20 per spin to the jackpot pool. Hard Rock Bet Casino stated that the payout came through its highest-tier Mega Jackpot. Rich Criado, VP of casino at Hard Rock Digital, commented:“Witnessing Deborah become our inaugural Mega Jackpot winner in New Jersey is incredibly exciting for everyone at Hard Rock Bet. Wins like this demonstrate that every spin can genuinely transform a player’s day—or even their life. This is precisely the kind of moment our jackpot system was designed to create.” Hard Rock Bet explained that its jackpot mechanism operates across thousands of online slot games. New Jersey players can contribute $0.10 per spin to the shared progressive pool, which offers four jackpot tiers throughout the casino network. For Hard Rock Bet, the New Jersey victory adds another significant payout to a recent streak of large wins. In late April, a Florida customer turned a $30 six-leg MLB parlay into nearly $2 million after several home runs were hit. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Brazil Weighs Tighter Betting Rules as Household Debt Increases iGame

Brazil Weighs Tighter Betting Rules as Household Debt Increases

(AsiaGameHub) - Brazil is considering adopting a stricter stance on online betting, with officials connecting the market’s rapid expansion to household debt and concerns about problem gambling. Good to Know Participants in Desenrola Brasil 2.0 will be restricted from betting platforms for one year. José Guimarães stated that Brazil has not yet finalized its policy approach. Lula has linked betting losses to family debt and broader campaign priorities. Brazil has already included a betting restriction in its debt relief policy. Individuals who join Desenrola Brasil 2.0— the Ministry of Finance’s debt renegotiation program— will be prohibited from accessing betting platforms nationwide for one year. The aim is clear: prevent borrowers from renegotiating their debts only to lose income through gambling. The first Desenrola program launched in 2023, and the updated version adds betting controls as worries over household finances grow. Lula said during a Labor Day radio and TV address:“It’s not fair that women have to work even harder to pay off their husbands’ gambling debts.” Government Considers Ban or Stricter Betting Regulations According to CNN Brazil, Minister of Institutional Relations José Guimarães told CNN 360 that the federal government has started discussions but has not settled on a plan for the online betting sector. Guimarães said: “The government has started discussing it; we don’t yet have a defined position on what to do. “Either it ends, or we implement radical regulations.”These comments place online betting within a wider political battle ahead of President Luiz Inácio Lula da Silva’s re-election campaign. Workers’ Party members have grouped gambling with other voter-focused issues, including ending the 6×1 work schedule and taxing the super-rich. Finance officials view betting as one driver of debt among Brazilian families. Their concern is that some users spend part of their income on gambling, while more serious cases may involve taking out loans to continue betting. Executive Secretary of the Treasury Rogério Ceron also linked gambling to a recent rise in indebtedness. He noted that the Desenrola Brasil 2.0 betting block aims to stop borrowers from slipping back into financial trouble after renegotiating their obligations. Brazil now faces a policy choice that could reshape its legal online betting market shortly after regulations began to take firmer shape. More limits, stricter controls, or even a suspension of activity remain part of the ongoing debate. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Dana White Urges Trump To Help Reverse The 90% Gambling Loss Rule iGame

Dana White Urges Trump To Help Reverse The 90% Gambling Loss Rule

(AsiaGameHub) - Dana White has requested President Donald Trump's support for revising the newly enacted gambling tax deduction rule, claiming it negatively impacts bettors, Nevada employees, and the legal sports betting industry. Key Facts Bettors may now only deduct 90% of their gambling losses against winnings. The change became effective on Jan. 1 following its inclusion in the One Big Beautiful Bill in July 2025. White contends this regulation is driving some bettors toward unregulated online platforms. White submitted a letter dated May 11 to Trump, which was shared by gambling industry insider Dustin Gouker, after months of concern over the new tax law affecting gambling deductions. The UFC president and CEO argued that Congress should rescind the provision because it could result in taxpayers owing money even when their wins and losses balance out. Previously, gamblers were permitted to deduct up to 100% of their losses against winnings. Any remaining losses beyond winnings could not be used to reduce other taxable income. With the new 90% limit, a bettor can break even yet still face taxation on a portion of their winnings. White Warns Legal Betting Could Lose Customers New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year.The issue has been a concern for both bettors and the gambling industry itself. pic.twitter.com/WH9ukZi3mH — Dustin Gouker (@DustinGouker) May 13, 2026 While praising Trump for passing the One Big Beautiful Bill, White urged him to advocate for a correction. He stated that "addressing this deduction issue would send a strong signal that the United States supports sensible regulation."White wrote: "I believe Congress should address this issue as the policy is already causing problems. The current law makes it illogical to gamble in the United States because you might end up paying taxes even when you lose or incur a tax liability greater than your winnings." White also connected the issue to Nevada, where casinos, sportsbooks, hospitality workers, and tipped staff rely heavily on gambling activity. According to him, the rule reduces winning bettors' willingness to spend, tip generously, or continue playing within the regulated market. White wrote that "winning gamblers tend to tip more." He added that bettors are becoming less generous when they do win "if they choose to gamble at all." The UFC has embraced legal sports betting since the repeal of PASPA in 2018. The company has established sportsbook sponsorships, collaborated with licensed operators, and supported state-level regulation of betting markets. White informed Trump that the revised tax rule jeopardizes this system by steering some players toward offshore casinos, where tax treatment and regulatory oversight differ significantly. As outlined in his letter:"The UFC supports a thriving, legal sports betting sector to boost fan engagement, broadcast value, and sponsorship opportunities. Discouraging legal betting undermines the ecosystem we've worked years to build in partnership with state regulators and licensed operators. It also weakens the transparency and integrity safeguards provided by legitimate betting platforms for professional sports." Lawmakers have previously attempted to overturn the 90% cap on gambling loss deductions amid opposition from both bettors and gaming industry representatives. White now brings a prominent voice to this effort, directly appealing to Trump for intervention. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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OSC Halts NorthStar Gaming Shares Due to Missing 2025 Financial Submissions iGame

OSC Halts NorthStar Gaming Shares Due to Missing 2025 Financial Submissions

(AsiaGameHub) - NorthStar Gaming is currently facing two distinct situations. Its Ontario betting brand remains fully operational, while trading of the parent company’s securities has been halted across Canada. Good to Know NorthStar Bets still accepts sports betting and online casino wagers in Ontario. The OSC order targets NorthStar Gaming securities, not the company's betting platform. The filing delay comes from a dispute between the company and its auditor over vendor software controls. The Ontario Securities Commission has issued a failure-to-file cease trade order against NorthStar Gaming Holdings Inc. after the company missed the deadline for its 2025 audited annual financial statements, MD&A, and executive certifications. NorthStar securities can no longer be traded across any Canadian jurisdiction, including the TSX Venture Exchange where the company has been listed since 2023. Limited exceptions apply for certain non-insiders and non-control persons selling through regulated foreign markets. Auditor Withdrawal Creates Filing Block The trading halt was issued after NorthStar failed to resolve an audit issue tied to player account management software from a key vendor. On May 6, 2026, the independent auditor withdrew its May 14, 2025 report for the 2024 fiscal period, stating it could no longer rely on the related internal controls. This move also weakened confidence in the company's 2025 financial figures.NorthStar disagrees with the auditor's position. The company says its earlier vendor systems report was reliable and proved proper controls for data integrity were in place. The auditor has requested a new systems report, and no allegation of improper conduct has been made. Before the full trading freeze was implemented, NorthStar requested a management cease trade order, a narrower restriction that would only have limited trading by company executives. The OSC rejected the request because it was not convinced NorthStar could complete the required filings within two months. The FFCTO will remain in effect until the missing filings are submitted and the OSC revokes the order. If NorthStar submits the filings within 90 days, those documents will count as an application to lift the order. The company has not announced a firm timeline for when filings will be completed. NorthStar has also postponed its annual meeting, which was originally scheduled for May 25, 2026.The filing issue comes as the company undergoes a leadership and strategic reset. Michael Moskowitz resigned as CEO in December after four years in the role, and Corey Goodman stepped in as Interim CEO. Barry Shafran, former chair of the audit committee, also resigned from his position. In March, NorthStar outlined a new plan focused on disciplined execution, improved capital allocation, greater advertising efficiency, stronger customer retention, and better profitability. Goodman said: “We are focused on taking deliberate, measured steps to position the company for profitability. The expected annualized G&A savings reflect measures that have largely been implemented. “Building on these cost reductions, management is actively rolling out additional efficiency and operating leverage initiatives across services, marketing spend, and cost of goods sold that are expected to materially strengthen the Company’s EBITDA profile.” NorthStar Bets launched in May 2022, one month after the company received its Ontario iGaming license. For the time being, customers can still access the sportsbook and online casino, even as investors wait for the financial filings and a final decision from the OSC.The filing delay has also brought earlier concerns around cash flow and liquidity back into focus, including questions over whether NorthStar has enough resources to cover its ongoing operating expenses. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Malta’s MGA Launches Consultation on AI Gaming Charter for Gambling Operators iGame

Malta’s MGA Launches Consultation on AI Gaming Charter for Gambling Operators

(AsiaGameHub) - Artificial intelligence tools currently assist gambling firms with fraud detection, customer interactions, promotional activities, responsible gaming notifications, and regulatory compliance. Malta is now seeking to establish more defined boundaries for this technology. Key Highlights The MGA's draft charter emphasizes the ethical application of AI within the gambling sector. This framework is optional and serves as a complement to current legislation. Feedback is invited from operators, vendors, and compliance officers during the consultation period. The Malta Gaming Authority has launched a public consultation regarding a proposed AI Gaming Charter, developed in collaboration with the Malta Digital Innovation Authority. This document provides industry-specific advice on artificial intelligence for gambling operators without creating new statutory laws. MGA Seeks Defined Guidelines for Automated Decision-Making Accountability is a central theme of the charter. While AI can assist operators in analyzing data and informing decisions, the MGA insists on human oversight in critical sectors. This encompasses decisions related to client accounts, regulatory adherence, and responsible gambling. The draft also emphasizes transparency. Operators are expected to clarify how AI systems influence significant results. This requirement is increasingly important as gambling businesses deploy automated solutions for player risk assessments, fraud prevention, customer support chats, advertising, and data analytics.The MGA also highlights the importance of personal data protection. Since AI systems frequently require extensive customer databases, operators are required to maintain privacy safeguards and adhere to current data regulations. External suppliers are another critical aspect. As many operators depend on third-party software, the proposed charter mandates that companies verify their vendors' AI systems comply with appropriate technical, ethical, and regulatory criteria. Furthermore, the draft mandates ongoing testing. Operators should continuously check algorithms for mistakes, biases, inefficiencies, unexpected outcomes, or discriminatory tendencies, and address any issues promptly. MGA Chief Executive Officer Charles Mizzi noted that AI tools are already extensively utilized by licensees in Malta and entities in other regions. He added that improved guidance can enable the industry to adopt AI in a manner that is more responsible and open.The charter is also consistent with the European Union AI Act, which employs a risk-based approach to artificial intelligence. This European framework imposes obligations on specific AI developers, providers, and users, prioritizing transparency, accountability, and consumer protection. Malta frequently utilizes consultation processes when technological advancements outpace formal regulations. In this instance, input from operators, compliance experts, suppliers, and other industry stakeholders will assist in refining the final document. This consultation process may also offer other gambling regulators a valuable preliminary perspective on AI supervision. While operators are integrating AI into more business functions, the long-term expectations for compliance still require further definition. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Minnesota Becomes First State to Ban Prediction Markets iGame

Minnesota Becomes First State to Ban Prediction Markets

(AsiaGameHub) - Lawmakers in Minnesota have greenlit a ban on prediction markets, which might mark the first direct state-wide prohibition of this type. Good to Know The legislation is set to go into effect on August 1. Platforms like Kalshi, Robinhood, Crypto.com, and others may encounter new restrictions in Minnesota. The Commodity Futures Trading Commission (CFTC) has maintained that states lack the authority to block federally regulated prediction markets. Minnesota has now become the focal point of the prediction market debate, as lawmakers included the ban provisions in a broader public safety bill. The House voted 100-32 to approve the package on Tuesday, just hours after the Senate passed it by a 57-9 margin. The bill now lands on Gov. Tim Walz’s desk. He can either sign it or allow it to become law without his signature. Given the wide margins of approval, legislators probably have sufficient votes to override any veto. State Gambling Authority Clashes Set to Reach Federal Court The ban would prevent prediction market operators from accepting trades related to sports, elections, pop culture, and other event contracts within Minnesota. This places the state in conflict with the CFTC, the agency responsible for overseeing federally regulated prediction markets.The CFTC has already pushed back against state officials who classify prediction markets as illegal gambling. Its stance is unambiguous: federal law grants the agency jurisdiction over these platforms, not state gambling regulators. Leading operators such as Kalshi, Robinhood, and Crypto.com are already involved in over a dozen legal battles in states that consider their offerings to be gambling. Minnesota may soon enter this legal fray, as the August 1 effective date gives platforms time to file lawsuits before enforcement starts. The way the ban was passed also sparked criticism. A separate prediction market bill had received widespread bipartisan backing in the Senate, but the House had not scheduled it for a vote. Lawmakers then inserted the ban language into the public safety bill toward the end of the 2026 legislative session. Rep. Drew Roach criticized both the process and the ban itself, stating:“I believe this is a major overreach. It’s a disappointing day for Minnesotans and the way we conduct our legislative business.” Rep. Nolan West also voted against the bill, noting that thousands of residents already use prediction markets and that banning them would merely shift activity to other places. “Unfortunately, prohibition doesn’t work. If it did, we’d live in a utopia where we could ban all bad things,” West stated. “But when you prohibit something, you just push it into the shadows. That’s exactly what will happen here.” West also added a warning that Minnesota could end up spending money on a legal case it is unlikely to win. “This is a terrible idea, mainly because we as a state don’t have the authority to do this,” West said prior to voting against the prediction market ban. “Every state that has tried this is beginning to lose those lawsuits. This will cost the state an unknown amount in legal fees with no real benefit.” Support for the ban came from Democratic-Farmer-Labor Party Rep. Emma Greenman, who framed the issue as one of state gambling authority. Minnesota permits tribal casinos, two horse racing tracks, a state lottery, and charitable gaming, yet it is still one of 11 states without legalized sports betting.“This bill is asserting Minnesotans’ right to do what we’ve always done: decide what regulations are best to apply to gambling to protect public safety, our children, and the integrity of gambling itself,” Greenman explained. For prediction market operators, Minnesota now represents another test case to determine if state gambling laws can apply to event contracts that are regulated at the federal level. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Slotapalooza, the World’s Largest Slot Event, Returns to Circa Casino iGame

Slotapalooza, the World’s Largest Slot Event, Returns to Circa Casino

(AsiaGameHub) - Circa Resort & Casino in downtown Las Vegas is pleased to announce the return of Slotapalooza, the world’s largest slot party, taking place on Saturday, July 18. Circa Resort & Casino Announces the Return of Slotapalooza The celebration kicks off with an all-day slot tournament and features thousands of dollars in complimentary free play from top gaming manufacturers, giving guests the chance to experience the newest and most popular slot games throughout the day. The event culminates in a high-energy casino-wide slot party offering nonstop slot action. Guests will also enjoy an open bar and a variety of giveaways during the festivities. Derek Stevens, CEO of Circa, stated that the enthusiastic response and vibrant atmosphere surrounding the debut of Slotapalooza made bringing the event back for a second year an easy decision. He noted that the return of the world’s largest slot party represents a full-scale celebration of the excitement and energy that define the casino floor at Circa Resort & Casino. According to Stevens, this year’s event aims to enhance the experience even further for players while creating another unforgettable day in downtown Las Vegas. Leading Slot Manufacturers Will Offer Various Activations The slot tournament will run from 11 am to 7 pm, with the grand prize being a Game King Poker slot machine. No pre-registration will be required to participate. In addition to the main event, several leading gaming manufacturers will provide complimentary slot play and prize giveaways between noon and 7 pm. For instance, AGS will distribute free play vouchers to up to 200 participants. Meanwhile, ATI plans to offer $25 free play vouchers to up to 400 guests, along with a $10,000 giveaway prize. Bluberi will also provide $25 vouchers for up to 200 attendees and feature a $5,000 giveaway prize. IGT will offer the same, but additionally, it will also host a cruise prize drawing. Interblock, Light & Wonder, and Konami will also provide complimentary free play vouchers for up to 200 participants. The night will conclude with a large-scale slot celebration. At 7 pm, both casino floors at Circa Resort & Casino will activate every slot machine across both levels. The first spin is scheduled for 8 pm, and the evening will include an open bar available to all guests from 7 pm to 9 pm, as well as slot free play prizes awarded through Hot Seat drawings. In other news about Circa Hospitality Group, the owners and operators of the Las Vegas resort, earlier this year, the company entered into a partnership with the Kansas City Royals to develop various engaging experiences for fans of the MLB franchise. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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Allwyn Presses Ahead with Expansion Plans Despite Investor Concerns iGame

Allwyn Presses Ahead with Expansion Plans Despite Investor Concerns

(AsiaGameHub) - At Allwyn’s recent Ordinary and Extraordinary General Meetings, the company approved all proposed resolutions, including board reappointments and the relocation of its registered office to Switzerland. However, some lingering concerns remain, especially regarding the company’s share price. Following the merger with OPAP, the stock dropped from above EUR 20 ($23.42) to just over EUR 12 ($14.05), leaving some investors uneasy. Allwyn Will Continue to Diversify According to a recent Next.io report, CFO Kenneth Morton rejected the idea that the stock price decline signals a shift in Allwyn’s business direction. He informed shareholders that no significant developments have occurred since the company’s March guidance, emphasizing that disclosure regulations would have required an update to its estimates if performance had changed. According to management, operations are proceeding as planned, even though share prices do not reflect this progress. CEO Robert Chvátal described the OPAP merger as a major milestone. He noted that the move enabled Allwyn to expand its operational reach while creating additional opportunities to adapt to the rapidly evolving gambling industry and diversify its offerings through digital channels and sports betting. Diversification continues to be at the heart of Allwyn’s strategy. Executives highlighted the company’s scale, cash flow, and technology base as key factors driving future growth. They also expressed a goal to become publicly listed on more prominent stock exchanges such as London and New York, suggesting that Athens may only serve as a temporary base. Sports Betting Presents Unique Opportunities Despite management’s optimism, many investors seek more immediate growth indicators. For instance, sports betting is a promising sector that has become a priority for Allwyn, particularly after the company entered the U.S. market via its investment in PrizePicks. According to executives, this expansion could complement the steady returns generated by lottery operations. However, skeptics question whether sports betting can truly gain momentum without in-house sportsbook technology. The planned acquisition of Novibet, which would have provided essential expertise in this area, collapsed earlier this year due to objections from regulators. This setback forced Allwyn to reassess its options. In the near term, Allwyn will focus on strengthening its marketing efforts, local expertise, and execution capabilities rather than pursuing another large-scale deal. Nevertheless, the company’s long-term objectives remain unchanged. Allwyn still intends to deploy its own sportsbook platform across various markets while relying on its core lottery business as a stable foundation. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
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