Gambling & crypto news
The gambling industry and crypto: regulation, licensing, operators, payments, digital assets and markets — the stories that matter to the business.
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Robinhood Q3 crypto revenue falls 55% to $120M as prediction markets surge to $173M
Robinhood's third-quarter crypto transaction revenue dropped 55% year over year to $120 million, though it beat forecasts. Prediction market revenue climbed to $173 million, more than six times the prior-year figure.GamblingCryptoCoinDeskPhoto: © CoinDesk
CFTC sues Utah to protect Kalshi's prediction market offering as state-federal clash deepens
The CFTC has filed a federal lawsuit seeking to stop Utah's attorney general from restricting Kalshi, escalating the dispute over whether states or federal regulators control prediction markets.GamblingCoinDeskPhoto: © CoinDesk
IBM, Oracle, Intel and IonQ opt out of OKX–ICE tokenized stock trading plan, lifting objections to 26
Four more issuers have declined to have their shares offered onchain by OKXICE, the joint venture of OKX and Intercontinental Exchange. The total number of objecting companies is now 26 under the SEC's new tokenized stock framework.CryptoCoinDeskItaly investigates 15 people over manipulated slot machines and alleged bribery of ADM official
Italian authorities seized 145 slot machines and €80,000 in cash in raids in Cosenza province. Fifteen people are under investigation over machines allegedly rigged to evade the national wagering levy, and an ADM official is also being probed for corruption.GamblingSBC NewsPhoto: © CoinDesk
Brazilian firms pile into stablecoins and bitcoin as Lula election win hits the real
Corporate clients drove 78% of Sunday trading at Mercado Bitcoin as USDT turnover jumped nearly 800% around Brazil's runoff. The real then fell sharply and the Ibovespa dropped 14% the next day.GamblingCryptoCoinDeskPhoto: © SBC News
Brazil's licensed betting sector in limbo after Lula wins fourth term, with Congress holding the key
Lula's runoff victory leaves Brazil's regulated online gambling market in what SBC editors call a 'zombie state'. Congress and possibly the Supreme Court now decide whether the 25 September betting ban survives.GamblingSBC NewsPhoto: © CoinDesk
Robinhood to offer Ripple's RLUSD stablecoin in its app despite backing rival USDG
Robinhood and Ripple announced a partnership that will bring the $2.5 billion RLUSD stablecoin to Robinhood's retail app by the end of 2026, even though Robinhood helped found the network behind competitor USDG.CryptoCoinDeskPhoto: © GamblingNews
Evolution CEO calls Brazil's online betting ban a 'populist' move, says supplier is ready to return
Evolution chief executive Martin Carlesund criticised Brazil's prohibition of online gaming during the company's Q3 earnings call. He said the supplier closed its local live casino studio but is ready to return if the market reopens.GamblingGamblingNewsPhoto: © GamblingNews
FanDuel and DraftKings face Louisiana class action over alleged addictive app design
Three New Orleans residents have filed a class action against FanDuel and DraftKings, alleging the sportsbook apps are designed to exploit compulsive gambling. They seek refunds of net deposits plus damages.GamblingGamblingNewsFlutter to wind down Betfair Exchange, Sportsbook and Casino in Italy after regulatory changes
Flutter Entertainment says Betfair's Italian exchange, sportsbook and casino will be discontinued, citing regulatory changes that made the exchange commercially unsustainable. The group's Sisal, Snai and PokerStars brands remain active in Italy.GamblingSBC NewsPhoto: © European Gaming
BetGames debuts first fishing-themed slot, Reel Fin Fury, with 10,000x maximum win
BetGames released Reel Fin Fury on 27 October 2026, its first fishing-themed slot. The high-volatility title pairs a tiered free spins round with a Hold and Win feature and a 10,000x maximum win.GamblingEuropean GamingPhoto: © GamblingNews
Pennsylvania lawmakers file bipartisan bills to cap online casino stakes and losses, ban micro bets
Representatives Tarik Khan and Jamie Flick have introduced HB 2879 and two companion bills in Pennsylvania. The package would set stake and loss limits, ban credit card funding and VIP programs, and restrict gambling advertising.GamblingGamblingNewsPhoto: © GamblingNews
Buenos Aires Province weighs 'Lula Law' online gambling ban modeled on Brazil's measure
Senator Federico Fagioli's proposed 'Lula Law' would bar online casino and sports betting in Buenos Aires Province, echoing Brazil's Provisional Measure 1,394. Lawmakers are also working on a separate safer gaming package.GamblingGamblingNewsPhoto: © CoinDesk
CF Benchmarks launches CFB Oracle to deliver its pricing indices to blockchain applications
CF Benchmarks, owned by Kraken parent Payward, has launched CFB Oracle to supply its benchmark prices to onchain products. The service runs on Ethereum, HyperEVM and Robinhood Chain and competes with Chainlink and Pyth.CryptoCoinDeskPhoto: © iGaming Business
1xBet adviser says gambling industry has lost its social licence and must rebuild trust beyond compliance
Simon Westbury of 1xBet and 1xCare argues that being regulated does not restore public trust in gambling. He urges operators to put players first and prioritise long-term relationships with regulators and society over short-term gains.GamblingiGaming BusinessBacta and 120 businesses urge UK Chancellor to keep Machine Games Duty at 20% before budget
UK trade body Bacta has published a letter signed by 120 independent businesses asking the Chancellor not to raise Machine Games Duty, hours before the budget announcement on 28 October.GamblingSBC NewsPhoto: © European Gaming
St8 says operator use of its MCP-based AI back-office assistant rose 91% as queries topped 10,000
Casino games aggregator St8 published usage data from a focus group of operator partners showing 10,358 queries over 13 weeks. The company says weekly volume grew 91%, though the figures are self-reported.GamblingEuropean GamingPhoto: © GamblingNews
Powerball Jackpot Survives Monday Draw as Two Match 5 Players Win $1M Each
No ticket matched all six numbers in the October 26 Powerball drawing, but players in Florida and Georgia each won $1 million. The jackpot for Wednesday's draw is estimated at $716 million.GamblingGamblingNewsNBA signs prediction market deals with Kalshi and Polymarket, adds CFTC integrity MOU
The NBA has agreed a framework with Kalshi and Polymarket, extended its DraftKings relationship to cover sports trading, and signed an integrity MOU with the CFTC. The NFL is now the only major North American league without such a deal.GamblingSBC NewsPhoto: © CoinDesk
Bitcoin slips below $80,000 as AI fundraising draws capital; Ripple gets final nod for U.S. national trust bank
Bitcoin fell 0.6% to about $79,750 as investors turned toward AI after Meta's $95 billion raise and Anthropic's IPO filing. XRP rose 1% after Ripple won final approval to launch a U.S. national trust bank.CryptoCoinDeskPhoto: © CoinDesk
JPYC yen stablecoin reaches only a quarter of its first-year circulation target
Japan's yen-backed stablecoin JPYC has about 3.2 billion yen in circulation, well below its issuer's goal. CEO Noritaka Okabe blames issuance limits under funds-transfer rules and now targets tens of billions of yen in year two.CryptoCoinDeskPhoto: © iGaming Business
Brazil's Supreme Court sets 3 November public hearing on betting ban and related cases
Justice Luiz Fux has called a public hearing for 3 November on challenges to Provisional Measure 1,394, which bans betting in Brazil. The session will also feed into several other pending cases on betting regulation.GamblingiGaming BusinessPhoto: © CoinDesk
Keystone to destroy 18,835 unsold hardware wallets after website breach exposes customer data and key
Hardware wallet maker Keystone will scrap nearly 19,000 unsold devices and pause shipments after an Oct. 20 breach exposed buyer records and a fixed authentication key. The firm says recovery phrases and private keys were not affected.CryptoCoinDeskUK industry warns Machine Games Duty rise could weigh on gambling jobs and hiring ahead of budget
Ahead of the UK budget, trade bodies and recruitment advisers say a higher Machine Games Duty could hit employment, especially in high-street betting. Some stress the first effects would be slower hiring rather than immediate redundancies.GamblingSBC News