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Shane Hennen, the central figure in three basketball gambling scandals, pleaded guilty to wire fraud conspiracy on July 28. Legal experts say potential cooperation could expose far more defendants.
Research shows 70% of new sports bettors keep wagering three months after a World Cup ends, but fewer than half stay in sports betting. Here is what the data says and what operators can do.
BetMGM posted Q2 2026 net revenue of $711 million but adjusted EBITDA dropped 15% to $74 million as sports betting stalled and prediction market rivals intensified pressure. The $500 million EBITDA goal has been pushed beyond 2027.
Italy's FIGC rejected Andrea Pirlo as national coach on 27 July 2026 after his ambassadorial contract with Fonbet, Russia's oldest sportsbook, made the appointment politically untenable. Antonio Conte and Roberto Mancini are now the frontrunners.
Nigeria's 2024 Supreme Court ruling stripped federal gambling authority and handed it to 36 states, creating one of the world's most fragmented regulatory landscapes for iGaming operators trying to reach 60 million bettors.
Atlaslive has integrated FIRST.bet's award-winning Tier-1 sportsbook into its iGaming platform, expanding sportsbook choices for operators targeting Brazil and Latin America, where licensed betting generated $7 billion in GGR in 2025.
Kaizen Gaming has secured a Spanish gambling license from the DGOJ and is hiring a Managing Director to lead Betano's entry into its 11th European market, where gross gaming revenue reached €454.1 million in Q1 2026.
The North American Association of State and Provincial Lotteries has declared prediction markets to be gambling, calling for urgent regulatory oversight at the same time the CFTC is moving to formally permit sports event contracts on platforms including Kalshi and Polymarket.
House Representatives Steven Horsford and Mark Amodei introduced the Prediction Markets Are Gambling Act on July 24, 2026, joining a Senate companion bill to ban sports and casino-style prediction contracts from federally regulated exchanges.
The Campaign for Fairer Gambling is pushing New Jersey legislators to pass bill S-2160, which would make the state the first in the US to ban online microbetting, citing research that 78% of microbettors meet problem gambling criteria.
China's state sports lottery recorded RMB 83.3 billion ($11.6 billion) in World Cup 2026 single-match football betting sales across the six-week tournament, with volumes peaking during the group stage despite China's absence from the competition.
Prediction markets captured 27% of US legal sports-betting volume during the 2026 World Cup, with Kalshi topping $2 billion in daily trading and recording more app users than DraftKings or FanDuel, as Macquarie forecasts $1.5 trillion in sector volume by 2030.