(AsiaGameHub) -   New Zealand has successfully passed its Online Casino Gambling Bill through its third and final parliamentary reading, bringing the nation closer to establishing a regulated online casino market with the potential for up to 15 operator licences. The legislation, championed by Internal Affairs Minister Brooke van Velden, is now set to receive Royal Assent, which is anticipated on 1 May. This new law addresses a long-standing deficiency in the Gambling Act 2003, which previously permitted offshore operators to offer services to New Zealand residents without the obligation of obtaining licences or paying taxes. Minister van Velden stated: The Bill… aligns with the coalition agreement by closing the gambling tax loophole and mandating that licensed online casino operators contribute taxes, mirroring the obligations of other businesses operating within New Zealand. Under the new regulatory framework, the Department of Internal Affairs will manage a competitive process to grant up to 15 licences. This process will involve stages such as expressions of interest, a selection phase that could include auctions or tenders, and final applications. Prospective operators will be required to meet stringent criteria concerning ownership transparency, regulatory compliance, and player protection. The initial validity period for these licences will be three years. Minister van Velden further elaborated: “Within the new framework, up to 15 licences will be made available through a competitive selection process. Licensed operators will be obligated to exclude individuals identified as problem gamblers and adhere to strict requirements for harm prevention and consumer protection.” The timeline for the licensing process is projected to commence in July 2026, with applications due by 1 December of the same year. Successful operators are expected to launch their services by 1 July 2027. Any operators that do not submit an application by the stipulated deadline will be required to cease operations in the market. A significant aspect of this legislation is its extraterritorial application, meaning it will extend to all online casino services offered to New Zealand users, irrespective of the operator's geographical location. Minister van Velden commented: These measures will ensure that New Zealand law governs all online casino gambling accessible within the country, regardless of operator location, thereby eliminating opportunities for evasion and enhancing the regulator's capacity to oversee and enforce compliance among international operators. The bill also introduces enhanced enforcement mechanisms, including the power to issue take-down notices, impose fines of up to NZ$5 million for significant violations, and prohibit credit-based gambling. Operators must implement age verification to ensure users are at least 18 years old, establish player protection measures, and maintain formal complaint resolution systems. Furthermore, the legislation includes provisions for allocating a portion of the generated gambling revenue to support community initiatives, such as sports clubs and grassroots organisations. Prominent operators, including Entain and SkyCity Entertainment Group, are reportedly making preparations for the forthcoming licensing competition as the nation progresses towards establishing its inaugural fully regulated online casino market. 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.

(AsiaGameHub) -   In Japan, an expert committee has proposed a draft framework that would permit authorities to block illegal online casino sites—potentially the start of a series of stricter regulations targeting illegal gambling activities. The Ministry of Internal Affairs and Communications initiated this framework and believes blocking access to offshore gambling sites could help reduce the number of young people harmed by gambling. Several legal and constitutional questions must also be addressed before advancing any measures related to blocking illegal online gambling or other unlawful gambling practices. Expert panel members have expressed support for tougher actions against illegal operators, as these entities are highly exploitative and cannot be effectively controlled under existing regulations. Noriko Tanaka, a panel member and head of the Society Concerned About Gambling Addiction, stated: These organizations are truly malicious. Young people can easily fall victim to them, so I strongly hope they will be blocked. The framework concludes that conditions for introducing blocking measures may already exist, given the widespread access to online gambling sites and the continued growth of unlicensed platforms. Under the proposed framework, telecommunications providers will be required to block access to identified illegal sites. In addition to potential access blocking, the framework raises privacy concerns: telecommunications providers would need to monitor individual users’ internet traffic to detect attempts to access blocked sites, which sparks worries about surveillance and possible violations of Japan’s communications privacy laws. Experts have emphasized that these risks must be carefully evaluated, and the report views internet blocking as a last-resort measure. Joji Shishido commented: Blocking websites is the final step in the overall effort to eliminate harm from online casinos. If this measure is implemented, the government needs to take a far more serious approach to building the necessary system. Japan has already introduced alternative measures, including banning social media promotion of illegal casinos and collaborating with foreign jurisdictions to limit access. These steps have shown “a certain degree of effectiveness,” per the report, though access to offshore sites remains widespread. Data from Blask indicates that interest in online gambling may already be declining. User activity dropped significantly throughout 2025 and into early 2026, alongside a fall in estimated market revenue—suggesting demand could be cooling even before stricter controls are introduced. 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.

(AsiaGameHub) -   India will implement a new regulatory framework for online gaming starting May 1, following a notification from the Ministry of Electronics & IT. The rules intend to curb risks related to real-money gambling while introducing more structure and oversight to the sector. The framework originates from the Promotion and Regulation of Online Gaming Act 2025, which Parliament passed in August last year. It covers both real-money gaming and non-monetary games, with the objective of enhancing regulation while supporting the growth of esports and social gaming. A key feature is the establishment of the Online Gaming Authority of India, which will act as the central regulatory body. It will maintain a registry of online money games, handle complaints and appeals, issue guidelines, and coordinate with banks and enforcement agencies. The authority will also supervise compliance across the sector. The new system introduces clear criteria for classifying online money games, based on factors like stakes, potential rewards, and revenue models. It also sets up a registration framework for esports and certain social gaming categories, while many non-real-money games will stay outside mandatory registration unless specifically required. User protection measures are a core component of the rules, including age verification, parental controls, complaint mechanisms, and a two-tier dispute resolution system designed to strengthen accountability. With the rollout approaching, India is moving toward a more structured regulatory environment for online gaming. The government states that the framework is designed to balance industry growth with consumer protection, particularly by reducing financial and social risks linked to money-based gaming platforms. 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.

(AsiaGameHub) -   In an intensified effort against cybercrime, Cambodia has ordered the closure of 91 casinos implicated in online scams as part of a wider enforcement campaign targeting illegal gambling and fraud operations. Authorities have reported that over 250 scam-related facilities were shut down in the nine months leading up to December, with numerous raids conducted on premises suspected of engaging in online fraud and operating illegally. Additionally, more than 13,000 foreign nationals were deported, and over 240,000 others reportedly left the country voluntarily between mid-January and mid-April as part of this crackdown. This action follows increased pressure from China, whose Minister of Foreign Affairs, Wang Yi, visited Phnom Penh on April 22 and urged the government to implement more stringent measures to curb cross-border gambling and cyber scams. According to state media, the 91 casinos targeted for closure are either directly involved in scam activities or facilitate online fraud networks, leading to suspicions that they may be serving as fronts for cybercriminal enterprises. In addition to stricter enforcement of existing gambling laws, new legislation has been enacted, including an anti-scam law that took effect on April 6. This law mandates severe penalties, including life imprisonment for serious offenses of this nature. Under the directive of Hun Sen, Cambodia has made significant strides in combating cybercrime, demonstrating its capacity to more effectively regulate its gambling industry, largely in response to pressure from China, the United States, and various other regional entities. 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.

(AsiaGameHub) -   With just one month remaining, the highly anticipated Casino Guru Awards 2026 is now in its final phase, poised to celebrate the brands, initiatives, and individuals driving transparency, fairness, and significant progress across the global iGaming sector. Organized by Casino Guru, these Awards have become a definitive benchmark for trust and responsibility within online gambling. Unlike conventional industry accolades, the Casino Guru Awards specifically recognize those who move beyond promotional claims, instead honoring contributors throughout the ecosystem who actively enhance player protection, resolve issues, and help elevate industry standards. A Distinct Form of Industry Acknowledgment At the core of the Awards lies Casino Guru’s long-standing mission: to foster a safer online gambling environment for players worldwide. Winners are determined through a combination of data-driven evaluation and expert assessment, drawing upon the platform’s extensive database, including its Safety Index and Complaint Resolution Center. With nominations now closed and shortlists finalized, the Casino Guru team is currently conducting the final evaluations. This stage involves a comprehensive review of each nominee’s track record, alongside detailed discussions with judges and shortlisted candidates to gain a deeper understanding of the impact and substance behind each nomination. Concurrently, the Player’s Choice and Voice of the People categories remain open for public voting, providing the wider community an opportunity to cast their votes. Beyond a Mere Award Daniela Sliva, PR & Creative Projects Director from Casino Guru, commented: “The Casino Guru Awards are not about who is the biggest or most visible. They are about who is doing the right thing, even when no one is watching.” Over the years, the Awards have garnered widespread industry recognition for their integrity and independence, thereby contributing to the establishment of higher standards and encouraging operators to prioritize player well-being. Mark Your Calendars The winners of the Casino Guru Awards 2026 are scheduled to be announced on May 25 at Xara Lodge in Malta, immediately preceding the NEXT Valletta conference. The event is designed not only for operators but for all brands and individuals committed to advancing the industry. With approximately 150 guests expected, attendees can anticipate an experience that extends beyond the awards announcement, featuring high-quality entertainment, valuable networking opportunities, exceptional cuisine, and an afterparty to conclude the evening. As the final countdown begins, all eyes are now on the companies and individuals who are actively shaping a more transparent and accountable future for online gaming. 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.

(AsiaGameHub) -   Brazilian authorities have prohibited 27 platforms that function under "prediction market" models, having concluded they were essentially providing betting services without a license. The Ministry of Finance issued the prohibition after an investigation found these firms were marketing their services as investment or derivative products tied to wagering, barring them from conducting business in Brazil. These banned platforms allowed users to place bets on a wide array of real-world events, such as: future elections; economic patterns; sports results; TV show outcomes; and developments in international relations. This ban aligns with a recent resolution from the National Monetary Council on April 24, which limited derivatives trading to economic and financial indicators overseen by the Securities and Exchange Commission. Officials added that these organizations' business models are "operating at the fringes of the finance industry" and fail to meet the standards required for a licensed betting operation or a regulated financial institution. Additionally, authorities raised concerns about the potential for customers to accumulate excessive debt. The prohibition applies to both domestic and international firms named in the announcement, such as Kalshi and Polymarket. Consequently, Brazilian consumers will face limited access to these companies' services. For all the affected companies, this ruling significantly shifts Brazil's previous approach to new betting-like models, compelling them to either adhere to local regulations or exit the Brazilian market. 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.

(AsiaGameHub) -   Boyd Gaming announced $997.4 million in revenue for the first quarter of 2026, a 0.6% year-over-year increase, driven by consistent customer activity and ongoing investments across its property portfolio. Net income totaled $105.5 million, down 5.3% from the same period last year, while adjusted earnings fell 10.6% to $123.1 million. Adjusted EBITDAR also declined by 6% to $317.4 million. The South and Midwest segment posted positive earnings and revenue results, largely due to improved activity from core customers and more favorable year-over-year comparisons (stemming from significant weather disruptions in the prior fiscal year). Property investments also contributed to revenue and profit generation in these segments. Conversely, the Las Vegas Locals segment faced challenges from lower demand levels paired with ongoing construction delays at the Suncoast property. Downtown Las Vegas results remained stable thanks to sustained strong visitation by Hawaiian customers, though overall traffic to the area continues to decline. Boyd’s online segment continues to grow, fueled by its online casino operations and third-party restricted access agreements. The Managed and Other segments benefited from higher management fee revenues, most notably from the management of Sky River Casino in California. During the second quarter of 2026, Boyd opened its Cadence Crossing Casino in Las Vegas and continued progress on its $750 million resort development in Virginia. The company also secured approval to expand and upgrade its Par-A-Dice property in Illinois. Boyd returned approximately $170 million to shareholders in the second quarter via dividends and share repurchases—including $155 million in repurchased shares and a quarterly dividend of $0.20 per share. In addition, the board approved a $500 million expansion of the share repurchase program in April. As of March 31, 2026, Boyd held $372.7 million in cash on hand and had total debt of $2.3 billion. President and CEO of Boyd Gaming, Keith Smith said: Looking ahead, we believe our strong balance sheet, diversified portfolio, balanced approach to capital allocation, and experienced management team all position us well to continue creating long-term value for our shareholders. 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.

(AsiaGameHub) -   PG Soft, a leading company in the world of digital mobile games, has launched its latest creation, Funky Fortunez. Funky Fortunez is a 4x4 symbol combination slot featuring Prize symbols that can award wins of up to 500 times the bet amount. The game is set against a vibrant, neon-lit backdrop and infused with hip-hop energy, drawing inspiration from street culture and the excitement of the dancefloor, elements that are woven into every spin. The Prize Symbol is a key feature that makes Funky Fortunez a standout game. During any spin, winning symbols activate their positions. The first activation marks the position, and the second transforms it into a Prize symbol. When no more winning combinations are present, each Prize symbol awards a prize ranging from 0.2x to 8x the bet. Before any Prize symbol pays out, it has the potential to be upgraded to a Gold Prize symbol or a Platinum Prize symbol. Gold Prize symbols offer prizes between 10x and 50x, while Platinum Prize symbols can award between 100x and 500x, meaning every spin holds the possibility of greater rewards. Landing three Scatter symbols on the reels triggers the Free Spins Feature with 10 free spins, with each additional Scatter granting two more spins. Once free spins are activated, any marked symbol positions and Prize symbols remain locked on the reels for the entire feature. The Prize Upgrade Feature can be triggered on every winning free spin, and free spins can also be retriggered. A spokesperson for PG Soft stated: Funky Fortunez is a tribute to the hip-hop genre, which we believe will remain popular for a considerable time. The Prize Symbol mechanic is the driving force of the game, as players aim for substantial returns of up to 500x per symbol, with a maximum win potential of 2,000x the initial bet. 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.

(AsiaGameHub) -   Bally’s Intralot has entered into a 12-year agreement with Polla Chilena de Beneficencia to deliver innovative lottery, sports betting, and digitalization solutions, with an option for a further 2-year extension upon its conclusion. All current gaming and betting solutions from Polla Chilena de Beneficencia will be migrated to Bally’s Intralot's LotosX Omni platform. Demián Arancibia Zeballos, the General Manager of Polla Chilena de Beneficencia, said: This deal marks a significant step in our modernization journey, enabling progress in technology, user experience, and operational efficiency. Our goal is to build a portfolio of gaming and betting services that is contemporary, secure, and meets user expectations, all while upholding the organization's social purpose. Under the agreement, Bally’s Intralot will supply its full suite of proprietary solutions. This encompasses the LotosX system for comprehensive lottery process control; PlayerX for customer account management; RetailerX for retail network optimization; and Orion for sports betting support. A central component of the partnership is the enhancement of retail infrastructure. Bally’s Intralot will deploy roughly 2,500 next-generation lottery terminals equipped with integrated cameras to retail venues across Chile. Robeson Reeves, the Chief Executive Officer of Bally’s Intralot, noted: Polla Chilena de Beneficencia is a long-valued partner of our company. We are therefore pleased to formalize and broaden our collaboration. This agreement affirms confidence in our technology and team, and underscores our dedication to supporting lottery operators. In partnership with Polla Chilena, we aim to foster a modern, secure, and scalable gaming ecosystem that offers the operator opportunities for sustainable growth and innovation, carried out responsibly. 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.

(AsiaGameHub) -   Following a Polymarket case connected to Nicolas Maduro that led to criminal charges against a U.S. Army Special Forces soldier, federal and state officials are tightening restrictions on prediction market trading by public employees. Good to Know DOJ reports Gannon Ken Van Dyke earned roughly $400,000 from trading on Polymarket. The trades were linked to the January capture of Nicolas Maduro. New York now prohibits state employees from using confidential information in event contracts. The Maduro Case Becomes a Test for Prediction Market Rules New York Governor Kathy Hochul was the first to act on regulations for public employees this week, signing an executive order that bans state workers from using confidential information to trade event contracts. The White House had already warned its own staff against similar conduct on prediction market platforms. Hochul said: “Profiting from bets using insider information is straightforward corruption, no question. Our actions will guarantee that public servants work for the people they represent, not for their own personal financial gain.” The federal case that has given this debate real urgency centers on Gannon Ken Van Dyke. According to ABC News, DOJ alleges the special forces soldier placed more than $33,000 worth of Polymarket trades ahead of the removal of Venezuelan leader Nicolas Maduro. Prosecutors state he later profited roughly $400,000 from the trades.Maduro and his wife were extracted by U.S. forces in January. Shortly after the operation, traders and outside observers raised concerns about insider trading surrounding Polymarket contracts tied to the event. DOJ alleges Van Dyke had access to nonpublic government information and used it to earn personal profit. The indictment includes multiple federal charges, such as unlawful use of confidential information for personal gain, theft of nonpublic government information, commodities fraud, and wire fraud. Authorities also say Van Dyke attempted to delete his Polymarket account after concerns about the trades became public. The indictment stated: “Instead of safeguarding that information as he was required to do, Van Dyke chose to use that classified information to place trades on a prediction market platform for his own personal profit.“Van Dyke later tried to hide his illegal use of classified U.S. Government information by attempting to cover up the source of his illegal proceeds and disguise his connection to the accounts linked to the unlawful trades.” Polymarket has faced other allegations of misuse of insider information in recent months. Markets connected to Iranian Supreme Leader Ayatollah Ali Khamenei drew similar concerns. In December, one user correctly predicted 22 out of 23 Google search-related markets on Polymarket and collected more than $1 million in a single day. Congress has also joined the debate. Rep. Ritchie Torres introduced a bill in January that would ban federal employees from using prediction markets, adding another layer to the growing dispute over event contracts, public officials, and confidential information. 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.

the Apple App Store and Google Play Store, Parallel TCG is now live, providing Parallel Studios with a broader pathway to reach players following years of PC testing, card set releases, and esports investments. (AsiaGameHub) -   Good to Know Parallel collectibles have amassed $125 million in secondary market trading volume. Parallel Studios secured an additional $35 million in funding in March 2024. The Parallel League Championship has featured prize pools of $250,000, $1 million, and $2 million. Parallel’s Mobile Launch Opens Up A Broader Testing Ground Parallel makes its mobile debut with a distinct profile compared to many older Web3 gaming projects. Instead of forcing every player into crypto features, the game uses NFTs as an optional layer. Players can leverage these assets to boost PRIME earnings, but the core trading card game remains free-to-play and cross-platform. This setup gives Parallel Studios a stronger chance to connect with card game players who prioritize gameplay over tokens. The project started during the NFT boom but has since shifted its focus more heavily toward competitive TCG design, esports, and regular card expansions. The long development journey began with a closed beta in July 2023. Planetfall, the first expansion set, arrived in October. Parallel then entered open beta in February 2024 after introducing a free-to-play model on PC. A month later, the studio secured $35 million in fresh funding.Market conditions didn’t make the path easy. PRIME once hit $28 but later dropped by more than 98%. Even so, Parallel Studios continued adding content: the game launched on the Epic Games Store, followed by Aftermath, an expansion with 90 new cards. In 2025, Deception launched and adjusted the economy for older cards by cutting the supply of earlier sets by 90%. Parallel Studios also tested Android access in the Philippines to refine the mobile experience before rolling out the game globally. Esports is now a central part of the studio’s plan. The first Parallel League Championship took place at HyperX Arena in Las Vegas with a $250,000 prize pool. Later seasons raised the stakes to $1 million and $2 million. With iOS and Android access now available, Parallel TCG can test whether a polished free-to-play card game with optional NFT utility can draw a wider audience beyond the Web3 gaming community. 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.

(AsiaGameHub) -   Web3 gaming has seen a value drop of roughly $15 billion as investor interest wanes for token-based games, NFT initiatives, and GameFi frameworks that prioritize speculation over actual player needs. Good to Know Caladan reports that 93% of GameFi projects are no longer active. GameFi token prices have plummeted by approximately 95% since their 2022 peak. Over 300 blockchain gaming ventures have shut down. Token Hype Outpaced The Actual Games The Web3 gaming slump is currently impacting both funding flows and player counts. Per a Caladan report, the majority of GameFi projects are inactive now, and crypto gaming token prices have dropped significantly from their 2022 highs. The issue began with premature funding. Numerous blockchain games secured substantial funds via NFTs and digital tokens before completing their products. Pixelmon stands out as a stark example: it raised $70 million in 2022 without launching any significant playable content. This model functioned only as long as new buyers continued to join. When investor interest tapered off, token prices declined, players departed, and many projects lacked meaningful gameplay to retain users. Axie Infinity illustrates the extent of this drop: its daily active users fell from roughly 2.7 million to around 5,500.Crypto games also had a limited audience. Coda Labs discovered that just 12% of gamers have ever tried crypto-focused games. This resulted in the Web3 gaming industry having far more capital than actual demand. Funding trends shifted rapidly. In 2022, gaming accounted for 62.5% of all Web3 venture capital. By 2025, that proportion is projected to drop to single digits. Animoca Brands and other key investors have cut back on gaming investments and are now prioritizing sectors like stablecoins and AI. Development timelines further exacerbated the problem. Sophisticated games can take three to five years to develop, but many GameFi tokens lost their value well before the games were completed. As token prices crashed, communities eroded, funding dried up, and over 300 blockchain gaming projects closed their doors. 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.

(AsiaGameHub) -   A recent SSRN working paper indicates that Polymarket’s predictive accuracy stems less from collective crowd wisdom and more from a small group of traders with a distinct advantage. Researchers also flagged 1,950 accounts whose trading patterns may suggest the use of non-public information. Good to Know The study examined 1.72 million Polymarket accounts. Only 3.14% were classified as skilled winners. Flagged accounts earned an average of about $15,000 each. Insider Trading Concerns Are at the Core The paper, “Prediction Market Accuracy: Crowd Wisdom or Informed Minority?” was published on April 20, 2026, and revised on April 25. It was co-authored by Roberto Gomez-Cram, Yunhan Guo, and Howard Kung of London Business School, along with Theis Ingerslev Jensen of Yale University. One segment of the research focused on potential insider trading. The authors identified 1,950 accounts with timing and conviction patterns that hinted at possible use of non-public information. These accounts also had significant price impacts when they traded. One case involved three accounts that bought contracts tied to Venezuelan President Nicolas Maduro hours before a secret U.S S. military operation on January 3, 2026. Together, they made more than $630,000 in profits.This finding alters the framing of the Polymarket accuracy debate. Prediction markets like Polymarket and Kalshi often present their price accuracy as a result of many participants pooling their views. The paper argues that the useful forecast signal came from a much smaller informed minority. The authors reached this conclusion after analyzing Polymarket’s full transaction history, including 98,906 events, 210,322 markets, and $13.76 billion in total trading volume. They used a sign-randomization test to separate real skill from luck. Only 3.14% of accounts qualified as skilled winners. These traders averaged 79 markets each, maintained profits outside the initial sample, and typically traded in the direction of final results. The other 96% either lost money or broke even due to chance. Order flow data clearly showed this gap. A one percentage point increase in skilled net buying correlated with an 8 basis point rise in the probability of the correct final outcome. Lucky winners had positive balances, but their trades did not provide useful predictions of prices or outcomes.Polymarket also grew rapidly during the study period. Monthly volume rose from $3.3 million in December 2023 to $1.98 billion in December 2025. Active accounts increased from about 1,600 to more than 519,000. Even so, skill remained highly concentrated. The researchers found that skill was also persistent. In a random split test, 44% of traders labeled skilled in training data retained that label in test data. Unskilled losers stayed unskilled 51% of the time. Skilled mutual funds kept their label only 10% of the time in a parallel test. Scheduled news tests produced the same result. Around FOMC announcements and corporate earnings releases, only skilled traders adjusted their order imbalance in the direction of the news surprise. Other account groups showed no consistent reaction. 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.

(AsiaGameHub) -   As part of a crackdown on online scam networks, illegal gambling, and foreign-linked fraud operations, Cambodia has mandated the closure of 91 casinos. Key Points Cambodia reports over 250 suspected scam centers have been raided in the last nine months. Authorities have documented 13,039 deportations related to scam activities, involving individuals from 33 different nationalities. A new law targeting online scams took effect on April 6, introducing penalties that can extend to life imprisonment in cases resulting in death. Cambodia's Casino Closures Part of Broader Cybercrime Offensive The Cambodian government has intensified its campaign against online scams by ordering the closure of 91 casinos accused of participating in fraudulent activities. According to a government statement reported by the Chinese news agency Xinhua, authorities have conducted raids on more than 250 suspected scam centers over the past nine months. Officials also indicated that 241,888 individuals voluntarily departed Cambodia between mid-January and April 19 as enforcement measures were heightened. China has also urged Cambodia to take action. Chinese Foreign Minister Wang Yi met with Prime Minister Hun Manet in Phnom Penh on April 22, advocating for more robust measures against cross-border gambling and online fraud, which Beijing has identified as a threat to public safety.Cambodia states that the casino closures are a component of a larger strategy to dismantle scam compounds, illicit online platforms, and criminal networks connected to foreign operators. The government also aims to enhance Cambodia's international reputation and strengthen domestic public order. Legal frameworks have also been updated. Cambodia enacted a new anti-online scam law on April 6. Under this legislation, operators can face life imprisonment if scam activities lead to death, while organizers and other participants are subject to lengthy prison sentences. 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.

(AsiaGameHub) -   Brazil has officially declared prediction markets unlawful, closing off access for operators like Polymarket in Latin America’s largest market. The announcement followed the National Monetary Council’s approval of a resolution that restricts which products qualify as derivatives. Good to Know Brazil stated that prediction markets cannot operate under derivatives regulations. Anatel has already blocked 28 platforms offering event contracts. The government notes that Law 14.790 only covers fixed odds betting and online games. Brazil Affirms Event Contracts Lie Outside Legal Betting Guidelines Brazilian Finance Minister Dario Durigan and Miriam Belchior, Chief of Staff for the Presidency, announced the decision on Friday. The National Monetary Council’s resolution specifies that sports events, virtual gaming events, political outcomes, elections, social events, cultural activities, entertainment events, and similar results cannot serve as underlying assets for derivatives contracts. This decision prevents prediction market operators from using financial market terminology to offer event contracts in Brazil. Instead, officials say these products resemble betting but fall outside the legal framework established for fixed odds betting and online gaming. Belchior said:“Now, we are announcing that prediction markets will not be allowed in Brazil. We do not want to expose Brazilians to risks and financial losses.” Enforcement actions have already begun. Anatel, Brazil’s national telecommunications agency, has blocked 28 prediction market platforms and plans to block new operators attempting to enter the country. Durigan noted that the same approach used against illegal betting sites will apply here. Since the regulated online gambling market launched in January 2025, Brazil has blocked 39,000 unlicensed betting sites. He said the goal is to stop all illegal betting offerings, including products based on weather, politics, or other real-world events. He said:“The product offered by these platforms is not eligible for regulation. The blocking action is due to non-compliance with the legislation. This market is not provided for in the legislation, and it will not be permitted for anyone to bet on whether it will rain tomorrow or not.” Regis Dudena, Secretary of Economic Reforms, explained that Brazil’s betting rules were designed to organize a specific activity, not every type of event wager. He added that betting outside sports and online games remains prohibited. Daniele Correa Cardoso, Secretary of Prizes and Betting, stated that authorized fixed odds betting platforms must follow existing public service rules. She added that prediction markets entered Brazil as bets disguised as derivatives, a model the government has not recognized. This decision adds another layer to Brazil’s betting regulation following the 2025 launch of the legal online market. It also gives regulators a clearer basis to act against event contract platforms before they build scale among Brazilian users. 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.

(AsiaGameHub) -   Boyd Gaming recorded a modest increase in revenue for the first quarter of 2026, overcoming headwinds from a softer Southern Nevada market and ongoing casino renovations. Revenue climbed to $997.4 million from $991.6 million in the prior-year period. Good to Know Boyd Gaming's Q1 revenue increased marginally to $997.4 million. Net income dropped to $105.5 million, and adjusted EBITDAR decreased to $317.4 million. Performance in Southern Nevada was impacted by reduced visitor demand and renovation activity at Suncoast. Midwest Growth Helps Balance Las Vegas Pressure Boyd Gaming experienced mixed performance across its properties during the quarter. Net income was $105.5 million, or $1.37 per share, versus $111.4 million, or $1.31 per share, in Q1 2025. Adjusted earnings decreased to $123.1 million, or $1.60 per share, from $137.7 million, or $1.62 per share. Total adjusted EBITDAR declined to $317.4 million from $337.5 million. CEO Keith Smith stated: “Our first-quarter performance demonstrates the advantages of our diversified operations, our effective drive for operational efficiency, and our continuing capital investment strategy.”The company achieved higher property-level revenue and adjusted EBITDAR, maintaining margins exceeding 39%. Smith highlighted more robust play from core and retail customers, particularly in the Midwest and South regions. This segment gained from recent capital expenditures, increased customer engagement, and a more favorable comparison to weather-related disruptions a year ago. The online segment contributed positively to the quarter's results. Boyd noted that iGaming activities and third-party market access deals fueled digital expansion, continuing patterns observed in the latter half of 2025. Managed and Other revenue also saw an uptick due to increased management fees from the Sky River Casino in Northern California. The situation in Southern Nevada contrasted with other regions. CFO Josh Hirsberg reported that the Las Vegas locals market declined by approximately $6.5 million compared to the previous year. Smith attributed this challenge to a drop in tourist visitation, with The Orleans property experiencing the most significant effect. Renovations at the Suncoast created additional pressure. Construction moved into higher-traffic areas of the casino floor during the quarter, and the company anticipates the disruptions will persist until the project concludes late in the third quarter.Despite these challenges, Boyd continued to invest in its portfolio. The firm launched the Cadence Crossing Casino in Henderson on March 25, marking its first new build in over two decades. Smith reported that early customer feedback has been very positive. Further developments are in the pipeline. Boyd is working on a $750 million resort project in Virginia and has secured regulatory clearance for an expansion and upgrade of Par-A-Dice in Illinois, where construction is slated to begin next year. In Southern Nevada, Boyd is revamping the Suncoast casino floor and enhancing its dining and communal areas. A guest room renovation at The Orleans is scheduled for completion later in 2026, with a similar project at Suncoast to follow in the summer. The company also intends to commence a broader modernization of The Orleans in 2027. During the quarter, Boyd introduced new dining options at Gold Coast, with additional upgrades planned for Fremont, Aliante, and Sam’s Town. The company also underscored the long-term vitality of the Southern Nevada market, where the population grew steadily over the last ten years to reach 2.4 million in the previous 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.

(AsiaGameHub) -   Penn Entertainment kicked off 2026 with rising demand at retail locations and improved iCasino performance. The firm reported first-quarter revenue of $1.4 billion, with segment adjusted EBITDAR reaching $471.4 million. Good to Know Penn noted that Q1 saw its most significant retail expansion in three years. The interactive division recorded $358.3 million in revenue alongside a $10.8 million adjusted EBITDA loss. theScore Bet is preparing for its mobile sports wagering and iCasino debut in Alberta. Retail Locations and iCasino Drive Penn’s Q1 Performance Penn Entertainment experienced a surge in foot traffic at its regional properties, with guests spending more during their visits. CEO Jay Snowden highlighted that increased attendance and higher spending levels resulted in the most substantial quarterly growth for rated customer segments in three years. Snowden remarked: “Higher visitation rates and increased spending per guest across the company drove year-over-year growth in theoretical revenue for all rated segments, marking our best quarterly gain in three years.”Adjusted EBITDAR for the retail segment also saw year-over-year improvement, with steady demand persisting through April. Penn has directed capital toward several sites, including the M Resort in Nevada, Ameristar Black Hawk in Colorado, Hollywood Columbus in Ohio, and Hollywood Casino Aurora in Illinois. Regional casinos continue to serve as a vital foundation for Penn, as many patrons reside near the venues. Snowden pointed out that the majority of regional guests live within a 30-minute commute, which helps mitigate the impact of rising costs like gasoline. The company also highlighted improved performance from its digital wing. While the interactive segment brought in $358.3 million in revenue, it saw a $10.8 million adjusted EBITDA loss, which management attributed partly to expenses related to the upcoming launch of theScore Bet in Alberta. The digital approach is now prioritizing iCasino more heavily. Penn reported a roughly 15% year-over-year increase in iCasino revenue, with standalone iCasino operations hitting record quarterly revenue in Q1 and a monthly peak in March.Chief Technology Officer Aaron LaBerge noted that while online sports betting has been more sluggish, online casino growth remains robust. He explained that the company has scaled back marketing in states that only offer sports betting, focusing instead on "hybrid" states that permit both iCasino and sports wagering. Penn anticipates that Alberta will serve as a new growth engine for theScore Bet. Having secured regulatory approval from Alberta Gaming, Liquor, and Cannabis, the company plans to offer both mobile sports betting and iCasino. Snowden mentioned that based on their Ontario experience, they expect to capture a similar market share in Alberta. Snowden characterized 2026 as a year dedicated to operational execution, generating free cash flow, reducing corporate expenses, and maintaining disciplined capital allocation. 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.

(AsiaGameHub) -   Next month, S&K Gaming will open 400 Horses Casino in Polson, Montana, launching a new tribal gaming property that features over 300 gaming machines, a full-service restaurant, and more than 75 new job openings. Good to Know The grand opening is scheduled for May 5 at 2 p.m. The casino spans 34,000 square feet and is located off Irvine Flats Road. 60% of the casino’s revenue goes back to tribal communities to fund social services. 400 Horses Casino Brings New Tribal Gaming Space to Polson The new 400 Horses Casino is located on a 79-acre tribal land parcel, with approximately 10 acres of that tract leased for the casino project. The land was incorporated into the city of Polson in 2023, which allows the casino to connect to municipal water and sewer systems instead of relying on a private well or septic drain field. Construction kicked off on April 9, 2025, after final project plans received approval in late 2024. The development has been in motion since 2021, operated under the enterprise structure of the Confederated Salish and Kootenai Tribes. Inside the venue, S&K Gaming will offer Class II slot machines and electronic table games. Live table games are not planned for the casino’s launch. The casino will open with more than 300 gaming machines, and an additional 100 machines are expected to be added later. — Why Does Montana Have So Many Casinos? — The property also includes 371 Bar and Grill, a 70-seat restaurant with both indoor and patio dining that overlooks Flathead Lake. Chef Pedro Vera, former executive chef at Finley Point Grill, will lead the restaurant’s kitchen. The restaurant will keep extended hours that align with the casino’s operating schedule. S&K Gaming designed the new site to fix layout problems at Kwataqnuk Resort & Casino, where gaming areas were added after the hotel was originally constructed. The company also drew on experience from Gray Wolf Peak Casino to create a more efficient floor plan for the new location. Traffic improvements around the site are still part of the full project. S&K Gaming has partnered with the Montana Department of Transportation on road realignment and new turn lanes, though some upgrades may be completed after the casino opens.The name 400 Horses came from community input and honors Chief Alexander, a central leader in the formation of the Confederated Salish and Kootenai Tribes. Chief Alexander, also known as No Horses, was reported to own roughly 400 horses in the later years of his life. After the Polson casino opens, S&K Gaming plans to renovate Kwataqnuk Resort, with a focus on updating the property to be more family friendly. 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.

(AsiaGameHub) -   Thursday night’s NFL Draft betting kept fans plenty engaged, but sportsbooks faced a tougher go of it. Multiple first-round surprises allowed bettors to cash in on prop markets, while both Circa and BetMGM posted mixed results across player draft position, team selection, and top 10 betting markets. Good to Know Circa took another loss on NFL Draft betting, though the overall damage remained manageable. BetMGM paid out bettors who wagered on Jeremiyah Love at No. 3 and Ty Simpson being selected by the Rams. Long-shot picks including Mansoor Delane at No. 6 and Carnell Tate at No. 4 delivered sharp, profitable results for bettors. Bettors Score Big on Multiple NFL Draft Prop Bets Per Mike Palm, vice president of operations for Circa, The D, and Golden Gate sportsbooks in Las Vegas, Circa had another losing NFL Draft. The operator took relatively smaller hits when Notre Dame running back Jeremiyah Love went third overall to the Arizona Cardinals and Alabama quarterback Ty Simpson landed with the Los Angeles Rams at No. 13. The more challenging result came from Tennessee cornerback Jermod McCoy. Bettors backed the over on his draft position, and he fell outside the first round. Circa also paid bettors who took the under on LSU cornerback Mansoor Delane after the Kansas City Chiefs traded up to No. 6 to select him. Utah offensive tackle Spencer Fano gave Circa one of its few positive results. Cleveland took him ninth overall, which helped the sportsbook on the under bet, but winning opportunities remained limited. BetMGM also described draft night as uneven. Fernando Mendoza going first overall gave the book a strong result after his odds opened at +10,000 and later sat at -10,000 for an extended stretch. However, wagers on Love at No. 3 and Simpson to the Rams both went against the sportsbook. Simpson also helped bettors cash in on the over 1.5 quarterbacks in the first round prop. He had been +800 to go to the Rams and closed with a draft position of 29.5. The under hit easily. BetMGM did retain wager volume on another popular Simpson market, as the Steelers did not take him at +1,600. Love drew heavy betting interest ahead of the draft. His odds to go third overall were +800 a week earlier, then closed at -110. He also led the No. 3 pick market with more than 30% of the total handle. Later, Seattle took his Notre Dame teammate Jadarian Price with the last pick of the first round, helping the over 1.5 running backs prop cash with 87% of bets and 61% of the total money behind it. The No. 2 pick market also brought heavy action at BetMGM. The New York Jets took Texas Tech pass rusher David Bailey, who closed at +175. Ohio State pass rusher Arvell Reese had moved from +115 on Thursday morning to -250 before the draft, but he went fifth to the Giants at +2,000. Delane created one of the biggest long-shot results for bettors. BetMGM had him as high as +10,000 to go sixth overall, and he still sat at +4,000 on Wednesday with limited tickets and handle. Ohio State receiver Carnell Tate also hurt the book when Tennessee took him fourth overall. BetMGM had offered +5,000 on Tate that day, while Love had been the clear favorite for that pick. BetMGM avoided larger payouts across a few other markets. San Diego State cornerback Chris Johnson was the only one of the three most heavily wagered first-round players to get picked on Thursday, with Miami taking him at No. 27. Texas Tech linebacker Jacob Rodriguez led by ticket share, while Iowa offensive tackle Gennings Dunker also drew interest but missed the first round. Top 10 betting went better for BetMGM. Arizona State receiver Jordan Styles went eighth to the New Orleans Saints at -500, but USC receiver Makai Lemon fell to No. 20 after Philadelphia acquired the pick from Dallas. Lemon had been the most bet player by tickets to go in the top 10 at +850. 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.

(AsiaGameHub) -   Lawmakers in Minnesota have advanced a bill to ban prediction markets—potentially the first state-level legislative prohibition of its kind in the U.S. The Senate Finance Committee approved the measure unanimously on Friday, sending it to the full Senate for consideration. Good to Know The legislation targets prediction markets linked to sports, politics, court decisions, legislative actions, and violent incidents. Legal retail or online sports betting is not permitted in Minnesota. Prediction market operators will likely challenge the bill in court if it becomes law. Minnesota Focuses on Event Contracts Ahead of Senate Vote Sen. John Marty is pushing the bill as a way to clarify Minnesota’s gambling laws. He argues that prediction market companies use federal commodities rules to frame event contracts as investment products, while marketing them to consumers as wagers on real-world outcomes. The bill now awaits a vote on the Senate floor. If senators pass it, the House must also approve the measure before it can become law. The proposal covers a wide range of event contracts. Sports contests, elections, legislative actions, court rulings, and events involving death or violence would all fall under the ban. However, Minnesota will still allow existing exceptions like the state lottery, raffles, and limited social betting—including informal March Madness pools.The legislation also narrows protections for futures contracts. Under the bill, a futures product would lose its exemption if a company structures or markets it like a betting product. Marty told the Senate Finance Committee that prediction markets have spread quickly, creating confusion over where investing ends and gambling begins. He also noted that the measure does not add new criminal penalties or fresh enforcement powers. Instead, supporters say it gives regulators clearer ground to stand on under current law. A legal fight is likely. Prediction market operators, and possibly federal officials, have argued that federal regulators hold exclusive authority over these platforms. Minnesota would thus test how far state gambling laws can extend against event contracts. The debate also comes as Minnesota remains one of 11 states without legal retail or online sportsbooks. A sports betting legalization bill introduced during the current legislative session has made little progress and appears unlikely to pass. 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.