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Kalshi Secures Landmark Ruling in New Jersey Allowing It to Offer Sports Prediction Markets

7 4 月, 2026

(AsiaGameHub) -   Kalshi has secured a significant legal victory in the Third Circuit in New Jersey. The judges affirmed a prior decision to grant the company a preliminary injunction in its legal dispute with the state's gambling regulator. While this ruling does not definitively settle the legality of sports prediction markets, Dustin Gouker, a prominent industry analyst, described it as “the most important ruling to date concerning the legality of prediction markets and whether federal law supersedes state gaming regulations.” Gouker first reported this development in his newsletter, The Event Horizon, noting that two out of the three judges ruled in favor of Kalshi. In their written decision, the judges stated, “Kalshi was likely to succeed in demonstrating that the (Commodity Exchange) Act preempts New Jersey law from interfering with Kalshi’s CFTC-licensed DCM to prohibit sports-related event contracts.” Case Background New Jersey was among the initial states to challenge Kalshi regarding its sports markets, issuing the company a cease-and-desist letter in April of the previous year. In response, Kalshi initiated a lawsuit against the New Jersey Division of Gaming Enforcement (NJDGE) and the Casino Control Commission. Subsequently, a judge granted Kalshi a preliminary injunction, which halted the enforcement of the cease-and-desist order. New Jersey appealed this decision to the Third Circuit, but the judges ultimately upheld the original ruling. Implications for Sports Prediction Markets For the present, this judgment permits Kalshi to continue offering its sports markets within New Jersey. It is also anticipated that Kalshi will leverage this decision in other legal challenges across the nation. Concurrently, rulings in other states have been issued that Kalshi's adversaries are utilizing to bolster their arguments. Similar to New Jersey, Nevada initially granted Kalshi an injunction but later reversed its decision. This state is the sole jurisdiction that has successfully imposed restrictions on Kalshi's markets. In a court filing submitted in New Jersey last week, Kalshi pointed out that the ruling in Nevada was made without a hearing. The company's legal team also argued that imposing restrictions on federally regulated exchanges would lead to “complete chaos,” rendering platforms unable to provide equitable access to all eligible participants nationwide. CFTC Supports Kalshi The Commodity Futures Trading Commission (CFTC) submitted an amicus brief in support of Kalshi and has reaffirmed its position that it possesses exclusive jurisdiction over event contracts. The commission has further defended Kalshi and other platforms by filing lawsuits against state regulators in Arizona, Connecticut, and Illinois. The New Jersey ruling strengthens the cases for both the CFTC and Kalshi, though the legal battle is far from over. Gouker commented, “New Jersey could request an en banc rehearing in the Third Circuit, where all the judges in the circuit would hear the case. It could also appeal to the US Supreme Court.” The Supreme Court is likely to be the venue where the legal standing of sports prediction markets will be determined. Legal experts anticipate this will occur within the next few years, potentially as early as next year. As with many matters, trading on these markets is available on prediction market platforms. Polymarket currently indicates a 60% probability that the Supreme Court will hear a case by the end of the 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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UK regulator concludes investigation into KPMG’s audit of Entain

7 4 月, 2026

(AsiaGameHub) -   An investigation by the Financial Reporting Council (FRC) into KPMG’s audit work on Entain’s financial accounts has been closed with no further action planned, though the circumstances of the underlying issue remain subject to upcoming legal proceedings. The FRC launched this probe into KPMG’s auditing of Entain’s 2022 accounts in 2024. It was opened as part of a broader case connected to Entain’s former operations in Turkey and allegations against the company’s former executives, dating back to when the firm operated as GVC Holdings. Between 2011 and 2017, while trading under the GVC name, Entain ran a Turkey-focused business called Headlong Limited. In 2019, HM Revenue and Customs (HMRC) opened an investigation into “potential corporate offending” at this entity. HMRC, the UK’s national tax authority, raised concerns that adequate anti-bribery and anti-corruption procedures were not being implemented at Headlong. The inquiry ultimately resulted in Entain entering a £615 million deferred prosecution agreement (DPA) with the Crown Prosecution Service (CPS), made up of a £585 million financial penalty, a £20 million charitable donation, and £10 million to cover authorities’ investigation costs. In February 2023, Entain released its full annual accounts for the 2022 trading year. The group reported 11% growth in net gaming revenue, boosted by that year’s FIFA World Cup, and later lifted its 2023 EBITDA guidance to a range of £985 million to £995 million. The FRC subsequently questioned whether KPMG’s audit of these 2022 financial figures had fully accounted for any potential liabilities tied to the former Turkish business. It has now, however, concluded that KPMG did not commit any wrongdoing. “After reviewing all evidence gathered during the investigation and considering every relevant factor, the FRC’s Executive Counsel has decided not to pursue enforcement action,” the regulator’s statement said. “Therefore, in line with Rule 146 of the AEP, Executive Counsel has determined that the respondents to the investigation are no longer subject to enforcement action. As a result, the case has been closed.” A spokesperson for KPMG UK said: “We are pleased the investigation has concluded with no sanctions, and we remain committed to delivering consistent, high-quality audit work.” Upcoming Turkey-linked trials GVC officially rebranded as Entain in December 2020. This change followed the resignation of Kenny Alexander as Chief Executive Officer in July 2020, and the resignation of Lee Feldman as Chairman in March 2019. Alexander, Feldman, and five other former GVC executives are scheduled to stand trial at Southwark Crown Court on 14 February 2028. All seven face charges of fraud, bribery, and perverting the course of justice. Entain’s leadership team has changed drastically since Alexander and Feldman departed. After Alexander left the role, he was replaced as CEO by Shay Segev, who previously served as the company’s Chief Operating Officer. Segev held the CEO position for six months before resigning in January 2021 and leaving the company that June. He later became CEO of sports streaming platform DAZN, where he leads the platform’s expansion into the betting and gaming sector. Jette Nygaard-Andersen, who had served as a Non-Executive Director at the firm since 2019, then took over the CEO role. She held the position for more than four years before stepping down in December 2023. The role was then filled by Stella David on an interim basis starting in January 2024, before Gavin Isaacs took the top job between September 2024 and February 2025. David has returned to lead the company on a permanent basis since April 2025. Entain’s new leadership maintains that the company has put significant distance between itself and the 2010s-era GVC that was led by former CEO Alexander and former Chairman Feldman. For example, Barry Gibson, who served as Entain’s Chairman between 2020 and 2024, has stated that “the group has changed immeasurably since these events took place”, referring to Headlong’s 2010s Turkish operations. The company has still felt the impact of the legal developments and investigations, however. The £615 million DPA had a major effect on Entain’s 2023 finances, with the firm recording a £900 million loss that year. These developments also likely contributed to the company reaffirming its 2023 commitment to only focus on regulated and soon-to-be regulated markets, a promise first made in November 2020 just before the GVC rebranding was announced. 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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Sportingtech Unveils Brand-New Offering for the World Cup

7 4 月, 2026

(AsiaGameHub) -   Sportsbook provider Sportingtech has enhanced its offerings in preparation for the 2026 FIFA World Cup by introducing several new widgets designed to boost user engagement. The new additions include an Events Widget, a Groups Widget, and a Long-Term Bets Widget, all tailored to cater to the enthusiastic football audience as the tournament approaches. The Events Widget provides a comprehensive overview of match markets, improving the user experience from initial discovery to placing a bet. The Groups Widget, meanwhile, offers users detailed information on group fixtures and participating teams. The Long-Term Bets Widget provides direct access to outright and tournament special bets. Sportingtech stated that the objective is to prominently display key markets for players, thereby reducing friction in the betting process and enabling operators to benefit from increased bet volumes. Data cited by Sportingtech to support the launch of these specialized widgets indicates that 80% of player attention is concentrated above the fold, and strategic placement of widgets can increase engagement by up to 500%. With the 2022 World Cup generating approximately $35 billion (£26.3 billion) in total wagers, and FIFA expanding this year's tournament to 104 matches, there are even greater commercial opportunities available, which can be leveraged through smart widget positioning. All of Sportingtech’s widgets have been developed with a mobile-first approach, featuring a customizable front-end user experience to accommodate the specific needs of each operator. Tommy Molloy, Chief Product Officer at Sportingtech, commented: “The World Cup represents the most significant commercial opportunity in the sports betting calendar. Our operators deserve a product that meets this occasion.” “Through our close collaboration with our partners, we have gained a deep understanding of their requirements. These widgets were developed based on those discussions, aiming to reduce friction, highlight the most relevant markets, and deliver an experience optimized for the tournament. “The surge of casual bettors during the World Cup presents a valuable retention opportunity. The operators who succeed will not be those who are the loudest, but rather those whose user experience encourages players to return.” For more stories like this, visit the new SBC Media YouTube Channel, the central hub for multimedia content covering the sports betting, iGaming, affiliate, and payments industries. 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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Optimove acquires Smartico to enhance ‘positionless marketing’ for iGaming

7 4 月, 2026

(AsiaGameHub) -   Optimove has finalized an agreement to purchase Smartico, aiming to boost its 'positionless marketing' offerings for iGaming clients. The deal, announced on Easter Monday (6 April), positions Optimove to become a worldwide frontrunner in both CRM marketing and gamification. The acquisition is particularly important as it will improve Optimove's specialized services for the global iGaming industry. Leadership aims to bolster its marketing platforms for a market forecast to be worth $185bn (£140bn) by 2033. As explained to the media: “Optimove pioneered CRM marketing for iGaming, establishing the category and growing the market. Over the years, Optimove observed competitors entering the field. One company was exceptional. Smartico introduced the combination of gamification and CRM marketing to the iGaming sector.” Founded in 2019 by CEO Arman Gal and Yuval Mechoullam, Smartico has developed an all-inclusive CRM platform for iGaming operators. This system encompasses automation, gamification, free-to-play mini-games, bonus engines, jackpots, and risk modeling. Smartico remains autonomous According to the agreement's terms, Smartico will keep operating as a completely independent entity. It will retain its current leadership, product development plans, and customer service. Optimove stressed that Smartico's existing clients will experience no interruption, as the company preserves its commercial and operational independence. Gal highlighted that the deal was designed to maintain Smartico's autonomy while creating new avenues for growth: “Since its inception, Smartico was founded with a clear goal: to make player engagement more dynamic, rewarding, and effective for operators. Aligning with Optimove confirms that vision, but crucially, it does not alter our identity. “We continue to be fully independent, with unchanged leadership, the same strategic roadmap, and an unwavering dedication to our clients. This partnership provides us with greater scale—access to more resources, broader reach, and enhanced capacity to innovate rapidly in an increasingly complex market.” Gal further stated that the synergy between the two firms would enable Smartico to speed up the development of its gamification and real-time engagement products, all while remaining a direct competitor in the CRM arena. Optimove shows hand At the Optimove Conference in London this March, Founder and CEO Pini Yakuel told SBC the company was putting the finishing touches on a “seismic M&A deal for iGaming partners,” scheduled for announcement in the following weeks. The Smartico acquisition marks Yakuel's sixth M&A transaction as founder. This follows Optimove's $75 million strategic funding round, which enabled the integration of various technologies such as Adact (gamification engine), Graphyte (personalization), Kumulos (messaging), Axonite (marketing data), and DynamicMail. Elaborating on the reasoning for the purchase, Yakuel pointed out that Smartico was unique among numerous CRM rivals: He said: “What stood out to us about Smartico wasn't only their product, but their company's foundation. Similar to us, they bootstrapped, maintained discipline, and concentrated intensely on providing tangible value to operators. In a market filled with followers, Smartico developed something truly innovative—integrating gamification into CRM as a central driver for engagement. “This isn't merely consolidation to grow larger. It's about supporting a company that helped define the same market category from a distinct perspective. We carved out one route into iGaming CRM, and with Smartico, we are fortifying another. That is the evolution of the market.” Yakuel added that this deal aligns with Optimove's long-term plan to broaden its “positionless marketing” concept. The strategy involves incorporating complementary technologies while preserving competitive dynamics within the industry. Want to hear more stories like this? Check out the new SBC Media YouTube Channel, the new home of all things multimedia at SBC, where our team deep-dives into the biggest stories from across the sports betting, iGaming, affiliate and payments industries. . 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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SOFTSWISS Introduces Fixed-Odds Prediction Markets

7 4 月, 2026

(AsiaGameHub) -   SOFTSWISS has expanded into the prediction markets space with a new B2B offering that unlocks fixed-odds, event-based wagering. By removing peer-to-peer exchange mechanics, operators can directly engage audiences outside the scope of traditional sportsbooks by letting them wager on real-world events spanning politics, economics, technology, and other topics. This fixed-odds framework does not depend on external liquidity or market-based pricing, so it gives operators greater control over their pricing and margins while utilizing a familiar risk management structure. Operators looking to integrate this product can do so via a standalone iFrame widget or directly through the SOFTSWISS Sportsbook. Existing SOFTSWISS customers can launch the solution in roughly two to three days, while new customers will take up to three weeks to go live. Alexander Kamenetskyi, Head of Operations at SOFTSWISS Sportsbook, shared: “For most operators, the real question isn’t whether prediction markets are compelling, but how to integrate them into an existing tech stack without completely rebuilding systems around exchange mechanics. “A fixed-odds model makes this far more practical. It lets operators test this demand using familiar risk and compliance frameworks, while also opening access to audiences who don’t typically engage with traditional sports betting behaviors.” Prediction markets have seen explosive growth in popularity over the past few years, with the largest surge in the United States driven by Kalshi and Polymarket – the two leading platforms in this sector. Unlike traditional sports betting offerings, participants wager against one another to predict the outcome of events ranging from global elections to the specific trick a mascot will perform during an NFL game. U.S. trading volume neared the $50 billion (£38 billion) mark in 2025, up from just $300 million the previous year. This lucrative commercial opportunity has led several major players in the gambling industry to expand into prediction markets, most prominently Flutter Entertainment’s FanDuel Predicts and DraftKings’ dedicated offering. SOFTSWISS is not the first B2B company to enter this space. Just last week, Malta-based sportsbook solutions provider BETBY announced its own expansion into prediction markets, demonstrating that despite ongoing controversy in the sector, it is attracting significant commercial interest. Olga Resiga, Chief Business Development Officer at SOFTSWISS, added: “We are seeing a growing player demographic. Prediction markets are not just an extension of sportsbooks – they bring in entirely new audiences who have never engaged with traditional betting products. “Their motivations differ: users are driven by their knowledge of global events rather than sports fandom. Paired with the constant flow of news and public discourse, this creates a more consistent engagement layer. Operators who underestimate this shift risk missing out on both consumer demand and a new wave of market participants.” 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.