Highlights:WellCare Today brings established RPM, RTM and CCM infrastructure with wearable technology integrations and connected monitoring solutionsCombination expected to integrate Wellgistics Health recently announced MSO initiative with Kare Clinicals and its network of 6,500+ independent pharmaciesProposed platform designed to enhance patient engagement, medication adherence, remote monitoring and longitudinal care coordinationProposed transaction valued at approximately $15 millionStrategic initiative intended to create additional clinical revenue opportunities for participating pharmacies and providersTAMPA, FLA., May 15, 2026 - (ACN Newswire via SeaPRwire.com) - Wellgistics Health, Inc. (NASDAQ:WGRX) ("Wellgistics" or the "Company"), a leading healthcare technology and pharmaceutical distribution company, today announced that it has executed a non-binding letter of intent ("LOI") to acquire WellCare Today. The proposed transaction structure includes a structured cash payment of $3 million, with the balance to be satisfied through a performance-based earnout issued in preferred stock.WellCare Today is a healthcare technology and remote monitoring company focused on chronic care management ("CCM"), remote patient monitoring ("RPM"), and remote therapeutic monitoring ("RTM") programs. The company delivers HealthAssist®, an advanced remote health monitoring platform embedded within standalone Samsung Galaxy Watch devices as part of its broader Health Monitoring & Emergency Support Ecosystem. The platform enables passive, continuous monitoring of key health metrics including heart rate, blood oxygen levels, temperature, sleep patterns, activity tracking, and self-reported medication adherence through Medicare-reimbursable RPM and RTM programs. No assurance can be given that any particular patient, provider, pharmacy, service, device or workflow will qualify for reimbursement.Under the proposed transaction structure, Wellgistics Health intends to integrate WellCare Today's HealthAssist® platform and RPM, RTM and CCM capabilities with the Company's recently announced MSO pilot collaboration involving Kare Clinicals, a division of Kare PharmTech, LLC, as well as its network of more than 6,500 independent pharmacies. The combined infrastructure is intended to support scalable patient engagement, medication adherence initiatives, longitudinal monitoring programs, chronic disease management, and enhanced care coordination workflows across provider and pharmacy channels utilizing connected wearable technologies and remote monitoring infrastructure.The proposed transaction is also expected to create opportunities for participating pharmacies within the Wellgistics Pharmacy Network to engage in clinical service programs associated with RPM, RTM and CCM initiatives, while enabling providers to access scalable care coordination, monitoring, and reimbursement infrastructure. The companies believe the proposed collaboration may establish a more connected healthcare ecosystem aligning patients, pharmacies, providers, wearable technologies, and longitudinal care coordination services through technology-enabled engagement and remote monitoring platforms.The LOI is non-binding, and completion of the proposed transaction remains subject to customary due diligence, negotiation and execution of definitive agreements, board approvals, financing considerations, and other customary closing conditions. There can be no assurance that a definitive agreement will be executed or that the proposed transaction will be completed as currently contemplated, or at all.About Wellgistics Health, Inc.Wellgistics Health (NASDAQ:WGRX) is a health information technology leader integrating its proprietary pharmacy dispensing optimization artificial intelligence platform EinsteinRx™ into its blockchain-enabled smart contracts platform PharmacyChain™ to optimize the prescription drug dispensing journey. Its integrated platform connects more than 6,500 pharmacies and 200+ manufacturers, offering wholesale distribution, digital prescription routing, direct-to-patient delivery, and AI-powered hub services such as eligibility verification, onboarding, adherence support, prior authorization, and cash-pay fulfillment designed to improve patient access and transparency across the prescription ecosystem.About WellCare Today, LLCWellCare Today is a healthcare technology company delivering HealthAssist®, an advanced remote health monitoring platform embedded within standalone Samsung Galaxy Watch devices as part of its comprehensive Health Monitoring & Emergency Support Ecosystem. HealthAssist® enables passive, continuous monitoring of key health metrics including hourly heart rate, hourly blood oxygen levels, temperature, daily steps, sleep patterns, and self-reported medication adherence. Integrated with Remote Therapeutic Monitoring (RTM) and Remote Patient Monitoring (RPM) programs reimbursable by Medicare, HealthAssist® delivers an affordable, scalable solution designed to support seniors and individuals managing chronic health conditions.All RPM, RTM, CCM and related care-coordination services are expected to be furnished, supervised, documented and billed by appropriately licensed providers and participating entities in accordance with applicable federal and state healthcare laws, Medicare and payor requirements, fraud and abuse laws, privacy and data-security requirements, and professional practice rules. The Company does not provide medical advice through this press release, and participation in any program will be subject to applicable clinical, contractual, regulatory and reimbursement requirements.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable federal securities laws. Forward-looking statements include, without limitation, statements regarding the proposed acquisition of WellCare Today, LLC; the anticipated structure, valuation, consideration, preferred-stock terms and potential timing of any transaction; the Company's ability to complete due diligence, negotiate and enter into definitive agreements, obtain board approvals, secure financing, satisfy closing conditions and complete the proposed transaction; the potential integration of WellCare Today's platform, technology, personnel, programs and workflows with the Company's MSO, pharmacy network, provider and healthcare technology initiatives; the potential use of HealthAssist® and connected wearable technologies in RPM, RTM, CCM, medication adherence, patient engagement and care-coordination programs; the potential participation of pharmacies, providers, patients and payors; the potential availability of reimbursement for RPM, RTM, CCM or related services; the potential creation of revenue opportunities; and the Company's growth strategy, business plans and future performance.Forward-looking statements may be identified by words such as "may," "could," "would," "should," "expect," "anticipate," "believe," "intend," "plan," "project," "estimate," "potential," "opportunity," "target," "forecast," "continue," "will" and similar expressions. These statements are based on current expectations, assumptions and estimates and are subject to risks and uncertainties, many of which are beyond the Company's control. Important factors that could cause actual results to differ materially include, but are not limited to: the risk that the parties do not enter into definitive agreements; the risk that the letter of intent is terminated or does not result in a completed transaction; the risk that the proposed valuation, consideration, preferred-stock terms or other transaction terms change materially; the risk that required financing, board approvals, third-party approvals or regulatory approvals are not obtained on acceptable terms or at all; the risk that Nasdaq shareholder approval or other Nasdaq requirements may apply depending on the final transaction terms; the risk that acquired technologies, programs or operations are not successfully integrated; the risk that anticipated benefits, synergies, provider adoption, pharmacy participation, patient engagement, reimbursement or revenue opportunities are not realized; risks associated with healthcare regulation, Medicare and payor requirements, fraud and abuse laws, privacy and data-security requirements, professional practice rules, device performance, third-party technology dependencies and changes in reimbursement policy; and other risks and uncertainties described in the Company's filings with the U.S. Securities and Exchange Commission.Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.Wellgistics Media & Investor ContactMedia: media@wellgisticshealth.comInvestor Relations: IR@wellgisticshealth.comSOURCE: Wellgistics Health, Inc. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
LONDON, May 14, 2026 - (ACN Newswire) - Asset Value Investors Limited (“AVI”) has submitted shareholder proposals on one of AVI Japan Opportunity Trust’s (“AJOT”) portfolio companies, Wacom Corporation (TSE: 6727, “Wacom”) calling for board changes ahead of Wacom’s upcoming Annual General Meeting in June. AVI, Wacom’s largest shareholder on behalf of all the portfolios it manages, is seeking the dismissal of two directors and the appointment of one external director.
Alongside these proposals, AVI has disclosed additional material on its Wacom campaign, including a detailed presentation on an updated dedicated website (www.DrawWacomsFuture.com).
Since initiating its investment in Wacom in August 2021, AVI has sought various forms of engagement aimed at enhancing the company’s long-term corporate value as Wacom’s largest shareholder. However, the Branded Business, one of Wacom’s principal business segments, fell into loss from FY2023/3 onwards, and business growth has stalled amid the implementation of large-scale restructuring measures. Furthermore, AVI has serious concerns regarding Wacom’s governance framework in light of the recently announced inappropriate acquisition of a company represented by one of Wacom’s own outside directors, despite the absence of tangible business synergies with Wacom, as well as the improper use of corporate resources, including the provision of preferential treatment to the children of the company representative director, Mr Ide.
In light of these circumstances, AVI, as the company’s largest shareholder and a long-term investor on behalf of all the portfolios it manages, publicly launched a campaign last year to support sustainable improvements in corporate value. This year, AVI has decided to publish additional materials and submit shareholder proposals at the upcoming annual general meeting, as follows:
- Appointment of one outside director
- Dismissal of two directors (the Representative Director and one outside director)
Kaz Sakai, Head of Japan Research at AVI, commented as follows:
“Wacom has demonstrated serious deficiencies in governance oversight. These include the acquisition by Wacom of a loss-making company represented by Mr Nakajima, one of its own external directors, for more than ten million dollars, the subsequent transfer of Mr Nakajima into an internal director role, and conduct by Mr Ide, Wacom’s Representative Director and CEO, that can only reasonably be viewed as a conflation of personal and corporate interests, together with a board that has tolerated such behaviour.”
“Wacom must restore the proper functioning of its governance framework without delay. In addition to proposing the dismissal of Mr Ide and Mr Nakajima, whom AVI has concluded are central to these governance failures, AVI has also nominated a candidate for outside director capable of strengthening governance and management. We are confident that, through the board structure recommended by AVI and the implementation of operational improvement measures, Wacom can further reinforce its position as the global market leader in the graphic tablet business.”
About Asset Value Investors (AVI):
AVI is an investment management company established in London, United Kingdom, in 1985. AVI has invested in Japanese equities for more than 40 years. AVI manages AVI Global Trust (AGT) and AVI Japan Opportunity Trust (AJOT) and other funds, collectively investing Y180bn into the Japanese market. AGT and AJOT are public companies whose shares are listed and traded on the main market of the London Stock Exchange.
AVI is a signatory to Japan’s Stewardship Code and is committed to constructive engagement with management teams and boards of its portfolio companies, with the aim of contributing to sustainable growth and enhanced enterprise value.
AVI’s holding in Wacom on behalf of all its funds is 13.8% making AVI the largest shareholder (as of 30 April 2026). Wacom is a 5.5% holding in AJOT.
Media Contacts:
KL Communications, AVI@kl-communications.com
+44 (0)20 3882 6644
Ashton Consulting, avijapanpr@ashton.jp
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS Reach:
https://www.londonstockexchange.com/news-article/AJOT/avi-urges-the-dismissal-of-two-directors-at-wacom/17592170
(AsiaGameHub) - Asian gamblers are flocking to the subtropical South Korean island province of Jeju, driving a top casino operator to post record-breaking quarterly profits.
Share prices in Lotte Tour Development surged by over 7% on May 14 following the company’s announcement of all-time-high quarterly operating profits of nearly $105 million.
This represents a year-on-year increase of 2.5 times in profit growth, according to Star News, a South Korean media outlet.
Growth has been fueled by rising casino revenues and increased visitor numbers, both up approximately 40% compared to the same period last year.
Unnamed industry experts told the outlet that the hold rate at the firm’s flagship property, the Jeju Dream Tower Resort, reached 22.6% in April.
This figure places the casino close to the performance level of some of Asia’s leading venues. The experts noted that the average hold rate for major casinos in Macao’s Cotai district stood at 26.1% in 2025.
They added that these Macao casinos continue to deliver among the highest returns globally.
Hotel occupancy during the off-season also improved, with foreign guest arrivals increasing. It is important to note that all casinos on Jeju Island admit only foreign passport holders.
Lotte Tour Development share prices on the Korea Exchange over the past five days. (Image: Google Finance)
Asian Gamblers Head for Jeju?
The casino operator reported that concerns about global conflicts and potential economic downturns have not impacted its income performance.
“Despite worries surrounding the situation in the Middle East and the challenges posed by the off-season, we have demonstrated explosive profit growth alongside record-high sales in the first quarter,” stated a spokesperson for Lotte Tour Development.
“As the tourism season approaches, we anticipate this year’s annual results will show a significant leap forward,” the spokesperson added.
In 2023, more than 2.24 million foreign tourists visited Jeju Island—an increase of 18% from 2022.
Chinese travelers accounted for over two-thirds of international visitors as total tourist numbers approached 14 million.
In response, the South Korean government approved plans to construct a second international airport.
The new terminal in Seogwipo will be substantially larger than Jeju International Airport.
Officials confirmed the project in 2024, noting that the new facility will include a runway capable of accommodating large aircraft such as the 853-seat Airbus A380.
Police Issue Warning
The rise in gambling activity on Jeju has sparked complaints about a surge in crime. Several murders have occurred at hotels located near casinos on the island, with police indicating that most involve Chinese nationals.
Detectives also report that illegal currency exchanges are targeting Chinese gamblers in Jeju. Many of these unregulated operators claim they can assist casino winners in transferring funds back to Mainland China.
However, law enforcement warns that some of these exchanges are operated by fraudsters who steal clients’ money.
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(AsiaGameHub) - Colorado and Arizona both reported declines in sports betting handle for March. Despite the drops, revenue remained strong as sportsbook hold increased.
Arizona saw residents wager a total of $836.9 million on sports in the month, down from $887 million last year, a 5.7% decrease, as reported by the state’s Division of Gaming.
Hold, however, was 9.27%, leading to revenue of $70.85 million. After free bet deductions, the state collected $4.8 million in tax revenue, almost double the $2.5 million collected in March 2025.
In Colorado, it was a similar story. The betting handle fell from $618 million to $560.9 million, a 9% decline. Yet, similarly, the state collected double the tax revenue, up from $2.16 million to $4.39 million.
March Madness Results Drive Hold Increase
Last year, March Madness saw several top seeds advance deep into the tournament, which led to high payouts for bettors. The month had an unusually low hold across the board for sportsbooks of around 6%.
This year, however, results were more sportsbook-friendly with strongly fancied teams such as Florida, Wisconsin, and Kansas suffering upset defeats. These would have been parlay busters for many bettors.
In Arizona, the Wildcats would have been well-backed to go all the way, but disappointed Arizonans in the Final Four. The team also failed to cover some large point spreads as the tournament progressed, leading to losses for fans backing them to win big.
Sportsbooks across the industry have been trending toward 9-10% hold as they increasingly focus on parlays to drive revenue.
Is Handle Drop a Trend or Blip?
The concern for states such as Colorado and Arizona is that sports prediction markets are eating into their betting handles. Arizona has been particularly aggressive in pursuing operators, claiming they run illegal betting sites and fail to pay state taxes.
Kalshi saw almost $14 billion in volume in March, compared to just $1.2 billion last year. The company was just launching into sports in 2025 and has significantly expanded its market reach and advertising this year.
Sportsbooks continue to claim they are not seeing a significant impact from users shifting to prediction markets.
In both Colorado and Arizona, around 99% of all sports wagers were placed online. States with no legal online sports betting are likely to see the highest activity.
New Mexico tribes filed a lawsuit this week against Kalshi to protect sports betting in the state, which is legal only through in-person wagers at tribal casinos.
Colorado Lawmakers Pass Bill Restricting Sportsbooks
While states with restrictive markets, such as New Mexico, are likely to see residents turn to prediction markets, lawmakers also want to control what many see as a predatory industry.
In Colorado, the legislature approved a bill that imposes a range of restrictions on sportsbooks. Bill S26-131 aims to offer users “protections against abusive practices in sports betting.”
The legislation would prohibit betting companies from:
Accepting more than 6 separate deposits from an individual in a single day
Initiating or sending push notifications or text messages to account holders soliciting bets or deposits
Targeting or creating advertising content that is clearly meant for persons under 21 years old
Accepting credit card deposits
Author of the book “Everybody Loses: The Tumultuous Rise of American Sports Gambling”, former Colorado resident Danny Funt told CasinoBeats that the state has made many mistakes in regulating sports betting. Initially, it was liberal in issuing licenses, but most companies went out of business or left the state.
It remains to be seen whether the changes included in this new bill will have a positive effect. It is also difficult to tell what a positive effect would be. For some, a higher betting handle suggests a thriving market; for others, it shows there are not enough checks and balances on betting companies.
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(AsiaGameHub) - The Buffalo Sabres are set to host the Montreal Canadiens in Game 5 of the NHL Eastern Conference semifinals this evening. The game begins at 7 p.m. ET and will be broadcast live on TNT and truTV.
We’ve compiled all the key odds, predictions, and picks for you. DraftKings has the Sabres as a -122 favorite at home, with a total set at 5.5. While 53% of the moneyline wagers are on the Canadiens, 63% of ticket sales favor Buffalo.
Best Bet: Canadiens vs. Sabres OVER 5.5 (-130)
With the series level at 2-2, Buffalo now holds home-ice advantage. They secured a 3-2 victory in Montreal on Tuesday to tie the series. Three out of the first four games have gone over the total of 5.5. In the most recent matchup, when the total was set at 6.5, the UNDER was hit for the first time.
This series continues to feature high-scoring action, with ample offensive chances for both teams. Montreal fired 31 shots on goal against Ukko-Pekka Luukkonen, who replaced Alex Lyon in net for Buffalo during Game 4. Luukkonen, who is expected to start again tonight, may once again face a heavy barrage of shots. We’ll see if he can rise to the occasion. Overall, his postseason performance hasn’t been strong, posting a 3.37 goals-against average and .870 save percentage across three starts.
Offensively, Buffalo has regained effectiveness on the power play. The Sabres scored with man-advantage goals from Tage Thompson and Zach Benson in Game 4. They are now 5-for-16 on the power play against the Canadiens.
Pick: OVER 5.5 (-130)
Best Player Prop for Montreal Canadiens
Cole Caufield OVER 0.5 Goals (+175)
Cole Caufield (seen above competing with Alex Ovechkin) delivered with a goal in Game 4. It might finally be his turn after scoring in consecutive games. Prior to that stretch, he had gone five straight games without finding the back of the net.
Expect Montreal to come out aggressively tonight, and for their top scoring threat to make an impact again in Game 5.
Best Player Prop for Buffalo Sabres
Josh Doan OVER 0.5 Points (-115)
Josh Doan has emerged as the primary playmaker against the Canadiens. He enters tonight’s game riding a five-game point-scoring streak.
Five of Doan’s six points against Montreal have come as assists, highlighted by two helpers in Game 4. Additionally, he has recorded at least one assist in every game so far against the Habs.
It would not be surprising to see him contribute again in Game 5.
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(AsiaGameHub) - A code of good practice for prize draw operators will be introduced in the UK next week. However, before its implementation, these competitions are under fire for allegedly failing to provide participants with protections comparable to those found in regulated gambling.
Under current UK law, prize draws are not considered gambling if they include a free-to-enter option. As a result, operators do not need a license to run contests offering prizes ranging from cars and homes to holidays and cash. The UK government previously described the sector as one where “prize draws are a significant and growing market.”
Research from 2023 indicated that the UK prize draw market generates annual revenue of £1.3 billion, involving 7.4 million adult players and over 400 operators.
What is the New Code?
Companies may voluntarily adopt the new code, which must be fully implemented by May 20. It includes several key provisions:
Age Restrictions: Operators must restrict participation to individuals aged 18 or older and implement age verification measures.
Spending Caps: Credit card payments should be limited to a maximum of £250 per month per player.
Harm Monitoring: Operators are expected to make “reasonable efforts” to monitor user activity for signs of compulsive behavior and offer tools such as “cooling-off” periods or account suspensions.
Transparency on Odds: When feasible, operators should disclose the likelihood of winning (for example, by stating the maximum number of entries available).
Free Route Prominence: The “free entry” method must be presented as prominently as paid entry options, ensuring it remains a genuine alternative rather than an obscure workaround.
Close to 200 companies have signed up, including major operators such as Omaze, BOTB, and Raffle House. An Omaze spokesperson stated that the adoption of the code represented a “positive step toward raising standards across the industry.”
The company emphasized that it has long been committed to customer safety practices and expressed pride that many of its existing safeguards are now formally included in the sector-wide code.
Free Entry or Pay Hundreds of Pounds
One Omaze competition offers the chance to win a £3.5 million ($4.7 million) house along with £250,000 in cash. Although users can enter the contest at no cost, they also have multiple paid options that increase their chances of winning.
We contacted the company for further details about its policies and how the voluntary code would affect them. Instead of a direct response, we were added to their marketing email list and received an automated message featuring an “epic” winner’s story.
Omaze house competition
The company promotes itself as a mutually beneficial model: for every competition, it pledges to donate £1 million to charity. This means that even if participants do not win the grand prize, they still contribute to charitable causes.
Critics argue that the amount donated represents only a small portion of the total funds raised and suggest that people who wish to support charities should give directly rather than through third-party platforms.
“Omaze isn’t a scam. It’s more depressing than that,” wrote a critical Substack author back in 2023. The criticism centers on what they describe as “the implication that we need an incentive to act charitably, to act kindly, to help people, animals, the planet.”
Harm Monitoring Insufficient, Claims Addict
Others have raised concerns about inadequate safeguards against individuals who engage compulsively in prize draw games.
The BBC highlighted the case of Lisa, a self-described prize draw addict who accumulated thousands of pounds in debt due to her involvement in these competitions.
“You win £20 credit and £30 instant win prizes, and it keeps you going and feeling, ‘Oh, this is fun.’ It’s like when you play a slot machine,” she explained.
She admitted to investing “everything” she had into her habit—mirroring patterns commonly reported by gambling addicts.
“It looks like a real grey area that’s being exploited,” said Dr. Matt Gaskell, a consultant at the NHS Northern Gambling Service.
“It’s becoming something that more and more staff are mentioning. That’s why we think there needs to be tougher laws and regulations,” he added.
Similar calls for stricter oversight have emerged within the broader gambling industry, where companies have faced accusations of intentionally fostering problem gambling and neglecting player protection.
The UK government has indicated that should this voluntary self-regulation prove ineffective in reducing harm, it may pursue formal legislation to bring the prize draw sector under the scope of the Gambling Act.
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(AsiaGameHub) - The government of Hong Kong is set to bring pinball and claw machines under the jurisdiction of its gambling laws.
The Hong Kong Home and Youth Affairs Bureau has submitted a proposal to the Legislative Council, advocating for the implementation of a mandatory device licensing system. This would limit the number of arcades permitted to operate pinball and claw machines and require licensed venues to undergo regular supervisory checks.
If these establishments are required to comply with Hong Kong’s Gambling Ordinance, any arcade offering prize-based entertainment games may need to obtain similar permits.
Legislative Council member Kwok Fu-yung recently received numerous complaints from parents regarding pinball and claw machine centers. She noted that some businesses have opened near tutoring centers to attract young students, according to reports from China.com, a Chinese media outlet.
A player uses a pinball machine in a Hong Kong arcade. (Image: @babee_channel/YouTube/Screenshot)
A Pinball Craze Sweeps Through Hong Kong, Prompting Regulatory Action
In 2022, the Hong Kong High Court ruled that ordinary claw machines do not qualify as "entertainment devices" under current law and therefore do not require special permits. However, despite increased scrutiny and enforcement across Asia on claw machine centers, Hong Kong has seen a surge in popularity of pinball machines, prompting regulatory intervention.
While many claw machine arcades across Hong Kong report low customer traffic, pinball arcades are increasingly appearing in shopping malls—particularly those located near schools. After school hours, these pinball centers are often filled with young patrons wearing school uniforms, according to the media outlet.
Many popular pinball machines in Hong Kong award points to players who successfully land balls in designated holes. These points can be redeemed for prizes such as figurines, game consoles, and even high-end mobile phones.
Tang Ka-piu, Chairman of the Legislative Council’s Committee on Home Affairs, Culture and Sports, described the existing regulatory framework as overly "lenient." He pointed out that current rules allow centers to bypass age verification and impose no restrictions on operating hours.
Wider Crackdown on Claw Machines Across Asia
Tang explained that the proposed measures aim to balance support for local businesses with public concerns about the machines' potential impact.
The bureau emphasized its commitment to preventing what it calls "hidden gambling" and protecting young people from developing gambling addictions.
Last year, Thailand reclassified claw machines as "gambling equipment," warning that unlicensed operators could face up to two years in prison.
Similarly, South Korea—which had nearly 6,000 unstaffed claw machine centers as of August last year—has seen the number of such establishments grow by over 15% in just two years. South Korean high school students have told media they view the machines as a form of gambling, with some admitting to losing more than $100 in just 30 minutes at unstaffed centers.
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(AsiaGameHub) - The governor of Japan’s Aichi Prefecture has announced plans to build a major integrated casino-resort (IR) on an artificial island in hopes of establishing an international tourism hub. However, the chances of success may be slim.
According to the Japanese newspaper Mainichi Shimbun, Aichi Governor Hideaki Omura stated that the resort would serve as an “international tourism hub.”
The proposed site is located adjacent to Chubu Centrair International Airport, near the city of Nagoya.
Chubu operates flights to various Asian destinations, including Beijing, Seoul, Taipei, Manila, Hong Kong, Bangkok, and Shanghai.
Japanese Governor’s IR Dream
As the gambling market in Asia continues to expand, Tokyo has identified the IR sector as a key growth driver for the future.
The central government intends to approve three IR projects nationwide, with provinces required to submit their applications by the end of 2027.
However, opposition from local residents and anti-gambling advocates has led to a slow response.
So far, Tokyo has approved only one IR project: MGM Osaka, scheduled to open in 2030.
Aichi had initially considered submitting a bid in 2019 but suspended its efforts due to the coronavirus pandemic.
This year, however, Omura and his administration decided to revive the plan. Last month, the prefecture set a July 31 deadline for potential operators to submit bids.
Aichi aims to select a preferred operator between autumn 2026 and spring 2027.
Mainichi reported that since April, Aichi officials have been reviewing proposals from several operators.
A popular tourist attraction in Nagoya, Japan. (Image: Goh Win Nie)
Why Does Aichi Want to Build a Casino-Resort?
Omura’s initiative is reportedly driven by three main factors. First, no other regions besides Osaka have submitted proposals, meaning that if Aichi develops a strong plan before next year, it could face little resistance in gaining approval.
Second, attracting international tourists is a significant incentive for Aichi. The prefecture receives fewer foreign visitors compared to other major cities in Japan.
An increase in tourism, Omura believes, could help revitalize the local economy, which has suffered from population decline in recent years.
Lastly, Aichi is seeking stable funding sources. Officials expect revenue from the IR to provide substantial financial support, which could be used to develop medical and welfare policies.
Nevertheless, success remains uncertain, according to the newspaper.
Experts predict prolonged increases in construction materials and costs due to the “unstable international situation.”
This, along with other factors, has contributed to a “significant rise” in expenses related to Osaka’s IR project, they say.
Therefore, concerns persist within Aichi about whether reputable domestic or overseas businesses will be willing to undertake the “enormous initial investment” required to build an IR in the region.
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(AsiaGameHub) - The Commodity Futures Trading Commission (CFTC), a leading U.S. financial regulator, announced its collaboration with Major League Baseball and other major sports leagues to combat insider trading in prediction markets.
The agency pledged to partner with sports organizations to identify suspicious trading activities and take action against attempts to manipulate sports-related contracts on platforms such as Kalshi and Polymarket.
The CFTC has already established a memorandum of understanding with MLB, according to the agency’s chairman Michael Selig. Selig made the announcement during this year’s Financial Industry Regulatory Authority conference, as reported by CoinDesk.
“We are currently engaged in discussions with all professional sports leagues,” Selig added.
Selig also rejected claims that sports prediction markets were merely a modern version of casino gambling.
“These are distinct products governed by parallel regulatory frameworks,” he stated.
CFTC: Insider Trading Will Be Prosecuted
Selig has been vocal about regulating prediction markets. Earlier this month, he responded publicly to critics in a letter to the Wall Street Journal, refuting allegations that insider trading is widespread on these platforms.
“Claims that our insider trading rules are less defined than others are entirely false,” he wrote. “The CFTC remains a vigilant overseer of prediction markets.”
He cautioned that efforts to “drive regulation out” could push prediction markets offshore, where they would operate without oversight or standards.
“These markets deliver substantial benefits to individuals, businesses, and the broader economy,” Selig emphasized. “We are committed to maintaining their integrity and supporting their growth.”
His remarks followed an op-ed in the Wall Street Journal that characterized prediction market contracts as “old-fashioned betting.”
The article noted that approximately 90% of activity on Kalshi is related to sports.
An MLB game held at Bristol Motor Speedway in Tennessee. (Image: Brycenrichter)
Regulator Set to Clash With States
The CFTC is preparing for conflict with state governments. Lawmakers across several U.S. states continue advancing legislation aimed at banning prediction markets.
Earlier this month, Minnesota legislators approved a bill prohibiting various forms of prediction market activity, including those tied to sports.
Additionally, multiple tribes in New Mexico have filed a lawsuit against Kalshi, alleging the platform violates Indian gaming law by offering illegal gambling services.
Nevada has taken even stronger measures: in March, the state successfully obtained a court order that temporarily halted Kalshi’s operations in Nevada.
This ban was upheld and extended by a Nevada court last month.
The CFTC has signaled it will challenge states attempting similar restrictions. Selig warned that the agency would pursue legal action against any state seeking to ban prediction markets without federal approval.
“Under the Commodity Exchange Act, the CFTC holds exclusive jurisdiction over prediction markets,” Selig wrote. “While some may express skepticism toward innovative financial instruments, we remain steadfast in defending our authority and protecting it.”
The Long-Term Outlook
Last year, gaming consultancy Eilers & Krejcik projected that sports contracts would represent 44% of total volume on prediction markets over the long term.
The firm also forecasted that annual trading volumes could reach $1 trillion by the end of 2029.
Earlier this week, the New York Times reported that 80 accounts on Polymarket had exhibited suspicious betting behavior over the past two years.
The newspaper noted that these account holders had profited significantly from “dozens” of longshot bets, earning hundreds of thousands of dollars in cryptocurrency.
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(SeaPRwire) - 一位非犹太裔加拿大教授表示,他在社交媒体上捍卫以色列后遭到解雇,当时哈马斯10月7日的恐怖袭击后,反犹主义在加拿大迅速蔓延。保罗·芬林顿(Paul Finlayson)告诉 Digital ,他在圭尔夫-汉默大学(University of Guelph-Humber)失去工作,此前他曾对以色列大屠杀和绑架事件发表过强烈立场。2023年11月,芬林顿回应了一封来自海外教育工作者的领英消息,该人士声称“呼吁消灭以色列”。尽管发帖人后来删除了帖子及所有相关评论,《国家邮报》在2023年12月的一篇文章中引用了芬林顿的回复内容。“如果你说‘从河到海’,你就是纳粹。”芬林顿写道,“我并非中立。我支持以色列。我反对那些只想杀死犹太人的人——他们从教育和医疗预算中拿走数百万资金用于制造战争……你所说的‘支持巴勒斯坦’实际上意味着你站在希特勒一边。你并不追求和平,而是想要死掉的犹太人……他们屠杀了1400名无辜者并劫持了250名人质,而人们却将强奸犯和怪物视为英雄来庆祝。”自该言论发布以来,芬林顿称自己遭受了一场针对他的运动,严重影响了他的职业地位和就业机会。他表示,该校学生在他删除对话之前已经看到了他的领英回复,并因此引发争议。2023年11月27日,当他在办公室与学生会面时,一名行政人员在外等候,最终向他出示了一份停职通知书。由芬林顿提供的停职通知书中指出,因其“不当的在线评论”,他被“暂停职务以待调查结果”。通知书还要求芬林顿不得接触“任何系部员工、学生或大学其他成员”。芬林顿表示自己深受学生喜爱,在商学院教师评分中名列前茅。他说关于指控的谣言破坏了他的学术声誉,使他无法继续开发新课程和编写教科书。“我的审判是一场诽谤审判,而且这场诽谤仍在持续,”芬林顿形容这一“卡夫卡式”的局面。他称所属工会OPSEU Local 562拒绝代表其申诉。该工会未回应 Digital 的置评请求。2025年7月,芬林顿被校方正式解雇。他提供了终止合同通知书副本,其中指出:在一项“正式投诉歧视与骚扰”之后,调查员认定他的行为“违反了安大略省人权法典以及汉默学院人权与骚扰政策,并且构成上述两项规定下的报复行为”。汉默学院的骚扰政策明确表示:“任何试图或威胁对被投诉人或参与本政策下程序之人进行报复者,可能会受到纪律处分。”同一政策强调:“汉默学院保障并支持基于禁止性理由获得平等对待的权利”,其中包括反犹主义。圭尔夫-汉默大学未回应 Digital 关于芬林顿停职、调查和解雇过程的提问,也未说明该校学生及另一位教授的亲以巴言论是否违反汉默学院人权与骚扰政策。圭尔夫大学的“UofGforPalestine”Instagram账号自称由“支持巴勒斯坦的学生、教职员工组成”,曾分享带有哈马斯使用倒置红色三角形标志的图片。与美加两国一样,加拿大也将哈马斯列为恐怖组织。2024年11月,该团体在其Instagram账户上发布了关于圭尔夫某步行道上出现的断头台照片,画面中加拿大、美国和以色列领导人的头像被涂成红色。尽管标注为“匿名提交”,但帖子仍标明其“信息”为“帝国必亡,殖民主义和帝国主义必亡,战争机器必亡”。据芬林顿所述,正是这位曾对他提出指控的圭尔夫-汉默大学教授在自己的领英主页上发表煽动性言论,称以色列是“恐怖主义国家”,并表示世界“不可能同时拥有和平与以色列”。该教授未回应 Digital 的采访请求。相比之下,在加拿大其他地方,校园行动却带来了截然不同的结果:约克大学的三名工作人员因2023年11月被控“出于仇恨动机的破坏公物罪”而面临刑事指控——他们在书店张贴指责一名犹太首席执行官实施种族灭绝的照片,并用红漆泼洒店面——据《国家邮报》报道。虽然他们最初被停职,但目前至少已有两人出现在约克大学官网上。其中一位教授最近还于2026年冬季学期在该校授课。约克大学亦未就恢复涉事人员职位一事作出回应。自10月7日恐怖袭击事件发生以来,加拿大的反犹情绪急剧上升。四月,B’nai Brith Canada的人权联盟发布报告称,2025年全国共发生6800起反犹事件,较2024年增长9.4%;平均每天约18.6起,创该组织自开始统计以来的最高纪录。本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。
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(AsiaGameHub) - The British government is moving forward with plans to abolish NHS England, one of three administrative bodies responsible for overseeing funds generated from the statutory levy on gambling harms.
Yesterday, King Charles III delivered his annual speech outlining the Labour government’s legislative priorities for the remainder of the year. Among the bills announced was the NHS Modernisation Bill, which is expected to be introduced in the near future.
If enacted, the bill will dissolve NHS England—a body within the Department of Health and Social Care established by the previous Conservative administration to manage the planning, budgeting, and delivery of NHS services across English regions and local authorities.
The decision to scrap NHS England is not new; Keir Starmer’s government first proposed this move over a year ago, aiming to restructure the UK’s health system under a more streamlined framework designed to tackle pressing national health needs and regional inequalities.
Under the new plan, the Labour government intends to replace NHS England with Integrated Care Boards (ICBs) to oversee regional commissioning arrangements.
This broader reform of the NHS has coincided with the implementation of the statutory levy and a comprehensive overhaul of how problem gambling harms are addressed in the UK. Since April 2025, responsibility for these efforts has been shared between NHS England, the Office of Health Improvement and Disparity (OHID), and UK Research and Innovation (UKRI).
For what was once a well-established network tackling gambling harms—and especially for the charitable organisations in England that provide treatment funding to those affected—the abolition of NHS England has left several critical questions unanswered.
Drama surrounding the levy
Previously, GambleAware served as the primary commissioner for gambling research, education, and treatment (RET), managing the allocation and distribution of its finances. The organisation had long advocated for replacing the voluntary system with a mandatory one. However, it became a casualty of the new structure, as the government opted instead to designate NHS England, UKRI, and OHID as the commissioners of levy funds.
GambleAware subsequently ceased operations in March 2026. While various organisations—including those in NHS Scotland and Wales, along with OHID—have outlined their intended use of the funds, NHS England has not yet done so.
It remains likely that the responsibilities for administering the levy will fall to the newly established ICBs and regional commissioning bodies, but without clear funding commitments, stakeholders are left awaiting clarification.
Nevertheless, not all responses have been negative. GamCare, which operates the UK’s national gambling helpline, has stated it will collaborate with the government throughout this transition in NHS governance.
The organisation has already received £4 million in funding from OHID’s inaugural round of allocations.
Victoria Corbishley, Chief Executive of GamCare, commented: “We recognise the Government’s ambition to modernise health commissioning and bring decision-making closer to local communities.
“For people affected by gambling harms, ensuring continuity of access to support during any period of structural change will be vital. The initial phase of levy-funded commissioning has provided valuable insights into how services can be effectively coordinated and commissioned within a complex system.
“As one of the largest providers in the sector, offering services ranging from helplines and treatment to outreach and prevention, we possess direct experience of what functions well and where improvements are needed.”
Work continues…
Despite the ongoing debate around NHS England’s dissolution, the other two levy-commissioning bodies remain active. Today, UKRI announced it has allocated funding to establish the UK’s largest dedicated research centre focused on gambling harms.
The Gambling Harms Research UK Evidence Centre will foster collaboration among government agencies, healthcare providers, charities, and individuals with lived experience of gambling-related issues.
Research will be led by the Universities of Glasgow, Sheffield, Swansea, and King’s College London, focusing on policy development, clinical practice, and public understanding. Notably, Glasgow and Sheffield universities are frequently cited for their research into gambling’s societal impacts.
“Gambling harms can devastate individuals, families, and communities,” said Christopher Smith, Executive Chair of the Arts and Humanities Research Council.
“This new independent Evidence Centre represents a significant step toward building a robust, high-quality research foundation to guide better policies, prevention strategies, and treatments across the UK.
“Through the Gambling Levy, UKRI is helping to create a sustainable, credible, and independent research capability on gambling harms, grounded in research integrity and public benefit.”
NHS at the centre of Labour’s agenda
Despite these developments, the government’s timetable may face delays. As of publication, ministers appear preoccupied with internal challenges, particularly following a significant defeat in last week’s local elections that sparked unrest among backbench MPs.
Notably, the main challenger to Prime Minister Keir Starmer at present is Wes Streeting—who, as Health Secretary, has overseen the planned dismantling of NHS England. According to some observers, this process has encountered difficulties, much like other major government initiatives.
Yet for funding commissioners and beneficiary charities, the situation remains fluid.
GamCare’s Victoria Corbishley added: “With further commissioning decisions anticipated before April 2027, we believe there is an important opportunity to review the early rollout of the levy and ensure the next phase is built on the strongest possible foundations.
“We would welcome the chance to contribute our frontline experience and expertise to that process.”
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(AsiaGameHub) - Super Group—parent company of global brands Betway and Spin—has elevated senior executive Kirsty Ross to the role of Chief Operating Officer.
Ross takes over the COO position from Jason Kenny, who held the role since late 2024. It remains unclear what role Kenny will assume next, as he is no longer listed as a member of Super Group’s Executive Team.
The new COO has been with Super Group since October 2023, having previously served in other C-level roles including Chief People Officer and Chief of Staff.
Currently based in the UK, she previously held multiple positions in South Africa’s financial sector, including stints at the country’s Investec and Bank of America operations.
“I’m excited to announce that I’ve taken on the role of Chief Operating Officer at Super Group,” Ross stated in a LinkedIn post.
“Over the past couple of years, I’ve had the chance to collaborate closely with teams across the business, supporting our leaders, enhancing operational processes, and bridging the gap between strategy and execution. I’m eager to build on the solid foundations already in place.
“Super Group is a company driven by talented people, clear goals, and a global perspective. In this role, my focus will be on empowering our teams to operate efficiently, scale sustainably, and meet our long-term priorities.
“Thank you to my colleagues for their support, trust, and ongoing collaboration. I’m looking forward to what the future holds.”
Kirsty Ross. Credit: LinkedIn
Super Group gears up for a strong 2026
The leadership changes coincide with Super Group’s Q1 results announcement, which revealed increases in revenue, profit, and adjusted EBITDA—coming in at $612m (£452.3m), $86m, and $152m respectively.
In percentage terms, these metrics rose by 18%, 31%, and 26% respectively.
The Guernsey-headquartered firm uniquely split its results update into two segments: Africa (its largest market) and the rest of the world.
Despite the challenges facing many iGaming businesses right now, Super Group has shown resilience, and its leadership remains optimistic in the early part of 2026. Ross is one of several recent changes within the organization.
Neil Menashe, Chief Executive Officer of Super Group, commented during the company’s investor call: “We’re seeing significant efficiency gains right now. We’ve brought on Justin Stock—who previously served as our external counsel and helped guide the business to its current state—as our Head of Commercial and M&A.
“We have an excellent team at the C-suite level of Super Group, and throughout the rest of our organization, we have truly talented people.
“With our International and Africa segments, we’re strengthening these areas, but to grow and sustain that growth, it’s all about our people, our platforms, and the technology we use.
“We need top-tier talent to help us make these critical decisions—and that’s exactly what we’ve been doing so far, and now we’re taking this to the next level.”
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(AsiaGameHub) - Global interest in esports betting is expanding rapidly, according to DATA.BET, a leading sportsbook solutions provider focused on this sector.
DATA.BET anticipates that the overlap between gaming and betting audiences will continue to grow through 2026, largely due to rising demand for esports—a trend further supported by the firm’s latest data.
The company has reported increased player engagement during Q1 2026, particularly on its own platform, with total placed bets rising by 33.2% and combo bets surging by 72.1%.
This shift reflects users adopting more advanced betting strategies, though DATA.BET attributes part of the combo bet increase to enhancements in user experience, especially improvements to its Single Page Application iFrame.
“High margin efficiency has been a major driver this quarter,” stated Bohdan Holovnov, Head of Esports at DATA.BET.
“Partners are increasingly recognizing that esports can deliver significant commercial value, prompting them to expand promotional efforts and attract greater traffic to the vertical.
“This directly translates into more new users, higher turnover, and improved margins. At the same time, we maintain the most comprehensive coverage of matches and disciplines available, which is also evident in the swift growth of combo bets across our partner networks.”
Traditional bookmakers worldwide are naturally preparing for the World Cup.
However, the situation appears different in the esports space, where DATA.BET identifies Rocket League as the most promising discipline for betting—surpassing the FIFAe World Cup, which it acknowledges as typically being the year’s flagship event.
Rocket League experienced a quarter-over-quarter turnover increase of 85.3%, alongside an 18.7% rise in bet coins and a 50.1% uptick in active players. The platform also boasts a 94% live coverage conversion rate.
Additionally, DATA.BET found that top-tier esports events consistently outperform lower-tier events in terms of turnover, profit, and number of bets, although the volume of low-tier events continues to climb—particularly in CS2.
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TOKYO // Riverwoods, IL, May 14, 2026 - (JCN Newswire via SeaPRwire.com) - JCB and Discover® Network mark 20 years of collaboration, reflecting on two decades of working together to support reciprocal card acceptance and deliver more seamless, reliable payment experiences.Takayoshi Futae, Chairman & CEO of JCB, alongside Jason Hanson, President of Discover NetworkSince 2006, the companies have maintained reciprocal acceptance arrangements that enable Discover cardholders to use their cards across JCB’s acceptance network in Japan, and JCB cardholders to use their cards across Discover Network in the United States. While the payments industry continues to evolve at a rapid pace, this collaboration has contributed to the development and growth of both companies.Building on this remarkable partnership milestone, JCB and Discover Network will further collaborate to advance select initiatives that contribute to greater interoperability, efficiency, and consistency across both networks. As part of this enhanced cooperation, the companies will explore opportunities to streamline processes and reduce operational complexity, aiming to create an environment where existing and prospective partners worldwide can deliver secure, reliable, and seamless payment experiences more smoothly and quickly. JCB and Discover Network remain focused on delivering long-term value for stakeholders and the communities they serve.“Over the past 20 years, JCB and Discover Network have built a relationship based on trust and a shared focus on customer convenience,” said Takayoshi Futae, Chairman & CEO, JCB. “We appreciate this collaboration and look forward to continuing our work together.”“Discover Network is pleased to mark this milestone with JCB,” said Jason Hanson, President, Discover Network. “We value our longstanding relationship and will continue working together to support interoperable payment experiences.”JCB and Discover Network are pleased to continue to build on their relationship to achieve critical business objectives, while creating even better experiences to network stakeholders worldwide. About Discover NetworkDiscover® Network is an international acceptance network that provides global acceptance to cardholders of participating issuers from around the world. We empower intuitive checkout experiences with fast approvals and flexible transactions to help consumers pay how, when, and where they choose. Together with our partners Diners Club International® and PULSE®, our global network is accepted in more than 185 countries and territories.1 We process billions of transactions annually and deliver reliable, secure, and seamless payment solutions worldwide. 1 Internal Discover Transaction Data, leveraging the average of transaction data from 2023-2025For more information, visit DiscoverNetwork.comContactMarissa DavisEmail: marissa.davis@capitalone.comAbout JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 72 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 181 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ContactAnna TakedaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@info.jcb.co.jp Copyright 2026 JCN Newswire via SeaPRwire.com. All rights reserved. www.jcnnewswire.com
(AsiaGameHub) - The UFC is forging more sponsorship agreements with prediction markets, while Dana White claims President Donald Trump is failing traditional sports betting.
Coinciding with Kalshi's announcement of a deal with Nate Diaz, White dispatched a letter to Trump pressing the President to reverse tax modifications affecting gamblers.
Kalshi stated its arrangement with Diaz covers sponsorship of his fight shorts, billboards, and a joint social media campaign. Diaz is slated to display Kalshi branding during his comeback fight against Mike Perry this weekend.
Kalshi Deal Follows UFC-Polymarket Collaboration
This Kalshi-Diaz partnership comes after the UFC declared last November that competing platform Polymarket had become its “Official and Exclusive Prediction Market Partner.”
“Kalshi stepped up and showed love and support for me for this fight and my brand overall,” Diaz commented. “It’s good to be in business with them.”
“Nate Diaz ranks among the most genuine and fearless competitors in sports,” stated Valeria Vouterakou, counsel at Kalshi. “He is precisely the type of representative we want for our brand.”
Prediction markets are securing a growing number of partnerships with sports leagues, teams, and athletes. Beyond the UFC, these firms have allied with MLS, NHL, FIFA, MLB, and, most recently, LIV Golf.
UFC Relies on Betting, Says White
In his letter to Trump, White asserted that betting is vital to the UFC's survival, notwithstanding several prominent betting controversies.
White is urging the President to repeal the gambling tax adjustment enacted as part of Trump’s One Big Beautiful Bill Act last year. The new regulations permit bettors to offset just 90% of their losses against their winnings before being taxed on the balance.
While some legislators have pushed to overturn the rule, Trump has hesitated to endorse a rollback. White argued the new policy endangers Trump's “no tax on tips” stance because “gamblers will probably be less generous, if they wager at all.”
He further stated the change “renders betting in the United States illogical, as you might owe taxes despite losing or face a tax bill higher than your annual winnings.”
“The UFC backs a robust, legal sports betting market to boost fan engagement, broadcast value, and sponsorships,” White wrote in the letter, which was noted by prediction markets analyst Dustin Gouker.
“Discouraging legal betting damages the ecosystem we have built over years alongside state regulators and licensed operators. It also weakens the transparency and integrity safeguards that legal betting offers professional sports,” White said.
Betting Scandals & Rule Change Impact UFC
The UFC has recently experienced a drop in betting volume, potentially due to the tax change or recent betting scandals.
“We’ve observed a recent decline in the handle and betting activity for the UFC,” noted Borgata Race & Sportsbook Director Thomas Gable. “It’s probably a mix of factors, with integrity concerns being one of them.”
Worries about unusual betting patterns re-emerged around the Sean Brady vs. Joaquin Buckley bout at UFC 328 on Saturday. Pre-fight odds shifted significantly to establish Buckley as the favorite, even though he was the underdog beforehand.
However, unlike recent matches featuring Isaac Dulgarian and Michael Johnson, the Brady fight proceeded as scheduled. The heavy betting on Buckley was misleading, as he lost decisively.
Tax Change Could Strengthen Prediction Markets
Although detractors of prediction markets contend they heighten risks of match-fixing and insider trading, the UFC seems untroubled, as it and fighters like Diaz partner with these operators.
The tax hike does not affect profits from prediction markets, since they are not formally classified as gambling.
White worries the tax amendment will deter bettors from wagering on the UFC or drive them toward unregulated sites. It may also push gamblers toward prediction markets.
Under current rules, if you gained $5,000 on a prediction market and lost $5,000, your tax liability would be $0 because you can net the amounts as capital losses. Performing the same activity at a sportsbook would leave you taxed on $500 (the 10% of losses now non-deductible).
A recent survey indicates that bettors still favor sportsbooks, citing DraftKings' overall wagering experience as making it the top platform. This preference may shift, however, as Kalshi increases its sports advertising through sponsorships like the one with Diaz.
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