Meta’s prediction markets app to prompt scrutiny from British regulators Betting Meta’s reported plans to launch a standalone prediction market app could face regulatory hurdles in Britain, where rival US platforms have already struggled to gain access to one of the world’s largest betting markets. The New York Times reported on Wednesday that the Facebook owner is internally developing Arena, a new experimental prediction market product [...]
Concern as gambling black market set for £40m Royal Ascot boost Sport Business Illicit Royal Ascot betting could boost the gambling black market industry by £40m as punters get drawn in by unregulated operators. The horse racing spectacle is underway in Berkshire with 300,000 fans expected across five days of Royal Ascot racing. But many punters across the racing diaspora are turning to black market betting, with regulations [...]
Children as young as 14 are being targeted by unregulated gambling firms on social media Sport Business Children as young as 14 are being targeted by unregulated gambling firms, with AI-generated tipsters, influencers and the manosphere blamed for exploiting teenagers on social media. Over 30 unregulated gambling sites – such as Stake and Rainbet – are accused of targeting UK users primarily aged 14-25, according to new data collected last month by [...]
Paddy Power owner Flutter quits London Stock Exchange in blow to City June 12, 2026 The owner of Paddy Power has said it will ditch its listing on the London Stock Exchange, in another major blow to the UK market. Flutter, which owns gambling brands including Paddy Power and Betfair, shifted its primary listing to New York in 2024 and on Friday announced plans to ditch its secondary listing in [...]
Report calls for overhaul of horse racing betting industry June 3, 2026 A new report has called for an overhaul of the horse racing betting industry as the sport looks to capture a new audience. The Spotlight Sports Group report, The Horse Racing Audience Opportunity, says that “the sport should concentrate on intuitive betting formats that are easy to understand and move away from offering solely those [...]
Easyjet founder bets on World Cup in prediction markets pivot May 25, 2026 The billionaire behind Easyjet is taking a punt on sports betting as he launches prediction markets ahead of the World Cup. Sir Stelios Haji-Ioannou, who founded the budget airline in 1995, launched his Easybet platform in 2024 and is now expanding into prediction markets, Morning Wire can reveal. Betting is the latest spin-off for the [...]
Paddy Power owner’s London exit fears mount as shares slide May 8, 2026 Flutter Entertainment is facing fresh scrutiny after analysts warned the gambling giant’s battered share price is effectively “pricing in zero US growth”, as fears mount over a potential full London Stock Exchange exit. The Paddy Power and FanDuel owner has come under renewed pressure after cutting guidance despite posting stronger quarterly revenues, with investors increasingly [...]
Formula 1 signs first ever official betting operator in multi-year deal March 5, 2026 Betway has announced a deal with Formula 1 in a move that will see the motorsport agree its first ever betting operator sponsorship. The move, which is not a global sponsor, spans Europe, the Middle East and Africa, as well as Canada and Mexico and sees Formula 1 enter the betting market. Betway platforms will [...]
Betfred rakes in £1.5bn as founders enjoy jackpot payday January 5, 2026 The billionaire brothers who founded Betfred have shared a bumper payday after the betting giant raked in almost £1.5bn. The Warrington-headquartered business has posted a turnover of £1.45bn for the 78 weeks to 30 March, 2025. New accounts filed with Companies House also show Betfred made a pre-tax profit of £188.6m over the same period. [...]