All Articles

The NCAA is facing another legal challenge over its sports-betting rules after former Texas Tech wide receiver Roy Alexander filed a lawsuit seeking to overturn a six-game suspension imposed for gambling violations. The case adds to growing legal pressure surrounding the NCAA's authority to discipline athletes for betting and comes after a series of court disputes that have questioned the organisation's ability to enforce its rules. Alexander's challenge is particularly signi

President Donald Trump has become the first living US president in roughly a century to appear on American currency, after his portrait was featured on a newly issued $1 coin commemorating the United States' upcoming 250th anniversary. The US Mint released the special-edition coin on Wednesday, featuring Trump's portrait on the front alongside the inscriptions "LIBERTY" and "IN GOD WE TRUST". The Mint described the design as a celebration of the country's approaching 250th bi

Chevron has unveiled a $7 billion expansion of its Venezuelan operations, announcing plans to develop two additional oil fields in the country’s vast Orinoco Belt. The announcement came only hours after Venezuela’s National Assembly approved a separate agreement that would give Washington control over a significant portion of the country’s oil assets. The US oil giant said its new project, carried out through its joint venture with Petroindependencia, would involve the develo

A proposed nationwide prohibition on gambling advertising in the Philippines could place the greatest burden on licensed gaming operators while doing little to curb promotional activity by offshore and illegal gambling platforms, according to two gaming lawyers. Russell Stanley Geronimo, founder of Geronimo Law, told AGB that legislation enacted at the national level could establish advertising restrictions extending beyond operators licensed by the Philippine Amusement and G

A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party accounts. Kho Yung Kang, 39, appeared before the Sessions Court in Kuching and pleaded guilty to 24 charges comprising 16 counts of cheating and eight offences under Malaysia's Anti-Money

Citibank's London branch has been fined £4.73 million by the UK's Office of Financial Sanctions Implementation (OFSI) after a regulatory investigation identified widespread failures that allowed hundreds of transactions involving sanctioned Russian entities and individuals to pass through the bank. The penalty relates to 970 payments with a combined value of approximately £19.7 million. Most of the breaches occurred between February and November 2022, following the introducti

Brazilian authorities have launched a major investigation into NSX Group, the operator behind Betnacional and Betfair’s Brazilian operations, over allegations involving tax evasion, currency violations and money laundering. The investigation comes as authorities intensify scrutiny of the rapidly expanding betting sector and seek to establish whether some operators continued using financial structures associated with the pre-regulation market after Brazil introduced its licens

Nearly half of household expenditure across the European Union was devoted to basic necessities in January 2026, according to official data from Eurostat. The statistical office of the European Union reported that 46.0 per cent of total household consumer spending was allocated to three essential areas: food and non-alcoholic beverages, housing, water and energy, and transport. These three categories have also experienced significant price increases in at least one recent yea

Euro Games Technology (EGT) has secured a Gaming-Related Vendor Licence from the United Arab Emirates’ General Commercial Gaming Regulatory Authority (GCGRA), allowing the Bulgarian gaming technology supplier to provide its land-based gaming products and solutions to licensed operators in the country. The approval represents an important step for EGT as it expands into the emerging UAE commercial gaming market and adds another regulated jurisdiction to its international portf

The Dutch central bank has moved billions of dollars' worth of gold from North America to London as part of an effort to strengthen its preparedness for a potential crisis, citing what it described as "increasing geopolitical unrest". De Nederlandsche Bank (DNB) confirmed on Wednesday that 86 tonnes of gold had been removed from storage in the United States and Canada during a complicated operation that took several months. The gold has now been placed with the Bank of Englan

Newly examined financial records from Tether's early years have raised questions about the effectiveness of customer due diligence surrounding the issuance of USDT, after several entities and individuals that purchased the stablecoin directly from the company were later connected to sanctions evasion, money laundering, drug trafficking and other financial crimes. The records provide an unusual look at Tether's primary customer base during a period in which USDT was undergoing

US authorities have seized more than $560,000 in cryptocurrency allegedly intended to support Hamas, while simultaneously dismantling websites, servers and online communication infrastructure used to solicit digital-asset donations and recruit supporters. The operation represents another significant intervention against the use of cryptocurrency as a channel for terrorist financing and demonstrates the increasingly sophisticated methods being used by law enforcement to identi

Fast-fashion giant Shein suffered a weak start to its long-awaited stock market debut on Tuesday, with its shares falling sharply after beginning trading on the Hong Kong Stock Exchange. The disappointing performance highlights growing investor concerns about the company's slowing growth, rising costs and increasingly difficult regulatory environment. Shein's shares opened at HK$48.56, the price set for its initial public offering, before falling as much as 10% to around HK$4

NorthStar Gaming has been hit with a C$100,000 monetary penalty by Ontario's gaming regulator after failing to apply enhanced anti-money laundering controls to a high-risk customer whose deposits ultimately reached almost C$190,000. The Alcohol and Gaming Commission of Ontario found that NorthStar Gaming (Ontario) Inc. did not comply with provincial AML requirements in relation to a single player account that remained active from March 2024 until June 2025. The case has highl

Brazil's newly regulated betting industry has become a significant source of government revenue, generating R$8.7 billion in tax payments during the first seven months of 2026. The figure represents a substantial increase compared with the same period last year and comes at a time when the sector is facing growing political opposition and calls for tighter restrictions. The tax contribution between January and July represents an increase of approximately 77% compared with the

Brazil's efforts to regulate online betting have significantly reshaped the country's gambling sector, but a substantial portion of betting activity continues to take place outside the licensed market. New research indicates that illegal platforms accounted for between 38% and 44% of online betting activity during the first half of 2026, highlighting the scale of the challenge facing Brazilian authorities. The latest estimate represents an improvement compared with the previo

US brokerage firm Moors & Cabot has been censured and fined $125,000 by the Financial Industry Regulatory Authority after regulators identified significant weaknesses in the firm's anti-money laundering programme, including shortcomings in transaction monitoring and the handling of alerts involving customer money movements. The regulatory action concerns conduct that took place over several years and highlights the importance of ensuring that AML surveillance systems are capa

Finance ministers and central bank governors from the world's largest economies have gathered in Asheville, North Carolina, for discussions dominated by geopolitical tensions, trade disputes and efforts to address mounting global debt. The two-day meeting is taking place under the US presidency of the G20 finance track, with Washington seeking international backing for its campaign to increase economic pressure on Iran. At the same time, disagreements over US tariffs have com

Flutter Entertainment is urging the Irish Government to retain the country's existing 2% betting duty as policymakers consider potential changes to gambling taxation, warning that a higher rate could place additional pressure on the regulated betting industry and encourage more customers towards unlicensed operators. Ireland currently applies a 2% duty to bets placed with bookmakers both in physical betting shops and through remote channels. Betting exchanges are subject to a

Sweden's regulated gambling market recorded a clear acceleration in the second quarter of 2026, with licensed operators generating approximately SEK7.4 billion in turnover between April and June, representing a 5.1% increase compared with the same period last year. The latest figures point to continued strength in Sweden's online gambling sector, which remains the dominant part of the regulated market. Commercial online gaming and betting generated just under SEK5 billion dur

Industrial prices in Cyprus accelerated significantly in July, with the overall Industrial Output Price Index increasing by 4.4% compared with the same month a year earlier, according to the latest official data. The index reached 128.2 points in July, based on 2021 as the reference year, following a 2% increase compared with June. The latest figures indicate that price pressures within the industrial economy strengthened considerably during the summer, with energy costs play