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As many in the market anticipated, cryptocurrency brokerage Coinbase Global (NASDAQ: COIN) confirmed on Wednesday that it is moving into prediction markets through a partnership with Kalshi. Speculation around Coinbase’s plans to offer prediction-style contracts has circulated for months and gathered pace last week ahead of an event held earlier today. Event contracts now form part of a wider strategic push by the company, which also includes tokenized equities, aimed at broa

HM Revenue and Customs has secured a significant win in the Supreme Court after successfully challenging Hotel La Tour’s attempt to recover VAT linked to the sale of shares in one of its subsidiaries. The ruling marks a decisive conclusion to a long-running dispute over whether VAT incurred on professional fees connected to a share sale can be reclaimed when the proceeds are used for taxable business activities. The judgment was delivered on December 17 by a panel comprising

The United Arab Emirates has taken a historic step by permitting legal online betting through licensed platforms, signaling a significant shift in the nation’s long-standing stance on gambling. For the first time, residents and visitors can place real-money bets online within a federal regulatory framework designed to control access and protect consumers. At the center of this change is Play971, the UAE’s first approved internet gaming and sports betting website. The platform

Uganda’s National Lotteries and Gaming Regulatory Board (NLGRB) has intensified its crackdown on illegal gambling operations, netting scores of Chinese nationals and their Ugandan accomplices in a nationwide operation targeting unlicensed slot machines and gaming equipment that have deprived the government of significant revenue.   The enforcement drive, code-named Operation Mashine Haramu —Swahili for “illegal machines”—is part of a broader effort by the regulator to stem th

Warner Bros Discovery has urged its shareholders to reject Paramount Skydance’s $108.4 billion (£80.75bn) takeover offer, in a dramatic development in the ongoing battle for control of one of Hollywood’s most storied studios. Paramount had argued that its bid was “superior” to the $72 billion deal Warner Bros reached with Netflix for its film and streaming businesses. However, Warner Bros Discovery’s board has “unanimously” recommended shareholders turn down Paramount’s offer

Australia’s financial intelligence regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has refused to renew the registration of independent remitter Yellow Sands Trading Pty Ltd, which operated under the business name Raiyyan Exchange, effectively barring the company from providing money transfer services anywhere in Australia with immediate effect.   AUSTRAC’s decision followed the identification of serious and systemic deficiencies in the company’s

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $67,150 on Juba Express Inc., a Toronto-based money services business, following a compliance examination that identified multiple breaches of Canada’s anti-money laundering and counter-terrorist financing framework. The penalty, issued on August 29, 2025, relates to violations of Part 1 of the Proceeds of Crime, Money Laundering, and Terrorist Financin

The Financial Conduct Authority has handed Nationwide Building Society a £44m fine after finding serious shortcomings in its anti-money laundering and financial crime controls over a period of several years.   According to the UK regulator, Nationwide operated with inadequate anti-financial crime systems and controls between October 2016 and July 2021. During this time, those controls failed to effectively monitor transactions carried out by customers holding personal current