6 December 2025
Stocks in the biggest UK betting companies dramatically fluctuated throughout Wednesday after Chancellor of the Exchequer Rachel Reeves revealed the budget for the upcoming fiscal year. In her second budget as chancellor, Reeves turned her glare on an industry that generated revenues in excess of £12 billion in the last tax year.
DraftKings will become the official sports betting and daily fantasy league operator for the 2019 Stanley Cup champions. Financial terms were not disclosed, but the deal is expected to represent one of the Blues’ largest new commercial partners ahead of the legalization of sports betting in Missouri.
Michigan sports betting tax revenues reached a record month-on-month high in October 2025, with the state posting a new annual handle record of $619.39 million in total bets placed. It was also the second-highest Gross Gaming Revenue (GGR) in state history.
Recent Federal Bureau of Investigation (FBI) operations to root out corruption in U.S. sports betting have led several operators to cap certain prop bets in coordination with leagues. The Major League Baseball (MLB), National Basketball Association (NBA), and National Football League (NFL) have all made commitments to enforce a top bet of $200 on certain prop bets with several operators.
Referee gambling disclosures trigger sweeping criminal and disciplinary probes that now reach club executives, coaches and commentators.
UK betting shops are facing their toughest period in decades as declining footfall, rising digital competition and a proposed tax overhaul place heavy pressure on the high street. Operators warn that higher duties could trigger widespread closures, while policymakers argue the system needs reform. The sector now stands at a critical crossroads.
The UK is preparing to raise taxes on online betting and casino sites while keeping horse racing exempt, creating a clear split in the gambling sector. Treasury officials view digital operators as under taxed, but critics warn the changes could push players toward unlicensed sites and strain the wider betting ecosystem.
The NBA has launched an internal investigation after a federal indictment accused league personnel of sharing insider information used for illicit betting. The case details confidential injury data, offshore wagering and links to organized crime, creating a major integrity crisis as prosecutors outline one of the most serious misconduct scandals in modern basketball.
Missouri is preparing to launch legal sports betting in December, while Minnesota is intensifying action against offshore gambling sites. The two states now illustrate sharply different paths in the national betting debate, with one expanding regulated markets and the other relying on enforcement as lawmakers struggle to agree on a legal framework.
A confidential dossier accusing Evolution of operating in unregulated markets has sparked one of the most contentious feuds in gambling tech. The allegations, which Playtech denies any link to, have raised questions about reputation, regulatory trust and market influence as two of the industry’s biggest suppliers navigate mounting scrutiny.
