Weekend Conversation Corner – March, 27
Welcome to the newest edition of our Focus Gaming News Weekend Conversation Corner, a brief look into the week’s top headlines that have captured global interest. As we break down the chaos of events into a focused summary, we will discuss the key stories that have shaped the conversation, impacted policies, and sparked debates. Join us as we cut through the clutter and provide a concise overview of the week’s significant developments, keeping you informed on what truly counts in today’s fast-paced world.
Stay informed, stay motivated, and continue gaming. Have a fantastic weekend!
Malta to consider regulation of prediction markets
Malta is considering creating a regulatory framework for prediction markets, potentially becoming the first country in Europe to do so. Economy Minister Silvio Schembri highlighted the sector’s global momentum and innovation potential. He emphasised the need for responsible growth, user confidence, transparency, and compliance. Prediction markets, like Kalshi and Polymarket, have seen rapid expansion worldwide, particularly in the US. However, regulatory scrutiny is increasing, with some countries issuing banning orders. Malta, known for its successful igaming industry, aims to diversify its economy further by regulating prediction markets. This move would mark another European first for the country.
EGBA urges European Commission to tackle fraudulent gambling sites
The European Gaming and Betting Association (EGBA) has warned of the increasing threat of fraudulent gambling websites and apps in Europe. These fraudulent sites impersonate licensed operators, putting consumers at risk of identity theft, financial loss, and unsafe gambling environments. The EGBA has submitted evidence to the European Commission, calling for coordinated EU action to combat these fraudulent activities. They estimate that illegal operators captured 27 per cent of Europe’s online gambling market revenue in 2025, amounting to around €18bn. Dr Ekaterina Hartmann, Director of Legal and Regulatory Affairs at EGBA, emphasised the need for EU-level action to protect consumers and legitimate operators from these fraudulent practices. The European Commission’s Action Plan on Fighting Online Fraud is set for adoption in the second quarter of 2026.
Spain’s Codere reportedly up for sale
Codere, the second-largest gambling operator in Spain, is reportedly up for sale with an expected price tag of around €2bn. The company has engaged Jefferies and Macquarie Capital to advise on the sales process, with potential buyers expected to submit offers by mid-May. Codere’s ownership is spread across 80 investment funds, with a focus on stability and growth in Latin America and Europe. The company operates in regulated markets in Spain, Italy, and Latin America, with a strong presence in countries like Mexico, Argentina, and Colombia. Codere Online saw a 6 per cent increase in annual revenue in 2025, with potential buyers speculated to include giants like Flutter Entertainment and Allwyn International. This potential sale comes after Cirsa’s IPO, signalling a shifting landscape in the Spanish gambling industry.
New US bill proposes a ban on sports prediction market contracts
The Prediction Markets Are Gambling Act aims to prevent CFTC-registered entities from offering contracts resembling sports bets or casino games. Introduced by Senators Adam Schiff and John Curtis, the bipartisan bill seeks to regulate prediction markets under the Commodity Exchange Act. The sponsors argue that the CFTC has relaxed its enforcement on such contracts, violating state laws and consumer protections. The American Gaming Association supports the bill, emphasising the importance of upholding state and tribal sovereignty in regulating gambling. Similar bills have been proposed in Vermont, New Jersey, and Hawaii to ban certain event contracts and unregulated prediction markets. The legislation aims to protect consumers and prevent the proliferation of speculative financial products in inappropriate spaces.
Mika Kuismanen: “The Finnish gambling reform is being carried out at least ten years too late”
Mika Kuismanen, CEO of the Finnish Trade Association for Online Gambling, discusses Finland’s shift from a gambling monopoly to a licensed market. The move aims to address declining channelisation rates and unlicensed operators’ influence. Kuismanen believes the transition is overdue, as the current system results in low market share and tax revenue losses. He emphasises the need for effective regulation to prevent unlicensed operators from gaining market share. The Finnish Trade Association will continue lobbying for industry interests and engaging with regulatory authorities. Operators are showing interest in the Finnish market, with 24 license applications already submitted. Kuismanen is cautiously optimistic about the industry’s future, highlighting the importance of balanced regulation and political stability. He suggests that harmonised European regulations could benefit operators by preventing unlicensed operations and reducing risks associated with individual country regulations.
Concerns raised over UK gambling levy rollout
The Gambling Lived Experience Network (GLEN) in the UK is concerned about the first prevention funding allocations in England from the new UK gambling levy. Managed by the Office for Health Improvement and Disparities (OHID), the funding announcement came just 13 days before the new cycle begins, causing unease among organisations. Stakeholders criticise the timing and structure of the process, fearing gaps in provision and potential service closures. GLEN warns that the competitive funding model could be reckless and disadvantage small charities dependent on gambling harm funding. The group highlights the impact on vulnerable groups and the lack of transparency in government funding decisions. UK Research and Innovation (UKRI) is also establishing a Gambling Research Programme, with recruitment ongoing. The uncertainty surrounding funding decisions and restructuring in related government bodies raises concerns about the future of gambling harm prevention efforts.
