A complaint about Betfair promoting a gambling product over the radio has been turned down by the UK’s Advertising Standards Authority (ASA). In a statement, the ASA noted it received a complaint that an advertisement about Betfair’s online casino was heard on Radio X around 8am on 3 September 2024, arguing that children could have heard it. The authority then …
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Betfair is the latest company to have paid the 30m BRL (£3.9m) licensing fee to operate under the regulated Brazilian market in 2025. After submitting a license application, the firm was given the go-ahead as it fully compiled with the requirements set out by the Ministry of Finance and its Secretariat of Prizes and Bets (SPA). According to SBC Noticias, …
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The High Court of England and Wales has dismissed a commercial complaint against Betfair, which sought to recover £1.5m in losses for a VIP customer. The complaint was submitted by plaintiff Lee Gibson, who lost “the greater part of some £1,480,728” on the outcome of sporting events on the Betfair Exchange on the basis that “he was a problem gambler …
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Betfair has renewed its partnership with Brazilian Serie A team Cruzeiro until the end of the 2026 season. The extended deal with the Belo Horizonte-based club has been valued at approximately 43 million reais at the current dollar exchange rate, but the figure could reportedly reach up to 63 million reais if Raposa reaches the established goals. This is the …
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Flutter Entertainment Plc has acquired a 56% stake in NSX Group, the operating firm of the Betnacional brand in Brazil. The NYSE and LSE gambling group put forward a cash consideration of approximately $350m to acquire its majority stake in NSX. The deal is viewed as the platform to launch the ‘Flutter Brazil’ business, that will be formed by the brands …
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US 2024 proceedings have seen Vice President Kamala Harris become the ‘marginal favourite’ to win the US Election on 5 November. Betfair reports that during Tuesday night’s televised debate, US 2024 odds flipped in VP Harris’ favour from 11/10 to 20/21 – giving her a 52% chance of winning. Failing to land any clear blows on Harris, Donald Trump’s odds …
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The Sun has announced that its ‘Never Mind the Ballots’ online show will be sponsored by Betfair for its remaining coverage of the US 2024 election. Launched in March, Never Mind the Ballots is the new politics show from The Sun hosted by editor Harry Cole. The show is recognised as The Sun’s most successful online series, generating over 30 …
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Flutter Entertainment Plc has opened its new ‘Global Capability Centre‘ in Hyderabad, India, to enhance tech and IT support for its global gambling portfolio. Located at RMZ Spire in Knowledge City, this office represents a $3.5 million investment, establishing a new hub of innovation and excellence in Hyderabad. The office covers 80,000 sq. ft across three floors and will employ …
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Flutter Entertainment Plc celebrates ‘excellent Q2 trading’, as leadership raises its full-year fiscal guidance for its US business and the wider Group (excluding US) performance. Publishing its Q2 accounts, the NYSE-listed gambling group highlighted that it “outperformed all market consensus”, generating corporate revenues of $3.6bn, up 20% on 2023 comparatives of $3bn. Headline growth was underpinned by Flutter’s portfolio of …
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Billy Gowing, Founder and Managing Director of Fairplay Exchange, makes a case for how social betting exchanges can make a much-needed improvement to the online betting industry’s public image and appeal to a new player demographic ___________________ In the UK, there can be little doubt the gaming industry has struggled to improve its perception in the eyes of the public …
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