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The explosive rise of prediction markets has fundamentally altered how people engage with uncertainty. What began as a niche corner of the internet has rapidly transformed into a mainstream financial phenomenon. Yet, as this sector grows, it is triggering a complex regulatory showdown. At the center of this battle sits Polymarket.
Colombia’s President Gustavo Petro has signed an emergency decree introducing a 16% tax on online gambling deposits. Consequently, this decision reverses a recent legislative victory for the industry and creates ideal conditions for user migration to unlicensed platforms. The cost of the first experiment First, the country already ran an identical experiment in 2025. Back […]
While Canadian regulators and courts debate whether Ontario can legally pool online poker players with other countries, offshore brands are winning the battle for actual users. Unlicensed operators captured 59% of Canada’s total online gambling market in 2025, which reached an estimated $9.5 billion. Blask analytics reveal a structural divide between the country’s two regulatory […]
On Wednesday, March 11, William Hill's communications team sent a message to the industry: the company had just experienced its most profitable day at the Cheltenham Festival in its 90-year history. The William Hill Cheltenham headline traveled fast. It was the kind of story that brands pay to have told.
Seven years after launch, licensed operators hold a majority of the market — but more than $2.4B in CEB still sits offshore. Pennsylvania launched its online gambling regulation in 2019, making it one of the earlier adopters of full-spectrum iGaming in the United States, and seven years later its licensed operators capture approximately 57% of […]
The largest state gambling market in the U.S. still sends most of its online casino demand offshore. New York is the largest online gambling market among U.S. states, generating an estimated $6.41B in Competitive Earning Baseline in 2025 — and yet approximately 61% of that total, or nearly $3.9B, flows to offshore operators that pay […]
The U.S. poker ecosystem remains one of the most stable structures in online gambling. Americas Cardroom and PokerStars together accounted for approximately 50% of all U.S. online poker demand by December 2025, and market shares remained broadly stable throughout the year with no major new entrants breaking into the top tier — making online poker […]
In just two years, two platforms have captured nearly 80% of U.S. demand — turning a fast-growing experiment in wagering into something closer to a financial market structure. Prediction markets were barely visible in the American gambling economy a few years ago. By the end of 2025, they had become one of its fastest-growing segments […]
