Daily brief
Daily Brief — 23 October 2026
US regulators, states press prediction markets, gambling probe hits Brazil's election, and evoke's Q3 revenue falls as its Bally's Intralot deal holds.
By iGG News Desk ·
Today's brief covers US scrutiny of prediction market contracts, a gambling-linked investigation in Brazil's election, evoke's quarterly results and IG Group's UK prediction market plans.
Elsewhere · Legal Sports Report
CFTC Pauses Novig, ProphetX Micro Contracts
The CFTC halted Novig's first-basket style micro contracts and ProphetX's scorigami contracts, citing manipulation risk and Commodity Exchange Act concerns. Neither has been listed yet, and both firms may explain why the products should be permitted.
legalsportsreport.com
Elsewhere · Legal Sports Report
Utah Sues Kalshi For Millions After Federal Court Victory
Utah's attorney general has sued Kalshi in state court to end its event contracts there and recover alleged proceeds. Kalshi says federal law gives the CFTC exclusive jurisdiction, while appeals courts remain split on the issue.
legalsportsreport.com
Elsewhere · SBC News
Bolsonaro accused of gambling embezzlement as Bets turns into zombie regime
Ahead of Brazil's run-off, Senator Flávio Bolsonaro faces allegations tied to a money laundering probe involving a lawyer's online gambling businesses. Both men deny wrongdoing, no charges have been filed, and the claims remain unproven.
sbcnews.co.uk
Elsewhere · iGaming Future
evoke Q3 Revenue Falls 7% to £406m
evoke's third-quarter revenue dropped 7% year on year, affected by player-friendly sports results and about 270 fewer shops. The Bally's Intralot acquisition is on schedule, expected to complete in late Q4 2026 or early Q1 2027.
igamingfuture.com
Elsewhere · EGR
IG Group: UK predictions markets could face a “laundry list of potential competitors”
IG Group is confirming plans to launch a UK prediction market, starting with financial markets before moving into sports and culture. Its Gambling Commission licence application is pending. The full article is subscriber-only.
egr.global
Get the brief on Telegram
Every morning, in the chat you already read.