• The proposed deal is worth up to USD 1.3 billion (ca. EUR 1.1 billion). It includes an upfront enterprise value of around USD 1.1 billion (ca. EUR 959 million) and a potential earnout of up to USD 200 million (ca. EUR 174 million). A separate management incentive plan is linked to future performance.
• Underdog operates daily fantasy sports and prediction markets. The company has around one million monthly active users, more than five million depositing customers and over 11 million registered accounts. IG said Underdog is the third-largest US prediction markets venue by regulated notional trading volume.
• Underdog generated around USD 466 million (ca. EUR 406 million) in net revenue in the 12 months to June 2026, up 21% year-on-year. The business also reported USD 46 million (ca. EUR 40 million) in Q2 2026 EBITDA.
• The IG Underdog acquisition would more than double IG’s US revenue and increase its US monthly active customer base by more than tenfold. Underdog will continue to operate as a standalone business after the transaction closes. Underdog’s CEO would report directly to IG Group’s CEO.
• IG expects the transaction to be broadly neutral for adjusted earnings per share in year one and accretive by year three. CEO Breon Corcoran said: “The acquisition of Underdog establishes IG as a leader in US prediction markets.”

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• Group revenue increased 5% year-on-year to a record USD 980 million (ca. EUR 850 million). Adjusted EBITDA rose 6% to USD 477 million (ca. EUR 414 million), while net income increased 11% to USD 241 million (ca. EUR 209 million). The company also reduced net bank leverage to 3.7x.
• Retail operations continued to drive the business. The Live and Historical Racing segment generated USD 575 million (ca. EUR 499 million) in revenue and USD 318 million (ca. EUR 276 million) in adjusted EBITDA, supported by record Kentucky Derby Week wagering, higher ticket sales, sponsorship income and stronger performance at Kentucky HRM venues.
• Online wagering also grew during the quarter. The Wagering Services and Solutions segment, which includes TwinSpires Horse Racing and Exacta, increased revenue to USD 178 million (ca EUR 154 million), while adjusted EBITDA reached USD 52 million (ca. EUR 45 million).  TwinSpires handled USD 634 million (ca. EUR 550 million) in wagers as Derby Week betting reached a new record.
• The Gaming segment reported revenue of USD 270 million (ca. EUR 234 million) and adjusted EBITDA of USD 133 million (ca. EUR 115 million). Results were supported by casino properties in New York, Indiana and Maryland.

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• BetMGM generated net revenue of USD 711 million (ca. EUR 625 million) in the second quarter, up 3% compared with the same period last year. Adjusted EBITDA reached USD 74 million (ca. EUR 65 million), while first-half revenue increased 4% to USD 1.406 billion (ca. EUR 1.2 billion). The company said it continued to generate positive cash flow during the quarter.
• iGaming remained the strongest part of the business. Revenue from online casino rose 8% to USD 483 million (ca. EUR 424 million), while online sports revenue stayed flat at USD 228 million (ca. EUR 200 million) despite a 2% increase in betting handle to USD 3.49 billion (ca. EUR 3 billion). According to BetMGM, strong betting around the NBA Playoffs and FIFA World Cup was offset by better results for customers.
• BetMGM Q2 2026 also showed a slight decline in average monthly active players to 875,000, down 3% year-on-year. The company said this reflected a more selective approach to customer acquisition rather than weaker player activity. Spending per active customer continued to improve during the first half of the year.
• BetMGM held a 13% gross gaming revenue market share across its active markets, including 20% in iGaming and 8% in online sports betting. During the quarter, it expanded its exclusive casino portfolio with new Game of Thrones titles in Ontario and additional proprietary slot releases. The company also reported a 10% increase in online sportsbook handle in Nevada during the first half.
• Looking ahead, BetMGM continues to expect full-year net revenue of USD 2.9-3.1 billion (ca. EUR 2.5-2.7 billion) and Adjusted EBITDA of USD 300-350 million (ca. EUR 264-308 million), although both are now expected towards the lower end of the range. The company also said regulatory uncertainty around prediction markets could delay its longer-term target of USD 500 million (ca. EUR 439 million) in Adjusted EBITDA beyond 2027. CEO Adam Greenblatt said: “Our underlying player fundamentals remain healthy, and we are generating positive cash flow and Adjusted EBITDA.”

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• SEGG Media will transition Lottery.com to an affiliate-only model. The company said the platform will become its global hub for licensed lottery operators. The first affiliate partners are expected to be announced soon.
• The rollout will begin in North and Latin America, in line with SEGG Media’s regional expansion plans. The company said the model allows faster entry into regulated markets with lower investment. It also keeps the option to operate directly in selected markets in the future.
• SEGG Media cited research showing the global lottery market is expected to grow from USD 374.0 billion in 2025 to USD 396.1 billion in 2026. The online lottery market is forecast to reach USD 13.22 billion this year. The Lottery.com affiliate platform is aimed at benefiting from this growth.
• SEGG Media said also the global affiliate marketing industry is expected to grow from USD 19.6 billion in 2025 to USD 24.7 billion in 2026. Within that market, iGaming affiliate programmes generate an estimated USD 4.3 billion annually across more than 5,400 active programmes worldwide. The company sees this as another growth opportunity for the Lottery.com affiliate platform.
• SEGG Media outlined that lottery affiliate programmes can generate higher acquisition values than traditional lottery sales channels. The company also cited industry data showing that 12% to 25% of first-time lottery players later place a casino or sportsbook bet. This cross-selling potential is one reason behind the new strategy.
• Chairman of SEGG Media, Marc Bircham, said: “By establishing Lottery.com as our global master affiliate platform, the brand becomes accessible across all regulated markets.” The company said it is now inviting licensed lottery operators to join the network.
• SEGG Media was founded as Trident Acquisitions Corp. in 2016 and became Lottery.com Inc. after acquiring AutoLotto in 2021. The company rebranded to SEGG Media in 2025 as it expanded into sports, entertainment and gaming, while Lottery.com remained its gaming brand. Today SEGG Media is the parent company of Lottery.com, Nasdaq-listed  and operates a portfolio of digital brands that also includes Sports.com, Concerts.com, TicketStub.com and Veloce Media Group.

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• Total revenue remained on same levels with  USD 1.034 billion (ca. EUR 909 million). Net income was ca. USD 131 million (Q2 2025: ca. USD 151 million)  while Adjusted EBITDAR reached ca. USD 351 million (Q2 2025: ca. USD 358 million)
• Gambling revenue, made up of land-based gaming and online operations, rose to ca. USD 715 million (69% of total revenue) from ca. USD 711 million in Q2 2025.
• Online revenue was ca. USD 32 million (Q2 2025: ca. USD 39 million), while the company noted continued growth in its online casino business and contributions from market access agreements.
• Non-gambling revenue declined to ca. USD 319 million (Q2 2025: ca. USD 323 million), with changes mainly reflecting management fees and other non-gaming activities.
• Land-based gaming remained Boyd’s largest business with casino gaming revenue growing to ca. USD 683 million (Q2 2025: ca. USD 672 million), driven by another strong performance from the Midwest & South division.  The Midwest & South segment delivered the strongest operating performance.
• President and CEO Keith Smith said: “Our second-quarter results demonstrated the benefits of our diversified business model, with strong performances from our Midwest & South operations, Online segment and Managed business.” During the quarter, Boyd returned more than USD 170 million to shareholders through dividends and share repurchases.

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• The International Betting Integrity Association (IBIA) reported 76 suspicious betting alerts to the relevant authorities during Q2 2026. Football accounted for 25 alerts, followed by esports with 16, basketball with 10 and tennis with nine. The IBIA integrity report notes that the total may change if ongoing investigations identify additional cases.
• Europe recorded the highest regional share of alerts with 33%, followed by South America with 22% and North America with 21%. Africa accounted for 15% of alerts, while Asia represented 4%. One group of 16 esports alerts was classified as global because the events could not be linked to a single jurisdiction.
• Football alerts were spread across Africa, Europe, Oceania and South America. Kosovo recorded five football alerts, while Cameroon reported three and Brazil, Colombia and Paraguay each registered multiple cases. In basketball, nine of the 10 alerts originated in South America, mainly in Paraguay and Colombia.
• The report also focuses on Canada’s regulated online betting market. According to presented data, Ontario’s online sports betting channelisation increased from 5% of gross gambling revenue in 2022 to 85% in 2023 and has remained above 90% since then. IBIA says the figures show how competitive regulation can move betting activity into regulated and monitored markets.
• IBIA also highlighted its athlete education programme in Canada. Backed by a CAD 300,000 (ca. EUR 187,000) commitment from IBIA and members bet365, Betway and FanDuel, the initiative has already reached nearly 200 Canadian Premier League players and staff before expanding to the Canadian Football League in partnership with Genius Sports. The programme is based on IBIA’s three principles: “Rules, Responsibility and Reporting.”

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• The agreement creates a framework for cooperation between GRAI and the NGCB on gambling regulation and licensing. It is the first memorandum signed between GRAI and a gambling regulatory authority in the United States. The Ireland Nevada MOU reflects a shared focus on supervising online gambling, where betting activity increasingly crosses national borders.
• GRAI CEO Anne Marie Caulfield welcomed the partnership and highlighted the value of Nevada’s regulatory experience. She said: “The knowledge and expertise that the Nevada Gaming Control Board have in terms of gambling regulation are very valuable to us in the GRAI.” She added that consumer protection together with public health and safety would remain central to the cooperation.
• NGCB Chairman Mike Dreitzer said the board looks forward to working closely with the Irish regulator and sharing best practices. The Ireland Nevada MOU builds on discussions between both organisations during ICE 2026 in Barcelona and provides a foundation for future collaboration.

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• Evolution AB announced that it has terminated the merger agreement with Galaxy Gaming. The agreement had been signed between Evolution Malta Holding Limited, Galaxy Gaming and Galaga Merger Sub, Inc. Evolution said it expects to continue working with Galaxy Gaming under the companies’ existing commercial partnership.
• As part of the termination, Evolution is required to pay Galaxy Gaming a termination fee of USD 5.23 million (ca. EUR 4.6 million). The company confirmed that it intends to make the payment. No further reasons for ending the transaction were disclosed in the announcement.
• The Evolution Galaxy Gaming deal was intended to expand Evolution’s position in the online casino supplier market. Galaxy Gaming develops and licenses casino table games and side bets to land-based and online gaming operators. The termination means both companies will continue operating independently.
• Evolution develops and supplies B2B online casino products to around 870 gaming operators worldwide. The company employs about 22,900 people across studios in Europe, Asia, North America and South America. Its shares are listed on Nasdaq Stockholm under the ticker EVO.
• Commenting on the announcement, Evolution said it “expects to continue working with Galaxy Gaming within the framework of the companies’ existing strong commercial relationship.” The Evolution Galaxy Gaming partnership will therefore continue on a commercial basis despite the cancelled acquisition.

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• Loto-Québec will use Aristocrat Interactive’s Fusion aggregation platform to expand its online game offering. The first Aristocrat Interactive titles, including Buffalo and Mo Mummy, went live in late June 2026. NeoGames Studio content is also scheduled to launch later this year, further expanding the province’s iLottery portfolio.
• Fusion enables Loto-Québec to access Aristocrat Interactive content alongside third-party games through a single platform. This allows the lottery operator to add new content more efficiently and refresh its digital offering over time. Aristocrat Interactive Canada now has agreements in every regulated lottery jurisdiction across the country.
• “Completing our Canadian lottery footprint with Loto-Québec is a significant milestone for Aristocrat Interactive,” said Chris Shaban, Managing Director, iLottery at Aristocrat Interactive. The company, formed in 2024 through the combination of Anaxi and the NeoGames businesses, supplies technology, content and services across regulated online gaming markets.

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• Citadel Securities has invested USD 400 million (ca. EUR 350 million) in Crypto.com, marking the company’s first institutional funding round in its 10-year history. The deal values Crypto.com at USD 20 billion (ca. EUR 17.5 billion). It comes as institutional interest in digital assets continues to grow.
• Crypto.com said the funding will be used to expand into new asset classes, including tokenized securities and derivatives. The company wants to strengthen the connection between traditional finance and digital assets while building a market that operates around the clock. The Crypto.com investment will also support further product and infrastructure development.
• CEO Kris Marszalek said Crypto.com has spent the past decade building the technology and regulatory foundations needed for long-term growth. He said: “The size of the opportunity in front of us is staggering, as crypto increasingly becomes the rails for finance.” The company believes it is well placed to serve more institutional clients in the years ahead.
• Citadel Securities said closer ties between traditional financial markets and digital assets could improve market efficiency. President Jim Esposito said the firm looks forward to working with Crypto.com as institutional participation in the sector increases.
• Alongside its expansion into tokenized securities and derivatives, Crypto.com is expected to continue growing its existing prediction markets business. The company already offers regulated event contracts in the US through its CFTC-regulated derivatives platform, a market that increasingly overlaps with traditional sports betting in certain jurisdictions.

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