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Italy’s Lotto award: price, politics and a regulator’s appetite for continuity
ADM has signed the 2025 to 2034 Lotto concession with LottoItalia, the long-standing consortium now led by Brightstar Lottery. The group will pay €2.23 billion in licence fees, commit to a multi-year programme of infrastructure and security upgrades, and maintain the operational backbone of a product that generates critical fiscal revenue for Italy. The tender attracted competing interest from groups including Flutter and Sisal, yet the award ultimately followed a familiar lo


Prediction Markets vs Operators: Federal Rails, State Books, and the New Economics of U.S. Betting
CFTC-regulated prediction venues now compete directly with state-licensed sportsbooks, offering national reach, exchange-style pricing and a lighter federal compliance regime. This feature maps the legal split (federal pre-emption vs state police powers), details operator strategies (fight, partner, or own the rails), unpacks the infrastructure (clearing, custody, oracles), and converts regulatory milestones into an actionable trigger matrix. It sets a minimum controls parity


Luxembourg weighs a state-run online gambling monopoly
Luxembourg is preparing a bill that would centralise online gambling and gaming machines under a state-controlled model. The National Lottery would lead the offer, and the authorised land-based casino could receive an online licence once geoblocking and player-protection systems are proven. The government frames the move as a response to rising harm indicators, and as a way to shut down grey devices in cafés. This runs against Europe’s multi-licensing drift, so the proposal w
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