Business News

3 May 2026

Adam Silver, NBA commissioner, speaking at an event

NBA executive asks for tighter prediction market regulations

The executive vice president and assistant general counsel of the National Basketball Association (NBA), Dan Spillane, has called for tighter regulations of prediction markets to protect the integrity of his sport and others. In a letter addressed to the Commodity Futures Trading Commission (CFTC), Spillane asked for tighter restrictions on players.

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Evoke shares surge on reports Bally's Corporation is nearing a takeover deal for the betting and gaming group

Evoke losses climb as CEO urges calm

In a tense investors meeting this week, CEO of troubled betting behemoth Evoke Plc, Per Widerström, attempted to reassure shareholders after a period of share declines and mounting debt. In a delayed FY2025 call, the company revealed substantial losses were incurred during the period as profit after tax declined by 149% to a loss of £541 million.

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Sportradar shares fall after links to illegal gambling sites

Shares drop in Sportradar after links to illegal gambling sites

Shares fell by more than 30% in Sportradar last week after a report alleges the company retains links to hundreds of illegal gambling sites on its official website. The company, a Switzerland-based sports analytics firm, was accused by short sellers Muddy Waters and Callisto Research of harbouring relationships with more than 250 unlicensed betting companies.

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