Utah has launched a major legal challenge against prediction-market operator Kalshi, seeking to stop the company from offering sports wagers and contracts tied to elections, politics, culture and other real-world events within the state. The lawsuit alleges that Kalshi is operating an unlawful gambling business in violation of Utah’s constitutional prohibition on gambling and demands that the company surrender its alleged profits and compensate residents for financial losse

Cyprus recorded the European Union’s largest quarterly decline in government debt relative to gross domestic product (GDP) during the second quarter of 2026, as the country’s public debt continued to fall while debt ratios across the EU and the euro area increased. Figures published by Eurostat on Wednesday showed that Cyprus’ general government gross debt-to-GDP ratio dropped to 48.5 per cent at the end of June, down from 51.5 per cent at the end of March. The decrease of

Justice Luiz Fux faces mounting legal challenges as football clubs, broadcasters and gambling industry associations seek relief from sweeping restrictions on betting operations and advertising. Brazil’s Supreme Federal Court is expected to address the legal challenges to the country’s nationwide online betting ban after the second round of the presidential election on October 25, with Justice Luiz Fux weighing whether restrictions on betting platforms should remain in force

The UK Financial Conduct Authority (FCA) has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Limited, from working in regulated financial services and fined him £269,233 after finding that he concealed the company’s actual ownership and allowed a disqualified director to use its regulatory status to promote high-risk investments. The enforcement action, announced on 21 October 2026, also resulted in a £20,000 financial penalty and a prohibition on senior m