This week in iGaming: 500 Casino refunds $1.74 million to players, Trainwrecks' Stake deal hits $75 million monthly and Flutter posts a $1.15 billion quarterly loss, plus the week's releases and on-chain casino numbers. Two minutes, no filler.
500 Casino refunds $1.74 million to over 35,800 players after Towers edge scandal
Trainwrecks' Stake deal reportedly hits $75 million a month
Flutter posts $1.15 billion quarterly loss as prediction-market spending bites
Kalshi launches single-stock perpetual futures, doing $300 million in volume within hours
Cambodia revokes 18 Prince Group casino licenses, freezes over $300 million
Crypto Casinos
500 Casino is repaying $1.74 million to more than 35,800 players after an independent auditor found its Towers game took the 5% cut again on every row, pushing the real edge to 40%. (Read the full article)
Gamdom moved Crash to a flat 1% house edge after an audit found it kept up to 3%, crediting players $589,000, just over a third of the auditor's $1.58 million loss estimate. (Read the full article)
Thai cyber police say three crypto exchanges handed over money-trail data on Shuffle, with one linking two wallets used by 44 people to about $113,000, though no one has been charged.
Housebets launched House Studio, where creators build slots and Originals from 11 templates and earn 10% of GGR on approved slots and 5% on Originals, with first payouts due Dec. 1. (Read the full article)
CoinPoker rolled out its "Next Level" update with mystery bounties, private tables and rebuilt mobile apps, then opened a yearlong $250 million PGT Online series with a $50 million guaranteed festival.
Winna plugged into Engine, the game platform Stake opened to outside casinos in September, adding more than 100 games from over 10 studios and giving five players $50 each to try them. (Read the full article)
Thrill added 46 Engine games from Massive Studios and 13 from Knucklehead Syndicate, calling them independent, though both made games only Stake could carry until spinning out in September. (Read the full article)
Rainbet went live with Valkyrie, Paperclip and other Engine studios and YEET listed ten more, while a clip has Stake co-founder Eddie Craven saying Engine games now take "the vast majority of the gameplay."
BC.Game named adult creator Eva Elfie a global brand ambassador, and Leicester City, whose shirt it sponsors, said it has raised fans' boycott concerns directly with the casino.
Rainbet signed former UFC featherweight champion Alexander Volkanovski as a brand ambassador after his UFC 333 win, joining Joshua Van and Sean Strickland on its roster.
Latest Originals
Thrill launched Glass Bridge, its first 3D Original, where players pick tiles that hold or shatter for up to 256,901x on the hardest bridge.
Duelbits released a new Limbo Original with a 1,000,000x maximum target.
Shuffle launched Stonks, publishing the hash chain in advance and seeding it with a future Bitcoin block, the same method Bustabit uses.
YEET launched Alligators, a hand-drawn smack-in-a-row game it calls its newest YEET Original.
Gamba launched Packs, a card-pack game with a 10,000x ceiling: an uncommon offering, not an “original” per se.
BetFury added one-tap Turbo Bet to Keno, running up to 100,000 rounds from $0.05 with a full round summary (branded, supplier unverified).
Housebets raised betting limits on its Originals and offered $5,000 to the first player to bet $50,000 at minimum odds of 2.0.
500 Casino gave its Crash Original a full redesign with new visuals and interface.
Third-Party Releases
Pragmatic Play released Sweet YEET Bonanza 2500, a YEET-branded upgrade of Sweet Bonanza, live exclusively on YEET.
Hacksaw Gaming released Le Clubber, a club-themed slot, live on Dicey since Nov. 4.
Valkyrie released Journey's End TitanWays with a 25,000x max win, live on YEET through Engine.
Paperclip Gaming released Midas Squares with a 25,000x max multiplier, live as a YEET exclusive.
LK7 released Plinko 100000 for Stake with up to 100,000x wins, bonuses and a Turbo mode, now live.
Hacksaw Gaming's Rune Beasts: Deep Trenches went live on Sportsbet.io on Nov. 4.
Croco Gaming released Party Mode, now live as a BC.Game exclusive.
Pixmove released Mine Fall, now live as an exclusive on Qzino.
Latest Drama
@Trainwreckstv on X says his Stake deal hit a reported $75M a month and still won't last
Trainwrecks confirmed a $25 million raise from Stake, putting his deal at a reported $75 million a month for 100 streaming hours. He says he wagered $2.9 billion in 30 hours and is up about $89.5 million.
@Trainwreckstv: the deal "isn't sustainable" … rival casinos should "get their shit together"
He "should" be down about $96 million and thinks the raise came because he will eventually lose it back.
@ToshiBet on X pulls "Deport Dash" with a mock apology
ToshiBet removed its "Deport Dash" game after backlash, in a post that read as a sarcastic apology rather than a retreat. The same week it called rival casinos "snakes" over the Gamdom and 500 Casino edge scandals.
@ToshiBet: "We now must return to political correctness… Welcome bonuses for minorities and illegals will also be implemented."
@Evo_global on X staff push back on Crazy Time "rigging" clips
A viral clip of a Crazy Time wheel stopping abruptly mid-spin set off manipulation claims aimed at crypto players. By week's end, people presenting themselves as Evolution employees were publicly denying the game is rigged.
A gambling streamer: "If you're gambling with crypto, I wouldn't risk a single dollar on @Evo_global…"
Flutter posted a $1.15 billion third-quarter net loss and cut its 2026 EBITDA guidance midpoint by $160 million, as prediction-market spending drove U.S. adjusted EBITDA down 94% to $3 million.
DraftKings cut its 2026 adjusted EBITDA guidance to between $175 million and $275 million as prediction-market marketing pushed sales and marketing spend up 68%, while its net loss nearly doubled to $468.7 million.
Play'n GO is reportedly preparing for a possible sale worth hundreds of millions of euros, days after cutting supply to every major aggregator to close its remaining routes to offshore casinos.
Evolution's board approved up to €675.3 million more in repurchases under its €2 billion buyback, at a slower pace into Q1 2027, after spending €823.9 million on buybacks in Q3.
Betway owner Super Group grew revenue 10% to $611 million and approved a $150 million buyback, but trimmed 2026 guidance after customer-friendly sports results cost about $40 million.
Light & Wonder's third-quarter revenue slipped 2% to $824 million, while net income rose 17% to $133 million and iGaming revenue grew 13% to $97 million.
France's competition authority cleared Betclic owner Banijay Gaming's purchase of JOA and its 33 casinos without conditions, in its first review of a combined land-based and online operator.
Scientific Games named former CDK Global executive Dan Flynn CEO, effective Nov. 2, and moved interim CEO Kevin Schneider to board chair.
Regulation & Enforcement
Curaçao's revised anti-money-laundering rules took effect Nov. 1, giving licensees until February to comply and spelling out when casinos must freeze withdrawals and close accounts that fail ID checks. (Read the full article)
FinCEN named MEXC a primary money-laundering concern and cut it off from U.S. banks, saying the exchange processed at least $16 billion in illicit flows tied to Iran, North Korea and cybercrime.
Cambodia revoked the licenses of 18 casinos linked to Prince Group, suspended 10 more and froze over $300 million in bank accounts as part of its scam-compound crackdown.
The U.S. Treasury sanctioned four people and 41 entities it says helped Prince Group hide assets and evade earlier sanctions, its third round against the Cambodian scam conglomerate.
In its first survey-based estimate, the UK Gambling Commission found 4% of online gamblers used illegal sites, a figure that sits uneasily beside industry claims that illegal stakes have tripled since 2019. (Read the full article)
The UK Financial Ombudsman ordered Santander to refund a customer's offshore casino losses after the bank blocked the wrong account when he said he was addicted, leaving his gambling card open six more weeks. (Read the full article)
Brazil's Supreme Court held its public hearing on the betting ban, but Justice Luiz Fux has not ruled on suspending it, and Congress has until Nov. 23 to vote on the measure.
Nebraska voters rejected both online sports betting measures by about 55% to 45%, ending a campaign of more than $22 million backed by casinos and sportsbooks, so mobile betting stays illegal.
Malaysian police arrested 282 people in nationwide raids on 201 cafes, grocery stores and phone shops allegedly fronting for online gambling and illegal lotteries, naming the Winbox and Alibaba syndicates as targets. (Read the full article)
Turkey's justice minister said authorities have taken legal action against 15,710 illegal-betting suspects in 901 operations across all 81 provinces since February, without giving a breakdown of convictions.
Related News
North Korea denied the FBI's claim it stole about $6 billion from Binance, which says it has covered about 95% of the loss, while the hackers have swapped about $124 million into bitcoin. (Read the full article)
Brazilian exchange Mercado Bitcoin halted withdrawals after a suspected $40 million hack, saying customers lost nothing and no data leaked, but it has given no reopening date. (Read the full article)
Crypto-card provider Gnosis Pay disclosed a breach of its legacy card system that exposed card numbers, CVVs, IBANs and linked wallet addresses, though it says no funds moved.
Binance's CFO stepped down nine days after the record hack, though the co-CEO says the transition was planned six months ago.
Prediction Markets
Kalshi launched single-stock perpetual futures on more than 50 stocks, including Meta and Palantir, two days after the CFTC cleared the product, and did $300 million in volume within hours. (Read the full article)
The CFTC said registered prediction markets generally may not block eligible users by state and must unblock geofenced states within 30 days, putting Kalshi at odds with court orders in Nevada, Michigan and Washington.
Kalshi's 2026 midterm markets passed $2.5 billion in volume, nearly double 2024, and Kalshi and Polymarket say about 98% of resolved races went to the market favorite.
A federal judge barred Kalshi from offering sports contracts on the lands of California tribes Blue Lake Rancheria and Chicken Ranch Rancheria, the first injunction against Kalshi under federal Indian gaming law.
Arkansas Attorney General Tim Griffin sued Kalshi for illegal gambling, partly for taking bets from 18-year-olds in a 21+ state, making Arkansas the sixth state to act against Kalshi.
The NFA approved Polymarket's PM Derivatives as a fully collateralized futures broker, completing its U.S. exchange, clearinghouse and broker setup, though CFTC sign-off is still needed.
Polymarket opened an internal investigation into well-timed Senate bets placed shortly before two New York Times/Siena polls, with Vanderbilt researchers flagging one trader who made more than $257,000.
India had X withhold Polymarket's account in the country under its online gaming law, widening the ban beyond the Polymarket website itself.
Next week
California tribes must give Kalshi a map of their lands by Nov. 13, and Coinbase has agreed to stop offering Ohio sports contracts by the same date.
FairGambling Analytics Spotlight
Deposits across the casinos FairGambling tracks on-chain came to $1.08B for November 2–8, up 7.8% week over week.
Top 10 casinos by deposit volume
Stake took $466.8M, 48% of the top ten's $969.3M; Roobet was next at $147.1M. The biggest mover was Roobet, up 36.1% week over week to $147.1M.
Chain dominance
Ethereum led with 35% of deposits, ahead of TRON at 29% and Solana at 17%.
Coin dominance
USDT carried 56% of deposits, USDC 20% and SOL 9%; ETH was the fastest mover, up 16.2% week over week to $97.1M.
FairGambling tracked 48.34M bets from roughly 365,900 players, $7.83B wagered in total.
Top 5 casinos by wager
Stake handled $5.28B, more than half of the top five's wagers; Roobet was next at $669.4M.
Top games and biggest bets
Day Zero Outbreak led the week at $931.3M wagered, 1.5x the runner-up Waylanders Forge at $630.1M. All five of the biggest bets landed at Stake, between $1.0M and $2.0M; three of them won, the biggest paying $4.0M.
Biggest wins of the week
The top multiplier was 5,148,297× on Mines at Stake, turning a near-zero stake into $26K; all five landed at Stake. The biggest payout was $34.7M on Vice Cash from a $50K stake; all five of the week's biggest wins landed at Stake, $131.0M between them.
