UK Tightens Gambling Rules, Europe Loses Billions to Illegal Gambling

The UK's Gambling Commission is implementing Financial Risk Assessment procedures for all licensed operators. The goal is to ease customers and operators into the new reality of Financial Risk Assessments (FRAs) and create an environment in which both can thrive friction-free.

In Europe, the illegal online gambling market has surpassed €90bn in 2025, resulting in significant consumer and fiscal harm. The estimated loss in tax revenue is €23bn, according to the European Casino Association and research by Gambling Compliance International.

In Australia, regulators are taking steps to minimize gambling-related harm from offshore and illegal operators. The Australian Communications and Media Authority (ACMA) has taken action against Jamie Mullarkey for promoting offshore gambling services. Additionally, the Australian Competition and Consumer Commission has launched a taskforce to shut down online casinos operating as scams. North Carolina has voted to apply a 6% tax on prediction markets and legalize them in the state.