Latest News
Tiidal Announces Completion of the Sale of Sportsflare to Entain

Tiidal Gaming Group Corp. announced the completion of the sale of its wholly-owned subsidiary, Tiidal Gaming NZ Limited (Sportsflare), to Entain Holdings (UK) Limited (Entain), for gross proceeds of C$13,250,000 (the Purchase Price), subject to standard transaction adjustments. Pursuant to the Transaction, the Purchase Price will be retained by Tiidal in a holding account for 180 days (the Holding Period). During the Holding Period, Tiidal may access the funds to satisfy any working capital adjustment or claims brought by Entain and may access up to 20% of the funds to pay reasonable costs related to the Transaction.
The sale of Sportsflare constituted the sale of substantially all of the assets and operating activities of the Company. The board of directors of the Company will assess the available options to return capital received pursuant to the sale of Sportsflare to its shareholders following the expiry of the Holding Period. Any such options will be subject to the receipt of corporate, securities, and tax laws advice, and will be subject to the receipt of all required shareholder, regulatory, and Canadian Securities Exchange approvals. There can be no assurances that any such options will be implemented by the Company.
In connection with closing of the Transaction, the Company granted 2,500,000 restricted share units to the Company’s CEO pursuant to the terms of his employment agreement dated effective January 3, 2022 which were immediately vested into 2,500,000 common shares of the Company in accordance with his employment agreement and issued 1,910,700 common shares to Sportsflare personnel in satisfaction of the earn out entitlements achieved pursuant to the asset purchase agreement dated December 14, 2020, as amended September 24, 2021 (collectively, the Share Issuances). All securities issued pursuant to the Share Issuances are subject to a statutory four month plus a day hold period from their date of issuance. Following the Share Issuances, the Company has 87,603,908 common shares issued and outstanding. In addition, in connection with the closing of the Transaction, all stock options held by the Company’s CEO vested pursuant to the terms of his employment agreement.
Gambling in the USA
NYC Mayoral Front-runner Zohran Mamdani Says He Won’t Oppose Casino Development

As a state lawmaker, Zohran Mamdani generally opposed plans to open full-scale casinos in New York City. In June, when he walked past a billboard showing betting markets for the city mayor’s race, he even quipped that “gambling is haram,” an Arabic word meaning forbidden.
But on Wednesday, Mr. Mamdani said that he did not intend to use his newfound political clout as the Democratic mayoral nominee and the race’s front-runner to try to stop the arrival of casinos that are widely considered a fait accompli.
Speaking alongside the leader of a union pushing the gambling expansion, Mr. Mamdani told reporters that while he still had doubts about the casinos backed by corporate giants, he respected the views of state voters who had approved the downstate gambling expansion more than a decade ago.
Latest News
Brazil Proposes Bill to Raise Gambling Age to 21 and Limit Monthly Bets

Brazil is considering changes to its gambling regulations. The proposed bill would raise the legal betting age to 21. It also aims to introduce a monthly wagering cap, limiting players to the equivalent of one minimum wage.
On Aug. 20, Senator Humberto Costa introduced Projeto de Lei 3,754/2025, a bill that aims to impose new restrictions on Brazil’s gambling industry. The proposal seeks to amend several articles of law 14,790/2023 (the country’s fixed-odds betting legislation), including a ban on gambling advertisements outside the hours of 10 p.m. to 6 a.m. across radio, television, and online video platforms.
The bill would prohibit public displays and sponsorships in cultural, artistic, and festival events. It would also ban gambling marketing in schools and universities and forbid advertising targeting anyone under the age of 21.
In addition to raising the legal gambling age in Brazil, Costa’s bill would establish a monthly betting cap for each player. That would be the equivalent of one minimum wage, which is BRL 1518 (approximately $276). The restriction would apply uniformly across all licensed operators.
Gambling in the USA
Better Business Bureau Reports Increase in Online Gambling Complaints

According to research from Better Business Bureau (BBB), the illegal online gambling market is nearly four times bigger than the legal online gambling industry; $402 billion to $103 billion (estimates from Researchandmarkets.com and the American Gaming Association, respectively).
The BBB says it has received almost 200 scam reports and more than 10,000 business complaints related to online gambling and gaming since 2022. Some scam reports involved theft, while complaints showed a pattern of unclear terms and consumer misunderstandings. In some cases, consumers lost tens of thousands of dollars.
Here are some common questions with answers from the BBB regarding online gambling:
What red flags should I look out for if using gambling or gaming services?
Big promises around payouts and tempting ads without details are common. Many people aren’t aware the people they are dealing with are in countries overseas. People should also be leery of sweepstakes-style games, payment through cryptocurrency and typos in names.
How can I avoid issues with gambling or gaming companies?
Read your state and provincial laws. There are many different laws for online gambling, depending on where you live.
Check for proper licensure. Even if your state allows gambling, it may have a limited list of allowed websites. Check with your state’s gaming agency to see who is licensed.
Read the fine print. The reality of how winning and withdrawal works may be different than your first impression on a website. Check out the details of a specific service and fully understand how they work before sending them any money.
Even legitimate websites may freeze winnings. There are many reasons why a casino or sportsbook might freeze winnings, even if the money is rightfully yours. Know what actions to take if your account is frozen.
Visit BBB.org to check out a business or register a complaint and BBB.org/ScamTracker to report a scam.
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