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Other estimates are considerably higher, illustrating how difficult the market is to measure. As an example, separate research from Gaming Compliance International put the value of unregulated online gambling at $5.9 trillion in wagering value in 2025, while estimating that unregulated operators accounted for 78% of global online gaming GGR.

Another report, commisisoned by Euromat, estimates that Europe’s black market has sustained a compound annual growth rate of 18% between 2019 and 2026, and will be worth up to €13 billion by the end of the year.

For enforcement authorities, however, the challenge is not simply estimating its size. It is keeping track of an ecosystem that can continually change domains, infrastructure and acquisition channels. That is where Madsen sees Trace2Trace fitting in.

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That same single-game focus applies to the Raiders, with reporters pressing Kubiak on potential overconfidence following a 27-13 home win over the Miami Dolphins.

“Hopefully [the players] are mature enough to know that one of 17 is nothing,” Kubiak said.

Running back Ashton Jeanty fully participated in practice Friday after dealing with an ankle injury that sidelined him prior to Week 1. Jeanty delivered a standout performance against Miami, rushing for 102 yards on 23 carries while adding six receptions for 45 yards and two touchdowns.

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However, punters can still get their betting fix through the country’s official toto system, which offers authorised products covering soccer and basketball.

Under Japan’s penal code any betting that creates the possibility of gaining or losing property on a matter whose “outcome depends upon chance” may constitute gambling.

Online gambling more broadly remains illegal, with no sign of legalisation in either the short or long term. If anything, the government appears to be moving further away from the activity, and is actively considering website blocking to prevent illegal gambling in the country.