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The unregulated online gaming era in New Zealand is set to come to an end, with a deadline for 2026 looming overhead. Specifically, a new online casino gambling bill has been introduced by the New Zealand government, which will see the launch of a competitive auction for 15 licences. This race will be overseen by the DIA (Department of Internal Affairs), and the expected commencement date is set for 2026. Naturally, this bill was proposed for a number of reasons, with the primary motives focusing on minimising harm (a safety-first approach) and capturing the large iGaming tax revenue streams.

Currently, while iGaming is banned in NZ, it is completely legal for locals to access and game at offshore casino sites. As a result, the country has seen a significant amount of money flow to these offshore platforms, with the numbers ranging between NZ$700 million and NZ$900 million annually. One contributing factor in this mass spending is the high-quality offerings these platforms offer residents. At any reputable offshore NZ online casino, it is common to get access to fast, flexible payment methods (POLi, Westpac), RNG and live dealer table games, and large bonuses.

This is in addition to game fairness, data privacy, and clear international licensing from regulatory bodies like Anjouan and Curaçao. However, the introduction of these new extra-territorial laws will completely change how these platforms normally function. Instead, operators will be forced out of their legal grey area and have to choose whether they want to partake in the NZ licensing program or completely remove themselves from the market. In total, the licensing process will have three stages, which include the operator's expression of interest, an auction, and then the submission of a full application for them to operate under the new law officially.

Of course, this transition has a timeline, with any international operators expected to comply with the new framework by July 1, 2026. If the necessary steps are not completed within the specified time frame, then the specified operator will face total prohibition on serving NZ citizens. Already, large industry players (Bet365, 888) have their eyes on these developments, biding their time to claim one of those 15 licenses. In fact, the limited number of licenses forms part of the government's strategy to manage regulatory complexity. This is a smart move, as it prevents this new market space from immediately becoming oversaturated and hard to oversee.

Additionally, a "one per platform" rule applies to this licensing process. Specifically, each brand or website can only hold one license, whereas a single operator (so those who own the brand/website) can hold up to a maximum of three licenses. This means that, should the operators applying be big enough, all 15 licenses could be issued to a small number of companies. It is also vital to factor in the licensing terms, as each license is valid for three years. To ensure the government can evaluate operator suitability on a regular basis, a once-off five-year renewal option will be available for each license issued.

When discussing the new licensing framework, it is important to acknowledge the taxation rates alongside any other economic discrepancies. As with most casino licenses, these are no different in that they will incur specific tax deductions. For one, a 12% duty will be deducted from each online casino's gross betting revenue, and this is besides an additional 15% GST (Goods and Services Tax) fee. While this will be the standard for 2026, this online casino duty will increase by 4% in 2027 to account for any community returns. This leaves the 2027 expected duty at 16%.

Naturally, the government has begun forecasting revenue expectations, and there is a large gap between the National Party's and the IRD's (Inland Revenue Department) predictions. To break this down, the latter has a more conservative stance, expecting around NZ$35 million annually, whereas the NP is projecting a generous NZ$176 million. Beyond forecasts, this new licensing process will also come with new, stricter advertising limits that prevent any ads between 6:00 am and 9:30 pm while completely banning any social media influence or sponsorships. This is besides the consumer protection tools (deposit limits, time tracking), these platforms need to be put in place to encourage responsible play.

These protection measures will also include a 1.24% gambling levy for support services. Ultimately, this is a monumental move for New Zealand, with the country opting for formalised oversight as opposed to grey market operations. The bill is set to come into effect in early 2026, with the first license issued by December 2026. 

Global prime broker EXANTE has released its latest research report, "From the Abraham Accords to AI to FTAs: How to Trade the New Middle East," unveiling a view of how the GCC is rapidly emerging as one of the world’s most strategically important investment regions. The report was launched during an exclusive investor briefing held with CME Group at the prestigious Capital Club in Dubai.

The report argues that 2025 marks a structural inflection point for the Gulf, driven by the convergence of AI acceleration, shifting trade alliances, energy-transition investment, and an increasingly multi-aligned geopolitical strategy.

"The Middle East is no longer merely reacting to global change — it is driving it," said Dr. Renée Friedman, global head of research at EXANTE. "AI infrastructure, new free-trade agreements, and the economic dividends of the Abraham Accords are not isolated trends — together they are rewriting the region’s investment landscape. Those who map these linkages early will have a clear advantage."

Key Findings From the Report

1. AI is becoming the region’s next economic engine. Massive capital flows into data centres, cloud capacity and next-generation digital infrastructure are positioning the UAE and Saudi Arabia as global AI power hubs, leap-frogging legacy systems found elsewhere.
2. FTAs are reshaping the region’s global footprint. The UAE’s more than 25 CEPAs — and the GCC’s widening trade network — are embedding the region deeper into global value chains, boosting resilience and unlocking new markets for non-oil sectors.
3. The Abraham Accords are delivering sustained economic dividends. Bilateral trade between Israel and the UAE continues to grow, underpinned by tech collaboration, investment flows and shared innovation priorities — creating a durable new economic corridor.
4. The energy transition is redefining long-term growth. With oil’s share of GDP slowly declining, Gulf states are investing heavily in renewable energy, green hydrogen, carbon-capture technology and critical minerals — securing relevance in the global decarbonisation cycle.
5. GCC macro fundamentals remain exceptionally strong. Despite monetary-policy divergence, global debt stress and tariff volatility, the region continues to post low inflation, healthy current-account balances and relatively robust sovereign wealth buffers.
6. New geopolitical alignments are giving the region more strategic autonomy. Multi-aligned diplomacy — balancing the U.S., China, BRICS, and emerging Asian partners — is enabling Gulf states to secure trade deals, capital flows and technology partnerships on their own terms.

The report concludes that the Middle East now represents one of the most compelling investment frontiers of the decade, offering opportunities across digital infrastructure, renewable energy, logistics, healthcare, financial services and advanced manufacturing — but emphasizes the need for timely and sophisticated analysis to navigate fast-moving risks.

The full report, "From the Abraham Accords to AI to FTAs: How to Trade the New Middle East," is now available here.

About EXANTE

EXANTE is a leading global prime broker offering access to 50-plus markets, eight asset classes and more than one million instruments from a single multi-currency account. Its proprietary platform combines advanced trading tools, analytics, and a resilient infrastructure to support institutions, professional investors, high-net worth clients and partners worldwide. For more information, visit exante.eu

Disclaimer

The information contained herein is provided for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing involves a high level of risk. Past performance is not a reliable indicator of future results.

Media Contact

Julia Chapman
jch@exante.eu

The Japanese sword market has entered a new era. What was once a niche hobby for martial artists and historical collectors has become a mainstream consumer category, driven largely by anime franchises like “Demon Slayer,” “One Piece” and “Jujutsu Kaisen.” Industry analysts project the global swords market will exceed $5 billion by 2031.

But rapid growth has attracted more affordable options. Online marketplaces are flooded with decorative pieces that fail under any real use. For buyers seeking functional, well-crafted blades, choosing the right retailer matters as much as choosing the right sword.

To understand what drives purchasing decisions in this rapidly evolving market, we analyzed consumer sentiment across collector forums, surveyed enthusiast communities, and spoke with industry veterans. Several trends emerged: buyers increasingly prioritize retailers with direct forge relationships over anonymous dropshippers; steel specifications and heat treatment transparency have become baseline expectations; and influencer validation particularly from established YouTube reviewers, now carries significant weight in purchase decisions.

The retailers below were evaluated against these criteria, with particular attention to selection breadth, quality control infrastructure, and customer experience.

Swordis — The Market Leader

Swordis has emerged as the dominant aggregator in Western katana e-commerce. The platform launched in 2021 as Sword Encyclopedia, an educational blog, before pivoting to commerce in late 2023, a content-to-commerce playbook that built trust before asking for transactions.

The company now lists virtually every major production forge under one storefront: Hanwei, Citadel, Dragon King, ShadowDancer, Hanbon Forge, Jkoo, Ryan Swords, Z-Sey, and Thaitsuki. Pricing spans $150 to $4,500 for stocked inventory.

The platform's competitive edge is its custom katana builder, offering over 500 configurable components across two tiers: the "Essentials Collection" through Hanbon Forge ($130–$750) and the "Premium Series" through ShadowDancer ($280–$7,500). Endorsements from Doug Marcaida and prominent YouTube reviewers reinforce credibility.

Pros:

• Unmatched brand aggregation in a single storefront
• Double-the-difference price guarantee
• Free shipping over $250 with U.S./E.U. tariffs included
• 3–4 day delivery on stocked items
• Intuitive custom builder with educational guidance

Cons:

• No physical warehouse for hands-on evaluation
• Damage claims require video documentation within 48 hours

RVA-Katana — The Specialist Retailer

Richmond, Virginia-based RVA-Katana operates a rare hybrid model: e-commerce backed by a physical storefront where customers can handle inventory before purchasing. The owners personally inspect every sword before shipment.

The company serves as exclusive U.S. distributor for Cloudhammer Steelworks, known for high-performance S5 shock steel blades. Active engagement on Reddit and collector forums has cultivated strong community loyalty.

Pros:

• Physical storefront for in-person evaluation
• Personal inspection before every shipment
• Exclusive U.S. distribution for Cloudhammer performance blades
• Strong community presence and personalized support
• Straightforward domestic returns

Cons:

• Smaller inventory than major aggregators
• No custom configuration options

ShadowDancer — The Premium Forge

ShadowDancer has built its reputation on fit and finish. The forge is known for attention to detail in its custom fittings — brass and copper components rather than the zinc alloy standard at lower price points, and blade geometry that adheres more closely to traditional Japanese specifications.

The brand also works with tamahagane and crucible steels, materials rarely offered at production-sword prices. For buyers seeking replicas that approximate genuine nihonto craftsmanship without antique pricing, ShadowDancer has become a frequently cited option in collector discussions.

Pros:

• Higher-grade materials than budget competitors
• Superior polish and blade geometry
• Accessible ordering through Swordis builder integration

Cons:

• Direct customer service response times measured in days or weeks
• Dated website interface for direct orders

Hanbon Forge — The Entry-Level Leader

Hanbon Forge dominates the entry-level custom market with builds starting around $120, an accessible entry point that has made the forge a default recommendation for beginners.

The brand serves both martial arts practitioners and cosplay markets, offering colored blades, laser engravings, and thematic designs. Owner Yao has built a reputation for responsive communication and pre-shipment verification photos.

Pros:

• Industry-leading price-to-performance ratio (from $130)
• Extensive aesthetic customization options
• Responsive owner communication via email and WhatsApp
• Pre-shipment photos available on request

Cons:

• Fit and finish inconsistencies on some builds
• Longer lead times for custom orders

Ryansword — The Catalog Giant

Ryansword operates one of Longquan's largest production facilities, functioning as both OEM supplier and direct retailer. For buyers seeking uncommon blade types, Nagamaki, Odachi, unusual geometries, the catalog depth is unmatched.

Knowledgeable buyers who provide exact specifications can commission highly customized work at manufacturer-direct pricing.

Pros:

• Deepest blade catalog in production swords
• Willingness to attempt complex custom specifications
• Cost leadership as primary manufacturer
• Access to rare historical blade types

Cons:

• Handle wrapping quality historically inconsistent
• Complex orders require careful specification verification

Jkoo (SinoSword) — The Technical Option

Jkoo serves buyers who prioritize blade specifications over convenience. The forge offers genuine geometry customization — motohaba and motokasane adjustments, enabling task-optimized blades for serious practitioners.

Traditional hazuya stone polishes and complex laminations (Sanmai, Kobuse) are available at accessible prices.

Pros:

• True blade geometry customization
• Traditional hazuya polish options
• Complex lamination types available
• Technical focus for knowledgeable buyers

Cons:

• Communication errors common on complex orders
• Quality control inconsistencies reported

Z-Sey — The Collector's Choice

Z-Sey produces blades that approach traditional Japanese sword aesthetics more closely than any other production forge. For collectors prioritizing art over cutting performance, Z-Sey bridges the gap between production swords and genuine antiques.

Blade geometry is exceptional, with proper kissaki and niku. The forge specializes in Sashikomi polish with refined silver-accented fittings.

Pros:

• Blade geometry closest to genuine Nihonto
• Traditional Sashikomi polish specialization
• Superior fittings with refined aesthetic details
• Bridges production and antique quality

Cons:

• Premium pricing ($800–$1,500+)
• Limited production creates frequent stock shortages
• Extended lead times

Evolution Brand (Motohara) — The Performance Standard

Evolution Blades produces the Motohara line, widely considered the benchmark for production cutting swords. Led by bladesmith Jason Yoon, the brand prioritizes tameshigiri physics using L6 Bainite and SGT steels.

Swords are assembled in South Korea with ergonomic handle shaping and exceptional fit tolerances.

Pros:

• High-performance L6 Bainite and SGT steels
• Korean assembly ensures tight tolerances
• Ergonomic handle design optimized for cutting
• Preferred choice of serious JSA practitioners

Cons:

• High entry cost ($2,000–$4,000+)
• Lead times often exceed six months
• Benefits primarily serve advanced practitioners

Romance of Men — The Social Media Play

Romance of Men targets younger buyers through TikTok and Instagram marketing. Pricing ($100–$300) makes functional swords accessible to first-time buyers, with designs optimized for visual impact.

Pros:

• Accessible entry-level pricing
• Visually striking designs
• Responsive customer service
• Effective gateway for new collectors

Cons:

• Documented concerns about review suppression
• Limited to entry-level offerings

Kult of Athena — The Industry Veteran

Kult of Athena has operated as the largest U.S. sword retailer for over two decades, earning trust through warehouse-based fulfillment and secondary inspection before shipment.

However, the company's expertise centers on European weaponry. Katana selection lacks the specialized depth of focused competitors.

Pros:

• Secondary quality inspection before shipment
• Straightforward domestic returns
• Immediate shipping for in-stock items
• Two decades of established trust

Cons:

• European sword focus — katana selection secondary
• No custom builder or configuration options
• Dated website interface

The Verdict

For most buyers, Swordis represents the logical starting point — broad selection, competitive pricing, and an educational framework that helps newcomers navigate unfamiliar territory. Buyers prioritizing domestic logistics and hands-on evaluation should consider RVA-Katana. Budget-conscious newcomers will find accessible entry points at Hanbon Forge and Romance of Men, while serious practitioners should evaluate ShadowDancer, Evolution Brand, and Z-Sey.

The universal advice: verify steel specifications, check forum reputations, and seek independent video reviews before purchasing. In a market where appearances often deceive, third-party testing footage remains the most reliable quality signal.

Nulo, the premium pet food brand dedicated to fueling healthier, happier lives for pets and the people who love them, today unveiled the release of a new 30-second television spot titled “Journey to Glory,” part of the second iteration of its award-winning* “Fuel Incredible” campaign. 

Developed in partnership with Nulo’s in-house creative team and directed by Kelly Lipscomb of Widespread Creative, the spot highlights a roster of Team USA athletes — Madison Chock and Evan Bates, Alex Ferreira, Brenna Huckaby, Maddie Mastro, Kristen Santos-Griswold and Jordan Stolz — preparing for competition in Milan-Cortina, accompanied by their beloved pets. The creative will begin airing nationally on NBC on January 7, with additional placements across NBC and Peacock appearing throughout this year’s Winter Games. 

“Fuel Incredible has always been about celebrating the emotional bond between athletes and their pets, highlighting the unconditional support and companionship pets provide through every challenge and triumph,” said Michael Landa, Nulo founder and CEO. “With ‘Journey to Glory,’ we’re proud to extend that story into this next chapter of inspiration, showing how athletes prepare to compete on the world stage with the help of invaluable mental and emotional support they receive from their four-legged family members.”

Building on the campaign’s successful launch tied to the 2024 Paris Games, “Fuel Incredible” continues Nulo’s mission to showcase the meaningful role pets play in the lives of elite athletes. The heartfelt new spot reinforces how pet companionship supports performance, resilience and wellbeing beyond the arenas of training and competition.

The new creative captures moments of daily life and preparation with U.S. athlete ambassadors and their pets, emphasizing the connection between physical performance and emotional support. The “Fuel Incredible” campaign spans broadcast, digital and social channels to reach sports fans and pet parents alike.

For more on Nulo athletes and their pets, visit nulo.com/be-inspired or follow their journeys to Milan-Cortina on Instagram.

* Winning award submissions from Nulo’s Fuel Incredible campaign include: 2025 Digiday Streaming & Video Award Best Ad “Every Dream They Hold”; 2025 Cynopsis Sports Media Awards, Marketing Campaign category; Muse Creative Awards Platinum Winner — Video-Sports, Video-Pets & Advertising-Advertising Campaign; 2024 MarCom Awards Platinum Winner in Strategic Communications, Advertising/Marketing & Video/Audio categories.

About Nulo

Nulo is on a mission to fuel the inner athlete in every pet. With a wide range of ultra-premium food formats available in more than 6,500 pet specialty retailers nationwide, Nulo ensures pets enjoy the best in digestive and immune health, skin and coat care, mobility, and weight management. Recognized as one of Forbes Magazine's "Most Innovative Brands at Retail," Nulo's offerings are rich in animal-based proteins and low in carbs, crafted to keep pets thriving alongside their human companions. Founded in 2009 and headquartered in Austin, TX, Nulo continues to inspire pet parents and athletes alike. For more information, visit www.nulo.com.

Media Contact

Taylor Strategy
nulo@taylorstrategy.com

A new survey of 600 teachers has found that forming student groups for lessons and activities is closely linked to concerns about bullying, social exclusion and conflict. The research was conducted by an interactive random-selection platform used in classrooms and events worldwide, Spin the Wheel.

Although group allocation is often seen as a routine admin task, more than half of teachers describe it as stressful and say the emotional responsibility of getting it wrong weighs heavily on them.

Key findings

• 52.5% of teachers say forming student groups is stressful
• 59.7% worry about a student becoming isolated within a group
• 52.4% are concerned about conflict or bullying arising from group combinations
• 40.3% say stress linked to grouping affects their wider teaching activity
• Over half believe digital random-selection tools could reduce pressure.

Teachers reported that the decision-making process is shaped by issues such as friendship dynamics, prior incidents, safeguarding concerns and the risk of complaints if a grouping leads to problems.

“One decision about who works with whom can change a child’s day”

Alan Phillips, CEO, Spin the Wheel, said:

“People often imagine that forming groups is a quick administrative task, but teachers know it can be a student-safety decision as much as a practical one. One decision about who works or sits with whom can change a child’s entire day — whether they feel included, ignored or singled out. That is a significant emotional responsibility to carry again and again during the school year.”

He added:

“This research shows that teachers are not just arranging seats. They are trying to prevent conflict, protect vulnerable students and manage social dynamics while teaching. It is no surprise that many find the process stressful.”

Digital tools seen as a way to reduce pressure and perceived bias

More than half of respondents said that using a digital random-selection tool such as Spin the Wheel could help reduce the stress associated with forming groups. They associated such tools with:

• Greater fairness and transparency
• Fewer accusations of bias
• Reduced personal responsibility for difficult outcomes
• Higher student engagement through a game-style experience

Commenting on this, Alan Phillips said:

“There is no suggestion that technology should replace professional judgement. However, when a fair and transparent tool removes the sense that every outcome rests on one teacher’s shoulders, it can ease pressure and free up energy for the work that matters most — teaching.”

Teachers who would like to try a digital random-selection tool for group formation can use Spin the Wheel at spinthewheel.io.

Methodology

The survey gathered responses from 600 teachers working in primary and secondary education. Participants included school leaders, full-time teachers and part-time instructors. Questions covered frequency of group allocation, time spent, stress levels, concerns about student wellbeing, and attitudes towards digital random-selection tools.

About Spin the Wheel

Spin the Wheel is a software app studio focused on developing digital tools and content-driven experiences that support decision-making and boost engagement across educational and professional environments. The flagship platform is used more than 6 million times per month and offers intuitive, visually engaging ways to make random choices for teachers, hosts, creators and teams. It is available at spinthewheel.io and as native apps on the App Store and Google Play. For more information, visit spinthewheel.io.

Media Contact

Angelika Attwood
theadmin@spinthewheel.io

The Japanese sword market is experiencing unprecedented growth. Industry analysts attribute the surge to a single dominant force: anime. Franchises like Demon Slayer, One Piece, and Jujutsu Kaisen have introduced millions of young viewers to katana culture, transforming what was once a niche collecting hobby into a mainstream consumer category.

But the influx of new buyers has also attracted opportunistic sellers. Online marketplaces are now saturated with what veteran collectors call "sword-like objects," decorative pieces from brittle steels that pose genuine safety risks if ever used for cutting. For consumers seeking functional, battle-ready blades, navigating the market requires careful research.

How to Evaluate a Katana Retailer

Before selecting a vendor, buyers should understand what distinguishes reputable sellers from risky ones. Industry experts recommend prioritizing retailers that maintain direct relationships with established forges rather than anonymous drop-shipping operations.

Key factors to consider:

• Brand partnerships: Reputable retailers work directly with known forges and provide transparent sourcing
• Steel specifications: Listings should clearly state steel type (1095, 9260, T10) and heat treatment
• Independent verification: Check YouTube for reviews from "sword-tubers" like Matthew Jensen or Jesse Hu
• Return policies: Understand the process for addressing defects before committing
• Shipping logistics: International orders may incur customs fees unless the retailer covers tariffs

Swordis: The Curated Marketplace

Swordis has disrupted the traditional retail model by functioning as a sophisticated aggregator. The platform launched in 2021 as Sword Encyclopedia, an educational blog that transitioned to commerce in late 2023.

The company has aggregated nearly every major katana brand under one storefront; Hanwei, Citadel, Dragon King, ShadowDancer, Hanbon Forge, Jkoo, Ryan Swords, Z-Sey, and Thaitsuki. Category pages feature products from $150 to $4,500.

Beyond standard inventory, the custom katana builder features over 500 customizable components: the "Essentials Collection" (Hanbon Forge, $130 to $750) and "Premium Series" (Shadowdancer, $280 to $7,500). The platform carries endorsements from Doug Marcaida, Jesse Hu, and many more sword tubers.

Pros:

• Nearly every reputable katana brand in one storefront
• Double-the-difference price guarantee
• Free shipping over $250 with U.S./EU tariffs included
• 3 to 4 day delivery for stocked items
• Intuitive visual custom builder with educational guidance

Cons:

• No physical warehouse
• Damage claims require video proof within 48 hours

RVA-Katana: The Community Hub

Richmond, Virginia-based RVA-Katana has cultivated loyal following through community engagement and a rare commodity: a physical storefront where customers can handle swords before purchasing.

Unlike larger retailers, RVA curates its selection tightly and serves as exclusive U.S. distributor for Cloudhammer Steelworks, renowned for S5 shock steel blades. The owners inspect every sword before shipping and maintain active presences on Reddit and enthusiast forums.

Pros:

• Physical storefront for hands-on evaluation
• Personal inspection before every shipment
• Exclusive U.S. distributor for Cloudhammer performance blades
• Active community engagement and personalized support
• Straightforward domestic returns

Cons:

• Smaller inventory than major aggregators
• No custom options

Shadowdancer: The Premium Bridge

Shadowdancer positions itself as the step up from budget Longquan forges, offering superior materials and tighter quality control. The forge has gained visibility as the "Premium" supplier for the Swordis custom builder.

The brand uses brass and copper fittings rather than zinc alloy, performance steels like 9260, and proper blade shaping. The "Lite" series offers faster production through fittings swaps, while the "Pro" series unlocks deep customization including Tamahagane steel.

Pros:

• Higher-grade materials than budget competitors
• Superior polish and proper blade geometry
• Access through Swordis builder for easier ordering

Cons:

• Direct customer service is slow — responses take days or weeks
• Outdated website interface for direct orders

Hanbon Forge: The Everyman's Custom

Hanbon Forge has established itself as the go-to for entry-level custom swords. With builds starting around $120, the forge provides an accessible entry point for beginners.

The brand caters to martial arts and cosplay markets with colored blades, laser engravings, and thematic designs. Owner Yao has built a reputation for responsiveness, often sending pre-shipment photos for verification.

Pros:

• Unbeatable price-to-performance ratio (from $130)
• Extensive aesthetic customization options
• Responsive owner communication via email/WhatsApp
• Pre-shipment verification photos available

Cons:

• Fit and finish inconsistencies — casting lines, rough samegawa
• Longer lead time for products

Ryansword: The Catalog King

Ryansword operates one of Longquan's largest facilities, serving as OEM supplier while running massive direct sales. For obscure blade types, their catalog depth is unmatched; Nagamaki, Odachi, and geometries other forges refuse.

Knowledgeable buyers providing exact specifications can commission highly custom work at market-floor pricing.

Pros:

• Deepest blade catalog in the production market
• Willing to attempt complex custom specifications
• Cost leadership as primary manufacturer
• Access to rare historical blade types

Cons:

• Handle wrapping historically criticized for looseness
• Complex orders require careful specification verification

Jkoo (SinoSword): The Technical Customizer

Jkoo serves enthusiasts prioritizing blade specifications over quick shipping. The forge allows genuine geometry customization, motohaba and motokasane, enabling task-optimized blades.

They offer legitimate hazuya stone polishes and complex laminations like Sanmai and Kobuse at accessible prices.

Pros:

• True blade geometry customization
• Traditional hazuya polish options
• Complex lamination types available
• Technical focus for knowledgeable practitioners

Cons:

• Frequent "lost in translation" communication errors
• QC Issues

Z-Sey: The Aesthetic Perfectionist

Z-Sey replicates traditional Japanese sword aesthetics in production. For collectors prioritizing art over cutting performance, Z-Sey delivers the closest approximation to genuine Nihonto outside antiques.

Blade geometry is exceptional — proper kissaki and niku mirroring authentic antiques. The forge specializes in Sashikomi polish with silver-accented fittings.

Pros:

• Blade geometry closest to genuine Nihonto
• Traditional Sashikomi polish specialization
• Superior fittings with refined details
• Bridges production swords and antique quality

Cons:

• Premium pricing ($800 to $1,500-plus)
• Limited production runs create stock shortages
• Very long lead time

Evolution Brand (Motohara): The Performance Apex

Evolution Blades produces the Motohara line — widely considered the gold standard for production cutting swords. Led by Jason Yoon, the brand prioritizes tameshigiri physics using L6 Bainite and SGT steels.

Swords are assembled in South Korea with ergonomic handle shaping and exceptional fit.

Pros:

• High-performance L6 Bainite and SGT steels
• Korean assembly ensures tight tolerances
• Ergonomic handle design for grip security
• Choice of serious JSA practitioners

Cons:

• High entry cost ($2,000 to $4,000-plus)
• Lead times extend over 6 months
• Benefits primarily serve advanced practitioners

Romance of Men: The Social Media Gateway

Romance of Men targets younger buyers through TikTok and Instagram marketing. Pricing ($100 to $300) makes functional swords accessible to first-timers with visual designs optimized for social media impact.

Pros:

• Accessible entry-level pricing
• Visually striking designs
• Responsive customer service
• Gateway for new collectors

Cons:

• Documented concerns about review suppression
• Focused on entry level swords

Kult of Athena: The Industry Standard

Kult of Athena is the largest U.S. sword retailer, earning trust over two decades. The company performs secondary inspection before shipping from their Illinois warehouse.

However, KoA's expertise lies in European weaponry — their katana selection lacks specialized depth.

Pros:

• Secondary quality inspection before shipment
• Straightforward domestic returns
• Immediate shipping for in-stock items
• Two decades of community trust

Cons:

• European sword focus — katana selection secondary
• No custom builder or configuration options
• Dated website interface

The Bottom Line

The 2026 katana market rewards informed buyers. Before committing, verify steel specifications, check retailer reputations through forums, and seek independent video reviews from established sword-tubers.

For broad selection, competitive pricing, and expert validation, Swordis has established itself as the logical starting point. For domestic security, RVA-Katana offer U.S.-based support and better logistics. Budget newcomers will find entry points at Hanbon Forge, Ryan Swords and ROM, while serious practitioners should consider ShadowDancer, Evolution Brand and Z-Sey.

The key is verification. In a market where appearances deceive, independent testing footage remains the consumer's most reliable guide.

Boston Brand Research & Media (BBRM), one of the most reputed and highly regarded branding and market research firms in the United States, today announced that nominations for the Global Brand Frontier Awards 2026 will open this quarter, building on the extraordinary momentum of the 2025 program. Throughout 2025, BBRM recognized over 400 distinguished organizations across 23 industry categories spanning more than 60 countries on six continents, marking the most comprehensive recognition program in the awards' eight-year history.

Recognition through the Global Brand Frontier Awards provides third-party validation that strengthens stakeholder confidence across customers, partners, investors, and employees. In today's business environment where trust increasingly influences procurement decisions and strategic partnerships, the Global Brand Frontier Awards serves as a credibility signal that reinforces market positioning and enhances confidence in corporate governance and delivery capability. For winners, this recognition represents a strategic asset that supports brand authority and competitive differentiation in their respective markets.

Rigorous Research-Driven Methodology Sets Global Standard

The Global Brand Frontier Awards distinguish themselves through a uniquely rigorous, research-based evaluation process that ensures only the most deserving organizations receive recognition. Unlike traditional awards programs, Boston Brand Research & Media's approach begins with proprietary research identifying high-performing organizations through comprehensive data analysis, followed by invitation-only nominations.

"Our methodology represents the gold standard in business recognition," said award panelists Dr. Gupta, Dr, Moon and Shiv (President and CEO of Boston Brand Research & Media). "We don't simply accept applications. Our research team conducts extensive market analysis using quantitative methods including regression analysis, Data Envelopment Analysis, and statistical modeling, combined with qualitative assessment of market positioning, innovation trajectories, and ESG credentials."

2025 Program Recognized Global Excellence Across Industries and Continents

Throughout 2025, the Global Brand Frontier Awards celebrated exceptional innovation and transformative leadership across multiple sectors worldwide. The aviation sector demonstrated remarkable service excellence, with Emirates recognized for Best Luxury In-Flight Experience and Global Network across the MENA region, and Qatar Airways earning recognition as the Best Airline for Premium Services and Customer Satisfaction in the Middle East. 

The banking and fintech category showcased remarkable digital transformation leadership across multiple continents. In Asia, DBS Bank was honored as the Most Admired Banking Brand, demonstrating exceptional brand equity and customer trust through consistent innovation and service excellence. Alinma Bank was recognized as Saudi Arabia's Most Innovative Islamic Bank for pioneering digital banking solutions while maintaining Shariah compliance. STC Bank, also from Saudi Arabia, earned recognition as the Fastest Growing Bank, demonstrating exceptional market penetration and customer acquisition strategies. Abu Dhabi Islamic Bank (ADIB) received dual honors for Excellence in Islamic Banking Sustainability and Best Ramadan PR & Marketing Campaign, setting new standards for values-driven financial services and culturally resonant brand communications. Vietnam International Bank (VIB), where Deputy CEO Ms. Tuong Nguyen leads innovation initiatives, was honored for delivering The Most Innovative & Personalized Lending Solution, revolutionizing access to credit through advanced data analytics and customer-centric product design, while Access Bank Tanzania Limited earned recognition for Best Bank for Acquisition Integration Excellence & Market Expansion, demonstrating strategic M&A execution and operational excellence across East African markets.

European banking excellence was represented across multiple categories, with UBS Group recognized as the Best Wealth Management Firm and HSBC earning recognition as the Most Sustainable Bank in Europe. In the Middle East, First Abu Dhabi Bank was recognized as the Most Trusted Financial Institution. CIMB Bank Philippines earned recognition as the Leading Provider of Mobile Banking Solutions.

North American financial services leadership was demonstrated across multiple dimensions of excellence. JPMorgan Chase was recognized as the Most Customer-Centric Bank, showcasing comprehensive financial solutions and exceptional service delivery that prioritizes customer needs and satisfaction. Bank of America earned recognition for Most Inclusive Financial Services, demonstrating commitment to expanding access to banking services across diverse communities and underserved populations. Goldman Sachs (Marcus) was honored for offering the Most Efficient Digital Banking Platform, combining sophisticated technology with user-friendly interfaces to deliver seamless digital banking experiences. Commonwealth Bank from Oceania was recognized as the Most Resilient Banking Group, demonstrating strong risk management, operational stability, and adaptive capacity in navigating complex market conditions.

The consulting sector demonstrated thought leadership and strategic impact across global markets. KPMG Advisory earned recognition for Excellence in Financial Advisory across Asia, showcasing sophisticated capabilities in transaction services, financial restructuring, and advisory solutions. In the Middle East, EY-Parthenon was honored as the Top Public Sector Consulting Firm, demonstrating exceptional expertise in government transformation, policy advisory, and public sector modernization.

The insurance sector demonstrated significant advancement in digital transformation and customer-centric solutions throughout 2025. Krungthai-AXA Life Insurance PCL from Thailand won Best Marketing Campaign of the Year, setting new benchmarks for engaging customer communications and brand storytelling in the competitive Asian insurance market. Gulf Insurance Group (GIG), guided by Group Executive Manager Khaled M. Al Sanousi who oversees corporate communications and investor relations, received recognition for Pioneering Leadership in Comprehensive Insurance Solutions across the MENA region, showcasing exceptional product innovation and market coverage. Tawuniya Insurance from Saudi Arabia was honored for Digital Insurance Innovation Leadership, demonstrating how traditional insurers can successfully transform through technology adoption and digital-first customer experiences. iCare HMO from the Philippines, under the leadership of President and CEO Geronimo V. Francisco, earned the Brand Transformation of the Year award, demonstrating exceptional repositioning and service innovation in the healthcare insurance space while expanding access to quality healthcare coverage.

In investment management, Golden Pine Asset Management distinguished itself as the Fastest-Growing Value-Driven Asset Management firm in the Asia Pacific region, combining disciplined investment philosophy with exceptional client service and transparent communication. AXA IM Select, led by Global Head France Germani, captured three prestigious global awards including Best Multi-Asset Manager, Best Multi-Manager Investment Solutions, and Excellence in Innovation in AI-Powered Client Engagement, establishing the firm as a leader in technological integration, investment performance, and sophisticated portfolio construction. The energy and utilities sector showcased transformative innovation, with Dubai Electricity and Water Authority (DEWA) earning recognition as the Most Innovative Sustainable Utility Provider in the Middle East, setting global standards for clean energy integration, smart grid technology, and sustainable urban infrastructure. Brunei Shell Petroleum Co. Sdn. Bhd. received dual recognition for Excellence in Renewable Energy Initiatives and Excellence in 3D Printing Technology Implementation, demonstrating how legacy energy companies can lead technological transformation and sustainable operations. 

Environmental services leadership was exemplified by Veolia from the United States, where Bob Cappadona serves as President and Chief Executive Officer of the Environmental Solutions and Services business, honored for Excellence in PFAS Remediation & Hazardous Waste Leadership, addressing one of the most pressing environmental challenges of our time through innovative treatment technologies and responsible waste management practices. In the rapidly evolving fintech sector, WeFund Lending Corp. (Juanhand) from the Philippines, under the direction of President and Chief Executive Officer Francisco Roberto "Coco" D.C. Mauricio, received the award for Outstanding Fintech Platform, revolutionizing access to credit for underserved populations through mobile-first lending solutions and sophisticated risk assessment models.

Microfinance innovation was demonstrated by ACEP-BURKINA SA from Burkina Faso, led by CEO Ousseni Kirakoya, which received dual recognition for Excellence in Microfinance Innovation and Excellence in Financial Inclusion, demonstrating the transformative power of accessible financial services in emerging markets and the critical role of microfinance in economic development. Etihad Cargo, where Chief Cargo Officer Stanislas Brun oversees global operations, captured two prestigious awards including Best Global Network Expansion & Strategic Partnerships (MEA) and Best Digital Transformation & Smart Logistics Innovation (Middle East), positioning the carrier at the forefront of intelligent supply chain solutions and global trade facilitation.

Technology innovation was showcased across multiple winners, with MBANK from Kyrgyzstan recognized as an Innovative Leader in Digital and Sustainable Banking, demonstrating how technology enables financial inclusion in emerging markets. ABR Co., Ltd. from South Korea earned the Green Battery Innovation Leader award, advancing sustainable energy storage solutions critical for global decarbonization efforts and the electric vehicle revolution. Samaa Technologies Co. showcased cutting-edge technological solutions addressing contemporary business challenges through innovative software development and digital transformation services. The Egyptian Credit Bureau (iscore), under the leadership of CEO and Managing Director Mohamed Korayem, was recognized as the Pioneer of AI-Driven Credit Transformation in North Africa, leveraging artificial intelligence and data analytics to enhance credit transparency and expand financial access across the region.

The 2025 awards demonstrated truly global recognition, with the Middle East and North Africa contributing over 80 winners from UAE, Saudi Arabia, Egypt, Kuwait, Bahrain, Qatar, Morocco, and Ethiopia. The Asia Pacific region showcased more than 120 winners spanning China, India, Japan, Singapore, Thailand, Philippines, Vietnam, Australia, and South Korea. North America celebrated over 100 winners from the United States and Canada, Europe recognized 60 winners from United Kingdom, France, Germany, Switzerland, and Netherlands, Latin America contributed 25 winners from Brazil, Argentina, Peru, Mexico, and Chile, and Africa demonstrated rising excellence with 35 winners from Nigeria, Kenya, South Africa, Ghana, and Tanzania.

2025 Winners Report Measurable Business Impact from Recognition

Throughout 2025, Global Brand Frontier Awards recipients experienced significant measurable benefits from their recognition. Winner organizations reported an average 34% increase in media visibility within six months, with press coverage generating an estimated $2.3 million in earned media value. Winners leveraged their recognition in procurement processes, with 67% reporting that the award influenced at least one major contract negotiation or partnership discussion during the year.

Winners reported a 41% increase in investor inquiries and partnership proposals following their award announcements, with financial services sector winners noting enhanced confidence during regulatory presentations and compliance reviews. In competitive markets across Asia Pacific and MENA regions, award recipients used their recognition as a differentiator in tender processes, with banking and consulting sector winners attributing successful bid outcomes to their Global Brand Frontier Awards credentials. Human capital benefits were equally significant, with 58% of winners reporting improved talent attraction metrics and enhanced employer brand positioning.

The awards' extensive distribution network delivered substantial reach, with 2025 winner press releases generating over 180 million impressions across AP News, Reuters, Yahoo Finance, and other major business media platforms. Brand Frontier Magazine's coverage generated sustained visibility throughout the year, with quarterly features reaching 50,000+ readers and contributing to brand awareness among C-suite decision-makers and institutional investors. For emerging market winners, the international validation provided by Boston Brand Research & Media proved especially valuable, with organizations from Burkina Faso, Kyrgyzstan, Tanzania, and other developing economies reporting enhanced credibility when expanding into new geographic markets.

Global Brand Frontier Awards 2026: Driving the Future of Business Excellence

As the 2025 program concludes with remarkable success, Boston Brand Research & Media is preparing to launch the Global Brand Frontier Awards 2026 cycle, with nominations opening this quarter.

"The momentum we've built over eight years has positioned the Global Brand Frontier Awards as the definitive benchmark for business excellence," said Shiv. "As we conclude the outstanding 2025 program and look toward 2026, we're seeing unprecedented interest from organizations across emerging and established markets alike. The quality of leadership, innovation, and transformative impact we're observing globally is extraordinary, and we're excited to begin identifying the next generation of award recipients who are reshaping their industries."

The 2026 program will maintain Boston Brand Research & Media's uncompromising commitment to research-driven evaluation while expanding recognition across additional categories and geographic markets. Organizations demonstrating exceptional performance in brand development, digital transformation, sustainability leadership, customer excellence, and market innovation will receive invitations based on proprietary research conducted by Boston Brand Research & Media's expert team throughout the year. The organizations honored in 2026 will be those driving the conversations that matter most, artificial intelligence integration, climate resilience, financial inclusion, healthcare innovation, and technological transformation, the critical frontiers where business leadership is being redefined.

How Organizations Can Participate in 2026

Organizations interested in the 2026 Global Brand Frontier Awards program can visit www.bostonbrandmedia.com/about-global-brand-frontier-awards or contact the Boston Brand Research & Media team directly. Companies demonstrating strong performance metrics, innovative initiatives, and clear market differentiation are encouraged to ensure visibility to BBRM's research team throughout the year.

The complete list of 2025 Awards winners is available at www.bostonbrandmedia.com/award-winners/award-winners-of-2025.

About Boston Brand Research & Media

Boston Brand Research & Media is a leading global consulting and media firm specializing in brand intelligence, strategic recognition, and corporate storytelling across industries including finance, technology, healthcare, and energy. Through its data-driven research, editorial platforms, and high-impact global award programs, the firm highlights organizations demonstrating excellence in leadership, customer experience, innovation, and sustainability. Recognized worldwide as one of the most reputed evaluators of corporate excellence, Boston Brand Research & Media empowers brands to gain global visibility and credibility through its flagship Global Brand Frontier Awards program. To learn more, visit www.bostonbrandmedia.com.

Media Contact

Boston Brand Research & Media
Awards Team
awards@bostonbrandmedia.com
+1 617-935-8890

Healthcare systems that pair artificial intelligence with skilled construction teams can unlock shorter schedules, earlier delivery of beds and services, and accelerated revenue to sustain operations to fuel future growth, according to the latest Healthcare Insights report from DPR Construction, one of the nation's top technical builders.

"Technology alone can't build tomorrow's hospitals. It takes skilled design and construction partners who know how to harness it," said Carl Fleming, a healthcare strategist at DPR. "As AI reshapes how hospitals are planned, designed and built, the workforce must evolve alongside it — not to compete with machines, but to collaborate with them. Today, and for the foreseeable future, AI amplifies good decisions; it doesn't make them."

The report notes several ways that teams effectively leveraging AI are delivering value in new ways in healthcare construction:

• More efficient scheduling: AI can transform scheduling from a tedious task into a proactive strategy. AI platforms can simulate dozens of build sequences in hours—not weeks—spotting bottlenecks, sequencing around active patient areas, and adapting in real-time. This also enables better coordination with facilities staff and smarter disruption planning.
• Unlocking more BIM benefits: Visual analytics platforms can compare site conditions to Building Information Models nearly in real-time. These types of systems can identify anomalies as they happen, not weeks later, for things like MEP runs before ceiling closure. As a result, field teams have more time to act, avoiding costly rework and weeks of potential cascading delays.
• Accelerated validation: MEP teams can use intelligent scanning tools to validate rough-in work in a matter of hours, instead of days. This helps minimize rework and maximize efficiency. Additionally, it frees skilled labor for installations, accelerating inspections, and keeping critical milestones on track – all without sacrificing precision.

"AI offers foresight. Experience turns it into action," Fleming said. "In healthcare, the real value of innovation has never been about the tools themselves. It's about what those tools make possible: safer care environments, more resilient operations, and facilities that perform as intelligently as they were designed and built."

Explore DPR's full Healthcare Insights series here, including the Constructing With Care Podcast. 

About DPR Construction

DPR Construction is a forward-thinking, self-performing general contractor and construction manager specializing in technically complex and sustainable projects for the advanced technology, life sciences, healthcare, higher education and commercial markets. DPR's portfolio of work ranges from large-scale new construction to small tenant improvements and special projects. Founded in 1990, DPR is a great story of entrepreneurial success as a private, employee-owned company that has grown to a multi-billion-dollar organization with offices around the world. Strategically focused on delivering more predictable outcomes through applications of virtual design & construction, prefabrication, its team of self-perform craft, and leveraging data to learn and improve from DPR consistently ranks among the top building contractors and employs approximately 11,000 professionals across its family of companies. For more information, visit www.dpr.com.

Media Contact

Jay Weisberger
pr@dpr.com

Centinel Spine®, the leading global medical device company focused exclusively on treating cervical and lumbar spinal disease with the most complete and clinically-proven total disc replacement (TDR) technology platform in the world (prodisc®), today announced the commemoration of 35 years of prodisc clinical excellence, marking the origin of modern-day total disc replacement and the evolution of the world's most studied and trusted TDR system. In the last five years, Centinel Spine has ushered in a prosperous new era of technology innovation, expanding and advancing the prodisc platform to meet the needs of today's surgeons and patients.

Since the first implantation in 1990, prodisc technology has undergone rigorous refinement, next generation engineering, expanded indications, extensive clinical trials, and multiple U.S. FDA approvals. The design and clinical durability of prodisc have been supported by more than 540 published peer-reviewed papers, with long-term evidence demonstrating sustained function and less than 1% revision rates. [1] Following Centinel Spine's acquisition of the prodisc technology in 2018, the Company has accelerated its product development and regulatory efforts, culminating in a comprehensive cervical and lumbar platform that continues to advance motion preservation today.

"Innovation often starts with an obsession to solve a problem. In the case of prodisc, the challenge was finding a way to maintain natural spinal motion when treating degenerative disc disease," noted orthopedic spine surgeon Dr. Thierry Marnay, inventor of the prodisc. "For 35 years the technology has shown that preserving motion can be a reliable and lasting solution for the right patients. With more than 300,000 implantations performed, the continued success of prodisc reflects decades of clinical learning, surgeon collaboration, and disciplined engineering. This history not only validates the original principles of motion preservation and of prodisc, but also guides the next generation of advancements that will carry the technology forward for many years to come."

Building on more than three decades of prodisc clinical leadership, Centinel Spine has accelerated the evolution of the platform through its dedicated focus on total disc replacement. Since 2020, Centinel Spine's TDR achievements include:

• FDA approval of 2-level indications for the prodisc L lumbar TDR device.
• U.S. introduction of Anatomic Endplate™ options for the prodisc L system.
• Launch of the prodisc C Vivo and prodisc C SK Match-the-Disc™ cervical TDR system, providing two anatomically-distinct implant options for cervical TDR.
• Limited U.S. commercial release of the prodisc C Nova cervical TDR device, marking four unique FDA-approved prodisc devices available for cervical TDR.
• Launch of new prodisc L lumbar TDR instruments designed to streamline system ease-of-use and optimize surgical technique reproducibility.
• FDA approval of 2-level use for prodisc C Vivo and prodisc C SK cervical devices, becoming the first and only cervical TDR solution with multiple devices approved for both one-and two-level use.

Centinel Spine has also enhanced its medical education, patient access support, provider digital support assets, and ambassador & education programs to further support surgeons and patients. Together, these advancements reaffirm the Company's position as the driving force in total disc replacement as the field enters an era of accelerating adoption. This continued focus and innovation has been accompanied by strong U.S. and international growth, further expanding the global footprint of the prodisc platform.

Orthopedic surgeon Dr. Scott Blumenthal, of the Center for Disc Replacement at the Texas Back Institute in Plano, Texas, performed the first total disc replacement in the U.S. over 25 years ago. As one of the pioneers in total disc replacement, Dr. Blumenthal became the first surgeon in the U.S. to dedicate his practice exclusively to TDR and has performed over 5,000 cervical and lumbar TDR procedures since 2000.

According to Dr. Blumenthal, "Total disc replacement has been a transformative advancement and the central focus of my career for more than 25 years. I had the privilege of performing the first total disc replacement procedure in the United States and contributing to many of the studies that established the clinical foundation for disc arthroplasty. The evidence continues to affirm that this technology has far broader applicability than is currently realized. I look forward to the next quarter-century, as innovations in disc replacement evolve and utilization expands to better meet the needs of patients."

Summarizing, Centinel Spine CEO Steve Murray said, "As we enter the next era of total disc replacement, our focus remains unchanged: deliver evidence-driven innovation that meaningfully advances patient care. Over the last five years, the company has significantly strengthened and expanded the prodisc platform, modernizing the technology, broadening its clinical capability, and enhancing the tools and systems that support surgeons and patients worldwide. And this is only the beginning." He concluded, "Our innovation roadmap is robust, and our commitment to shaping the future of total disc replacement has never been stronger."

1. Based upon U.S. complaint handling units for prodisc since launch in 2006.

About Centinel Spine

Centinel Spine®, LLC is the leading global medical device company exclusively focused on addressing cervical and lumbar spinal disease with prodisc®, the most complete total disc replacement (TDR) technology platform in the world. The Company's prodisc technology is the most studied and clinically-proven TDR system across the globe, validated by over 540 published papers and more than 300,000 implantations. Centinel Spine's prodisc is the only TDR technology with multiple motion-preserving anatomic solutions, allowing the surgeon to Match-the-Disc™ to each patient's anatomy for both cervical and lumbar total disc replacement. For more information, please visit the company's website at www.centinelspine.com.

Media Contact

Varun Gandhi
Chief Financial Officer
v.gandhi@centinelspine.com
+1 484-887-8871

Corporate directors are entering 2026 with a sharpened focus on disciplined strategic execution, workforce agility and technology transformation, according to the National Association of Corporate Directors® (NACD®) "2026 Governance Outlook Report," which is informed by an annual survey of more than 24,000 NACD members.

While economic volatility remains directors' top concern, with more than 30% expecting a recession in 2026, a majority remain confident in their companies' growth prospects. Directors report a decisive shift toward rigorous oversight of strategy execution, CEO succession planning and the workforce skills maintenance and adaptability required as AI and other technologies reshape business models. The findings reflect a boardroom environment centered on long-term value creation, organizational resilience and leadership readiness.

"Directors recognize that succeeding in this environment requires clarity of purpose and disciplined follow-through," said Peter Gleason, president and CEO of NACD. "Boards are focusing on execution and workforce agility. The successful convergence of talent and technology will determine whether companies can innovate, adapt and execute their strategic commitments. The pace of change isn't slowing, and effective boardroom leadership is more critical than ever."

Key Trends for Boards in 2026

The survey identifies three dominant themes shaping board agendas in the new year.

Strategic execution: Directors are sharpening their scrutiny of how strategy is implemented, measured and adjusted in real time:

• More than 60% cite strategy execution as the top oversight improvement area.
• More than 60% of boards are increasing strategy discussions during meetings.
• More than 40% are increasing engagement between meetings.
• Directors also report concerns about organizational agility and resource alignment.

People: Boards are elevating oversight of leadership development, succession planning and workforce readiness:

• CEO succession planning ranks as the most important board practice needing improvement in 2026.
• Directors also report workforce adaptability, organizational agility and shortages of skilled employees as the top barriers to strategy execution.
• Only one-third of directors say they are strongly confident in their board's collective skill set, and about 14% are concerned that their boards do not have the capabilities needed for the year ahead.

Technology: Directors expect continued investment in AI, cybersecurity and digital transformation, along with stronger measurement and oversight of technology outcomes:

• Seventy-six percent of directors say AI will factor into their 2026 growth strategy, but most organizations report only slight or moderate success in realizing operational or financial benefits from these investments.
• Directors underscore the need for clearer performance metrics, better alignment between workforce skills and technology goals, and more disciplined evaluation of technology initiatives.

Partner Insights Provide Broader Context

The "2026 Governance Outlook" also includes articles from governance, audit and consulting leaders, offering broader perspectives on governance challenges and emerging risks in the evolving business conditions. Contributors include:

• FGS Global: "Board governance in a polarized environment"
• Deloitte: "Unlock value with PE portfolio company governance"
• CAQ: "The future of audit regulation: A call for adaptive oversight"
• RSM: "The governance challenges of M&A in a changing market"
• NACD: "Five technologies directors should prepare to engage with in 2026"

Together, these perspectives provide practical guidance for boards navigating technology acceleration, regulatory pressure, market change and the growing importance of disciplined execution in 2026.

About the "Governance Outlook Report"

The annual NACD "Governance Outlook Report" is one of corporate directors' most trusted resources for navigating risk and opportunity and shaping their board agendas. Its in-depth research and articles from NACD and its partners help boards anticipate the issues most likely to affect governance practices and corporate performance in the year ahead.

About NACD

The National Association of Corporate Directors® (NACD®) is the leading member organization for corporate directors who want to expand their knowledge, grow their network and maximize their potential. For more than 48 years, NACD has helped boards and the business community elevate their performance and create long-term value. Our leadership continues to raise standards of excellence and advance board effectiveness at thousands of member companies.

NACD's value insights, professional development events and resources, such as the NACD Directors Summit™ and the NACD Directorship Certification® program, support boards in navigating complex challenges. With a growing network of more than 24,000 members across more than 20 Chapters, boards are better equipped to make well-informed decisions on the critical, strategic issues facing their businesses today. Learn more at www.nacdonline.org.

Media Contact

Shannon Bernauer
sbernauer@nacdonline.org
+1 571-367-3688

The Each Child Foundation (ECF) has announced its efforts to broaden its philanthropic reach and deepen community partnerships that create meaningful opportunities for underserved children ages one through five. By prioritizing collaboration with local organizations and families, ECF aims to strengthen the networks that nurture children’s growth and resilience. The foundation’s vision centers on building community-rooted infrastructure that reduces barriers and fosters long-term stability and opportunity.

“Progress for children begins when communities come together,” says founder and chairman Stanley Fulton. “I founded The Each Child Foundation because I believe that childhood should be defined by possibility and care, and that shared responsibility can open doors that might otherwise remain closed.” His words reflect ECF’s commitment to collaboration and stewardship as the foundation of lasting change.

Support generated through this effort is intended to advance ECF’s funding framework, which centers on investing in systems and programs designed to address multiple dimensions of a child’s well-being. Rather than focusing on a single issue, ECF approaches funding as a way to reinforce interconnected support gateways that reflect how children and families experience daily life. This framework guides investments toward initiatives that promote housing stability, food access, early education, and health and wellness, recognizing that progress in one area is often strengthened by attention to others.

To translate this framework into tangible impact, ECF relies on Trusti, its dedicated funding arm that channels resources where they’re needed. Trusti was founded to help ECF fulfill its mission of helping shift trajectories for young children by supporting wraparound access to essential resources. “We work with educators, healthcare providers, housing organizations, and community leaders to reinforce networks that already exist and to help fill gaps where access may be limited,” Fulton states. “We envision communities where children, regardless of circumstance, are supported by environments that encourage learning, safety, and belonging.”

The foundation’s program models are guided by a whole-child philosophy. Investments often support school readiness initiatives that combine family engagement with early learning opportunities, along with wellness programs that aim to connect education, health, and caregiving services. Seasonal and summer programming is designed to encourage creativity, connection, and enrichment, while STEM and literacy initiatives typically emphasize hands-on learning experiences that can help nurture curiosity and confidence. These models are chosen with consideration for outcomes that may benefit children and families.

At the same time, ECF prioritizes innovation and systems design. Funding considerations include research efforts that explore childhood illness and disparities, integrated service platforms that better connect education, housing, and health resources, and technology-enabled learning tools that can broaden access and engagement. By supporting initiatives that consider design, implementation, and evaluation together, ECF aims to encourage approaches that are responsive to community needs and adaptable over time.

Partnerships remain central to this strategy. ECF seeks collaborative initiatives that align organizations, families, and local leaders around shared goals for children. Its governance structure, guided by an active Board of Directors, supports this work through strategic oversight and transparency. This approach reflects ECF’s core values of integrity, equity, and trust, as well as its belief that progress is built through listening and shared leadership.

By encouraging support that reflects its values and framework, The Each Child Foundation seeks to serve as a steward for initiatives that strengthen families and expand opportunity. “Our funding model will continue to evolve alongside our mission,” Fulton explains. “We invite businesses, families, and individuals to join us because when we create a shared investment in children’s earliest years, even small contributions can come together to build something truly significant.”

Media Contact

Stanley Fulton
info@eachchildfoundation.com

The American Kratom Association (AKA) today expressed profound disappointment following the unjustified unanimous decision by the Ohio Board of Pharmacy to proceed with the scheduling of mitragynine (natural kratom) — a decision reached without a single question from any Board member after staff presented the required eight-factor analysis.

The absence of rigorous scrutiny is especially troubling given that the evidence and data relied upon by Board staff were drawn largely from an outdated and discredited federal narrative on kratom safety — a narrative that senior federal officials, including HHS Secretary Robert F. Kennedy, Jr. and FDA Commissioner Dr. Marty Makary, have explicitly rejected.

“The Board’s decision today reflects a complete breakdown in scientific rigor and due process,” said Mac Haddow, senior fellow on public policy for the American Kratom Association. “When a regulatory body votes unanimously to schedule a substance without asking even one question about the evidence presented, that is not careful policymaking — It is rubber-stamping a flawed and outdated narrative.”

Federal Leaders Have Been Clear: Natural Kratom Is Not the Target

Both the Secretary of Health and Human Services and the FDA Commissioner have made clear that natural kratom leaf products are not the focus of federal enforcement efforts. Instead, federal concern is appropriately directed at synthetic and chemically manipulated 7-hydroxymitragynine (7-OH) products, which present opioid-like risks to the public.

The Ohio Board of Pharmacy itself recognized this distinction when it appropriately scheduled synthetic and chemically manipulated 7-OH products through emergency rule making. Yet, in a deeply inconsistent and unjustified move, the Board has now extended that action to natural kratom leaf, despite the absence of credible scientific evidence supporting such a step.

A Discredited Federal Playbook Repeated at the State Level

The decision mirrors a failed federal approach that was decisively rejected in 2018, when the FDA recommended scheduling kratom at the federal level. That recommendation was withdrawn by then-Assistant Secretary for Health, Dr. Brett Giroir, who famously characterized the FDA’s presentation as:

“Embarrassingly poor evidence and data and a failure to consider the overall public health.”

That same characterization now applies squarely to the basis for the Ohio Board of Pharmacy’s action today.

“The most astounding part of this decision by the Board of Pharmacy today is the fact that HHS rejected the recommendations for scheduling of natural kratom leaf products using the very same 8-factors in Ohio law, the Expert Committee on Drug Dependence at the World Health Organization using a less stringent criteria — both determined that mitragynine should not be scheduled,” said Haddow. “What is it the Ohio Board of Pharmacy knows that these federal and international experts don’t know? That answer is obvious and why the Board has to be held accountable.”

Real-World Harm to Ohio Consumers

Natural kratom leaf products are responsibly consumed by tens of thousands of Ohioans, many of whom rely on kratom as a safer alternative to opioids for pain management, recovery support, or improved quality of life. Scheduling natural kratom would:

• Criminalize otherwise law-abiding consumers overnight
• Eliminate access to regulated, lab-tested products
• Push consumers toward unregulated black-market alternatives
• Undermine harm-reduction efforts during an ongoing opioid crisis

Ohio Legislature Must Act — and Act Now

Given the profound flaws in the Board’s process and the reliance on outdated federal talking points that no longer reflect current science or federal policy, the Ohio General Assembly must act with urgency to protect consumers and reassert its policymaking authority.

“The Legislature cannot allow an unelected board to ban a widely used botanical based on obsolete science and unquestioned assumptions,” Haddow said. “Ohio lawmakers must step in immediately to protect consumers and ensure policy decisions are grounded in facts — not fear.”

About American Kratom Association (AKA)

Media Contact

Mac Haddow
Senior Fellow on Public Policy
mhaddow@americankratom.org

FoundersX Ventures, a Silicon Valley-based venture capital firm focused on AI-driven innovations, today announced its 2025 year-in-review, showcasing extraordinary growth momentum across its portfolio. Companies raised more than $360 million new capital at up rounds, fueled by the rise of agentic AI — autonomous systems that plan, reason, and execute tasks independently.

This penetration of agentic AI has dramatically accelerated scaling across key sectors, including enterprise cybersecurity, fintech, and healthcare. By harnessing vast, high-quality datasets for real-time intelligence, predictive analytics, and automated decision-making, agentic AI is enabling startups to achieve revenue milestones in months rather than years.

Helen H. Liang, PhD, founder and managing partner of FoundersX Ventures, stated:

"2025 marked the rise of agentic AI as a fundamental driver of business transformation. Our portfolio's strong revenue growth and successful up-rounds highlight unprecedented scaling speed, especially in data-rich fields like fintech — where massive datasets enable predictive analytics, fraud prevention, and hyper-personalized services, reshaping global finance accessibility and efficiency."

Fintech emerged as the portfolio's top performer, with agentic AI powering rapid growth via real-time analysis of transactions, user behavior, market signals, and regulations. This data abundance allows lean teams to acquire users quickly, achieve multimillion-dollar revenues, expand globally, and challenge incumbents.

Key fintech portfolio highlights include:

Kapital: An AI-powered fintech platform for SMBs in Latin America. It raised $100 million in Series C at a $1.3 billion valuation. Now profitable, Kapital manages a $3 billion balance sheet and serves over 300,000 customers with agentic AI for risk assessment, compliance, and lending. It earned World Economic Forum Technology Pioneer status in 2024 and 2025, also a spot on CNBC's 2024 Disruptor 50 list.

Jeeves: A global all-in-one fintech platform offering expense management, corporate cards, cross-border payments, and financial operations in over 30 countries. Features include AI-powered bill payments, invoice automation, smart alerts, and constant AI support. In 2025, Jeeves introduced stablecoin solutions and secured a $100 million credit line for expansion. Total funding exceeds $500 million, valued at $2.1 billion at C round. 

Kontigo: A fast-growing stablecoin neobank serving Latinos in the U.S. and LATAM. It raised $20 million in seed funding in 2025, hitting $30 million ARR and over 1 million users in under a year — with a team of only seven. Kontigo uses AI agents for autonomous operations, ensuring 24/7 blockchain uptime, AI private bankers, and alternative data analysis for USDT credit lines and risk management. CEO Jesus Castillo calls it a "full-stack AI stablecoin bank," automating processes for instant, permissionless global transactions without per-country licenses.

Alinea Invest: A New York-based platform for Gen Z investors. It raised over $10 million in Series A. With 1.6 million registered users (mostly women and young adults), Alinea employs agentic AI for personalized investment strategies, market analysis, and an upcoming AI financial coach to make wealth-building accessible to Gen Z.

Bitstack: A France-based Bitcoin-native neobank. It raised over $15 million in Series A, driving strong ARR growth through AI-automated savings, round-ups, and crypto integration features that make Bitcoin accessible for everyday users.

These successes underscore agentic AI's transformative role in fintech: where financial data flows abundantly, autonomous systems deliver proactive intelligence — detecting fraud instantly, personalizing offerings at scale, and enabling small teams to operate with the efficiency of much larger organizations.

Beyond fintech, FoundersX Ventures' portfolio companies made significant strides in cybersecurity, where agentic AI enhances continuous threat detection through global data learning, and in healthcare, where it accelerates diagnostics and personalized treatments via deep patient data analysis. The firm's early and strategic bets on agentic AI have attracted top investors and positioned its companies as frontrunners in this paradigm shift.

Looking ahead in 2026, "We expect agentic AI adoption to expand dramatically, reaching mass-market levels in consumer and enterprise applications. As generative AI models evolve toward AGI capabilities, the acceleration in speed to scale will intensify, unlocking even greater innovations in personalized finance, decentralized systems, and beyond. FoundersX is excited to continue backing founders who will shape the future," said Helen H. Liang, PhD. 

FoundersX Ventures remains steadfast in partnering with visionary entrepreneurs harnessing AI to tackle real-world challenges. With a proven track record including multiple unicorns and dozens of high-growth companies, the firm is well-positioned to deliver strong investment returns in the GenAI era.

About FoundersX Ventures

FoundersX Ventures is an AI-first venture capital firm based in Menlo Park, CA, with offices in Cambridge and NYC. With over 100 early-stage investments, including nine unicorns and 30-plus companies each valued over $100 million, the firm drives innovation in enterprise AI, fintech, and digital health. FoundersX leads seed-stage deals and co-lead A round deals. Helen H. Liang, PhD, is the founder and managing partner of FoundersX Ventures. She has been featured in WSJ Venture Capital Pro and Business Insider and serves on boards of high-growth tech startups. She is an invited speaker at TechCrunch and a guest lecturer at Stanford. For more information, visit www.foundersx.com.

Media Contact

Tor Parawell
tor.parawell@foundersx.com

Unlisted, a groundbreaking digital real estate community focused on the 98% of homes that aren’t for sale yet, announced today that Michael Shenfeld of Jameson Sotheby’s International Realty has joined the platform as the Local Expert for buyers and homeowners across ZIP codes 60093, 60022, 60043, 60062, 60015, 60035, and 60607. His addition expands Unlisted’s presence across both Chicago and the North Shore, two interconnected markets Shenfeld has served for more than twenty years.

Unlisted’s technology introduces new opportunities across the real estate landscape. Buyers gain new ways to discover homes that match their lifestyle beyond what is listed on the MLS. Homeowners gain a clearer sense of interest in their property and the ability to connect with potential buyers. Real estate professionals gain tools that highlight their expertise, deepen their community presence, and spark meaningful conversations.

The platform uses publicly available data to create a digital property profile for every home in the country. These profiles can be searched and organized into curated lists of homes that meet a buyer’s criteria, even if they are not currently for sale. For homeowners, these records provide insight into how their property fits into local demand and broaden their sense of what may be possible.

Each vetted real estate professional in Unlisted’s network receives an agent profile connected to every home within their ZIP code. Only one agent is selected per ZIP to emphasize credibility, local knowledge, and trusted expertise. As the network continues to grow, Unlisted remains committed to fostering clarity, connection, and opportunity for buyers, homeowners, and agents.

Michael brings an extensive record of leadership and top-tier production to his role as a Local Expert with a global network. With over two decades of experience, he has built a reputation for exceptional client care, strategic negotiation, and a deep understanding of both Chicago and the North Shore. As founder of The Shenfeld Group LLC and a global real estate advisor at Jameson Sotheby’s International Realty, he supports buyers, sellers, and investors across a wide range of goals.

Michael was born and raised on the North Shore and has lived in Chicago for more than twenty five years, giving him firsthand understanding of the movement between the two markets. Many of his clients rely on this dual expertise as they transition from one area to the other or are referred to him by other Agents across the country. 

Since joining Sotheby’s as a senior vice president of sales, Michael has become a sought-after speaker for virtual real estate panels around the world. His global referral network has grown through years of collaboration with other Sotheby’s agents and market leaders. He prioritizes building strong personal and professional relationships because it allows him to match clients with the right partners in any market. His commitment to advocacy and professionalism earned him the City Residential Huzenis Award in 2020, an honor voted on by his peers, along with earning a Top 20 Teams spot out of all Chicago realtors, as well as the top one and a half percent of agents nationwide. 

Outside of his work, Michael enjoys boating, traveling, golfing, and photography. He is also passionate about cooking for friends and family. Above all, he is the proud father of two daughters who bring purpose and joy to his life.

"Working in both the city and the North Shore has given me a unique perspective on how people live and move between these communities," Shenfeld said. "I am excited to bring this resource to the areas I serve." 

"Michael’s depth of experience and commitment to client service align strongly with the values of our Local Expert network," said Katie Hill, founder and CEO of Unlisted. "We are very proud to have him join our platform." 

To learn more about Unlisted, visit UnlistedHomes.com. For Unlisted for Agents, visit UnlistedHomes.com/Agents. 

To learn more about Michael Shenfeld, visit his Unlisted Profile or Sotheby’s International Realty.

About Unlisted

Unlisted unlocks the potential in homes that aren’t for sale — yet. The company empowers home buyers to join the Waitlist for homes they love that aren’t for sale — in other words, unlisted. At the same time, homeowners collect a Waitlist of interested buyers for whenever the time comes to sell, giving everyone a head start. Unlisted also allows homeowners to control how their home is presented online; they can create a stunning up-to-date property profile that shows off the home’s best features and attracts more interest. With more time and more connection, Unlisted is a more human way to explore real estate that drives better outcomes for all. Selected for TechCrunch’s 2025 Startup Battlefield 200 as one of the top tech startups globally, and backed by HearstLab, Hearst Newspapers, VC414, StageNext Fund, and prominent angel investors, Unlisted gives buyers a competitive edge in today’s challenging housing market. For more information, visit UnlistedHomes.com.

Media Contact

Maura Racz
maura@unlistedinc.com

Roundtable, the world’s only Web3 digital media platform, and The Hockey News (THN), Hockey’s most respected media brand, today announced the companies have entered into a ten-year exclusive platform agreement. This follows Roundtable’s successful one-year pilot, managing THN’s end-to-end operations, including all digital publishing, commerce, distribution, ad-tech and sales, and data services — all integrated on the world’s only full stack, blockchain-based platform — moving major media from Web1 to Web3.

Roundtable CEO, James Heckman, and The Hockey News owner, W. W. Graeme Roustan announced the venture includes a new partnership with the International Ice Hockey Federation, which will launch during the 2026 Winter Olympics in February. Mr. Roustan, former chair of Bauer Hockey, has agreed to join Roundtable’s board of directors, in anticipation of merger with NASDAQ-listed payment company, RYVYL, Inc. (RVYL).

“Roundtable’s next-generation, Web3 media operating system, designed by Roundtable co-founder, Eyal Hertzog, inventor of DeFi technology, is in position to change the game for major media brands, as significantly as cloud hosting,” explained Heckman. “The successful test with The Hockey News created a breakout moment for Roundtable, signing nearly 200 SaaS partnerships since fall including 32 custom NHL team apps associated with The Hockey News, and every other major professional sports team in North America." (The complete NHL team app list can be found here.)

As part of the partnership, True Hockey, a leading premium hockey equipment manufacturer, also owned by W. Graeme Roustan, has committed to a long-term advertising and sponsorship agreement valued at approximately $15 million, further validating the platform’s commercial scale and advertiser performance.

Roustan originally partnered with Heckman’s technology platform Maven and the partnership became an early success story for Sports Illustrated, which laid the groundwork for The Hockey News’ test of Roundtable’s decentralized Web3 infrastructure in 2025.

“This was not a theoretical test,” said W. Graeme Roustan, owner and publisher of The Hockey News. “We operated the platform in real conditions, engaged with tens of millions of our fans, for the entirety of 2025. The performance, scalability, and control Roundtable’s Web3 platform provided over our audience, data, and revenue simply does not exist elsewhere in media today.”

Founded more than seven decades ago, The Hockey News is widely regarded as the most authoritative hockey publication in the world, second only to NHL.com in brand recognition. Since being acquired by Roustan in 2018, the company has transformed from a primarily print-focused legacy brand into the largest independent digital media network covering the NHL.

“We took a major risk in 2018, trusting our traditional brand with a new technology platform,” Roustan said. “It paid off — and so when Heckman approached us again last year with an even more aggressive proposal, this time involving Web3 reporting and payments, we were cautious but intrigued. Once again the risk paid off, and I’m proud to be the first enterprise licensee; we chose to position ourselves on the forefront of innovation; helping usher the industry forward.”

Roundtable’s fully integrated SaaS platform features include:

• Digital publishing and content management
• Secure, encrypted audience and financial databases
• Advertising sales operations with real-time reporting
• Distribution and syndication infrastructure
• Community features including the world’s first, on-demand video threads
• Integrated reporting and payment systems
• Custom white-label mobile applications for each of 32 NHL teams
• Blockchain-based media liquidity pool enabling real-time revenue settlement

The platform is designed to give media brands absolute ownership and control of all data, audience, IP, and monetization without reliance on centralized social platforms.

“The core benefit is independence,” said James Heckman, founder and CEO of Roundtable. “W. Graeme Roustan has consistently been willing to innovate when others hesitate. This partnership demonstrates that decentralized media can outperform legacy systems, while giving publishers full control. It took a great entrepreneur like Mr. Roustan to understand the potential and jump in head first, first. We’re honored to be his partner for the next decade.”

For consumers, the partnership delivers an integrated fan experience that combines professional journalism with team-specific community engagement. Users gain access to authoritative reporting, dedicated team apps, live discussions, video, and integrated commerce in a single environment, with direct interaction between fans and professional journalists.

About Roundtable

Roundtable is a Web3 digital media SaaS platform, providing decentralized publishing, commerce, data, syndication, network distribution, ad sales and operations, as well as community platforms and custom apps for major media and professional journalist brands. Roundtable has signed a definitive agreement to merge with NASDAQ-listed payment platform, RYVYL, Inc., (RVYL), and anticipates merger during Q3 of 2026. For more information visit RTB.io.

About The Hockey News

Founded in 1947, The Hockey News is the most respected and authoritative hockey publication in the world, covering the NHL and international hockey across digital and global platforms and operates a network of custom team apps for every NHL team. For more information visit thehockeynews.com.

Disclaimer

This article was provided by Roundtable, the subject of the story. Roundtable and its affiliates have a direct financial interest in the securities of the company discussed. This communication should not be construed as investment advice.

Media Contact

Press Team
press@roundtable.io

The U.K. gambling market is already starting to shift in early 2026, with a growing number of licensed operators cutting back marketing budgets or preparing to leave the market ahead of new rules and higher taxes, according to Gambler Media an independent performance marketing firm.

From Jan. 19 2026, new rules from the U.K. Gambling Commission will limit wagering on bonus funds to 10× the bonus amount and ban mixed-product promotions. This means operators can no longer combine, for example, bingo and casino offers in a single bonus. While the changes aim to make bonuses clearer and safer for players, they also leave licensed operators with fewer ways to compete on promotions.

One plus is that lower wagering rules have increased the bonus transparency for users, as it is much easier to understand 10x than, for example, 65x. At the same time, costs are rising. From April 2026, Remote Gaming Duty on online casino products will increase from 21% to 40%, and the tax burden on online bingo will also rise under wider gambling tax changes. Together, the tighter rules and higher taxes mark one of the biggest cost increases the U.K.’s online gambling sector has faced.

At Gambler Media, the effects are already visible. Several licensed operators have reduced marketing, paused U.K. campaigns, or announced plans to exit the market. Some partners have notified Gambler Media that they are preparing to close their U.K. operations in March 2026. Aspire Global-owned brands have also withdrawn from the U.K. market, and PlayLuck has ceased operations in early 2026.

“What we are already seeing in early 2026 is a clear shift in the U.K. gambling market,” said Martin Eriksen, a spokesperson for Gambler Media. “Higher taxes and much tighter bonus rules are pushing licensed operators to scale back or leave the market altogether. At the same time, unlicensed sites are stepping in with offers that simply don’t follow U.K. rules, which ultimately risks undermining the regulated market.”

From Gambler Media’s perspective, higher taxes and tighter promotional rules are already weakening the position of licensed operators, while unlicensed and black-market sites — which are not bound by the 10× wagering cap or the ban on cross-product offers — continue to promote more aggressive, non-compliant incentives to U.K. players.

The Gambling Commission has warned that offshore gambling sites offer no consumer protections and no regulatory oversight. While action against illegal operators continues, ongoing pressure on licensed businesses risks pushing players toward unregulated offers that fall outside the U.K. system.

About Gambler Media

Gambler Media is an independent performance marketing company in the iGaming industry and publisher covering U.K. casino reviews and bonus information, as well as online gambling market structure and operator activity. For more information, visit gamblermedia.com.

Disclaimer

This press release is intended for informational and industry analysis purposes only. It does not constitute gambling advice, financial advice, or an endorsement of any gambling operator or platform referenced herein. Gambling involves risk and may not be legal in all jurisdictions. Readers should ensure they comply with all applicable local laws and regulations before participating in any gambling activity. Gambling should be undertaken responsibly, and individuals who feel they may have a gambling problem are encouraged to seek support from appropriate professional or regulatory resources.

Sanctions can serve as a real financial mechanism for compensation and the reconstruction of Ukraine. Issues of compensation for victims of the war, sanctions policy, and anti-corruption reforms in post-war recovery were among the key topics at UNCAC CoSP11, held in Doha, Qatar. The analytical center Institute of Legislative Ideas took part in this global anti-corruption event as a co-organizer and as the civil society focal point for Ukraine.

During the international discussion, ILI Chairwoman Tetiana Khutor, noted that Russia’s invasion of Ukraine began with state capture — systematic penetration into politics, the economy, the media, and strategic assets.

“Wars rarely start with tanks. Ukraine’s experience shows that long before 2022, Russia attempted to take over Ukraine without weapons — through corruption networks, proxy structures, and control over critical infrastructure. Corruption became a key instrument of this process. State capture did not prevent the full-scale invasion — it prepared the ground for it,” she emphasized.

The expert added that Ukraine’s response has been to strengthen its anti-corruption infrastructure, apply sanctions, use wartime asset confiscation, and develop an investment screening system as tools to genuinely block and neutralize hostile influence — before it turns into a military threat. This experience is universal and relevant far beyond Ukraine.

The ILI also brought to the international discussion one of the most complex issues following war and mass human rights violations: how to make perpetrators pay and ensure that victims actually receive compensation. Tetiana Khutor presented analysis on how sanctions can function as a real financial mechanism for compensation. Using concrete examples from the United States, Canada, and the EU, she demonstrated how these mechanisms already work in practice and what is needed to scale them globally.

“Those who caused harm must pay. The core logic is simple and principled: if an individual or a company facilitated the circumvention of sanctions related to armed aggression, the financial consequences of such violations should be directed toward compensating the damage caused by that aggression. For the ILI, this is systematic work to ensure that justice has a financial dimension and that impunity carries a real cost,” Tetiana Khutor said.

Within the framework of the conference, the ILI co-organized an event focused on integrating anti-corruption tools into post-war recovery so that risks are identified before decisions are made, rather than after scandals emerge. The Head of the ILI stressed that the resilience of Ukraine’s anti-corruption system is the result of constant stress-testing and the role of civil society, which prevents the system from breaking down. The key to this resilience is prevention, particularly at the lawmaking stage.

The ILI also presented the concept of an AI-based system for anti-corruption analysis of legislation. Built on extensive expert datasets, the system enables the automated identification of corruption indicators in draft laws; structuring of risks by type and level of threat; operation through separate user accounts for different users; continuous learning from new data and practice; and transparent, scalable publication of analysis results.

About Institute of Legislative Ideas

The Institute of Legislative Ideas is an independent analytical center working on legislative reforms in Ukraine. Its mission is to analyze public policy, identify problems, and find solutions so that citizens feel protected and comfortable in their country. The Institute works to build a country of equal opportunities, strengthen democracy, and uphold the rule of law.

The organization promotes the development of accountable institutions, expands opportunities for citizens to participate in decision-making, supports the implementation of reforms based on the principles of openness, effectiveness, and democratic governance, and contributes to securing international support for Ukraine. For more information, visit izi.institute.

Disclaimer

This media content is produced by NGO Institute of Legislative Ideas with the support of the Askold and Dir Fund as part of the Strong Civil Society of Ukraine — a Driver of Reforms and Democracy project, implemented by ISAR Ednannia, funded by Norway and Sweden. The contents of this publication are the sole responsibility of NGO Institute of Legislative Ideas and can in no way be taken to reflect the views of the Government of Norway, the Government of Sweden and ISAR Ednannia.

Media Contact

Bogdan Pavlenko
communications@izi.institute
+380 99 925 5495

Sunnov Investment tracks Synopsys’ fourth-quarter update as a litmus test for the technology deal cycle, and seeks to answer the question, "Can a bigger, more integrated software platform translate scale into durable demand and cash?"

For the fourth quarter of its latest fiscal year, Synopsys reports record revenue of $2.3 billion and adjusted earnings per share of $2.9, landing at the top end of its stated outlook for the period. Over the 12 months ending in that same fiscal year, revenue totals $7.1 billion, up 15% versus the preceding 12-month period’s $6.1 billion, while free cash flow reaches about $1.4 billion over the same 12 months on faster collections.

Backlog stands near $10.9 billion at fiscal year-end, giving management leverage with customers that sign multi-year agreements and investors who want visibility. The Ansys acquisition contributes roughly $668 million of revenue in the latest quarter, widening the story from electronic design automation into broader engineering simulation. Thomas Gardner, director of private equity at Sunnov Investment, sees “a results packet that keeps the spotlight on repeatable revenue, not financial engineering,” with backlog acting as “contract-level proof that budgets stay committed.”

Guidance for the next fiscal year calls for revenue between $9.6 billion and $9.7 billion over that coming 12-month cycle, with Ansys expected to contribute about $2.9 billion at the midpoint. The shares trade modestly lower in after-hours dealings even as the headline figures clear expectations, a reminder that investors want evidence that the combined roadmap tightens execution.

In Sunnov Investment’s assessment, the operational center of gravity sits with design automation, where revenue rises about 65% in the latest quarter compared with the same quarter a year earlier and the adjusted operating margin reaches 41.5% in that period, up from 37% in the comparable quarter a year earlier. Gardner calls the margin spread “the cleanest evidence that scale is arriving with discipline intact,” adding that “integration only earns its keep when it pulls capabilities forward and simplifies procurement for customers."

Verification and AI-enabled workflows remain central to the pitch. Synopsys reports 12 competitive wins in hardware-assisted verification during the latest quarter, and the HAPS-200 prototyping platform targets 4x stronger debug capability versus the prior generation. Management also cites about 5,000 active users of its AI-enabled design tools at the end of the latest quarter, positioning automation as a productivity lever for teams facing rising design complexity.

Design IP offers a more complicated subplot. Revenue comes in at $1.7 billion over the latest 12-month fiscal period, down 8% from the preceding 12 months, and the adjusted operating margin sits at 13.8% in the latest quarter after hovering near 47% in the same quarter two years earlier. A six-week export restriction episode and a major partner withdrawal highlight confidence risk, even as management pivots towards non-recurring engineering fees, usage charges and royalties over the next fiscal year.

Deal-making still sets the frame. Synopsys positions the Ansys combination as expanding its total addressable market to about $31.1 billion in materials released with this quarter’s results, while a 10% workforce reduction progresses over the next 12 months as cost synergies move from modeling to implementation. In parallel, an expanded partnership with NVIDIA includes a $2 billion equity investment priced at $416 per share and a multi-year plan to connect Synopsys’s AgentEngineer with NVIDIA’s agentic AI stack, which Gardner describes as “a strategic signal that design software is converging with AI infrastructure.”

The market’s next question is straightforward: can a larger Synopsys keep converting backlog into cash, sustain margins, and stabilize IP monetization while integration demands management attention every day?

Sunnov Investment views the latest quarter as the opening chapter of that proof cycle, with reporting discipline and customer commitments set to determine the next leg of the story.

About Sunnov Investment

Sunnov Investment is a Singapore-based investment manager founded in 2012, serving accredited investors, foundations and endowments worldwide. It runs long-only equity strategies, complemented by long/short equity, global macro, event-driven and systematic mandates, and it continues to develop structured routes for eligible retail participation. To learn more, visit sunnov.com.

Disclaimer

This press release is provided for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. The views and opinions expressed reflect the analysis of Sunnov Investment as of the date of publication and are subject to change without notice. Past performance is not indicative of future results. Any forward-looking statements are based on assumptions and current expectations and involve risks and uncertainties that may cause actual outcomes to differ materially. Readers should conduct their own independent research or consult a qualified financial adviser before making investment decisions.

Media Contact

Deng Hui
d.hui@sunnov.com

The way people pay is shifting. Quietly, the systems that handle billions of daily transactions are undergoing structural rewiring. In most industries, this change is happening behind the scenes. But in online gaming, especially where money moves frequently and across borders, the effects are already becoming visible.

It’s no longer just about debit cards and standard bank transfers. Gamers today expect real-time payouts, low-fee cross-border options, and alternative methods that work without legacy friction. And now, that expectation is pushing both platforms and regulators into uncharted territory. The payment process used to be a backend issue. That’s no longer the case.

Digital Currencies, Faster Rails, and What Comes Next

Payment technology is evolving fast. Digital wallets have become normal, not novel. Blockchain infrastructure has moved from fringe to mainstream pilot projects. And governments are testing central bank digital currencies (CBDCs), trying to reduce reliance on private systems while maintaining control.

The appeal of instant transfers, low-cost microtransactions, and higher transparency is clear. For online gaming platforms, especially those that need to verify age, location, and identity, this shift also opens the door to integrated KYC processes and programmable compliance.

Even outside the crypto ecosystem, the introduction of faster payment rails is changing the game. Systems that once required hours or days for settlement now support instant or near-instant transactions. For real-money gaming, this means lower abandonment at checkout and fewer headaches for users trying to withdraw winnings or fund their accounts.

This isn’t theoretical. Operators that integrate faster rails already see higher conversion rates. And on the user side, the appetite for simplified checkout processes continues to grow. But even with this momentum, adoption isn’t universal. There’s fragmentation, especially across markets with different regulatory requirements.

Why Payment Experience is Becoming a Key Differentiator in iGaming

The online gaming sector relies heavily on trust. Whether it’s esports skins, in-game purchases, or real-money casino platforms, users expect secure, fast, and user-friendly payments. A sluggish withdrawal process or rejected deposit breaks that trust instantly.

Across the U.S., different states regulate iGaming differently. Payment providers that want to support licensed platforms need to adjust their tech stack to meet local laws while keeping the experience smooth. This isn’t a small challenge. In some states, like Pennsylvania, the market has grown into one of the most structured and competitive. A PA online casino is expected to offer not just a range of games but also reliable, fast payment solutions that comply with state regulations.

This is where operator quality starts to matter. The variance in user experience across platforms is significant. While some provide nearly seamless deposits and withdrawals, others still rely on outdated systems that delay both. For users in states like Pennsylvania, comparing platform quality becomes part of the decision-making process. That’s why curated resources such as the list found on PennLive serve as a helpful starting point. They streamline the process by highlighting licensed platforms that meet both game quality and payment performance standards.

When users know what to expect from top-rated operators, they’re less likely to churn due to poor processing times or verification issues. And as more players from New Jersey, Michigan, and other states join the market, this demand for consistency across state lines will only grow.

The Role of Cross-Border Payments and Global Players

Many gaming platforms operate globally, even if they comply locally. This creates tension. How can a player in Canada use the same wallet system as a player in the U.S. if the regulations, currencies, and banking rules differ?

This challenge is more than logistical. It’s structural. For global platforms, integrating cross-border systems means adapting to different licensing regimes, different payment processors, and different user expectations. What works in Ontario might fail in Florida. What’s allowed in Europe might require a workaround in parts of the U.S.

To solve this, some platforms rely on international e-wallets that abstract away the local complexity. Others partner with regulated third parties to handle compliance and remittances. But the key issue is always the same: transparency and speed. Users don’t care about the layers beneath the system. They care about whether the money goes in and out as expected.

As newer forms of money, such as tokenized assets or interoperable stablecoins, gain traction, the friction might decrease. But the regulatory patchwork is still a hurdle. Until that clears, platform infrastructure will remain one of the most complex components of scaling online gaming services across jurisdictions.

Embedded Payments and Risk Management

In the near future, embedded payments could reshape the payment layer altogether. Instead of redirecting users to third-party checkout pages, platforms may integrate payment flows directly into the game interface. This isn’t just about convenience. It also helps platforms capture more behavioral data, tighten security, and reduce drop-off points.

With embedded payments comes higher responsibility. Operators will need better fraud detection, more adaptive risk scoring, and closer collaboration with identity verification providers. These aren’t just compliance checkboxes. They’re essential for maintaining platform integrity and user trust.

Gaming operators already use AI to monitor play patterns and manage behavior. Extending that same tech stack into payment risk management could reduce chargebacks and false positives. The result is a smoother experience for legitimate users and a tighter filter for bad actors.

And with the line between gaming and fintech growing thinner, there’s a new wave of hybrid companies building infrastructure with both player experience and payment efficiency in mind. Their edge lies in understanding how user expectations are shifting — and building around those shifts, not just reacting to them.

qLABS announces the upcoming rollout of its Quantum-Sig wallet, powered by 01 Quantum Inc.’s patent-pending Quantum DeFi Wrapper (QDW). This solution introduces enterprise-level post-quantum security to the Web3 environment, strengthening the collaboration between qLABS and 01 Quantum.

Next-Generation Security for Digital Assets

The Quantum-Sig wallet technology will protect any smart-contract-based token such as Ethereum or Solana including leading stablecoins such as USDT and USDC. At the core of this innovation is the upcoming qLABS quantum resilient ecosystem token known as qONE which will become the primary utility token powering this new security protocol across Web3.

This innovation directly addresses the accelerating risk of Q-Day which is the moment when it is anticipated quantum computers will be capable of breaking the classical cryptography that secures today’s digital assets. As a result, funds held inside traditional wallets that rely on classical signatures can be compromised. The Quantum-Sig wallet is designed to provide a future-proof safeguard against this threat.

“Quantum-Sig is a real breakthrough. It adds quantum-level protection without new wallets, without new chains and without user friction,” said Antanas Guoga (Tony G), president of qLABS. “We are delivering the security Web3 needs without changing the way people already hold and trade crypto.”

Andrew Cheung, CEO of 01 Quantum, added, “We are excited to see our patent-pending QDW technology applied in a production environment to mitigate the Q-Day risk. By embedding post-quantum cryptographic primitives directly into the Quantum-Sig wallet introduces a quantum circuit-breaker architecture that neutralizes classical key compromise. This implementation demonstrates how our technology can deliver quantum-resilient transaction signing at scale, ensuring that digital assets remain secure today and in the post-quantum world of computing.”

Market Context

The global digital asset market exceeds three trillion USD according to CoinMarketCap. Regulatory bodies in several regions have already warned that quantum resilience will soon be a requirement for long term financial security. Despite this maturity, the industry remains exposed due to reliance on classical cryptographic algorithms such as ECDSA. Quantum-Sig wallet technology addresses this gap by providing broad-spectrum protection without sacrificing interoperability or performance for smart-contract based-tokens such as Ethereum or Solana including leading stablecoins such as USDT or USDC.

How it Works

The Quantum-Sig wallet applies security principles that are similar to the multi-signature wallets commonly used throughout Web3. In a standard multi-signature setup, two or more signatures are needed to release assets from a contract. In the case of the Quantum Sig wallet, the smart contract requires an additional signature that must be produced by a quantum resilient private key. As a result, a malicious actor cannot withdraw funds even if they compromise the classical key. The Quantum-Sig wallet ensures protection at the smart contract level while maintaining speed and interoperability for users and developers.

Technical Highlights 

• Patent-pending method (US #19/396,202): Implementation of PQC circuit breaker. 
• Performance optimization: Compatible with existing Layer 1 chains. 
• Scalable toolkit: Includes support for custodian wallets and existing post-quantum stablecoins.

The qONE token, which is quantum resistant, serves as the ecosystem asset that grants access to quantum resilient wallet functions, advanced security features, protocol governance and the broader quantum safe infrastructure developed by qLABS. The qONE initiative is designed to synchronize community engagement with the adoption of the Quantum-Sig technology, thereby incentivizing the sustained expansion of the ecosystem.

Financing and Growth

qLABS confirmed that it completed its pre-seed round financing which was over-subscribed and raised USD $390,000 in early-stage capital from strategic investors, establishing an implied market valuation of USD $6 million for the Tier 1 pre-seed round. This marks the first step in a multi-stage financing plan by qLABS that is expected to include two additional rounds and the broader distribution of the qLABS token to the community as development and adoption continue to grow.

About qLABS

qLABS is the first quantum-native crypto foundation, developing blockchain solutions that are resistant to quantum computing threats. With a focus on post-quantum security, qLABS builds infrastructure that will protect Web3 from Q-Day and beyond. For more information, visit qlabs.tech or qonetoken.io, and follow qLABS on X and LinkedIn.

About 01 Quantum Inc.

01 Quantum Inc., formerly 01 Communique Laboratory Inc., (TSX-V: ONE; OTCQB: OONEF), is known for its innovative work in post-quantum cybersecurity and remote access solutions. The company’s cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ product line. IronCAP’s technologies are patent-protected in the United States by patents #11,271,715 and #11,669,833. The company's remote access business unit provides its customers with a suite of secure remote access services and products under its I’m InTouch and I’m OnCall product offerings. The remote access offerings are protected in the U.S. by patents #6,928,479 / #6,938,076 / #8,234,701, in Canada by patents #2,309,398 / #2,524,039, and in Japan by patent #4,875,094. For more information, visit 01quantuminc.com or 01com.com, and read our blog.

Media Contact

Ada Jonuse
Executive Director, qLABS
media@qlabs.tech