Chad

The week split along two axes: Iberian football, with the Copa del Rey final in Seville as the peak event, and the Southeast Asian New Year cluster running April 14–16 across Laos, Cambodia and Vietnam. UK–Ireland jumps racing, last week’s dominant driver, exited the stage. Upside reflected both themes directly — Spain +11.8%, Laos +14.3%, Cambodia +11.4%, Italy just outside the top five. El Salvador added a technical mean-reversion bounce; Somalia drifted on a small base with no identifiable trigger. Downside was cleaner. Ireland’s -23.3% was a pure event hangover off last week’s Grand National peak. South Africa absorbed stacked National Gambling Board suppression across two announcements in the reporting window. South Korea and Liberia both moved on fresh enforcement signals; Chad and Switzerland drifted without clear triggers. Somalia +16.9% — No clear country-specific trigger surfaced for the week, and Somalia’s base remains small. With gambling fully prohibited domestically and demand running entirely through offshore channels, week-to-week movement at this scale reads as a technical drift rather than an identifiable event hook. Laos +14.3% — Pi Mai Lao (Lao New Year) ran April 14–16, placing the three-day public holiday squarely inside the reporting week. Offices and schools closed nationwide, concentrating discretionary online time into the window and lifting search activity across leisure categories including iGaming. El Salvador +13.5% — Classic mean-reversion after last week’s -11.7% drop. The recovery reads as a technical bounce rather than a response to any new local catalyst; no fresh policy, enforcement, or sporting event surfaced in-window. The prior week’s decline was itself shallow, so the retracement is mechanical. Spain +11.8% — Copa del Rey final on April 18 delivered the peak sporting gravity of the week, with Atlético Madrid vs Real Sociedad going to extra time and penalties after a 2-2 draw at La Cartuja. La Liga matchday 32 on April 12–13 and Atlético’s Champions League semi-final build-up provided additional lift across the window. Cambodia +11.4% — Choul Chnam Thmey (Khmer New Year) ran April 14–16 as a three-day public holiday, with schools, government offices and most businesses closed Tuesday through Thursday. The pattern mirrors Laos: the holiday cluster concentrates discretionary online time into the window, and the lift spills into adjacent categories including iGaming. Ireland –23.3% — Pure event hangover after the prior week’s +33.8% surge. The Irish Grand National at Fairyhouse on April 6 and the Aintree Grand National on April 11 both fell in Week 15, pulling Irish search activity to seasonal peak. With the Easter jumps festival over and no replacement hook in Week 16, demand compressed back toward baseline. Chad –21.0% — No clear country-specific trigger surfaced. The decline classifies as baseline drift rather than an identifiable suppression or hangover. Switzerland –18.8% — No in-window catalyst surfaced. Swiss regulation remains structurally restrictive with DNS-blocking of unlicensed offshore platforms, but nothing specific to the April 13–19 window emerged. Ongoing commentary on the monopoly model appeared during the week but does not constitute a fresh suppression event. Classify as drift on a moderate base. South Korea –16.6% — Suppression. Korea Sports Leisure launched a reward scheme on April 14 targeting illegal betting networks, with rewards up to KRW 200M ($135,000) for reports on illegal sports gambling operations. Public enforcement campaigns of this type compress visible search intent in markets where online gambling is prohibited for residents. Liberia –16.4% — Suppression layer tightening. The National Lottery Authority is preparing measures to restrict radio stations from broadcasting betting promotions and interactive gambling programmes, following a Senate probe into rising unregulated gambling activity. Radio has been a key distribution channel for operators in Liberia, and the announcement coincided with Senate Committee hearings during the reporting window. South Africa posted the single largest absolute movement of the week in either direction — a -14.8% compression on the continent’s largest regulated market, where gambling turnover reached ZAR1.5 trillion (~$91B) in 2024/25. The bulk of the drop aligned with two regulatory announcements dated April 8 and April 14, both inside the reporting window. The mechanism is a stacked suppression layer. The National Gambling Board launched a verified-operator web portal on April 8, giving consumers a single register to confirm licensing status, then followed on April 14 with a direct warning to the public about illegal betting apps. Both sit on top of the October 2025 SCA ruling barring sports-betting operators from offering fixed-odds casino games, and the NGB’s early-2026 directive to Provincial Licensing Authorities on unauthorised Remote Gambling Server use. Three regulatory signals in six months. The suppression layer is unlikely to lift in Q2. National Treasury’s proposed 20% GGR tax on online gambling remains under public comment, and the NGB has signalled cooperation with banks and payment providers to constrain flows to unauthorised operators. Expect continued WoW compression until the market clears the SCA ruling’s operational impact. Mixed, with Iberia-Italy as the defining axis on the upside. Spain’s +11.8% on the Copa del Rey final led the continent, with Italy just outside the top five at +11.0%. On the downside, Ireland’s -23.3% event hangover and Switzerland’s -18.8% drift produced the cleanest European losses, while Estonia (-14.8%) added a tail-end decline. Calendar-driven upside against structural downside. Laos (+14.3%), Cambodia (+11.4%) and Vietnam (+8.7%, just outside the top five) all caught Southeast Asian New Year lift during the April 14–16 holiday window. South Korea’s -16.6% was the regional counterweight on the new illegal-betting reward scheme.…