The University of Colorado is ending its controversial relationship with PointsBet in the wake of a new American Gaming Association (AGA) code that bans sportsbooks from partnering with colleges and universities. CU's break with PointsBet is particularly significant as it was the first US university to enter into a sponsorship deal with a sports betting…
The American Gaming Association (AGA) has updated its Responsible Marketing Code for Sports Wagering to include bans on risk-free bets and most partnerships with universities and colleges. The changes come as US sportsbooks come under increasing pressure from state lawmakers to ban the controversial marketing techniques anyways. Under the terms of the new code, operators…
William Hill was hit with a record £19.2 million ($23.6 million USD) fine from the British Gambling Commission (BGC) for anti-money laundering (AML) and social responsibility failings that were described by regulators as "widespread." The fine was spread across three William Hill-operated brands including £12.5 million ($15.3 million) for williamhill.com; £3.7 million ($4.5 million uSD)…
Social media influencer and Betr sportsbook co-founder Jake Paul recently got some unwanted attention from the Securities and Exchange Commission (SEC) and moved quickly to make sure the regulator wasn't on his back for too long. Paul was one of several celebrities who settled with the SEC for their roles in promoting various cryptocurrencies, without…
British gaming regulators hit Kindred Group brands 32Red and Platinum Gaming with a combined £7.1 million ($8.8 million USD) fine for various social responsibility and anti-money laundering (AML) compliance issues. The fines show that the Commission is still very much on the job while it waits for the long-promised gambling reform white paper, that's been…
GambleAware is taking a closer look at how its products impact members of the country's various minority groups as part of its ongoing efforts to curb problem gambling. They recently published the results of some new research on the subject and the findings are disturbing. Britain's minority groups suffer from problem gambling rates that are…
Is running a sportsbook that only focuses on micro-betting not all that it's cracked up to be? That seems to be the case at YouTube personality Jake Paul's micro-betting app Betr. Launched just two months ago as a trendy, youth-focused micro-betting platform, the company is pivoting its business model to include pre-game and in-game spread,…
Penn Entertainment’s Barstool Sportsbook is the latest regulated operator to learn that gaming regulators are getting very serious about "can't lose" marketing. This comes after the Massachusetts Gaming Commission took the company to task over a series of promotions featuring Barstool Sports employee/media personality Dan Katz (aka, The Big Cat). Katz is a Barstool Sports…
Lottery.com is a company that's been in turmoil for the past few months and all that chaos culminated this week when the Nasdaq Stock Market de-listed the company from its exchanges. The company's struggles leading up to the extinction-level event read like a business-focused Mexican tele novella with the unfortunate aspect of having a real…
If you feel like you've noticed a lot more sporting events involving YouTube celebrities and other non-professional athletes, you're not alone. The curious rise of "sportainment" is coinciding with a tidal wave of regulated sports betting to create a whole new, and very popular, segment of sport aimed at drawing in eyeballs, and wagers. Sportainment,…
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