After three years of ups and downs, DraftKings is officially out of the NFT business. The sports betting operator shuttered it Reignmakers and its NFT Marketplace this week after a judge in a Massachusetts District Court judge allowed a lawsuit alleging that the compamy's NFT Marketplace was peddling unregistered securities to move forward. Plaintiff Justin…
Cambodian Prime Minister Hun Manet is banning the building of new casinos in the provinces of Kep and Kampot. It's a bold move for the government, which acknowledges the financial contribution casino tax revenue contributes to the country's economy, but is also looking to diversify Cambodia's tax base. Across Cambodia, there are currently 184 licensed…
Playgon Interactive and its affiliate Bitrate Productions have shut down all their live dealer operations after receiving a cease-and-desist order from the Nevada Gaming Control Board (NGCB). According to the NGCB, Playgon has been offering real money play to players when it should really have only been acting as a social casino. It's a major…
Standard General is acquiring the Bally's Corporation in a deal worth $4.6 billion. The acquisition, which was completed this week, will see Bally's merging with The Queens Casino & Entertainment Inc. It's a blockbuster deal that turns Standard General into a major player in the US gaming market. This merger/acquisition has been in the works…
From a historical perspective, there's really no sport that's more closely aligned to the gaming industry than horse racing. That unique relationship is front and center in a recently released code of conduct from the British Horse Racing Authority (BHA) and The Racecourse Association (RCA) that's aimed at governing sponsorship agreements between racing stakeholders and…
Before regulated sports betting became the law of the land, everyone involved in US-facing sports betting had a vision of what life outside of the black market might look like. One of those visionaries was professional gambler Billy Walters. Now that sports betting is legal, Walters is opening up about how badly he thinks things…
Philippines President Ferdinand Marcos Jr. has issued a decree banning all Philippine Offshore Gaming Operators (POGOs) from the country. All POGOs, which are unlicensed gaming operations serving Chinese players, will be out of the country by the end of the year. While POGOs illegally serve Chinese markets, they themselves were not illegal in the Philippines.…
The Jacksonville Jaguars NFL team is suing Amit Patel, 31, in an effort to claw back a portion of the $22 million he embezzled from the team while working as one of their top accountants. Patel has already admitted his role in the scheme and was sentenced in December to six years in federal prison…
The National Council on Problem Gambling (NCPG) is launching a new Tribal Advisory Council whose aim is fighting and preventing problem gambling in the Native American community. It's an effort that's not merely about helping problem gamblers and keeping younger generations from developing poor gambling habits, it's also an effort that's meant to show respect…
The rise of regulated sports betting in the United States is making a significant impact on the lives of Americans; both intended and unintended. One of the most significant impacts has been on professional and college athletes who are subject to some pretty serious harassment, and even death threats, from aggrieved gamblers who have wagered…
News in the iGaming and Sports Betting affiliate world moves fast.
Don't miss a beat! Subscribe to the CAP newsletter now.
