Earlier this week MLB Players, Inc., the professional baseball players union, filed two separate lawsuit against four sportsbooks alleging that the operators used images of players without their permission. The lawsuits cover images that were used to promote both sports betting and fantasy products across several states. If successful, the lawsuits could drastically change how…
The red-hot US sports betting market could cool down considerably if the recently introduced The Supporting Affordability and Fairness with Every Bet Act (SAFE Bet Act) passes into law. Sponsored by Senator Richard Blumenthal (D-CT) and Representative Paul Tonko (D-NY), the SAFE Bet Act would put major new regulatory limits on how US-facing sportsbooks could…
Are the days of sports books throttling action from successful players coming to an end? That's definitely something that the Massachusetts Gaming Commission (MGC) is considering as it digs into the very common industry practice after winning players complained that there is no regulatory transparency with regards to what it takes to get throttled. Representatives…
Maine's casino inspectors are revolting against their boss at the Maine Gambling Control Unit, Executive Director Milton Champion. The casino inspectors voiced their complaints in an open letter that spells out their complaints, including allegations that Milton is subverting the legal process by making decisions without oversight from the Maine Gambling Control Board (MGCB). The…
DraftKings and White Gaming were hit with a $22,500 fine by Connecticut gaming regulators over an online slot machine game that was literally unwinnable. Regulators charged DraftKings $19,000 and White Gaming $3500 after regulators played more than 20,000 spins on a Deal or No Deal Banker’s Bonanza game without a single win. The Deal or…
Recently released court documents in the Matthew Boyer illegal bookmaking case have revealed new details about his multi-million dollar operation and the steps he took to hide that business from authorities. Boyer's bookie business served hundreds of customers, including former and professional athletes, and used casinos to launder his unregulated cash. Boyer is set to…
Are political betting markets a threat to democracy? A group of US lawmakers including Sen. Jeff Merkley (D-OR) and Sen. Elizabeth Warren (D-MA) are calling on the Commodity Futures Trading Commission (CFTC) to ban those betting markets for exactly that reason. Led by Markley, a group of Democratic lawmakers recently sent a letter to CFTC…
A group of US lawmakers, led by Rep. Dina Titus (R) Nevada, is looking to put an end to a federal betting excise tax on sports betting handle. It's a bipartisan effort to relieve operators of a .25 percent tax that all US-facing operators pay, but it might not have enough traction to pass through…
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…
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