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,…
When it comes to wagering, American players go absolutely crazy for March Madness. That's the conclusion of a recent press release from the American Gaming Association (AGA) regarding the NCAA Men’s Division I Basketball Tournament aka March Madness. According to the AGA's predictions, some 68 million Americans will wager a combined total of $16 billion…
Caesars Entertainment is stepping up its rewards program with a new partnership with Bakkt Holdings, the creator of a platform for buying and selling digital assets. The new partnership allows Caesar Rewards members to redeem their points through the Bakkt Crypto Rewards program. This creates a future where points earned spending lavishly at Caesars Palace…
Would a proposed affordability check scheme send UK punters into the arms of black market operators? That's the conclusion of a recent survey of punters conducted by the UK Betting and Gaming Council (BGC). The survey, which was conducted by YouGov on behalf of the BGC, found that 79 percent of punters queried thought that…
Will professional wrestling be the next-big-thing for regulated US sports betting operators? A recent report from CNBC suggests that representatives of the WWE have approached gaming regulators in Colorado and Michigan with a plan for marketing wagers on professional wrestling matches in their states. Though the idea isn't that far-fetched, wagering on events whose outcome…
The action on any casino floor is meant to be intense and continuous, but that's not always how it works out. Thanks to a 1977 law requiring operators to fill out a W-2G tax form on any winning play over $1,200. But a group of lawmakers, led by Nevada Rep. Dina Titus (D) are pushing…
Flutter, the parent company of PokerStars, is paying out a $4 million fine to the Securities and Exchange Commission (SEC) for violations of US anti-corruption laws relating to the company's business practices in Russia. The violations were of the legacy variety and occurred mostly before Flutter acquired Pokerstars' parent the Stars Group back in 2019.…
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