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Betfair Has Thoughts on US Presidential Race

Is US President Joe Biden heading for a historic loss when voters head to the polls in November? That's the very hot take taken by punters at Betfair Exchange. President Biden's chances of staying in office supposedly plunged this week after a partisan report criticizing his cognitive abilities was released to the public by Republican…

Iowa Players Challenge ‘Warrantless’ Sports Betting Probe

Two former Iowa State football players who were caught up in a sports betting scandal that rocked the world of college athletics are calling a foul on the investigation that caused them so much trouble. Isaiah Lee and Eyioma Uwazurike, who both received sports betting related suspensions in 2023, have filed a motion challenging the…

West Virginia Targets Betting-Related Athlete Harassment

Regulated sports betting has been a huge boon for state governments, adding over $1 billion in tax revenue each year. That money funds everything from the maintenance of state parks to programs aimed at stopping problem gambling. Of there's been a dark side to the sports betting boom, especially on college campuses where problem gambling…

AGA Lashes Out Against Proposed ‘GRIT Act’

Last week Sen. Richard Blumenthal and U.S. Rep. Andrea Salinas. introduced a proposal aimed at fighting problem gambling that's funded by existing taxes on sports betting. Under the terms of the Gambling Addiction Recovery, Investment, and Treatment Act (GRIT) about half of the money currently collected under .25 percent federal excise tax would be funneled…

Congress Ready to Tackle Problem Gambling with ‘GRIT’

A group of US lawmakers are making history by authoring the first federal bill aimed at tackling problem gambling as a wave of US States embrace regulated sports betting. If passed into law, the Gambling Addiction Recovery, Investment, and Treatment Act (GRIT) would utilize revenue from an already existing .25 percent federal tax on operator's…