Making a fortune in America's sports betting boom isn't quite as easy as it sounds. Just ask the folks running ESPN Bet. With incredible name recognition, and some very deep pockets, the sports media giant's foray into running a sportsbook hasn't exactly gone according to plan. Now, after a lackluster earnings report, even the company's…
One of the main advantages of regulated sports betting is that players can count on reliable operators who are held accountable by the agencies that license them. That means players can count on relatively quick payouts and overall fair play. But despite the advantages offered by regulated play, many players still prefer using black market…
When the UConn Huskies men's basketball team won their sixth national title last month, state residents had plenty of reasons to celebrate. But one thing they couldn't do was actually bet on the outcome of those games with a regulated sports betting operator. That situation could change dramatically by the time the Huskies play for…
DraftKings' use of "risk-free' bets as a promotion is coming under heavy fire in the state of New York. Earlier this week, a New York resident, and DraftKings customer, named Samantha Guery filed a class-action lawsuit against the sports betting giant in the Southern District of New York alleging the practice amounts to deceptive advertising.…
The NBA is banning former Toronto Raptors player Jontay Porter from the league indefinitely after an investigation revealed he had been betting on his own sport, and sharing insider information with high-stakes gamblers. It's a very serious punishment aimed at showing the world that the NBA takes its gambling policies very seriously. Porter, the investigation…
The strange, and sad, case of Ippei Mizuhara, the longtime friend and interpreter for Los Angeles Dodgers star Shohei Ohtani is expected to take another major turn this week. According to multiple sources, Mizuhara will be pleading guilty to a variety of bank fraud and illegal gambling charges as part of a plea deal with…
How do sportsbooks decide who to impose betting limits and why? That's a question that the Massachusetts Gaming Commission (MGC) is asking and Massachusetts-facing operators may not like the answers that the commissioners come up. The issue came up during a recent public comment session and has been picking up steam with commissioners ever since.…
NCAA President Charlie Baker is calling on state governments to ban individual player prop bets at the college level. His plea comes after a spate of threats towards players and a rising number of betting-related scandals at colleges and universities across the country. Baker made his announcement in a recent X/Twitter posting saying, "Sports betting…
MLB superstar Shohei Ohtani defended himself and cleared the air in a press conference this week, denying any involvement in the massive amounts of money his translator Ippei Mizuhara bet with an illegal bookie. Ohtani told reporters that he had no idea Mizuhara was stealing millions from him until just a week ago, when the…
Is sports betting a risk-free investment? That's how ESPN host Reece Davis described the activity, which is sometimes a good time and other times leads to total chaos in a person's life. Davis' comments, and his subsequent walking back of those comments, shows the challenges and dangers the sports broadcasting behemoth is facing as it…
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