DraftKings Prediction Markets Payback Could Stretch to 41 Months if Sports Contracts End
TLDR DraftKings keeps about $7.30 in gross revenue for every $100 consumers trade on its exchange. The company plans to spend up to […]
DraftKings Tells Congress Its VIP Hosts Run Monthly Problem Gambling Checks
TLDR DraftKings denied using AI to find customers likely to lose money. VIP hosts must randomly check 10 customers each month for signs […]
CFTC Sets Early December Deadline for Prediction Markets to End State Geofencing
TLDR The CFTC gave prediction market exchanges 30 days to remove domestic geographic restrictions. Exchanges can instead send a written explanation of why […]
UK Gambling Review to Test Whether Prediction Markets Belong in Finance or Betting
TLDR The UK has launched an independent review of the Gambling Act 2005. Prediction markets, crypto and AI are among the products under […]
MLB’s $200 Cap on Single-Pitch Bets Back in Focus at Clase Trial
TLDR Guardians pitchers Emmanuel Clase and Luis Ortiz are on trial over alleged pitch-fixing. A sportsbook CEO says betting patterns reveal more than […]
Fanatics Amex Card Offers Up to 8% FanCash With No Annual Fee
TLDR Amex Membership Rewards points can now convert to Fanatics FanCash at 1,000 points for $10. Fanatics is the first sports transfer partner […]
Oregon Court Rules Lawyer Was Right to Skip Audit in $300K Casino Theft Case
TLDR The Oregon Court of Appeals upheld Traci Lynn Marang’s guilty plea on Nov. 4. Judges said her lawyer acted reasonably by not […]
Brazil Supreme Court Freezes Betting Ban Challenges as Licensed Operators Wait
TLDR Brazil’s Supreme Federal Court has frozen all legal challenges to the country’s betting ban. Licensed operators invested R$2.55 billion in total to […]
PAGCOR Adds PayCools to Accredited Payment Provider List for Philippine Gaming
TLDR PAGCOR has accredited PayCools as a support service provider for payment gateways and payment channels. The company appears on the regulator’s official […]
Most Montreal Online Gamblers Use Unregulated Sites as Quebec Weighs iGaming Rules
TLDR A Montreal study of 8,500 adults found 54% of online gamblers use unregulated sites. Online gambling rose to 13.3% of adults in […]