Do predictions markets pose an existential threat to traditional regulated gaming? Given the reaction of lawmakers from states that depend heavily on revenue from regulated gaming to the proposed appointment of Brian Quintenz to oversee the federal Commodity Futures Trading Commission (CFTC), the answer would be "yes". Earlier this week, Nevada Representative Diane Titus formally…
The battle against individual player prop bets heated up this week when Ohio Governor Mike DeWine joined the growing chorus calling for an outright ban on the popular betting category. Governor DeWine pointed to a recent, gambling-related, investigation into several Cleveland Guardians' players as the impetus for his conversion on this highly controversial subject. Prop…
One of the biggest innovations of the online gambling era is the development of in-play micro betting. Players love the idea of betting on the outcome and details of every single play and operators really love the additional revenue stream. But if a New Jersey lawmaker has his way, micro betting will be a thing…
The American Gaming Association (AGA) is breaking new ground as it welcomes its first member with zero land-based or online casinos. That newest member to America's largest gaming industry trade group is the Carnival Corporation a.k.a. Carnival Cruise Lines. The operator of AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises,…
Former NBA star Gilbert Arenas was arrested this week and charged by federal authorities for his alleged connection to high stakes, and illegal, poker games held at his Los Angeles home. Arenas was hit with three charges including one count of conspiracy to operate an illegal gambling business, one count of operating an illegal gambling…
Predictions are an essential component of the world of gaming and BetMGM CEO Adam Greenblatt was more than happy to share his predictions for the industry's future during a recent earnings call with investors. Greenblatt opined on subjects ranging from the recently increased tax on gambling earnings to the impact of sweepstakes sites and his…
Cleveland Guardians relief Pitcher Emmanuel Case has been placed on leave until August 31 while Major League Baseball officials investigate potential sports betting issues. It's a case that focuses on the hot button issue of microbetting and could put more pressure on sports betting operators to ban the activity entirely. Case is no back-bencher and…
Aggrieved bettors are making life hell for athletes at both the college and professional level. That's the message Boston Red Sox pitcher Lucas Giolito recently shared with MLB Commissioner Rob Manfred in a private conversation. Giolito related the story, and his pitch for gamblers to take a chill pill, with Baseball isn't Boring podcast host,…
Will a recent ban on influencer advertising be of benefit to the country's massive swarm of black market gambling sites? BetMGM's head of legal Eduardo Ludmer thinks that is exactly what lawmakers' efforts to reign in a form of advertising, that is allegedly fraught with fraud, will promote. It's a sticky situation that illustrates some…
The battle over prediction markets, and their place in the regulated gaming ecosystem, continued full bore in recent weeks as American Gaming Association President and CEO Bill Miller weighed in on the issue in a blitz of editorialw in the Kansas City Star and other Midwest newspapers. Miller, not surprisingly, thinks that predictions markets are…
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