Circa CEO Derek Stevens is experiencing the extreme highs and lows that can be an earmark of both the gaming industry and gambling itself. On the up side, Circa Sports was granted one of just two untethered sports betting licenses in the State of Missouri. That victory was quickly overshadowed by this week's announcement that…
In the world of sports, and sports betting, everyone always likes to root for the underdog. While that's not always the situation when it comes to sports betting operators, the State of Missouri just gave a major underdog a major advantage in the newly opened Show-Me-State betting market. Late last week the Missouri Gaming Commission…
How will Illinois sportsbook operators integrate the state's new per-wager tax and how will those efforts be taxed? Those are just some of the questions the legal minds at DraftKings, FanDuel and Fantatics are trying to figure out ahead of the implementation of an onerous new tax that will definitely have an impact on their…
The world of regulated sports betting that opened when the US Supreme Court overturned PAPSA back in 2018 it inadvertently opened a Pandora's Box of troubles for professional and college athletes. These woes ranged from prop-betting-related death threats to career-ending allegations of play impacted by gambling. And, according to some recent comments made by NBA…
Anyone who is expecting to see a resolution of the predictions markets vs. regulated sportsbooks beef anytime soon should probably adjust their expectations by about two years. That's the prediction Jones Walker partner and International Masters of Gaming Law (IMGL) President Marc Dunbar made recently on the iGaming Daily podcast. In Dunbar's estimation, the Kalshi…
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…
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…
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…
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