Are America's horse racing tracks on the radar of Immigration and Customs Enforcement (ICE)? In the light of the controversial agency's recent raid on the Delta Downs Racetrack, Hotel and Casino in Calcasieu Parish, and arrest of more than 80 employees, that may well be the case. According to a recent posting by a Louisiana…
A New Jersey courtroom was hit with a barrage of briefs earlier this week when litigants from across the regulated gaming world lined up to oppose Kalshi and other prediction sites that are operating in the American sports betting market. Over the course of two days, five amicus briefs (friends of the court) were filed…
The battle over the legality of sweepstakes casinos took an unexpected turn late last week when Louisiana Governor Jeff Landry vetoed a bill banning the controversial casinos. Governor Landry's veto flew in the face of popular political support in the state for the ban and took many lawmakers by surprise. If passed into law, SB181…
As regulated gaming, especially sports betting, continues to grow in the United States more and more lawmakers are looking at ways to wring more tax dollars out of their newly minted cash cows. The latest entry into that category is the State of Wyoming where lawmakers are considering tax increases on sports betting, games of…
Life for Illinois' low-stakes sports bettors is getting more difficult by the day. Late last week DraftKings announced that is following its rival FanDuel's lead by adding a $.50 transaction fee to all wagers placed through its online sportsbook in Illinois. The move is in response to an impending $.25 single bet tax being imposed…
Can the fox be trusted to guard the hen house? According to former Kalshi board member and current Commodity Futures Trading Commission (CFTC) nominee Brian Quintenz, the answer to that question is a resounding "yes". Quintenz, who recently testified before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry about the future of prediction trading…
FanDuel's Illinois players are going to get a really unpleasant surprise beginning September 1 when Flutter Entertainment institutes a new $.50 transaction fee on every wager placed. The new transaction fee comes in response to a new Illinois law that institutes a $.25 transaction fee on an operator's first 20 million bets taken and a…
The battle over sweepstakes casinos heated up considerably this week when New York State Attorney General Letitia James announced that she sent cease-and-desist orders to 26 NY-facing sweepstakes casinos. It's a big move from a major law enforcement unit that does not bode well for the future of sweepstakes casinos and their journey through a…
Is the US-facing online gambling business growing so fast that regulators can't keep up with it? That's the argument that Jordan Maynard, chair of the Massachusetts gaming commission made recently in comments reported on by the Guardian newspaper. Maynard is calling for massive, nationwide gambling reforms that include a national self-exclusion list to help fight…
One of the biggest controversies in the US-facing gaming industry is an influx of businesses, such as contracts markets, that operate in loopholes that sidestep the traditional licensing process. AS the fight heats up each side is lining up its allies and girding for a fierce fight. Earlier this week, a coalition of free-market supporters…
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