Two UFC fighters won’t be seeing the inside of the octagon for quite a while after receiving suspensions from the Nevada Athletic Commission (NAC) for their connections to illegal gambling. Jeff Molina and Darrick Minner received 36- and 29-month suspensions, along with $235 fines for their roles in the scheme. According to a report on…
Blackhawk, a casino town outside of Denver, is making a statement this week as it becomes the first American municipality to join the National Association Against iGaming (NAAiG). It's a major statement from a small town whose entire revenue stream is based on getting players to make the 50-minute drive from Denver to play at…
Resorts World will be paying a $10.5 million fine for failing to comply with Nevada anti-money laundering (AML) regulations. The fine, which was the key part of an agreement the company reached with the Nevada Gaming Control Board (NGCB), is the second-largest ever levied by the Board. The beleaguered Strip casino got into hot water…
The Cornhusker State is one step closer to mobile sports betting this week after lawmakers reluctantly moved forward a bill expanding the state’s gaming options. If passed into law, LR20CA would allow up to six gaming operators to partner with Nebraska horse racing venues to offer mobile sports betting across the state. But LR20CA still…
The number of people turning to Google to find help for gambling problems has skyrocketed since 2016. That’s the conclusion of a recent study conducted by researchers from the University of California San Diego and published in the Journal of the American Medical Association (JAMA). According to the study, titled Growing Health Concern Regarding Gambling…
Several US lawmakers are taking another shot at turning the Supporting Affordability & Fairness with Every Bet Act (SAFE Bet Act) into law on the eve of March Madness. Earlier this week,Representative Paul Tonko (D-New York) and Senator Richard Blumenthal (D-Connecticut) announced that they will be reintroducing the SAFE Bet Act to Congress with a…
Major League Baseball (MLB) is joining the discussion surrounding events contracts and prediction markets with a letter addressed to acting Commodities Futures Trading Commission Chair Caroline Pham. In the letter, penned by Bryan Seeley, Executive Vice President, Legal & Operations, the MLB stresses what it sees as a dire need for events contracts operators to…
If you were hoping to augment your monthly egg fund with profits from prediction markets like Kalshi and you live in Nevada, we have some bad news for you. Earlier this week the Nevada Gaming Control Board (NGCB) announced that as of March 14, event prediction markets would no longer be available to Nevada residents.…
Several Fresno State basketball players are under investigation by the NCAA for allegedly betting on their play on daily fantasy sports (DFS) sites. According to ESPN.com, junior forward Mykell Robinson and a group of his associates were regularly betting on their play, including the under line. Details of the investigation are still scarce, though whatever…
Anyone who is wondering whether or not prediction markets are an actual threat to traditional gaming interests should have a talk with Nevada Congresswoman Dina Titus (D). Last week Titus sent a letter to Commodity Futures Trading Commission (CFTC) Acting Chairwoman Caroline D. Pham voicing her concerns about prediction markets and their impact on regulated…
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