Last week Congressman Paul Tonko (D-NY) and Senator Richard Blumenthal (D-Connecticut) introduced the SAFE Bet Act, a proposed set of federal laws governing the gaming business as a whole and the sports betting business in particular. Reactions to the bill, which would severely limit gambling advertising, among other things, were not particularly positive, especially from…
West Texas A&M (WT) is banning access to online gambling sites via its Wi-Fi networks. It's a move that WT WT President Walter V. Wendler says is meant to protect students from "predatory" gambling site operators. It's also a move that's likely to be closely watched, and likely emulated, by colleges across the country as…
A Michigan man was arrested this week and charged with eight felonies after allegedly making $2 million in fake deposits and $88 million in fraudulent bets with Caesars Sportsbook. The ambitious bettor is facing decades in prison if found guilty on the charges and is currently out on bail. Jeffrey Saco, 38 alleged scheme started…
Earlier this week MLB Players, Inc., the professional baseball players union, filed two separate lawsuit against four sportsbooks alleging that the operators used images of players without their permission. The lawsuits cover images that were used to promote both sports betting and fantasy products across several states. If successful, the lawsuits could drastically change how…
The red-hot US sports betting market could cool down considerably if the recently introduced The Supporting Affordability and Fairness with Every Bet Act (SAFE Bet Act) passes into law. Sponsored by Senator Richard Blumenthal (D-CT) and Representative Paul Tonko (D-NY), the SAFE Bet Act would put major new regulatory limits on how US-facing sportsbooks could…
Are the days of sports books throttling action from successful players coming to an end? That's definitely something that the Massachusetts Gaming Commission (MGC) is considering as it digs into the very common industry practice after winning players complained that there is no regulatory transparency with regards to what it takes to get throttled. Representatives…
PENN Entertainment CEO Jay Snowden recently told investors that ESPN Bet will be fully integrated into ESPN's digital properties in the very near future. It's a move aimed at fully nailing down ESPN's massive online audience into its gaming ecosystem. It's also a move that could garner criticism for exposing that very same massive online…
Recently released court documents in the Matthew Boyer illegal bookmaking case have revealed new details about his multi-million dollar operation and the steps he took to hide that business from authorities. Boyer's bookie business served hundreds of customers, including former and professional athletes, and used casinos to launder his unregulated cash. Boyer is set to…
A group of US lawmakers, led by Rep. Dina Titus (R) Nevada, is looking to put an end to a federal betting excise tax on sports betting handle. It's a bipartisan effort to relieve operators of a .25 percent tax that all US-facing operators pay, but it might not have enough traction to pass through…
Before regulated sports betting became the law of the land, everyone involved in US-facing sports betting had a vision of what life outside of the black market might look like. One of those visionaries was professional gambler Billy Walters. Now that sports betting is legal, Walters is opening up about how badly he thinks things…
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