Two VGW Sweepstakes Casinos Receive a Second Cease-and-Desist Order from the Maryland Regulator
Two sweepstakes casinos and their operator received a second wave of cease-and-desist letters from Maryland’s gaming regulator. On March 17, the well-known online sweepstakes casinos received cease-and-desist orders from the Maryland Lottery and Gaming Control Agency, also known as the Maryland Lottery. VGW was accused by the regulator of operating both platforms unlawfully without a […]
The newest sports betting company to enter prediction markets is Fanatics.
The newest sportsbook to adopt the prediction markets approach is Fanatics. Fanatics will start accepting event contracts “within the next couple weeks,” CEO Michael Rubin told CNBC on Thursday. Fanatics is entering the competition shortly after DraftKings and FanDuel introduced their prediction market offerings. The Commodity Futures Trading Commission (CFTC)-regulated Crypto.com was apparently in negotiations […]
Do you want to bet? How Utahns can legally ‘bet’ on sports despite the gambling ban.
Utahns no longer have to go down to Nevada for a quick weekend of gambling. According to gambling expert Jonathan D Cohen, author of Losing Big: America’s Wreckless Bet on Sports Betting, Kalshi, a New York-based federally regulated company within the growing prediction market industry, began including sports as part of the real world events […]
New sports bar opens at Hard Rock Casino Sacramento, ready for future sports betting
In preparation for the legalization of sports betting in California, the Hard Rock Casino Sacramento at Fire Mountain has opened a new sports bar. Gambling and watching the big game should go hand in hand for Northern California casino patrons. As the casino gets ready for the potential of sports betting, the new sports bar […]
A lobbying group for sweepstakes promotes “Social Plus” terminology for online gaming platforms.
There’s a new, more succinct title for the main lobbying group that promotes online social games with sweepstakes promotions. A new term for the contentious online games that the Social Gaming Leadership Alliance (SGLA) aims to popularize has been introduced. Sweepstakes casinos are now referred to by the group as “Social Plus.” “Online social games […]
Tennessee Sports Betting Looks A Lot Different After Five Years.
When Tennessee’s regulator approved four digital sports betting providers on November 1, 2020, the state made history. Tennessee, the fourth state to debut that year, was the first in the United States to authorize and open just digital sports betting sites. BetMGM, DraftKings, FanDuel, and Tennessee Action 24/7 were the first four operators to launch, […]
Sweepstakes casinos are no longer accepted for ad certification by Google.
New rules pertaining to social casino advertising are part of Google’s most recent policy update. The internet giant clarified the kinds of games that don’t adhere to its rules for social casino games in an update to its Gambling and Games policy. Sweepstakes casinos are now considered a kind of game that is “outside the […]
September sees a decline in Vegas Strip casino revenue as travel and airplane traffic continue to decline.
The Strip had its first monthly drop in gaming revenue since May in September, but the almost 5.5 percent loss wasn’t shocking because the two biggest resort operators on Las Vegas Boulevard claimed that lower visitor numbers and lower consumer spending had persisted since the summer. Strip gaming revenue dropped to $687.8 million last month, […]
Nevada Will Be First State To Enforce Prediction Market Ban
Crypto.com will stop offering sports event contracts in Nevada by next Monday, Nov. 3, following a court judgment outlawing the contracts, the Nevada Gaming Control Board wrote to industry stakeholders Friday. In a written explanation of an announced decision, U.S. District Court Judge Andrew P. Gordon Oct. 14 dismissed Crypto.com’s request for an injunction against […]
Crypto.com will discontinue issuing sports event contracts in Nevada after losing in federal court.
Late Friday, the Nevada Gaming Control Board said that Crypto.com, a prediction market operator involved in a lawsuit against the state over contracts for sporting events, has consented to cease operations in Nevada after November 3. Crypto.com requested a preliminary injunction earlier this year to prevent the Board from applying Nevada law to its contracts […]
