Occasion prediction markets are disrupting sports activities betting markets and gaming trade commerce teams should not very proud of the state of affairs. Public feedback from the Nevada Resort Affiliation (NRA) and On line casino Affiliation of New Jersey (CANJ) that had been submitted to the Commodity Futures Buying and selling Fee (CFTC) forward of an April 30 roundtable dialogue on the topic…
Strategic partnerships that open the door to unique services and products are the lifeblood of the trendy gaming trade. Operators that efficiently handle these sorts of partnerships are those who’re in a position to distinguish their merchandise in a really crowded market. This week Caesars Leisure and AGS, the maker of a variety of…
An ESPN commentators off-hand comment about “risk-free” investments again in March of 2024 remains to be ringing within the ears of ESPN Guess executives, and Massachusetts gaming regulators. Late final week Penn Leisure compliance officers bought a grilling from the Massachusetts Gaming Fee (MGC) in regards to the overlap between ESPN’s on-air content material and its duty to comply with…
Will the present debate over prediction markets and their place as unlicensed sportsbooks find yourself with a Federal entry into the US gaming market? That is a prediction that MGM Resorts Worldwide CEO and president William J. Hornbuckle IV made on the the East Coast Gaming Congress in Atlantic Metropolis final week. Hornbuckle was one in all…
One more US State is taking a better have a look at occasion prediction operators and whether or not or not they’re working as unlicensed sportsbooks. Earlier this week the Michigan Gaming Management Board (MGCB) introduced that it’s investigating occasion prediction operators equivalent to Kalshi and Robinhood to make a last dedication on their place within the…
The State of Hawaii moved to nearer to its first type of authorized playing late final week when its Senate permitted HB1308. Underneath the phrases of the invoice, the Aloha State would provide legalized on-line sports activities betting and day by day fantasy sports activities (DFS). If handed into regulation, HB1308 would offer a framework for at the least 4…
In a world the place the traces between licensed sportsbooks, day by day fantasy sports activities operators and prediction markets are extraordinarily blurred, the Atlanta Braves are giving DFS an endorsement by renewing their partnership with PrizePicks. The multi-year renewal extends PrizePick’s present standing because the official DFS associate of the high-profile MLB franchise, which was initially signed again…
Occasions contract operator Kalshi clocked an enormous win in opposition to the Nevada Gaming Management Board (NGCB) late final week when a Nevada courtroom dominated the NGCB doesn’t have regulatory authority over predictions markets. In his ruling on the matter, Chief Choose Andrew Gordon mentioned that Kalshi’s operations are ruled by the Commodities Futures Commerce Fee,…
Tribal gaming pursuits have confirmed to be an vital ingredient within the growth of regulated sports activities betting in america. With their established gaming ecosystems, and super political clout, name-brand sportsbooks have lengthy acknowledged how Indian casinos are a fast-track to establishing a toehold in new markets. The importance of these relationships was entrance…
Who has the proper to control occasions prediction markets, the states, or the federal authorities? That is the query on the coronary heart of a dispute between occasions prediction big Kalshi and the Nevada Gaming Management Board (NGCB). The battle took an fascinating flip earlier this week when the NGCB threw Kalshi’s personal arguments proper again in…
