Industry
February 13, 2025
Illegal Horse Race Betting in the UK Skyrockets 522%
The UK gambling black market has seen a troubling 522% surge in unique visits to unlicensed horse racing betting websites, leading to mounting concerns over regulatory policies unintentionally driving users away from legal offerings. A recent report by the International Federation of Horseracing Authorities (IFHA) revealed a spike in exposure to these unregulated platforms, prompting […]
Industry
February 13, 2025
Trump Nominates Kalshi Board Member Brian Quintenz as CFTC Chair
The future of prediction markets in America seems brighter as President Donald Trump nominated a Kalshi board member to chair the Commodities Futures Trading Commission (CFTC). Prediction markets have so far experienced certain headwinds in the USA despite the growing demand for such products. Quintenz Feels Honored to Be Nominated as CFTC Chair The chair […]
Industry
February 13, 2025
Proposal for More Gaming Tables in Sacramento Gains Traction
Gamblers in Sacramento are set to receive expanded gaming options as the city seeks to approve the addition of new gaming tables. Under the new ordinance, cardrooms will be allowed to add several new gaming tables over 15 years. Sacramento Considers Additional Gaming Tables The measure was approved by the Sacramento City Council’s Law and […]
Industry
February 13, 2025
MGM Advances Plans to Control Las Vegas Sportsbooks
The leading gaming and hospitality operator with a strong presence on the Las Vegas Strip, MGM Resorts Internation, made a major step toward managing BetMGM, the joint venture it owns in collaboration with Entain. The process continues to gain traction, after a recent hearing with the Nevada Gaming Control Board (NGCB). MGM Resorts Will Leverage […]
Industry
February 13, 2025
Nine Operators Get Cease-and-Desist Orders in Michigan
At the end of January, we announced that Mybookie.ag operator Duranbah Limited N.V. was targeted by the Michigan Gaming Control Board (MGCB) through a cease-and-desist letter as part of the ongoing battle against offshore casinos and sportsbooks. Now, the regulator has announced similar action against nine other online casinos operating illegally in the state. The […]
Industry
February 13, 2025
New Study Warns iGaming May Harm Economy and Society
Since PASPA’s repeal in 2018, sports betting expanded across the United States, and it is now available in nearly 40 states. After the significant traction gained by the activity, lawmakers in several states are considering the expansion of gambling with the addition of online casinos. Now, a recently founded coalition, consisting of advocates, employees, unions […]
Industry
February 13, 2025
Gambling Expansion in Texas Sparks Strong Opposition and Support
Texas is one of the handful of US states that currently have strict laws when it comes to gambling activities. This is why gambling lobbyists, as well as lawmakers, are pushing for the legalization of sports betting and destination resorts, offering hotel accommodation, entertainment and casino gambling. While over the last few years, no proposals […]
Industry
February 12, 2025
New Data: Casino Visitations Have Dropped But Patrons Spend More
David Katz, an analyst from Jefferies Equity Research, found that casino visitations have dropped since 2019 but revenue per visitor has slightly increased, with varying declines in some regions. Jefferies Equity Research Study Records Less Visitors David Katz is an analyst from Jefferies Equity Research and one recent study of his showed that casino visitations […]
Industry
February 12, 2025
BGC CEO Encourages Collaboration as Black Market Grows
Grainne Hurst, the chief executive officer of Britain’s Betting and Gamin Council (BGC) has spoken at the annual Gambling Anti-Money Laundering Group (GAMLG) training event, warning participants of the growing illegal gambling market and the dangers it poses to the regulated industry. Hurst encouraged collaboration in the war on the black market, saying that it […]
Industry
February 12, 2025
Senator Addabbo Seeks to Add New Legal Markets to NY Betting
New York Senator Joseph Addabbo has submitted yet another gaming bill, this time proposing the expansion of the legal sports betting options available to customers. If the measure is signed into law, players will be able to place wagers on entire sports seasons and other high-demand markets. The Measure Would Expand the Markets Available to […]
