Industry
August 5, 2024
New Jersey Lambasts Bet365 for Altering Odds, Orders It to Pay Out $519K to Players
The New Jersey Division of Gaming Enforcement (DGE) has ordered gaming and betting operator bet365 to pay out over $500K to dozens of bettors after revising its odds. The authority was unhappy with the fact that the operator made those changes without securing regulatory approval even if the original odds were errant. Bet365 Altered Wagering […]
Business
August 5, 2024
DraftKings Surcharge Scheme Could Become Buying Opportunity
Earlier in the month, we reported DraftKings’ plan for a new surcharge on customers’ net winnings implemented at the start of 2025, as mentioned in a letter to shareholders. The announced surcharge, which is expected to affect DraftKings’s winning clients in Illinois, New York, Pennsylvania, and Vermont, caused the operator’s shares (NASDAQ: DKNG) to slump […]
Sports
August 5, 2024
Paddy Power Pays Out on All Outright Bets on Celtic Winning the Scottish Premiership
Celtic FC’s success in the Scottish Premiership has convinced Paddy Power to pay out any outrights on Celtic as a winner. While the new Premiership season started this weekend, the operator is already convinced that Celtic will reign supreme. Before the seasons started, Celtic was а -225 favorite to win the tournament. In just one […]
Sports
August 5, 2024
France vs. Canada 2024 Olympics Odds, Time, and Prediction
France vs. Canada is one of the most interesting matchups of the quarterfinal stage of the basketball tournament at the 2024 Olympic Games. This is a duel between two big candidates for an Olympic medal, both of which have rosters packed with NBA stars. Betting odds favor Canada, but the tournament hosts mustn’t be underestimated. […]
Industry
August 5, 2024
Sports Betting Legalization Impacts Credit Scores, Boosts Bankruptcies
A new white paper analyzing the impact of legalized sports betting across the United States uncovered a concerning trend. The study, completed by expert researchers with the University of California, Los Angeles (UCLA), Anderson School of Management and the Marshall School of Business – University of Southern California, reveals that easy access to sports betting […]
Sports
August 5, 2024
Brazil vs. USA 2024 Olympics Odds, Time, and Prediction
At some online sportsbooks, it’s not even possible to bet on Team US moneyline, while others are giving extremely short odds on the American “dream team” somewhere in the ballpark of -10000. Oddsmakers are certain the United States will win this game, with the real big question being by how many points. That’s what we’ll […]
Sports
August 5, 2024
Manchester United vs. Manchester City 2024 Community Shield Odds, Time, and Prediction
Manchester United vs. Manchester City is the matchup of the 2024 Community Shield, in which the winner of the FA Cup (Man Utd) locks horns with the winner of the Premier League (Man City). So, who’s going to win the Community Shield on August 10? Let’s find out! Manchester United vs. Manchester City Community Shield […]
Sports
August 2, 2024
Popular Hockey Broadcaster Pulled Off Air for Alleged Betting Violations
Jeff Marek has become one of hockey’s most loved and universally respected voices, gaining a substantial following thanks to his enthusiasm, good humor, and impressive insights. From what had started as an entry-level radio station gig, he went on to carve his career path. He became one of Sportsnet’s signature talents, hosting “The Jeff Marek […]
Sports
August 2, 2024
SBK Sponsors Hibernian FC; Boomerang Onboard Alisha Lehmann as Ambassador
Hibernian FC has announced a new partnership agreement with SBK, Smarkets’ sports betting arm. Under the deal, the team’s athletes will brandish the operator’s logo on their sleeves until the summer of 2026. Hibernian Will Promote SBK’s Brand In addition to appearing on the players’ jerseys, SBK will receive significant branding exposure at Easter Road, […]
Legal
August 2, 2024
Senators Want to Eradicate the Federal Excise Tax via Bipartisan Bill
Senator Cindy Hyde-Smith (D-Nev.) and Senator Catherine Cortez Masto (R-Miss.) want their bipartisan bill called the Withdrawing Arduous Gaming Excise Rates (WAGER) Act to eliminate the federal excise tax that is currently applied to gambling operators’ handle. The tax relief would provide enhanced protection to legal sportsbook operators and gaming businesses, help Nevada and Tribal […]
