Industry
March 19, 2025
Maryland Orders Sweepstakes Operator VGW to Cease-and-Desist
The Maryland Lottery and Gaming Control Agency has slammed sweepstakes casino giant Virtual Gaming Worlds (VGW) with a cease-and-desist letter. The regulator argued that the operator’s products constituted illegal gaming and that it must pull out from the market. This regulatory action aligns with a broader opposition to the sweepstakes format across America. Maryland Cracks […]
Industry
March 19, 2025
Up to 15 Years in Prison for Man Who Shot Casino Security Guard
Jurors in Kern County have convicted R.C., the man who fired a gun at a Golden West Casino security guard in 2023, on multiple charges. The verdict was announced Monday by the District Attorney of the gambling-approved region that approved Tejon’s operations at Hard Rock Hotel and Casino in 2022. R.C. could be looking at […]
Industry
March 19, 2025
Economists Predict Higher Sin Taxes Will Affect Ohio Markets
Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Experts Agree Increase in Gambling and Cannabis Taxes May Decrease the Harmful Effect […]
Industry
March 19, 2025
Prediction Markets’ Future Analyzed by Bank of America Analyst
The rise of popularity in prediction markets was fueled by the recent Presidential elections in the United States. The offering of futures contracts gained significant speed ahead of the elections and in light of Kalshi’s legal case success against the Commodities Futures Trading Commission (CFTC), the federal regulator in charge of prediction markets. Futures Trading […]
Lottery
March 19, 2025
Pennsylvania Lottery Wants to End Profit Rule as Customers Change
The Pennsylvania Lottery has asked lawmakers to rethink the state’s old 20% profit rule for regular lottery games. Lottery executives say getting rid of this rule would let them offer more game types and make more money for state programs that help older state residents. Pennsylvania Lottery Pushes to End Profit Mandate, Citing Demand for […]
Casino
March 19, 2025
Caesars Entertainment Grows Board with Two Independent Directors
Casino giant Caesars Entertainment has added two new independent directors to its Board of Directors. Jesse Lynn and Ted Papapostolou, both executives at Icahn Enterprises, have joined the board right away waiting for regulatory approval. Icahn Enterprises Executives Join Caesars Board This move comes after an agreement between Caesars Entertainment and Icahn Enterprises, a diverse […]
Sports
March 19, 2025
Minnesota United vs. Los Angeles Galaxy 2025 MLS Odds, Time, and Prediction
The defending MLS Cup champions – Los Angeles Galaxy – are still without a single win in the 2025 season. Maybe it’s time for that to end this coming Saturday when they’re looking horns with Minnesota United at Allianz Field in Saint Paul, MN. Minnesota United vs. Los Angeles Galaxy 2025 MLS Odds Moneyline Odds […]
Industry
March 18, 2025
Underdog Exits New York amid Regulatory Scrutiny
Daily Fantasy Sports (DFS) operator Underdog Fantasy has agreed to a $17.5 million settlement with the New York State Gaming Commission (NYSGC). The operator will withdraw its drafts and pick’em games from the state market after contending with allegations of unlawful operations. Despite this setback, the company plans to return to the Empire State and […]
Industry
March 18, 2025
State Rep. Gonzales: “Illinois Is Gambling With Its Financial Future”
Last month, Illinois lawmakers made a new attempt to give the green light to online gambling as a means of further growing the market following the legalization of sports betting five years ago. Then, State Representative Edgar Gonzalez and Senator Cristina Castro submitted House Bill 3080 and Senate Bill 1963, hoping to allow licensees to […]
Business
March 18, 2025
Robinhood Unveils Prediction Markets Hub in Time for March Madness
Trading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players. The offerings are notably a part of Robinhood’s new prediction markets hub located in the trading platform’s app. The March Madness […]
