Gambling and Sports Betting News Wire - November 14, 2019
Here are today's headlines in the world of gambling and sports betting as they happen - Wednesday November 13, 2019.
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TD Ameritrade Looking To Enter Sports Gambling Business
- The brokerage’s chief information officer, Vijay Sankaran, told Business Insider that TD Ameritrade is already conducting focus groups to test customers’ interest in sports gambling.
- While still in very early stages, with no specific products yet in the works, the focus groups were “very engaged” and results indicated that sports gambling “may be a space we can play in,” Sankaran said in the interview.
- The sports gambling market is rapidly growing, and could be a prime opportunity for TD Ameritrade to offset lost revenue from eliminating trading fees last month.
- Completely nixing commissions on trades resulted in a revenue impact of $220 million to $240 million per quarter, or around 15% of overall revenue, according to Steve Boyle, TD’s chief financial officer, so it makes sense that the firm is looking for new business.
- It’s not the first time brokerages have explored tapping into sports gambling or fantasy sports: TD Ameritrade earlier this year collaborated with ESPN to provide fantasy football players with a digital tool to assess team performances, while rival firm Interactive Brokers launched a simulated sports betting exchange last summer.
- “Sports gambling is an emerging market—it’s a big revenue opportunity if played the right way,” says Jake Williams, vice president of legal and regulatory affairs for Sportradar. “With the state by state set up, there are a lot of legal and regulatory challenges that do exist and could make it challenging,” he points out. Read on Forbes Here
Man Loses Wife to Gambling Than Thrashes Her Badly When She Won't Leave
A man in Bihar lost his wife in a gambling game then reportedly assaulted her after she refused to go with the ‘winner’.
According to the complaint, the woman was asleep in her room on Monday night when her husband Binod Kumar Shah woke her up to inform that he had lost her to a villager after gambling and that she would have to go with the winner.
“He (husband) told me the winner would arrive at home the next morning and so you should get ready to go with him since I have lost you in the game,” the woman identified as Chanda Devi reportedly told the police.
The woman alleged her husband thrashed her badly when she refused to go the next morning.
The unidentified woman is believed to have moved in with her parents.
The incident appears to be more common than one might think.
Some time back in the same district a woman had herself lost a gamble and then happily went away with the winner.
Our Free Picks Record November 13
2019 NFL Record: 3-9 (0%)
2019 College Football Record: 4-2 (66.6%)
2019 MLB Record: 26-18-2 (59%) - No Plays Over -160
2018-19 College Basketball Record: 12-9 (57.1%)
2018-19 NBA Record: 7-5 (58%)
2018 MLB Record: 45-35 (56.2%)
2018 NBA Record: 12-4-1 (75%)
November 9, 2019
- Aaron Goldstein, Gambling911.com
