Paddy Power and Betfair Must Pay £2m Fine for Failing to Protect Users

Fine notice
Failings by Paddy Power/Betfair included allowing customer to place £20,000 in bets across an eight-hour session, the UK Gambling Commission found. In another instance, a customer was allowed to stake £86,000 over a 16-day period
Submitted by Gilbert Horowitz on,

Prediction Market News: Gemini Joins the Fray

Gemini Exchange
One of the leading cryptocurrency exchange and custodial banks, Gemini, has announced it is entering the prediction market space.
Submitted by Aaron Goldstein on,

Fanatics Launches New Prediction Market: Don't Say 'Gambling'

Fanatics Logo
“I mean, I look at these as trades, right?” Matt King, CEO of Fanatics Betting & Gaming, said in an interview.
Submitted by Gilbert Horowitz on,

Illinois Tax Hike Bombs as Sports Betting Numbers Nose Dive in the Land of Lincoln

Illinois opted to impose a 25-cent “privilege” tax on wagering licensees for each mobile or online bet up to 20,000,000 bets and 50 cents on each bet after that. And now the state is paying the piper, so to speak.
Submitted by C Costigan on,

The Big Gambling Ad Spend in the UK: £2bn! in 2024!!

UK Chancellor Rachel Reeves is widely expected to announce an increase in the duties that bookies and casinos pay to the Treasury.
Submitted by C Costigan on,

Fanatics CEO Says Prediction Markets Launch Is Coming Soon

Company is the latest US regulated sportsbook to announce its intention to enter the prediction market sector, following in the footsteps of DraftKings and FanDuel, both of whom have offered similar plans. 

Submitted by C Costigan on,

Polymarket CEO: Regulated Sportsbooks 'Scam" Their Customers

"They all rip off the consumer, respectfully. You can only trade against the house."

Submitted by C Costigan on,

California to Go After Daily Fantasy Sports Sites, Prediction Markets Next

State could also renew efforts to regulate sports betting. 

Submitted by C Costigan on,

FanDuel, DraftKings Give Middle Finger to AGA as Both Seek to Enter Lucrative Prediction Market Sector

The AGA has taken a firm stance against prediction markets. 

Submitted by C Costigan on,

Federal Judge in Nevada Leaning Toward Dissolving the Injunction in Kalshi Matter

US District Court of Nevada Judge Andrew Gordon said he would have a written decision within two weeks.

Submitted by C Costigan on,

Caesars Agrees to $7.8 Million AML Fine Related to Convicted Bookie Matt Bowyer

Caesars becomes the third of the "big three" casino operators in Las Vegas to face an AML fine this year after news broke that the company will pay a $7.8 million fine in connection with convicted bookie Matt Bowyer.   

Submitted by C Costigan on,

FanDuel, DraftKings Pull Nevada License Applications Ahead of Plans to Enter Prediction Market Space

"It has been made clear to the Board that FanDuel and DraftKings intend to engage in unlawful activities related to sports event contracts. This conduct is incompatible with their ability to participate in Nevada's gaming industry."

Submitted by C Costigan on,

MrQ Undergoes Brand Overhaul to Challenge Existing Casino Industry

MrQ is a founder-led UK-based online casino company, which the founder calls “a technology company that owns a gambling licence”.

 

Submitted by C Costigan on,

Former ESPN Exec Mark Shapiro Critical of Network’s Betting Content

The early termination of ESPN Bet's 10 year $1.5 billion deal with Penn Interactive was bound to happen. It's just that few expected this to happen so soon. 

Submitted by C Costigan on,

Sportsbooks Make Out Like Bandits With Raiders Cover Thursday Night

As promised, the Las Vegas Raiders covered in Thursday night's game against the Denver Broncos. 

Submitted by C Costigan on,

DraftKings Becomes ESPN Official Odds Provider as Latter Company Ends Sports Betting Deal

This news comes as ESPN announced it will be ending its arrangement with Penn Enteratinment, thus shuttering the ESPN Bet sports betting app. Penn will rebrand it as TheScore. 

Submitted by C Costigan on,

Bookmaker Software Available for Where I Live

Bookmaker software can be found in every US state and most countries across the globe. The emphasis must always be on quality bookmaker software as some platforms only offer the bare minimum in terms of options.

Submitted by C Costigan on,

5 Features Your Football Betting Software Must Have

Not all Pay Per Head football software is made equally.  With this in mind, it is essential to find a PPH that satisfies the needs of all your players.  Below, we list the five essentials of today's top football gambling software platforms

Submitted by C Costigan on,

What Offshore Betting Sites Reveal About Gaming Trends

Online gaming has grown far beyond its early image of slot machines and poker tables. Today, offshore betting platforms serve as testing grounds for new technologies and player experiences.

Submitted by C Costigan on,

Underdog Sports Preparing To Use Kalshi, Prediction Markets For Its Own Risk Management

The prediction market Kalshi says that Underdog will not be granted preferential trading rates or terms as the latter looks to use Kalshi for its own risk management.

Submitted by C Costigan on,

FanDuel Returns After Down Nearly 12 Hours

It was a rough day for the US largest online sportsbook.

Submitted by C Costigan on,

FanDuel Sportsbook Site Down Monday Morning

An Amazon Web Services outage hit major websites Monday with the US largest online sportsbook, FanDuel, also down.  It was not immediately clear if the FanDuel outage is connected to Amazon's issues, though this did not appear to be the case. 

Submitted by C Costigan on,

Top Trending: Kalshi Saturday Crash Reveals Just How Big a Site Prediction Platform Has Become

Half of the top ten search queries, even with football in full swing, related to Kalshi's outage this weekend. 

Submitted by C Costigan on,

New and Dormant Betting Accounts Used By Gambling Syndicate

An investigation into possible point shaving of college basketball games reveals how new and previously dormant betting accounts are spotted suddenly making big bets on the targeted games.

Submitted by C Costigan on,

Prediction Market News: Wallach Believes Momentum in Kalshi Lawsuits Beginning to Turn

Prediction market Kalshi has fought hard against a handful of US states looking to prevent the firm from competing with its own regulated sports gambling market.

Submitted by C Costigan on,

The Guardian: European Football Clubs Get Around Gambling Ad Ban

Eleven Premier League clubs will have to find new principal sponsors next season when the ban on front-of-shirt advertising for betting companies takes effect.

Submitted by C Costigan on,

Illinois Gov. JB Pritzker Made More Than $1.4 million Gambling?

The $1.425 million in gambling winnings was accompanied by $4.2 million in capital gains, $3.9 million in dividends, and $800,000 in taxable interest, per the Chicago Sun-Times. 

Submitted by C Costigan on,

Ohio Latest State to Challenge Kalshi, Massive Online Gambling Business Taken Down

Ohio has become the second state to engage outside counsel in litigation against Kalshi, the legal online prediction market that is regulated by the Commodity Exchange Act & Regulations (CFTC).

Submitted by C Costigan on,

Wallach: A Setback for Sports Prediction Markets as Judge Flips the Script

Judge Gordon has flipped the script, per gaming attorney Daniel Wallach.

Submitted by C Costigan on,

Prediction Markets Weren't at G2E, But They Still Dominated the Discussion

Plus who is Garret Jin? Crypto whale linked to massive $735M Bitcoin short last week that has entire sector talking. 

Submitted by C Costigan on,