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Federal Judge Denies DraftKings, bet365 Motion to Dismiss in MLB Players’ NIL Lawsuit
A federal judge has denied DraftKings and bet365’s attempts to dismiss a lawsuit filed by MLB Players, Inc. (MLBPI) surrounding the use of MLB players’ images and names. Judge Marston of the U.S. District Court for
DraftKings Eyes Prediction Markets with NFA Filing for ‘DraftKings Predict’
Sports betting operator DraftKings has filed to register ‘DraftKings Predict’ with the National Futures Association (NFA). The filing is for Gus II LLC, trading as DraftKings Predicts. If it gains regulatory
Judge Rules Steven Jacobs’ Lawsuit Against DraftKings Can Proceed
A federal judge in New York has ruled that portions of Steven Jacobs’ lawsuit against DraftKings can proceed. Judge Natasha C. Merle of the United States District Court for the Eastern District of New York
BetMGM Announces Job Cuts as Sports Betting Market Slows
BetMGM, a joint venture between MGM Resorts International and Entain, has announced that it will cut 83 jobs at its headquarters in Jersey City, New Jersey. According to a public notice filed with the New Jersey
Crypto Reserves Bill on the Horizon as Arizona Reports Record Betting Handle
The Arizona Department of Gaming has reported record sports betting handle for the month of November. As the Grand Canyon State edges closer to becoming the latest state to pass a crypto reserves bill, other use cases
Crypto iGaming in New Jersey? Record Revenues Show Growing Digital Demand
New Jersey recorded its second-highest iGaming revenue in a single month, showing 20.9 percent year-over-year growth and reaching $221.6 million. The underlying data clearly shows the public’s appetite for digital
Jason Robins Says DraftKings Will Consider Crypto If More States Approve
Jason Robins, DraftKings’s Chief Executive Officer, has admitted that the company is open to accepting cryptocurrency as a form of payment in the future. During the company’s fourth-quarter earnings call, Robins
Online Betting In The Balance as Nebraska Hears Testimony
Nebraska legislators heard testimony on Legislative Resolution 20CA, a proposed constitutional amendment that could allow Nebraskans to vote on legalized online sports betting in the state. Senator Eliot Bostar, the
DraftKings Ends NFT Lawsuit with $10M Settlement, Eyes Crypto Future
Sports betting giant DraftKings has agreed to a $10 million settlement to resolve a class action lawsuit alleging that its non-fungible tokens (NFTs) were unregistered securities. The lawsuit, filed in March 2023,