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Category: Crypto Betting
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
Do Paf’s Lower Loss Limits Encourage Crypto iGaming?
The Nordic gambling operator Paf has announced a reduction in its annual loss limits for two age brackets. The company is owned by the Åland regional government. It introduced age-specific loss limits in 2022 and last
Aspire Global Fined £1.4 Million for AML and Social Responsibility Failures
The UK Gambling Commission has fined Aspire Global £1,407,384 after an investigation found failures in social responsibility and anti-money laundering. AG Communications Limited, which trades as AspireGlobal, runs 58
Potential Gambling Crackdown in Florida as Lawmakers Eye Harsher Penalties
Florida has seen an influx in bills filed relating to gambling, with the latest batch looking to clamp down on gambling advertising, insider betting, and adjust slot machine definitions. Senator Johnathan Martin has
Crypto Investments Decline Among United Kingdom Students As Gambling Concerns Rise
The fourth edition of the Annual Student Gambling Survey has shed light on student gambling habits in the United Kingdom. Commissioned by Ygam and GAMSTOP, the survey found that students who gamble are four times more
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 Betting Expansion? New York Proposal to Redefine Sports Wagers
Assemblywoman Carrie Woerner has filed a proposal that could see New York grant extra sports betting licenses, reduce the tax rate, and pave the way for crypto. A6013 seeks to amend the definition of sports wager to
From Crypto to Betting Ads: The Financial Rescue Plan for Italian Football
New pressure is mounting in Italy for the government to repeal the ban on betting advertising in Italian sports and allocate a percentage of revenue to event organizers. The Minister of Sport and Youth, Andrea Abodi is
Michigan Sets iGaming Records While Exploring Bitcoin Reserve Bill
January was a record-breaking month for iGaming revenue in the state of Michigan. The Michigan Gaming Control Board (MGCB) reported combined online casino and sports betting revenue reaching $331.2 million in January
Hong Kong Eyes Basketball Betting Legalization, Could Crypto Betting Follow?
Hong Kong regulators are considering the legalization of basketball betting to help plug the country’s budget deficit. Reports suggest that, given basketball’s popularity in the country, the black market,