Archives: News
UKGC Fines Football Pools Limited £375,000 Over Compliance Failures
The UK Gambling Commission (UKGC) has fined Football Pools Limited £375,000 after breaches of anti-money laundering (AML) and social responsibility (SR) rules. AML has been a recurring theme in the UKGC’s recent
UKGC Cracks Down on Promotional Offers in Push for Safer Gambling
The United Kingdom gambling landscape is set to shift once more after the announcement of new UK Gambling Commission (UKGC) rules. The new measures look to overhaul how licensed gambling operators design and promote
Underdog Hits $1.225B Valuation with $70M Series C Raise
Underdog has raised $70 million in the first close of its Series C funding, valuing the company at $1.225 billion. Spark Capital is leading the Series C round, which is expected to exceed $100 million upon completion.
BetMGM Fined $110K by Ontario Regulator Over Marketing Breaches
BetMGM Canada has been awarded a $110,000 fine for Ontario gambling rules and regulations breaches. The Alcohol and Gaming Commission of Ontario (AGCO) found that BetMGM Canada Inc. violated the Registrar’s Standards
UFC Fighters Suspended in Betting Scandal Tied to James Krause
The Nevada Athletic Commission (NAC) has given lengthy suspensions to two fighters in connection with a 2022 UFC betting scandal. The case centers around a fight between Darrick Minner and Shayilan Nuerdanbieke on 5
Oklahoma Senate Approves SB 585, Could Legalize Online Sports Betting with NBA Team Provision
Oklahoma moved one step closer to legalized online sports betting across the state, after a bill narrowly passed through the Senate. Senator Bill Coleman and Representative Ken Luttrell introduced Senate Bill 585, which
Illinois Lawmakers Weigh Competing Bills to Regulate and Tax Fantasy Sports
Two bills that could be pivotal to the future of daily fantasy sports (DFS) regulation in Illinois are currently being discussed. Two Competing Bills Offer Different Visions for DFS Regulation The two bills in question
Connecticut General Assembly to Consider Three Gaming-Related Bills
The Connecticut legislature continues to consider three pieces of legislation that could alter the state’s gaming law. Connecticut is one of the few states in the United States of America that permits online sports
Community Board Rejects Bally’s Bronx Casino in Heated Vote
A Community Board in the Bronx, New York, has voted against a proposed Bally’s casino and hotel complex. Community Board 10 cast a non-binding vote 29-5 against the proposal to rezone a portion of Ferry Point Park to
Robinhood Faces Massachusetts Probe Over March Madness Prediction Markets
The Massachusetts securities regulator has launched an investigation into trading platform Robinhood and its prediction markets hub. Robinhood partnered with events contract company Kalshi to launch a predictions market