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Crypto Betting Companies Among Donors To Trump Inauguration
The Federal Election Commission published a list of donors to Donald Trump’s inauguration committee, and there were big-money donations from crypto betting sites. The list of donors with ties to the crypto and
Dreitzer Appointed As Head Of Nevada Gaming Control Board
Gov. Lombardo appointed Mike Dreitzer as the new head of the Nevada Gaming Control Board (NGCB) to replace current chairman Kirk Hendrick. Dreitzer was serving as the CEO of Gaming Arts, a gaming equipment supplier and
New Jersey Report Tackles Unregulated Gambling Markets
In a report submitted to the Governor of New Jersey, the Responsible Gaming Task Force focuses on the rise of unregulated gambling. The report identifies four main areas of unregulated betting: social and sweepstakes
Kalshi Sues Maryland Over Cease-and-Desist Letter
Kalshi refuses to back down against state regulators and has filed a lawsuit in Maryland. This is in response to the cease-and-desist letter that the Maryland Lottery and Gaming Control Commission (MLGCC) sent on April
New Jersey AG Says Event Contracts Are Illegal Sport Wagers
New Jersey Attorney General Matthew Platkin has submitted his opinion to the courts in the state’s case against Kalshi. He claims sporting event contracts are no more than sports betting and must comply with state
Nevada Agrees $8.5M Settlement With MGM Over Money Laundering
MGM Resorts has agreed to pay the settlement of $8.5 million for failure to adhere to anti-money laundering regulations. The settlement relates to allowing unregulated betting operator Wayne Nix to gamble at their
Colorado Proposes Tax On Free Bets
Free bet offers have traditionally not been taxed, however, a bill put forward in Colorado looks to change that. Current regulations mean sportsbooks in the state can deduct a certain percentage of free bets issued to
Kalshi Expands Sports Markets To NHL Moneylines
Despite opposition from state regulators, Kalshi had added NHL moneylines to its sports event markets. The NHL markets follow the site creating events for NBA and MLB match winners last week. The pro hockey markets
Alberta Sports Betting Bill Advances
Lawmakers advanced bill 48 through its second reading, which brings Alberta sports betting closer to becoming a more open market. The bill aims to provide a framework for regulated online gambling in the province and
Sports Prediction Markets May Violate Federal Wire Act
Betting legal expert Daniel Wallach has claimed that states could use the federal wire act in their fight against sports prediction markets. The Federal Wire Act of 1961 makes it illegal to “Knowingly use a wire