USA

IG Group to Acquire Underdog in $1.3 Billion Deal
Richard JanvrinBy: Richard Janvrin

IG Group to Acquire Underdog in $1.3 Billion Deal

The London-based fintech company will acquire Underdog in a deal designed to expand its U.S. prediction markets business.
Industry
LuckyStake Sweepstakes Casino Announces Shutdown
Richard JanvrinBy: Richard Janvrin

LuckyStake Sweepstakes Casino Announces Shutdown

LuckyStake has informed players it is closing its sweepstakes casino platform and outlined key redemption deadlines.
Industry
Photo by Bigmikebmw, CC BY-SA 3.0
Michael SavioBy: Michael Savio

Study Finds 18% of Arizona Bettors At Risk for Problem Gambling

A new study from the Arizona Department of Problem Gambling delivered some startling results. It found that almost 1 in 5 bettors are dealing with a moderate or high risk of problem gambling, despite prediction markets yet to gain much popularity.
Responsible Gambling
Exterior of the Las Vegas Convention Center with its signature signage and entrance plaza
Lucas DunnBy: Lucas Dunn

Las Vegas Conventions Surge as Leisure Travel Slows

Convention business is offsetting soft leisure travel in Las Vegas, with June attendance up sharply even as gaming revenue slipped.
Las Vegas
Photo by Jeroen Stroes Aviation Photography from Netherlands, CC BY 2.0, via Wikimedia Commons
Michael SavioBy: Michael Savio

Delta, DraftKings Launch Controversial New SkyPicks Game

Delta and DraftKings have launched a new SkyPicks game where players can make predictions on games by answering a series of “yes/no” questions for a chance to win Delta gift cards. However, critics fear it could fuel problem gambling.
Sports Betting
Aerial view of the Las Vegas Strip showing traffic, palm trees, and casino resorts including Bellagio, Paris, and Aria
Lucas DunnBy: Lucas Dunn

Nevada Gaming Revenue Steady in June, Strip Dips Slightly

Nevada's statewide gaming win stayed nearly flat in June as baccarat weakness hit the Strip, though the fiscal year closed with solid growth.
Las Vegas
Photo by https://pxhere.com/en/photo/1170475, CC0, via Wikimedia Commons
Michael SavioBy: Michael Savio

Poll: NC Residents OK With Sportsbooks, But Not Predictions

A North Carolina poll conducted by Meredith College found that residents were happy with regulated sports betting, but support a ban on prediction markets. It also showed growing concern over how sports betting is impacting underage bettors and college athletes.
Sports Betting
Could Massachusetts iLottery Slow Online Casino Legalization
Richard JanvrinBy: Richard Janvrin

Could Massachusetts iLottery Slow Online Casino Legalization?

The launch of Massachusetts iLottery could make it more difficult for lawmakers to advance online casino legislation.
Legal
NCLGS Urges Congress to Classify Prediction Markets as Illegal Gambling
Richard JanvrinBy: Richard Janvrin

NCLGS Urges Congress to Classify Prediction Markets as Illegal Gambling

State gaming lawmakers adopted a resolution calling on Congress to clarify that prediction markets should be regulated as gambling.
Legal
Federal Judge Blocks Minnesota's Prediction Market Ban
Richard JanvrinBy: Richard Janvrin

Federal Judge Blocks Minnesota's Prediction Market Ban

The ruling pauses Minnesota's first-in-the-nation prediction market ban while the legal challenge moves forward.
Legal