Enhanced Chances for Reimbursement of Betting Losses Will Be Reinstated
The likelihood of gamblers being able to deduct 100% of their gambling losses from their winnings has decreased this week with a proposal to remove the One Big Beautiful Bill…
NFL Seeks Increased Regulation of Prediction Markets Prior to Entering Partnerships
The NFL is taking a cautious approach when it comes to establishing partnerships with prediction market operators, prioritizing stronger regulations and safeguarding game integrity. NFL Commissioner Roger Goodell. The league…
Crypto.com and Robinhood Urge SCOTUS to Embrace Federal Preemption in Prediction Market Case
Crypto.com and Robinhood Markets (NASDAQ: HOOD) are urging the U.S. Supreme Court (SCOTUS) to determine that the Commodity Exchange Act (CEA) prevents states from regulating sports event contracts. Crypto.com and…
DraftKings Introduces New Tools and Advertisements for Responsible Gaming
DraftKings introduces new responsible gaming features to enhance customer tools and promote safer play in the sports betting industry. The updates include new product features, responsible engagement ads, and educational…
CEO of Genius Sports Foresees Prediction Markets Generating Strong, Long-lasting Demand for Sports Betting
Genius Sports (NYSE: GENI) CEO Mark Locke believes prediction markets will continue to play a significant role in the U.S. sports betting landscape. However, he anticipates changes in the current…
Yokohama Mayoral Candidate Advocating Against Casinos
A candidate running for the Yokohama mayor position vows to maintain the city free of casino gambling if he emerges victorious in the upcoming special election scheduled for Oct. 18….
FanDuel Reimburses Participants for Fantasy Sports Contest Fees Following Outage
FanDuel refunds contest fees for daily fantasy sports (DFS) players due to technical difficulties during week one of the NFL regular season. A FanDuel logo is shown in Toronto. FanDuel…
Caesars introduces Flex Parlays and Injury Protection for NFL Bettors
As the landscape of sports betting changes and bettors’ preferences evolve, sportsbooks are adapting by more than just adding more markets to keep customers engaged, according to Dominic Hammond, the…
Six Malaysians Imprisoned in Singapore for $3.8M High-Stakes Poker Robbery
Several Malaysian individuals have been convicted for a daring armed robbery during a private high-stakes poker game in Singapore. This heist resulted in the theft of US$3.38 million, making it…
Nevada Rep. Dina Titus Advocates for Tax Deduction for Gambling
U.S. Representative Dina Titus (D-NV) remains steadfast in her efforts to fully reinstate the federal gambling loss deduction by advocating for the advancement of her FAIR BET Act in the…