Author: Adam Roarty
Posts by Adam Roarty
The CEOs of Flutter and PENN Entertainment confirmed that the companies are considering launching prediction markets in the US market. Flutter CEO Peter Jackson commented on the topic during the company’s Q1 earnings call, where reported revenue was lower than expected, and prediction markets could be a way to increase company profits in the future. […]
Alberta lawmakers passed the iGaming Act on its third reading with no amendments on Wednesday. The bill proposes to expand Alberta’s legal betting industry, which currently is limited to one sports betting app, PlayAlberta. Service Alberta Minister Dave Nally’s Bill 48 now just needs the seal of approval of Lieutenant Governor Salma Lakhani to become legal. […]
Two bills that proposed to legalize sports betting in Oklahoma failed to gather enough votes to make it out of the Senate on Thursday. Both bills fell short by just one vote from progressing. House Bill 1047 would have required Gov. Kevin Stitt’s signature to be activated, but Stitt had already commented that he intended […]
The General Directorate for the Regulation of Gambling (DGOJ) has announced that it imposed sanctions totaling more than €140 million (€142,721,000) on online betting and gambling operators in Spain during 2024. In the second half of the year, fines totaling €77 million were issued to 26 operators. Of these, 14 were foreign operators penalized for operating […]
A bill in Connecticut that proposes a ban on sweepstakes casinos and lottery couriers will go before the full Senate for consideration. Senate Bill 1235 cleared the Legislative Commissioner’s Office on Monday, after being introduced in February this year. It was unanimously approved 22-0 in the General Law Committe in March before a 37-0 vote in […]
Flutter CEO Peter Jackson reported that customer-friendly results in March Madness put a dent in the company’s earnings in the first quarter of the year. The gambling giant reported Q1 revenue of $3.67 billion, lower than Wall Street expectations of $3.84 billion. This led to earnings of $283 million for the company in the first […]
Steph Curry’s injury against the Timberwolves led to Fanatics Sportsbook refunding $500,000 in player prop bets involving the Golden State Warrior. Under the bookmaker’s “Fair Play Policy,” if players exit the game in the first half, all player bets are refunded in cash, and parlay legs involving the injured player are voided. The offer previously […]
A former Fred Meyer employee pleaded guilty to stealing $60,000 from the company to fund her gambling habit. Oregon City woman Rainbow Melodi Stammet, 43, was convicted on two counts of theft in Clackamas County on Tuesday. Local news outlets reported that Stammet had been working for the retailer for two years when loss prevention […]
Texas Sen. Bob Hall laid out his case for abolishing the Texas Lottery altogether in a committee hearing on Monday, calling it an “illegal organized crime” operation. Hall is the author of SB1988, which proposes abolishing the state lottery and shutting down the Texas Lottery Commission (TLC) by January 1st, 2026. Speaking to the Senate […]
Rep. Brian Stewart has confirmed that he is working on a proposal to legalize online casinos in Ohio. The legislation could allow legal online poker and other casino games in the Buckeye State. Stewart is seeking new sources for tax revenue after plans to raise existing gambling taxes were removed from Gov. Mike DeWine’s budget. […]
The Commodity Futures Trading Commission (CFTC) has asked the D.C. Circuit Court to withdraw its appeal against the legality of election markets. This paves the way for future election betting through prediction market sites such as Kalshi, Crypto.com, and Robinhood. The move to dismiss the case also points to the CFTC validating the expansion of […]
A bill proposing to ban sweepstakes casinos in New York has been amended to give regulators more control over what constitutes a dual-currency system. Sen. Joseph Addabbo’s SB5935 aims to prohibit social and sweepstakes casinos in the Big Apple. The bill originally defined online sweepstakes as a platform that “utilizes a dual-currency system of payment […]