Author: Adam Roarty
Posts by Adam Roarty
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 […]
A pair of bills that aimed to tackle the rise of sweepstakes casinos by banning dual-currency gambling will no longer be considered by Florida lawmakers. The bills are off the table despite state lawmakers extending the legislative session from the original end date of May 2nd to June 6th. Former Philadelphia Eagle, Sen. Corey Simon had […]
The 151st Kentucky Derby, held on Saturday, set a new record betting handle for US horse racing. Early reports suggest US gamblers staked a total of $234.4 million on the race, up 11% from last year’s $210.7 million. It was the second running of the race since Kentucky sports betting was legalized in September 2023. […]
The NBA has sent a letter to the Commodity Futures Trading Commission (CFTC) about the risks of continuing sports prediction markets. The pro-basketball organization became the second major professional sports league to raise concerns about the spread of prediction markets on sites such as Kalshi, following the MLB, which sent a letter last month. Alexandra […]