CFTC Nominee Brain Quintenz To Give Up Position At Kalshi
Brain Quintenz, Trump's nominee to lead the Commodity Futures Trading Commission (CFTC), has announced he will resign from his position on Kalshi's board upon taking office.
Sportsbetting News
Brazilian Soccer Clubs Oppose Ban On Betting Sponsors
Brazilian soccer clubs have voiced their opposition to a proposed ban on betting sponsors. More than 50 clubs issued a joint statement on Tuesday stating their concern about financial collapse due to Senator Carlos Portinho's bill that imposes restrictions on advertising boards in stadiums and sports arenas.
PENN CEO And Director Buy Up Shares After Price Drop
Penn Entertainment CEO Jay Snowden and Director David Handler bought a combined 44,000 shares after a recent price drop, caused by a report by disgruntled investor HG Vora.
Irish FA Want To Ban All Professional Players & Club Officials From Betting On Football Worldwide
The Irish Football Association is seeking to ban all professional players and club officials from betting on football worldwide. As it stands, Irish League players and officials aren’t allowed to bet on domestic matches but they are allowed to use sports betting apps to wager on fixtures outside of Northern Ireland. IFA To Join English […]
Massachusetts Fine Sports Betting Platforms $50,000 For Noncompliance
The Massachusetts Gaming Commission (MGC) dished out $50,000 in fines to sports betting platforms last week. The fines related to violations of the state's rules on betting on Belarusian sports teams, LPGA events, and marketing practices.
Major League Rugby Announces Partnership With Social Betting Platform Sparket
Major League Rugby (MLR) has announced a partnership with Sparket, an online gambling platform that focuses on creating a social environment for betting.
Betfair Closes UK Affiliate Program
Befair has announced the end of its affiliate marketing programme in the UK and Ireland. The Flutter-owned betting exchange is looking to scale down its home operations in favor of expansion in international markets.
FanDuel Limits Force Charles Barkley To Use “Bookie On The Side”
TNT basketball analyst Charles Barkley commented that he needs a "bookie on the side" because FanDuel does not allow him to place the bets he wants.
Red Sox Confront Online Abuse Linked to Sports Betting
The Boston Red Sox have spoken out against the rise of abuse online because of disgruntled sports bettors. Pitcher Liam Hendriks raised the issue after receiving death threats due to a loss to the Mets recently.
Court Rejects DraftKings Appeal Against MLB Lawsuit, Setting Up Potential Trial
DraftKings was denied a motion to dismiss the case brought against it by MLB Players Inc. (MLBPI) for misappropriation of publicity and unjust enrichment. In simpler terms, MLB players are suing one of the leading USA sports betting sites for using players’ identities without permission on its sportsbook and social media posts. DraftKings’ Motion To […]
Louisiana House Approves Reduced Sports Betting Tax Hike
The Louisiana House of Representatives approved a bill that will increase sports betting tax on Tuesday, but at a reduced rate from the original proposal.
Brazilian Judge Sides With BetNacional In Lawsuit Over Underage Betting
A judge in Brazil has denied a request for the suspension of BetNacional and its parent company, NSX operations, in a $88.3 million lawsuit.