Stake has been dealt a significant blow following the suspension of Indian Premier League cricket amid ongoing conflict between India and Pakistan. The league has been suspended – initially for a week – due to security concerns as tensions continue to rise between the two countries. The news comes as a substantial hit to online […]
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. […]
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 […]
Horse racing and fashion go hand-in-hand – with iconic annual meetings like Royal Ascot and Glorious Goodwood famed for racegoers making more of an effort to dress up – which is why top UK high street brand Debenhams and their latest venture with the UK Jockey Club racecourses looks a match made in heaven. Jockey […]
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 […]
Fresh from winning the 151st Kentucky Derby at a mud-splattered Churchill Downs, the news came out that the winner Sovereignty WON’T take his chance in the Preakness Stakes – meaning US horse racing fans will not witness a Triple Crown winner in 2025. However, the better news that filtered out of the Maryland track was […]
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 […]
During its two-day virtual meeting this week, the NCAA’s Division III Management Council took action to support legislation on deregulating betting on professional sports. Student-Athletes, Staff Will Seek Help For Problem Gambling? According to the NCAA’s news release, the council directed staff to “develop concepts for the appropriate Division III committees regarding a safe harbor, […]
According to BetMGM, an NBA bettor has placed a $100,000 wager on the Los Angeles Lakers to win the 2025 NBA Finals at +1000 odds. Such a bet would net the gambler $1.1 million. Lakers Have An Implied Win Probability Of 9.09% Odds of +1000 indicate bettors would win $1,000 if they place a $100 […]
PENN Entertainment is looking to deepen its integrations between the ESPN app and ESPN BET with the unveiling of ESPN BET Mint Club, offering customers an improved sports betting experience. ESPN BET Mint Club provides those who link their ESPN BET and ESPN accounts with access to deposit bonuses, exclusive offers, giveaways, profit boosts, and […]