Nevada regulator warns operators that event contracts are gambling under state law

Nevada regulator warns operators that event contracts are gambling under state law Summary The Nevada Gaming Control Board (NGCB) has issued guidance that so-called “sports event contracts” and similar prediction-market products meet the definition of wagering under Nevada law (NRS 463.0193 and 463.01962), regardless of whether they are listed on federally regulated exchanges such as […]

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Unregulated and unstoppable: crypto’s surge fuels illegal betting boom | AGB

Unregulated and unstoppable: crypto’s surge fuels illegal betting boom | AGB Summary New research from the International Federation of Horseracing Authorities (IFHA) finds that cryptocurrencies are rapidly fuelling illegal online betting. Around 43% of the most popular illegal betting sites now accept crypto deposits, up from 25% in early 2024, while only about 5% of […]

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Resorts World New York City publishes supplemental application to the New York State Gaming Facility Location Board

Resorts World New York City publishes supplemental application to the New York State Gaming Facility Location Board Summary Genting’s Resorts World New York City has published a supplemental submission to the New York State Gaming Facility Location Board, asserting it is the strongest candidate for a full commercial casino licence in the state. The proposal […]

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Strategic Gaming Management completes Sunland Park Racetrack & Casino purchase

Strategic Gaming Management completes Sunland Park Racetrack & Casino purchase Summary Strategic Gaming Management has completed the purchase of Sunland Park Racetrack & Casino for $301m and immediately sold the real estate to Gaming and Leisure Properties in a sale-leaseback transaction. The acquisition is the company’s third in two years and expands its portfolio to […]

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Victoria’s EGM Trial, Harshly Criticised Over Limits

Victoria’s EGM Trial, Harshly Criticised Over Limits Summary Victoria’s YourPlay card pilot — a three-month electronic gaming machine (EGM) trial running in 43 venues across Monash, Greater Dandenong and Ballarat — lets players track spending but makes setting loss limits voluntary rather than mandatory. Local mayors and gambling-harm advocates say the voluntary approach undermines the […]

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Emanuel Clase Faces MLB Ban Over Betting Investigation

Emanuel Clase Faces MLB Ban Over Betting Investigation Summary Cleveland Guardians closer Emanuel Clase faces the possibility of being banned from Major League Baseball as investigators probe alleged betting and pitch manipulation. Clase and teammate Luis Ortiz have been on non-disciplinary leave since July while MLB and the Ohio Casino Control Commission investigate suspicious wagering […]

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Sweepstakes operators fleeing California and other states

Sweepstakes operators fleeing California and other states Summary California has enacted Assembly Bill 831, signed by Governor Gavin Newsom, aiming to dismantle the sweepstakes gambling industry by holding operators, payment processors, suppliers and celebrity endorsers accountable. Backed unanimously by tribes and the California Nations Indian Gaming Association, the law takes effect on 1 January and […]

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