Coinbase just struck a deal to acquire The Clearing Company, a startup known for its focus on event-based trading. This comes right after Coinbase rolled out prediction market access on its platform last week. By bringing The Clearing Company on board, Coinbase looks to dig deeper into the world of trading on real-world events. This […]
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Evolution lost its request to make a New Jersey judge order sanctions on investigative firm Black Cube. The company claimed Black Cube did not follow discovery rules. The live casino company said the private intelligence firm failed to comply with the court’s discovery order completely. Black Cube created reports claiming Evolution operates in banned areas. […]
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Sports Betting Alliance (SBA) warned Chicago officials about the proposed online sports betting market plan. This plan could disrupt legal operations. Revenue might drop for public funds. Regulatory confusion will happen if implemented as written. An industry group sent a letter to Mayor Brandon Johnson’s office last week. SBA asked the city to delay the […]
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Truist Securities experts shared careful but positive thoughts on DraftKings’ new prediction markets platform launch. They called this move important for strategy but legally unclear. DraftKings released its separate DraftKings Predictions app in 38 states on 19 December. This launch greatly increases the company’s possible reach. It adds access to about 30% of the US […]
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Gambling participation, regulation of mandatory limits, advertising and research in the industry were all reported. Arno Rutte, the new Secretary of State for legal protection of the Netherlands, presented a few new studies to the Dutch parliament this week in order to give credit to the plans of the government to reform gambling. Amendments to […]
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Norsk Tipping has been established to fix various failure points in complying with regulations and has been informed of the possible administrative penalty of the value of up to NOK1m (€83,924), after being subject to a supervisory audit by the Norwegian Gambling Authority (Lottstift). The regulator found that the state-owned gambling operator did not comply […]
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Coinbase is also suing Michigan, Illinois, and Connecticut over being attacked by those states to establish regulatory jurisdiction in prediction markets as the cryptocurrency exchange gets ready to venture into that industry. The firm complained that the states are, or are threatening to exercise, enforcement measures against the prediction market operators in the absence of […]
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All three main sectors showed increases in the New Jersey market. November brought $636.2 million in total gambling revenue for New Jersey. Last year’s November numbers fell 14.2% below this result, according to the New Jersey Division of Gaming Enforcement. October’s $611.1 million also trailed by 4.1% compared to November. Each of the three core […]
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Parliament in Sri Lanka made changes to betting and gaming taxes official now. Speaker of Parliament Dr Jagath Wickramaratne certified the Betting and Gaming Levy (Amendment) Bill. Wednesday 18 December saw the Speaker announce this development in Parliament. He endorsed the certificate on the Bill on 17 December previously. The final constitutional step for the […]
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Wednesday’s Senate Plenary meeting brought mixed results for gambling legislation. Thirty-six senators voted no, while twenty-eight supported urgent processing. Sports betting tax alterations passed quickly despite casino bill delays. Bill PL 2.234/2022 covers casinos, bingo halls, jogo do bicho, and horse race wagering. Standard legislative procedures remain in effect after urgency rejection. Final voting requires […]
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