FanDuel announced this morning that it has signed a merger agreement with Paddy Power Betfair to combine their US-based businesses. The deal will see Betfair US acquire a 61% share of the combined business venture, with options to increase that stake to 80% after three years and 100% after five years.
The Supreme Court has ruled the federal ban on sports betting unconstitutional, freeing the way for states to legalize sports betting.
The unions representing players in the MLB, NBA, NFL and NHL have officially acknowledged sports betting. The NFL Players Association posted a notice on Twitter yesterday morning containing a joint statement from the four unions:
Casual poker players in Washington State woke up to a rude surprise earlier this month when they found out PokerStars has disabled all play-money games for users based in Washington. The basis for this decision and the court case that led to it serves as a reminder that the expansion of online poker and sports…
It’s official. Preparations are underway at DraftKings to pivot to sports betting should the Supreme Court rule in favor of New Jersey in the Garden State’s quest to repeal the federal sports betting prohibition.
The biggest bank in the United States has finally gotten on board with online horse racing betting. After blocking payments to legal US horse racing websites for years, JPMorgan Chase changed its policy earlier this month and has now begun approving deposits made by customers to licensed horse racing betting sites.
Verizon Communications is reportedly eyeing its options regarding sports betting as the Supreme Court weighs a case that could see the activity legalized later this year. If the Supreme Court rules in favor of New Jersey in its challenge of the constitutionality of the national sports betting ban, it will open the doors to legalization…
Note: I am not a financial advisor, tax advisor, lawyer, doctor or rocket scientist. I do know a thing or two about the state of sports betting in the USA, but that’s about it. Today’s post is not advice; it is just me talking about a few stocks I am considering ahead of the Supreme…
The long-awaited Supreme Court case that will decide the fate of legal sports betting in the United States is officially underway. Lawmakers representing New Jersey in its challenge of the federal prohibition of sports betting presented oral arguments in front of the Supreme Court of the United States.
It seems the NBA is finally going to play its cards all out in the open after going years refusing to take an official stance on sports betting. NBA Senior Vice President and Assistant General Counsel Dan Spillane revealed the decision last week at the Sports Betting USA conference in New York.
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