Update from the editors: LineLibrary was changed to Vigtory, then sold to FuboTV, and is now closed. This post will remain live for a historical archive. LineLibrary was a Chicago-based startup that had its sights set on completely changing the way sportsbooks do business. With a vision of “creating the NASDAQ of sports betting markets,”…
As legalized online gambling continues to gain momentum in states around the country, opposition of this national trend have begun to gain footing. When it comes to the opposition of online gambling, there is no singular voice as determined and well-funded than that of Sheldon Adelson.
When the Sports Wagering Market Integrity Act (SWMIA) was introduced at the end of last year, it sparked a theoretical debate about which government or governments were best suited to regulate the newly-forming gambling markets.
Sports betting integrity fees became a hot-button issue during the run-up to the Supreme Court’s PASPA decision and immediately after. Yet, of the many states that have legalized sports betting since the PASPA decision, not one adopted integrity fees. Even the federal bill that sought to regulate sports betting in 2018 included zero integrity fee…
DraftKings has secured its position as a major player in the developing online sports betting and gambling market in the US through a multi-year deal reached with Caesars Entertainment yesterday that will grant DraftKings access to states where Caesars operates and sports betting is legal.
The US Department of Justice has reversed its stance on whether or not the Wire Act applies to forms of gambling other than sports betting. In an opinion issued this afternoon, the DOJ stated it now believes the Wire Act does apply to other forms of gambling beyond sports betting.
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