Another level of resonance to the apparent symbiosis between day trading and sports betting was added after financial regulators in Massachusetts alleged that Robinhood failed to protect novice investors. The 23-page complaint from the office of Secretary of the Commonwealth William Galvin claimed the popular day-trading app allowed investors to take “unnecessary risks.”
Every year, between 1200 -1500 licensed jockeys race at tracks across the United States. This is a tough and unforgiving career, especially in a year marked by a drastic decrease in race days. At the bottom rung, you may earn less than $20,000 a year, if you race regularly. Jockeys who don’t get to ride…
Payment processing has improved since the early days of legal online gambling in the US, but it’s still nowhere near the hassle-free experience the industry desires. And, according to a research note from Eilers & Krejcik Gaming, it looks like things will get worse for online gambling payment processing before they get better.
The likelihood of an IPO for Flutter’s US interests increased yesterday after the company announced it had upped its ownership of FanDuel in a deal worth $4.18 billion. The accelerated acquisition process will see erstwhile FanDuel owners Fastball cash in their 37% stake in FanDuel.
In September 2020, we reported the non-profit group Conscious Gaming was launching a new responsible gaming tool, PlayPause. The technology, powered by GeoComply, operates across state lines and allows gamblers to self-exclude in multiple jurisdictions in one fell swoop.
In the current frenzy surrounding the regulation of sports betting and online gambling in the US, it’s sometimes easy to forget the industry in the rest of the world isn’t quite enjoying the free-flowing champagne apparently giving the US online gambling sector the giggles right now.
To borrow a phrase from Barstool founder Dave Portnoy, Barstool Sports is wrapping the gambling industry’s collective brain in a pretzel. From the moment Penn National Gaming announced it was acquiring Barstool Sports, the controversial company has dominated the US sports betting conversation.
It’s been over two years since the Supreme Court’s landmark ruling paved the way for states to determine their sports betting destiny. Despite more than half of US states legalizing sports betting, some US banks and credit card issuers are still not on board. Many banks continue to block online gambling transactions out of fear…
When people think of US sports betting, they think of companies like DraftKings, FanDuel, BetMGM, and the myriad of other forward-facing brands that comprise the US’s retail and online sportsbooks. What gets overlooked are the suppliers and B2B companies that power those sportsbooks. These are the engines that make the sports betting racecar run. One…
On Monday, FanDuel Group announced plans to make “a multi-million-dollar” investment into Fairmount Park Racetrack in Collinsville, Illinois. In a press release, FanDuel Group said its plans include revitalizing the track, introducing new horse racing events, constructing a retail sportsbook at the track, and rebranding the venue as FanDuel Sportsbook and Horse Racing.
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