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Industry
November 21, 2024
Robinhood Eyes UK Expansion Despite Regulatory Challenges
Robinhood, the US-based trading app known for its commission-free trading model, is doubling down on its ambitions to dominate the UK market despite facing a challenging regulatory landscape. As part of his vision to make the firm a global leader in traditional finance and cryptocurrency trading, CEO Vlad Tenev was confident that the UK could […]
Industry
November 21, 2024
Texas Could Unlock Billions with Regulated Gambling
Texas remains one of the few states to embrace legalized sports betting, but a growing body of evidence suggests that doing so could lead to significant economic benefits. A recent study from independent research firm Eilers & Krejcik highlighted the untapped potential of legalizing sports betting in the Lone Star State, offering a glimpse of […]
Industry
November 21, 2024
Ohio Penalizes DraftKings for Accepting Prohibited Wagers and Payment Methods
Ohio was among the states that banned college player prop betting amid integrity and harassment concerns. Despite the recent prohibition, DraftKings seems to have offered such products past the prohibition date, incurring a six-figure penalty. DraftKings Was Penalized for Accepting College Player Prop Bets On Wednesday, the Ohio Casino Control Commission approved a settlement […]
Industry
November 21, 2024
Nevada Regulation Would Protect Workers from the Summer Heat
Nevada lawmakers have approved the state’s first regulation to protect workers from the heat usually associated with the desert climate. This breakthrough took four years of trial and error and was hailed by activists in the state. The Regulation Was Long Overdue The regulation, now signed into law by the secretary of state’s office, concerns […]
Industry
November 20, 2024
New Legislation Overhauls Ontario’s iGaming Landscape
The gaming landscape in Ontario is about to undergo significant changes following the passage of Bill 216, which introduces the iGaming Ontario Act. This legislation dissolves the parent-subsidiary relationship between the Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario (iGO), transforming iGO into a standalone entity governed by an independent board. An Independent […]
Industry
November 20, 2024
Macau’s Gaming Sector Faces Global Pressures
Macau’s gaming industry is navigating a complex landscape shaped by robust recovery prospects and the looming shadow of international geopolitical pressures. Recent data indicates an optimistic upward trajectory in gross gaming revenue (GGR), but doubts persist due to external influences and shifting investor sentiments. Financial Forecasts Remain Positive Gross gaming revenues in Macau surged 6.6% […]
Industry
November 20, 2024
Spain Issued $69M in Fines to 15 Operators in H1 2024
Spain’s Ministry of Social Rights, Consumer Affairs and 2030 Agenda noted that the country has sanctioned 15 online gambling operators in H1 2024. As a result, authorities have issued fines totaling EUR 65.3 million ($69 million) to violators. DGOJ Penalized 15 Operators The ministry clarified that of the 15 penalties issued by the Directorate General […]
Industry
November 20, 2024
Dutch Lawmakers Propose Gambling Ads, Credit Card Ban
More countries across Europe are considering expanding the restrictions on gambling advertising amid growing fears of addiction and harm. In 2021, the Netherlands opened its online gambling market, paving the way to licensed iGaming activities. Now, several years later, concerns about the impact on young people pushed lawmakers to file a new proposal that called […]
Industry
November 20, 2024
Gambling Legislation to Return on Lawmaker’s Agenda in Alabama
With limited options for casino gambling, historical horse racing and a lottery, Alabama is among the states that is yet to grow its gambling industry. Sports betting is also off the table in the state, despite being available in most of the neighboring states. Lawmakers May Give Gambling Expansion Another Shot Next Year Despite the […]
Sports
November 20, 2024
Australian Gambling Groups Pay AU$400 for IDs, Raising Concerns
It is not uncommon for bookmakers to restrict the accounts of bettors who are constantly winning. At the same time, some betting companies provide major incentives until a certain timeframe in order to engage with new customers. However, a practice that is picking up speed in Australia is raising concerns among bookmakers and regulators alike, […]
