Sports betting regulation Archives

March 22, 2023

Oklahoma tribal sports betting bill clears House

The Oklahoma House of Representatives has voted through a bill that would allow tribes in the US state to add legal sports betting to their existing gaming compacts.

House Bill 1027 passed yesterday (21 March) by a vote of 66-26 and will now move forward to the Senate for a further committee progress, where it could face additional amendments.

The final version of the bill would need approval from both the House and Senate before it could be passed to the governor for final sign-off.

Read the full story on iGB North America

March 21, 2023

Missouri House votes to approve sports betting bill

The Missouri House of Representatives has voted to approve a bill that would legalise sports betting in the US state.

While the vote is a step forward in the authorisation of sports betting in the Show-Me State, a formal roll call vote is required in the House before the bill is sent to the state Senate for final confirmation.

House Bill 556, which would allow for retail and online sports wagering in Missouri, is being co-sponsored by Republicans Dave Hinman and Adam Schwadron, as well as Democrats Keri Ingle and Ashley Bland Manlove.

The bill was introduced to the House at the start of the year and approved last night (20 March). Following a formal roll call, which is expected to take place later this week, the bill will then progress to the Senate for further discussion.

Read the full story on iGB North America

March 14, 2023

World Series of Politics Episode 13: Governor Rick Perry on Texas sports betting

Former secretary of the environment and Texas’ longest-serving governor, Rick Perry, joins Brandt Iden and Brendan Bussmann on the World Series of Politics.

Governor Perry believes legislation from Senator Lois Kolkhorst and Representative Jeff Leach, that paves the way for a public vote on sports betting regulation, is the best way to bring legal wagering to the Lone Star State.

Listen to the World Series of Politics on Apple Podcasts

About Rick Perry:

Rick Perry is a former United States secretary of energy, serving under US president Donald Trump from March 2017 to December 2019.

Governor Perry is a strong advocate for legal sports betting in texas

As the fourteenth secretary of energy, Perry led an agency tasked with overseeing the United States’ energy supply, nuclear defense capacity, and the 17 national laboratories, home to many of the country’s best scientists.

Prior to joining the administration as secretary of energy, Perry served as the 47th governor of Texas. As gov..

March 13, 2023

Rick Perry: Texas voters will back sports betting

Political heavyweight Rick Perry believes a proposal to regulate mobile sports betting in Texas will pass “overwhelmingly” if it is put to voters.

Speaking on the World Series of Politics podcast, Governor Rick Perry said the proposal filed by Senator Lois Kolkhorst represented the best way to legalise betting in the Lone Star State.

Legal sports betting in Texas will also generate significant new revenue, he continued. The full podcast can be heard below.

It could net half a billion dollars according to recent estimates, the longest-serving governor in the state’s history said. This could pave the way for lowering other taxes, and generate more for infrastructure spending.

Governor Perry is in favour of a constitutional amendment to facilitate legal betting in Texas

Plans for Texas mobile betting

Senate Bill 715 and its House counterpart HB1942 set out the framework for regulated betting.

The bills set out plans for a mobile market, with the state’s professional sports fran..

March 8, 2023

New Brazil integrity body forms in wake of scandals

A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports integrity body, the Associação Brasileira de Defesa da Integridade do Esporte (ABRADIE).

The establishment of the new body follows a number of recent match-fixing scandals in the Portuguese-speaking country, which have led to a national conversation regarding its betting laws.

Involved in the creation of the association are Genius Sports, Entain, daily fantasy sports operator Rei Do Pitaco, as well as law firms Bichara e Motta and Maia Yoshiyasu Advogados, who released a joint statement following the group’s formation.

Luiz Felipe Maia from the Maia Yoshiyasu firm argued that the association was being formed at a “critical time,” due to the pressures of the growing Brazilian market and the ongoing question of regulation.

ABRADIE

ABRADIE states that it will operate as a collaborative group that will partner with regulators, federal and state la..

March 8, 2023

US sports betting in 2023: Where do we go from here?

H2 Gambling Capital's in-depth analysis of the current state of the US sports betting market, and its future growth trajectory, is now available as a report.

H2 Gambling Capital: US sports betting exceeding expectations

The fifth anniversary of the Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA), paving the way for legal betting in the US, is fast approaching.

Over this time there has been a wholesale reshaping of the US gaming sector, with mobile betting racing across multiple states, and a pandemic arguably accelerating rather than slowing its spread.

What next for the market?

It’s against this backdrop that H2 Gambling Capital, in partnership with iGB, is looking at what’s next. As the pace of new state launches slows, where is growth coming from?

Report author Ed Birkin, H2 Gambling Capital

For a sector in which a small cohort of brands tend to occupy podium positions in each state, there is there is perhaps more scope for upheav..

February 24, 2023

New era for football as white paper recommends new regulator

The establishment of a new football regulator could have wide-reaching implication for the industry's relationship with the sport, according to a new white paper.

Details on the new independent regulator were released as part of a football industry white paper, which was brought about by a call for reform in the form of a fan-led review of football governance.

The review brought up a number of key issues concerning the sport, including the controversial European Super League – a proposed competition that was criticised for being elitist and exclusionary of certain clubs.

While the football white paper does not specifically mention how the place of the gambling industry will be addressed going forward, it focuses greatly on financial sustainability for clubs and efforts to “reduce harm”.

the white paper was the result of calls for a fan-led review of football governance structures

“There exist fundamental problems of perverse incentives, poor governance, and defective industry..

February 23, 2023

Massachusetts overturns affiliate ban in regulation

The Massachusetts Gaming Commission (MGC) has announced that it will overturn the ban on affiliates that was created in the state’s regulation.

In its open meeting today (23 February), the MCG agreed to replace the existing language in its regulation, which currently bans affiliates from the market by prohibiting cost per acquisition (CPA) and revenue share agreements.

The MGC went on to confirm that they have been working on amendments to the regulations of both licensing for sports wagering vendors as well as advertising for sports wagering advertising.

These amendments are currently still a period of consultation and will be voted on during an open meeting on 23 March 2023.

Under regulation 205 CMR 256, subsection 256.01 (3) the law currently reads: “No sports wagering operator may enter into an agreement with a third party to conduct advertising, marketing, or branding on behalf of, or to the benefit of, the licensee when compensation is dependent on, or related to, the volume ..

February 23, 2023

Federal Bill to ban sports betting ads introduced in the US

A bill introduced into the House by Democratic representative, Paul Tonko proposes a wide-reaching ban on sportsbook advertising.

Entitled The Betting on Our Future Act, the bill aims to “prohibit the advertising of sportsbooks on any medium of electronic communication subject to the jurisdiction of the Federal Communications Commission (FCC), and for other purposes”.

If passed, sportsbooks would not be permitted to advertise on mediums that fall under the control of the FCC, such as TV, radio or the internet.

the bill would seek to ban all sports betting ads on mediums overseen by the fcc – such as tv, radio and the internet

The act is modelled after the Federal Cigarette Labelling and Advertising Act, that passed in 1965 and banned tobacco advertisements in the US.

Should this act be passed, any violation would therefore be a violation of the Communications Act of 1934.

Whether or not the act goes beyond the House, its proposal reflects the rapid growth of sports betting ac..

February 1, 2023

US sports betting: What will drive future growth?

H2 Gambling Capital analyses the factors that could drive ongoing growth in the US sports betting market, and whether products or new markets will play decisive roles.

Jump to:

Expansion into new states

Growth in existing states

Expansion of in-play wagering

What drives gross win?

Expansion into new states

A material amount of sports betting gross win growth that H2 Gambling Capital has forecast is based on further expansion into new states.

H2 Gambling Capital forecasts US sports betting gross win to reach $23.2bn by 2030. Of this growth 57% is from states where sports betting is already legal, while 43% is from states where sports betting is expected to legalise in the coming years.

In terms of the importance of new potential states, California is by far the most important, although the recent ballot result means that H2 does not expect anything to pass in the state for at least another four years. By contrast, Ohio launched sports betting on 1 January 2023 with Massachusett..

February 1, 2023

IBIA reports 268 suspicious betting alerts in 2022

The International Betting Integrity Association (IBIA) announced that it reported 268 suspicious sports betting alerts in 2022 – a 14% year-on-year increase.

This compares with an average of 230 alerts announced between 2019 and 2021.

The association stated this increase can be largely put down to a widening of its monitoring network due to membership growth.

During the year, the IBIA added 16 new members to its ranks, meaning that 45 businesses representing 125 betting brands now count themselves as members.

“The addition of 16 new members in 2022 has undoubtedly strengthened our monitoring and alert network and our ambition is to see all responsible regulated sports betting operators collaborating through IBIA,” said Khalid Ali, CEO of the IBIA. “Proactive and collaborative action by our sector is an essential component in the fight against match-fixing, and to enhancing the overall reputation of the sector in general.”

Divided by quarter, there were 48 alerts in Q1, rising to ..

January 31, 2023

Massachusetts’ sports betting market launches

Category 1 license holders can officially offer retail sports betting in Massachusetts from today (31 January), with mobile wagering to follow in March.

Sports betting was officially signed into law in August last year by then-governor Charlie Baker.

After the 21 November deadline to apply for licences passed, the MGC revealed that 15 operators had submitted applications. Initially, 29 operators expressed an interest in applying.

Read the full story on iGB North America

March 2023
Mon	Tue	Wed	Thu	Fri	Sat	Sun
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Tag: Sports betting regulation