Australian Communications and Media Authority fined Betfair for violating the Spam Act. SYDNEY – Betfair was fined $871,000 AUD by the Australian Communications and Media Authority (ACMA) for sending illegal spam messages to customers. Between March 2021 and November 2021, Betfair sent over 4,000 marketing messages … Read more
Flutter, the parent company of FanDuel, will be making a move to gain a listing in the North American stock market. The move comes after a shareholder meeting saw overwhelming support for the company to branch out. Year-over-year FanDuel has quickly grown to encapsulate a … Read more
Iowa’s sportsbooks handled $233.5 million in wagers in March, up compared to both last month’s handle and March 2021’s handle. March was Iowa’s second-strongest sports betting revenue month since launch, with sportsbooks generating a combined $14.4 million in sports betting revenue. DES MOINES, Iowa – … Read more
More than $304 million was bet on sports in Virginia in March. This can mainly be attributed to March Madness betting throughout the month. FanDuel is the biggest sportsbook in the state, claiming 53% of the market. RICHMOND, Va. – Sports betting fans in Virginia … Read more
Andrew Melnick has filed a lawsuit against Betfair Interactive/FanDuel Sportsbook alleging the sports betting provider gave false information on wagers. The lawsuit claims the FanDuel’s live betting odds during NCAA basketball games were inaccurate. Discrepancies between the sportsbook’s information and the actual information in the … Read more
The 2020 Presidential Election has received a record number of wagers in the United Kingdom. American betting platforms do not offer political wagers but the UK estimates $1 billion in bets for the election by the time it’s over. The 2020 Super Bowl was estimated … Read more
Flutter and The Stars Group will go through with a planned merger on Tuesday, May 5, 2020. The two companies own major gambling and sports betting products like FanDuel, Betfair, FOX Bet, and PokerStars. The newly merged company will split operations into four geographically based … Read more
DraftKings sent the West Virginia Lottery an email detailing why they want to offer political betting. The coronavirus is part of the reason why online sportsbooks are interested in political betting. Sportsbooks from the U.K. are seeing more action on U.S. election odds every year. … Read more
Many sports leagues around the world have suspended play or canceled major tournaments. Sports cancelations have led to sports betting stocks to take a hit. Industry heads are preparing to take hits due to the coronavirus for the next few months. NEW YORK – Sports … Read more
Pennsylvania sportsbooks saw over $3 million in losses for Super Bowl 54. The bulk of wagers came through mobile sports betting platforms. The addition of three new online casino applications should help bring in extra revenue. PHILADELPHIA – Super Bowl 54 saw $31 million wagered … Read more
Midnite is a U.K-based sports betting platform. The Makers Fund has given Midnite over $2.5 million to fund its platform. Midnite believes that esports betting will bring in completely new customers. LONDON – Midnite is a new esports betting platform based in London and the … Read more
Tradesports, a sports-betting exchange platform, will begin its beta testing phase this week. The testing phase will use three separate NFL games where people will be able to try out this new form of wagering on the games for free. With the popularity of sports … Read more
