MaximBet shutdown just a few days after FuboTV announced their ceasing of operations. Cannibalization of sportsbooks may continue as sportsbooks struggle and customers lodge complaints. INDIANAPOLIS – Last week, MaximBet released a statement ceasing operations as a legal US sportsbook. Players will have to rely … Read more
FuboTV announced their closure of Fubo Gaming to secure a positive cash flow by 2025. They represented less than 1% of the market during 2022 March Madness in Arizona. FuboTV Sportsbooks in Iowa, New Jersey, and Arizona will close immediately. NEW YORK – FuboTV announced … Read more
Sports apparel company Fanatics trademarks BetFanatics as they aim to launch their own sports betting mobile app. Fanatics would join the likes of Sports Illustrated and FuboTV as sporting companies that transitioned into sports betting. JACKSONVILLE, Fla. – It seems a new regulated sportsbook is … Read more
FuboTV advertised for a live PFL fight that was actually prerecorded. Sportsbooks were taking heavy action on these fights. LAS VEGAS – A major betting scandal could be unfolding with the Professional Fighters League as their streaming partner, FuboTV, has advertised a pre-recorded fight in … Read more
FuboTV is not hosting betting lines directly from the TV streaming app. This will be for a prize of a year-long free Fubo service. FuboTV saw $119.7 million in revenue in Q1 now setting a new record. NEW YORK – FuboTV members will be able … Read more
DraftKings will now be in the business of sports betting media broadcasts and content through their purchase of VSiN. Each business will be its own separate entity, however, the DraftKings brand will be integrated into VSiN as well as VSiN information being seen through DraftKings … Read more
FuboTV may not be getting a sportsbook any time soon as the company now has a lawsuit against them for reporting false projections to investors. Anyone that purchased stock in fuboTV from March 2020 – January 2021 could be eligible to be a part of … Read more
Georgia and Kentucky have filed bills to legalize sports betting in 2021. Connecticut, New Hampshire, South Dakota, Virginia, and Washington all have proposals about their legal sports wagering markets to be heard in the current or upcoming legislative sessions. Governors in Arizona and Ohio are … Read more
FuboTV’s stock price went up by 35% just by announcing their intent to launch a sportsbook in 2021. DraftKings, Penn National Gaming, and MGM Resorts have all seen growth on the stock market as a result of their sports betting efforts. Many companies see positive … Read more
FuboTV’s acquisition is expected to close by the end of the first quarter of 2021. Vigtory is licensed to operate in Iowa, but FuboTV is looking to expand into further markets in the future. The streaming service expects to have launched an integrated online sportsbook … Read more
Missouri has pre-filed three bills to make sports betting legal during the 2021 session while DraftKings partnered with Foxwoods Casino in Connecticut to make a push for 2021 sports betting legislation. Governor Roy Cooper of North Carolina agreed to the ratified Tribal Gaming Compacts that … Read more
Major sports and TV streaming platform fuboTV has acquired Balto Sports, signaling a move into the sports betting world for the company. Balto Sports develops tools for fantasy sports software, suggesting that fuboTV will foray into the sports betting market in joint with their expanding … Read more
