A King County judge ordered Kalshi to stop offering sports event contracts to anyone in Washington. Kalshi must run IP- and residency-based geofencing by Aug. 19 and a GeoComply system by Sept. 2. Missing the Sept. 2 deadline costs $120,000 a day unless Kalshi files … Read more
Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more
New York lawmakers are weighing a bill to eliminate state-level gambling loss tax deductions following recent federal changes. Meanwhile, Missouri and New Jersey continue reshaping their legal sports betting markets with new restrictions and licensing rules. ALBANY, N.Y. – From tax reform in New York … Read more
GeoComply conducted more than 5.36 million geolocation checks and identifies roughly 370,000 accounts in the first 48 hours of online sports betting in North Carolina. In that same time frame, 6,175 sports betting accounts were made in South Carolina attempting to access the North Carolina … Read more
Six states would have totaled an estimated $320.5 million in tax revenue with regulated sports betting. GeoComply tracked over 242 million legal sports betting transactions throughout Week 1 of the 2023 NFL season. Sportsbooks added 1.1 million new sports betting accounts, a 40% increase from … Read more
Multiple sportsbooks and casinos in various states were found to be in violation of state law since sports betting became regulated. Fines were the primary punishment, but may prove ineffective if not raised higher. The revenue in most of these casinos and sportsbooks far exceeds … Read more
New York is the fifth state to break the $10 billion total betting handle marker. October could be the first month that any state breaks over $2 billion handled in a month. GeoComply data suggest New York would be the first to do so. NEW … Read more
There was a 95% increase in online sportsbook accounts that bet on the Super Bowl this year. There were 5.6 million accounts used to bet on Super Bowl 56. There was an expected $7.61 billion betting handle for Super Bowl 56. LAS VEGAS – Following … Read more
After months of anticipation, New York finally successfully launched the first batch of their state-regulated mobile sportsbooks on Saturday. New York recorded nearly as many sports betting transactions in the first 12 hours after launch as Pennsylvania, New Jersey, and Michigan did in that time … Read more
New Jersey is getting vocal about sportsbook advertisements during NFL games. The Garden State would like sports wagering operators to look over ads to ensure they are safe and not misleading to viewers. Should operators not comply, New Jersey has said that they could go … Read more
GeoComply has revealed the top sports betting markets during the opening week of the NFL season and Arizona saw the fourth most wagers. There were 58.2 million geolocation transactions during Week 1 of the football schedule. This NFL opener more than doubled the activity that … Read more
GeoComply has announced that it has received the Supplier Registration and can offer geolocation and compliance solutions to Tennessee betting operators. GeoComply has launched PlayPause which is a tool to enhance the effectiveness of any iGaming and online sports betting program. KNOXVILLE, Tenn. – GeoComply … Read more