Google is now permitting prediction marketing advertisements with their latest advertising policy update. A Massachusetts judge rules that Kalshi is not licensed to offer sports wagering in the state. Portugal ordered Polymarket to cease their operations and be blocked in the country after an influx … Read more
Google CEO’s post on X attracted lots of attention to the release of Gemini 3, which has garnered over $7 million in bets on Polymarket. Kalshi’s injunction in Nevada likely to be overturned, facing opposition from multiple other states as well. MOUNTAIN VIEW, Calif. – … Read more
The Brazil sports betting market could see a raise on its tax from 12% to 18% of Gross Gaming Revenue, sparking backlash from licensed operators. The new tax measure, effective immediately but pending Congressional approval, could push the total tax burden above 56%. Senators are … Read more
Ulrich Mäurer plans to propose new rules that would ban all sports betting advertisements in Germany at the Conference of Federal States’ Interior Ministers in December. Google has pulled all sports betting advertisements from Florida after judge Dabney Friedrich ruled the updated Seminole Gaming Compact … Read more
The sports betting market will grow to $9.2 billion by 2025 according to a report by J.P. Morgan. DraftKings was estimated to spend $93 million on advertising through the first three quarters of 2020. Major media outlets such as ESPN, FOX Sports, and Bleacher Report … Read more
Google plans to allow mobile sports betting apps to be available in the Google Play Store. Currently, sports bettors cannot download apps from the Play Store but they are available in the iOS store. Sports betting stocks increased following Google’s announcement. MOUNTAIN VIEW, Calif. – … Read more
The Google Play Store does not allow gambling apps in the United States. Each state has individual gambling laws, making it difficult for Google to comply with local laws. Gambling apps are allowed in the Google Play Store in the UK, Ireland, and France. MOUNTAIN … Read more
Facebook, Apple, and Google have all dropped over 25% over the last month. Amazon and Netflix have seen smaller drops at 12% in the same span. Sportsbooks are setting over-unders for their share price by March 31. As the FAANG stocks lead the market, bettors … Read more
Changing industry standards have caused stock prices for European gaming affiliates to plummet. Top betting affiliates in the UK saw their share price drop by 70% from 2018 to 2020. The American sports betting market has seen little effect so far, but that could change. … Read more
With the widespread popularity of sports betting, Google has authorized more states to advertise these services on its search engine. These advertisements will come with restrictions under the new Google policy. Ads for wagering on sporting events will not be exclusive solely to the state … Read more