DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more
Underdog Sports struck a deal with Crypto.com’s derivatives affiliate to launch sports prediction markets on its platform. BROOKLYN – A partnership announced Tuesday makes sports event contracts from Crypto.com | Derivatives North America (CDNA) available inside the Underdog app. For Underdog, a company best known … Read more
DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing benefits for all 109 federally recognized tribes. Despite ongoing negotiations, tribal … Read more
As a bipartisan issue, Senators Mike Lee and Peter Welch wrote to the Federal Trade Commission asking for an investigation into DraftKings and FanDuel – two sportsbook operators who control over three-fourths of the US betting market. The sportsbooks faced a similar request a decade … Read more
Fanatics entered into an agreement with PointsBet US to acquire the company for $150 million in an effort to grow in the legal sports betting industry. DraftKings entered the mix weeks later, placing a bid of $195 million in cash to acquire PointsBet US. DraftKings’ … Read more
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
DraftKings officially launches its sportsbook in Ontario, Canada, continuing its North American expansion. DraftKings joins the likes of Caesars, BetMGM, FanDuel, and PointsBet in Ontario. 13 total operators have been approved to offer sports betting apps in Ontario. BOSTON – Canada bettors in Ontario now … Read more
The Portland Trail Blazers have become the first NBA team to partner with a cryptocurrency company by way of StormX. The UFC has partnered as a whole with Crypto.com. Wyoming has allowed within its laws for regulated sportsbooks to accept cryptocurrencies as payment on wagers. … Read more
The Massachusetts Legislature has 19 sports betting proposals to consider for passage in 2021. At the moment, the consensus is to have a mobile and retail sports wagering market open in the Bay State. But collegiate sports gaming is something that lawmakers are split on … Read more
DraftKings Social is currently undergoing a soft launch on the DraftKings website. The social features added creates a localized social network encompassing DraftKings users. The social features are available on the sportsbook and daily fantasy sports (DFS) sides of the platform. BOSTON – DraftKings has … Read more
DraftKings clears $312 million in the first quarter of 2021. The company has increased its revenue guidance from $900 million to $1.15 billion. The outperformance of the initial goal set has created optimism within the country. BOSTON – Popular sports betting and daily fantasy sports (DFS) … Read more
Looking at the odds makes behind popular sportsbooks, we can see the impact they have I the overall legal sports betting market. SBTech was purchased by DraftKings in the acquisition to make DraftKings go public. Kambi reported record highs in its quarterly earnings report. NEW … Read more
