DraftKings is in advanced talks to acquire CFTC-licensed Railbird Exchange, signaling a move into regulated prediction markets. Flutter Entertainment has acquired the remaining 5% of FanDuel from Boyd Gaming in a $1.75 billion deal, giving it full ownership of the sportsbook. BOSTON – Two of … Read more
Despite repeated violations, Massachusetts sportsbooks are facing fines so small they’ve become the cost of doing business, not a reason to change behavior. BOSTON – The Massachusetts Gaming Commission (MGC) handed out $50,000 in fines last week to four legal sportsbooks, FanDuel, BetMGM, PENN Sports … Read more
Many of the most popular sports betting companies in the US just formed the Responsible Online Gaming Association (ROGA). Education, treatment, and marketing practices for responsible gambling are the main focuses of ROGA. NEW YORK – Seven major sports betting brands including FanDuel and DraftKings … Read more
DraftKings received a $94,000 fine for advertising to underage players. FanDuel, PointsBet, Rush Street (BetRivers), and PENN (Barstool Sportsbook) are among the four other legal online sportsbooks to receive fines from Maryland’s gambling regulator. PENN and PointsBet received fines following major changes to their sportsbooks. … Read more
Penn National Gaming closes its common stock public offering and managed to raise $982.1 million. The process involved selling 16.1 million shares of common stock. The added funds will be used to accelerate the expansion of the Barstool Sportsbook app in multiple states. WYOMISSING, Pa. … Read more
Now is the best time to look into trading sports betting stocks as sports begin to mount a comeback. The odds that the stocks for sportsbooks like DraftKings and William Hill see a massive increase in value in the coming months are high. Other gambling … Read more
Sports betting stocks are finally beginning to rebound after a massive crash, and this is likely a good time to invest. While the exact timetable for a return to normalcy is unclear, the return of sports is inevitable. Most sports betting stocks are seeing slow … Read more
