A major change could be on the way to the NCAA’s sports betting guidelines for student-athletes and team personnel.
According to Legal Sports Report, the Division I Council is expected to remove the rules against sports betting on professional sports that are in place for college athletes, coaches, and team members.
The change would not alter the ban against betting on college sports.
Does Delta Air Lines want to bring the high stakes of sports betting to air travel?
A New Jersey Senate committee has advanced a bill that would ban prop betting on college players.
The Senate Wagering, Tourism, and Historic Preservation Committee approved Senate Bill 3080 last Thursday on a 5-0 vote. Introduced by Sen. Kristin Corrado (R-40) in April, the bill would remove college player prop bets from all New Jersey sportsbooks.
The next stop for the bill will be a full discussion on the Senate floor.
Sports betting operator DraftKings has created a corporate political action committee.
The company submitted a filing to the Federal Election Commission under the separate segregated funds category, which enables it to solicit funding from individuals associated with connected organizations.
The fight against prediction exchanges continues to rage.
Ohio Attorney General Dave Yost, along with AGs from more than 30 states, filed an amicus brief Tuesday imploring the US Court of Appeals to side with New Jersey in its lawsuit levied by Kalshi, a prediction exchange that enjoys federal protection.
The nation’s top sports betting operators, FanDuel and DraftKings, both recently unveiled 50-cent surcharges on wagers placed in Illinois.
Missouri has received its first applications for operator licenses ahead of the state's sports betting launch on Dec. 1.
DraftKings Sportsbook and Underdog were the first to submit applications to operate sportsbooks in the Show Me State. Missouri promises to be a hotbed for US sports betting, despite the referendum legalizing it narrowly passing last November.
A maximum of 14 online sports betting licenses will be available.
A Pennsylvania man pleaded guilty this week to misappropriating millions of dollars to fuel his sports betting habit.
As part of a plea deal with the US Attorney’s Office for the Eastern District of Pennsylvania, Louis Belletieri, 43, of Allentown, pleaded guilty to two counts of wire fraud, according to the Department of Justice.
Belletieri took the money from a title business he owned and also submitted a fraudulent application to the Small Business Administration.
DraftKings is prepared to retaliate against Illinois’ new per-bet sports betting tax that could cost the company nine figures annually.
“In response to the recent and prior mobile sports wagering tax increases in Illinois, DraftKings anticipates taking action and expects to share more information soon,” a DraftKings statement read, per ESPN’s David Purdum.
FanDuel Sportsbook already implemented a $.50 surcharge on every wager placed in Illinois. It also promised the surcharge would be removed as soon as Illinois got rid of its new tax standard.
Resorts World Bet will soon be out of the New York online sports betting market after the company announced its plans to withdraw at the end of June.
The Genting Group-owned sportsbook was one of the original nine sportsbooks that launched when the New York online sports betting market opened in January 2022.
Despite its tenure, the platform failed to attract an audience against stiff competition in the nation’s most competitive market.