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MLBPA sues Bet365, DraftKings over player image use.
The Major League Baseball Players Association (MLBPA), the union representing MLB athletes, has filed a lawsuit against four gaming companies, including Bet365 and DraftKings, accusing them of using players’ names, images, and likenesses without permission in their advertisements and betting platforms. The lawsuit, filed in the U.S. District Court for the Eastern District of Pennsylvania,…
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German Authorities Probe Match-Fixing on Dark Web
German authorities are currently investigating claims of a match-fixing and betting fraud operation within the country’s lower-tier soccer leagues. This probe began after The Hamburger Morgenpost uncovered message logs allegedly showing details about rigged matches being sold on the dark web. The messages reportedly involved 17 matches and provided details on how these games were…
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Circa NFL Contests Break Records with $20M+ Prize Pool
The deadline for entering Circa Sports’ renowned NFL contests — Circa Millions and Survivor — has passed, and the two competitions have smashed previous records with a combined prize pool of $20.26 million. For the 2024 season, Circa initially guaranteed $16 million in payouts, but that figure was surpassed by more than 25%. Circa Survivor…
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Betsson Becomes Latest Sportsbook to Exit US Market
Betsson has officially joined the growing list of sportsbook operators pulling out of the US market. The Swedish gaming giant announced its decision on Wednesday. Operating in Colorado under its Betsafe brand for two and a half years through a partnership with Dostal Alley Casino, Betsson’s US presence was limited to this one state. The…
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NFL Betting to Reach $35 Billion in 2024, Reports AGA
As the 2024 NFL season kicks off on Thursday, it’s set to break new betting records. The American Gaming Association (AGA) projects that wagers on NFL games through regulated sportsbooks could total a staggering $35 billion this year. This represents a 30% jump from the $26.7 billion forecasted at the start of the 2023 season.…
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Morningstar Praises Flutter Entertainment in New Coverage
Flutter Entertainment (NYSE: FLUT) has received praise in new coverage by Morningstar, with the research firm highlighting the gaming company’s effective capital allocation, in-house product development, and robust risk management capabilities. In a note released today, analyst Dan Wasiolek initiated coverage of the parent company of FanDuel with a four-star rating (out of five) and…
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BlueBet Exits US to Focus on Australian Betting
Australian sportsbook operator BlueBet has announced its decision to withdraw from the US market to concentrate on its thriving sports betting business in Australia. This decision follows a strategic review of BlueBet’s US operations, coming just two months after the company revealed its plans to exit Indiana. Initially, BlueBet intended to continue operations in Colorado,…
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DraftKings to Acquire Micro-Betting Firm Simplebet
DraftKings (NASDAQ: DKNG) has announced its acquisition of Simplebet Inc., a company specializing in micro-betting services, aiming to enhance its in-game betting offerings. The financial specifics of the deal were not disclosed, though earlier speculation suggested the purchase price could range from $120 million to $170 million. DraftKings and Simplebet have been partners since 2021…
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DraftKings Execs Liberman, Robins Sell $10M in Stock
High-ranking executives at DraftKings (NASDAQ: DKNG) have continued their rapid stock sales, with co-founders Paul Liberman and Jason Robins recently offloading over $10 million worth of shares in under a week. In a Form 144 filing with the Securities and Exchange Commission (SEC), the Boston-based gaming company disclosed that CEO Jason Robins sold 20,000 shares…
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NFLPA Claims DraftKings Owes $65 Million in NFT Dispute
In newly revealed court documents, the NFL Players Association (NFLPA) alleges that DraftKings (NASDAQ: DKNG) owes it around $65 million following the closure of the sportsbook’s nonfungible tokens (NFTs) marketplace. When the NFLPA’s lawsuit against DraftKings surfaced last week, the related documents were sealed, but there was speculation that DraftKings could owe the union $32.39…