Robinhood Markets (NASDAQ: HOOD) is facing an inquiry from Massachusetts regulators regarding its recently launched event contracts tied to NCAA basketball tournaments. As of now, the Massachusetts Securities Division has not taken formal action against Robinhood. However, Secretary of State…
Louis Trombetta, the first executive director of Florida’s Gaming Control Commission (GCC), took a firm stance against fantasy sports betting, leading to the shutdown of three emerging companies. However, last year, he resigned—only to resurface as a lobbyist for one…
George Foreman, the legendary heavyweight boxer, passed away on Friday at the age of 76. His family announced his death on Instagram, stating that he “peacefully departed… surrounded by loved ones,” though no cause of death was specified. Foreman made…
The rise of prediction market operators is challenging the long-standing dominance of traditional sportsbooks. This trend could accelerate if regulatory shifts favor these emerging platforms. Bank of America analyst Shaun Kelley suggests that prediction markets’ involvement in sports event contracts…
How successful was Andy McElroy at illegal bookmaking? Let’s put it this way—he traveled via private jets and cruised on Johnny Carson’s former yacht. That’s how successful. Then, in 2013, the feds dismantled his $5 billion online sports betting empire.…
Baltic casino operator Olympic Casino Group Baltija has been fined €8.4 million (US$9.2 million) for failing to prevent a rogue BaltCap private equity manager from gambling away millions without oversight. €42M Embezzlement Scheme Lithuanian national Šarūnas Stepukonis was arrested in…
A day after UFC CEO Dana White hosted controversial figures Andrew and Tristan Tate at a Power Slap event in Las Vegas, another high-profile guest at UFC 313 made national headlines—this time, for a different reason. FBI Director Kash Patel…
Penn Entertainment (NASDAQ: PENN) is grappling with a weakening credit profile, pressured by increasing rent-adjusted leverage—a trend expected to persist throughout 2025. Meanwhile, the company’s ESPN Bet division continues to be a drag on corporate debt valuations. That’s the assessment…
The Athletics are looking ahead—far ahead. Starting Friday, they’ll begin selling priority access for season tickets to their planned Las Vegas stadium, set to open in 2028. That’s priority access, not actual tickets. And that’s for a stadium that hasn’t…
The NBA landscape was shaken over the weekend by a stunning trade between the Dallas Mavericks and Los Angeles Lakers, sending Luka Doncic to L.A. in exchange for Anthony Davis. This seismic shift has not only altered the league’s competitive…
The NBA world was stunned late Saturday night when the Dallas Mavericks—whose controlling stakeholder is Las Vegas Sands casino mogul Dr. Miriam Adelson—announced a blockbuster trade sending superstar Luka Dončić to the Los Angeles Lakers. The move is shocking, given…
The Super Bowl remains the most heavily wagered single sporting event in the U.S. While it attracts a surge in betting activity, data shows that average wager sizes tend to decline. A new report from Optimove highlights that the Super…