New York, September 13, 2024: Flutter Entertainment (NYSE:FLUT; LSE:FLTR) (“Flutter”), the world’s leading online sports betting and iGaming operator today announces the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350m1. The transaction fully aligns with Flutter’s strategy to invest...
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Lawmakers Propose Bill to Put Federal Restrictions on Sports Betting, Gambling Ads
PATRICK T. FALLON/AFP via Getty Images If two lawmakers get their way, there will be drastic new regulations on the sports betting industry that will give far more power to federal regulators than the state ones already in place. ESPN’s John Barr reported Thursday that Senator Richard Blumenthal (D-CT) and Representative Paul Tonko (D-NY) proposed...
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US lawmakers decry sports betting practices while introducing SAFE Bet Act
New York Representative Paul Tonko and Connecticut Senator Richard Blumenthal lambasted the practices of US sports betting operators Thursday (12 September) as they introduced the SAFE Bet Act, which would establish a rigorous federal framework around digital sports wagering. Legal sports betting became a states’ rights issue in 2018, when the US Supreme Court struck...
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Fanatics Sportsbook goes live in Washington, DC
Washington, DC bettors now have a fifth choice for digital wagering, as Fanatics Sportsbook has launched in the nation’s capital. The Fanatics Sportsbook announcement Thursday (12 September) was the second major one in the US capital this week. On Tuesday, Caesars Sportsbook shared that it will take over the GambetDC kiosks at 53 small-business locations...
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Is online gambling legal in all fifty US states?
As of now, only six states have fully legalized online casino gambling: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. These states have established regulatory frameworks that ensure a safe and secure environment for online gamblers. The legalization in these states has led to increased participation and trust in online gambling platforms. The legalization...
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Federal Bill Seeks to Implement Sports Betting Guardrails
Posted on: September 12, 2024, 04:06h. Last updated on: September 12, 2024, 04:06h. On Thursday, U.S. Rep. Paul Tonko (D-New York) formally introduced legislation that seeks to place federal regulations on the rapidly growing sports betting industry that’s today legal and operational in 38 states plus Washington, D.C. U.S. Rep. Paul Tonko discusses his federal...
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FAQs About Online Casinos
Online casinos have become a significant part of the gambling world, offering a range of games and opportunities directly through the internet. As their popularity increases, many people have questions about their functionality, legal status, and safety. This blog will answer some of the most frequently asked questions about online casinos to help you navigate...
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Mass Gaming Commission to set hearing about DraftKings’ bungled e-mail
People on the self-exclusion list in Massachusetts received the email about a ‘bonus bet.’ A widespread notification from DraftKings in mid-August about settlement of PGA Tour golf bets mostly was met with harmless bemusement and confusion from those receiving the email. The recipients consisted of those who have made wagers on golf using the online...
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Best Online Casinos in Canada – Top Real Money Sites 2024
The best online casino Canada has to offer in 2024 is just a click away, but with new sites popping up faster than you can say “eh”, finding a top-notch gambling platform can be trickier than winning a hockey shootout. This guide highlights the cream of the crop in Canadian online casinos. We’ve done the...
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U.S. Lawmakers Call For Federal Sports Betting Regulations
Rep. Paul Tonko (D-NY) introduced his SAFE Bet Act to curtail sports betting advertising, use of AI, and reduce gambling related harms. Rep. Paul Tonko (D-NY) and Sen. Richard Blumenthal (D-CT) introduced a bill for federal sports betting regulations The Supporting Affordability & Fairness with Every Bet Act will establish national rules for sports betting...
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ECB rate cuts, sports betting, Affirm CEO: Catalysts
Markets enter their first full trading hour of Thursday, September 12, and Catalysts hosts Madison Mills and Seana Smith break down the biggest stories and themes moving markets this morning. The European Central Bank (ECB) cut interest rates by 25 basis points for the second time in 2024. Andromeda Capital Management Co-Founder and Chief Investment...
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Why Flutter’s sports betting legacy isn’t ‘easily replicable’
Sports betting operators are going long and re-entering the field reinvigorated as the NFL season kicks off. Flutter Entertainment (FLUT), the parent company of sports betting platform FanDuel, has captured investors’ attention due to its remarkable success in the market. Barclays director of equity research for gaming, lodging, and leisure Brandt Montour joins Catalysts to...