Sports betting regulation – Page 3

March 28, 2024

Georgia committee passes wagering bill with most generous RG cutout in US

Georgia's House Higher Education Committee passed a package of sports betting bills that ultimately could send at least $22.5m per year to problem and responsible gambling programmes should the state legalise mobile wagering later today.

Today (28 March) Georgia’s General Assembly is set to adjourn by 11.59pm EST. The Higher Education Committee passed amended versions of SR 579 and SB 386, and the Rules Committee put the package on its agenda less than 30 minutes later, but has not yet sent it to the house floor.

Should the house pass the package, it would have to go back to the senate for concurrence or to a conference committee because the bills were amended.

The issue has been sitting in the Higher Education Committee for more than a month as lawmakers rallied support and massaged the bills to find a consensus. As recently as Wednesday (27 March) the proposals were laid over due to lack of support. It was not clear until the vote was called Thursday morning that there was..

March 28, 2024

GST leaves India out of its depth

The decision to impose a 28% Goods and Services Tax (GST) on turnover in India delivered a blow to a burgeoning, exciting gaming market overnight. But with so much industry pushback, and attempts to stay GST-related court orders, can India turn back the tide on GST?

Dust off your time machine and travel back to 1867, when India’s Public Gaming Act was enacted.

This piece of legislation regulated some forms of gambling with extremely strict parameters. It legalised lotteries and horse racing but banned the operation of public gaming houses. At the time, anyone caught running a public gaming house faced a fine of ₹200.

Obviously, the original legislation couldn’t have taken online gaming into account. This left the practice in a state of uncertainty, despite a ready-and-waiting base of gambling and sports fans.

In more recent years, attempts have been made to legalise both online gambling and sports betting. In 2016, the Supreme Court backed calls for legalised betting, referring to..

March 27, 2024

NCAA seeks college prop bets ban

National Collegiate Athletic Association (NCAA) president Charlie Baker says the organisation is moving to ban college prop bets from all US markets.

In a statement today (27 March), Baker said that the decision came after there were reports of athletes being harassed in relation to college prop bets.

“Sports betting issues are on the rise across the country with prop bets continuing to threaten the integrity of competition and leading to student-athletes and professional athletes getting harassed,” said Baker.

BAKER SAID THE NCAA WOULD REQUEST OTHER STATES TO BAN PLAYER PROP BETS

He added that some states contacted by the NCAA in reference to the threats outright banned college prop bets. “The NCAA has been working with states to deal with these threats and many are responding by banning college prop bets.”

One of these states was Ohio. Last month, its Casino Control Commission (OCCC) banned player prop bets on college sports following a request from the NCAA. Baker had reached ..

March 25, 2024

Ohtani: ‘I have never bet on sports or willfully sent money to the bookmaker’

On Monday (25 March), during a press conference regarding the sports betting scandal swirling around his former interpreter, Los Angeles Dodgers superstar Shohei Ohtani vehemently denied that he ever bet on sports, sent money to an illegal bookmaker or “willfully” paid off gambling debts for anyone.

The comments were in response to the news last week that Ohtani’s interpreter and friend, Ippei Mizuhara, was stealing from him to support a gambling habit.

“I have never bet on baseball or any other sports or have asked anyone to do that for me,” Ohtani said in a prepared statement. “Up until a couple of days ago, I didn’t know this was happening. In conclusion Ippei has been stealing money from my account and has been telling lies.”

Ohtani appeared with a new interpreter and did not take questions after the statement.

The man who owns baseball’s richest contract – he signed a 10-year, $700m deal with the Dodgers during the off season – was earnest, straightforward and direct in his ..

March 25, 2024

More changes proposed to Georgia wagering bills; vote planned Wednesday

Georgia's House Higher Education Committee further kicked a package of sports betting bills down the road today (25 March) and still does not have consensus on how tax revenue would be spent.

On Wednesday (27 March) the committee will likely vote on whether or not to increase the tax rate in the package of bills from 20% to 25%, eliminate promotional deductions for operators and change where funding is directed as Georgia sports betting legislation continues to be a hot topic.

But multiple sources on the ground in Georgia aren’t hopeful that the online wagering package will pass through the general assembly with just three legislative days remaining.

House sponsor Marcus Wiedower said he would provide committee members with updated language that includes the tax increase, promotional deduction change and a new breakdown of how the funds would be spent, before that meeting.

Earlier versions of the proposals have been approved by the senate, and senate sponsor Bill Cowsert sa..

March 20, 2024

US Representative Tonko to file bill requiring federal approval for states to offer wagering

Yesterday (19 March), US Representative Paul Tonko announced that he plans to file a bill that will limit sports betting advertising, ban funding wagering accounts with credit cards and prohibit the use of the phrases “no sweat” or “bonus” in promotional advertising.

What he didn’t highlight is that the bill would also “establish a general prohibition on sports betting” and require states to get permission from the federal government in order to offer legal sports betting.

Since the US Supreme Court (SCOTUS) overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018, more than 35 US jurisdictions now offer some form of legal sports betting.

Tonko’s proposal would ultimately require US jurisdictions to get approval from the Department of Justice in order to offer sports betting, according to an outline of the proposed bill. Those wishing to offer sports betting would have to file an application with the US attorney general and prove that they meet a list of r..

March 14, 2024

Bally’s planning late Q2 sports betting launch in Massachusetts

Bruce Band, the Massachusetts Gaming Commission (MGC)'s director of sports betting, told the MGC on Thursday that Bally’s has plans to launch its Bally Bet platform by the end of Q2.

While Massachusetts consumers have lost two digital sports betting options in the last month, thanks to Bally’s entrance, customers could gain one more choice by the end of June 2024.

Bally’s was initially licensed in Massachusetts in 2023. However it did not launch last year, leading to the company renewing its $1m licence in January 2024. BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatics Sportsbook and FanDuel are currently live in Massachusetts, while Betr and WynnBet recently shut down their platforms.

On 5 March, Bally’s launched its igaming platform in Rhode Island, where it already has a monopoly on digital sports betting. That launch is significant as the company told the MGC last year that it would prioritise Rhode Island before turning its attention to the Bay State.

Bally’s ..

March 12, 2024

Georgia Senate sports betting bill gets first look in house

A statewide mobile sports betting bill got its first hearing in the Georgia house on Tuesday (12 March).

With just over two weeks remaining in the legislative session, and more than five weeks since the senate passed SB386, a statewide mobile sports betting bill got its first hearing in the Georgia house Tuesday.

There was no vote in the house’s Higher Education Committee, and there could be more discussion later this week, although the committee chairman said a vote is not imminent.

Several representatives from daily fantasy companies testified that they’d like their contests added to the bill while multiple representatives from faith-based and anti-gambling groups testified in opposition.

The bill would allow for 16 online sports betting licences, including eight that would be tethered to professional sports franchises or organisations in the state.

A further seven free-standing licences would be up for grabs with one licence earmarked for the Georgia Lottery, which would als..

March 7, 2024

IBIA report highlights role restrictions play in supporting unregulated market

A new report from the International Betting Integrity Association (IBIA) has highlighted the effect overly-restrictive regulation has on driving players offshore.

The IBIA study, The Availability of Sports Betting Products: An Economic and Integrity Analysis, was prepared by H2 Gambling Capital and developed in partnership with betting assoications in Brazil, Canada, Australia and the Netherlands. It used data from 12 markets where sports betting is regulated.

The research analysed the effects that restrictive and liberal regulated regimes have on player habits. These centred around consumer protection, regulatory oversight, sports integrity and taxation.

The report found a strong correlation between the availability of sports betting products and the proportion of consumers wagering with onshore regulated operators. In markets where players faced few restrictions, the channelisation towards the legal market stood at 90% or more.

Rather than preventing consumers from betting, Kh..

March 5, 2024

LaLiga clamps down on “nefarious” betting behaviour with US Integrity link

LaLiga has announced a new partnership with sports wagering monitor US Integrity as it looks to cement its “preservation of integrity in sport”.

The deal will provide LaLiga with the services of ProhiBet, the prohibited betting solution launched in February 2023. ProhiBet is a joint venture between US Integrity and Odds On Compliance.

US Integrity offers wagering monitoring services to sporting stakeholders, analysing datasets to identify suspicious betting behaviour. Odds On Compliance, meanwhile, is a compliance technology and consultation firm in sports betting and gaming.

LaLiga will benefit from analytical insights that will aim to ensure Spain’s top two football leagues are played in a fair manner. Suspicious betting activity will be detected with “nefarious” behaviour acted upon thanks to monitoring alerts.

Javier Tebas, LaLiga’s president, said: “This partnership with US Integrity represents a significant milestone in our efforts to safeguard integrity and transparency in p..

March 5, 2024

AI roots out 73% of suspicious matches in Sportradar’s 2023 Integrity Report

Sportradar’s annual Integrity Report revealed it had detected 1,329 suspicious matches during 2023, with AI helping to uncover nearly three quarters of all questionable activity.

Sportradar monitored close to 850,000 events during 2023 – spanning 70 sports, with a total of 1,329 suspicious events occurring across 11 of those sports.

Despite the rise in the number of detections, the actual rate of suspected manipulation remained stable at 0.21% when taking Sportradar’s enhanced artificial intelligence (AI) capabilities into account. The 1-in-467 manipulation rate was almost level with the 1-in-473 events total from 2022.

Overall, 99.5% of events had no suspicious betting take place, while no sport had a suspicious match ratio higher than 1%. Both of those statistics were the same as last year.

As per Sportradar’s expectations, football and basketball led the way for detections with 880 and 205 suspicious matches respectively. Table tennis was third with 70.

Sportradar’s integrity w..

March 1, 2024

North Carolina issues eight online sports betting licences ahead of launch

With less than two weeks to go until online sports betting goes live in the state, the North Carolina State Lottery Commission has awarded eight interactive sports wagering licences to operators.

Sports betting will launch in North Carolina on 11 March. This is after the state’s governor, Roy Cooper, signed House Bill 347 into law last year.

Among the approved licensees are heavy-hitters such as FanDuel and DraftKings. Fanatics, Bet365, BetMGM, ESPN Bet and Underdog are also set to launch in the state.

Operators who sought approval to offer sports betting in the state had to partner with a sports team, league or venue within North Carolina. That led to a flurry of deals as operators looked to secure entry into the state.

For instance, DraftKings partnered with stock-car racing series Nascar, while BetMGM teamed up with the Charlotte Motor Speedway in the state. ESPN Bet gained entry to North Carolina by signing a major PGA Tour deal to become the official betting operators of the W..

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Tag: Sports betting regulation