PredictIt’s Status in Jeopardy After CFTC Withdraws No-Action Letter
Experimental predictions market site PredictIt may eventually be forced to shut down. The site, which allows users to buy and sell “shares” in political propositions, has operated since 2014 under the grace of a “No-Action Letter” from the Commodity Futures Trading Commission (CFTC). That agency has now withdrawn its tentative permission. A no-action letter is […]
Flooding Hits Vegas Strip, but Casinos Stay Open
Heavy rains swept southern Nevada last week. According to the New York Times, they dumped about half the area’s annual rainfall in the span of two hours. The rainfall resulted in significant flooding on the Las Vegas Strip from Thursday evening into Friday morning. That threatened to create major issues for business owners throughout the […]
Could Quick-and-Gentle Self-Exclusion Be the Way Forward for Responsible Gambling?
A stitch in time saves nine. An ounce of prevention is worth a pound of cure. English, like many languages, is full of aphorisms about the comparative efficiency of early intervention. When it comes to current practices around responsible gambling, however, a different phrase springs to mind: Shutting the stable door after the horse has […]
Evolution Rolls Out Dice Games – Pennsylvania Gets Them First
Evolution is rolling the dice for the first time. Today, the gambling vendor best known for supplying US online casino operators with live dealer products and services is debuting live dealer craps in Pennsylvania. At noon, live dealers will start offering the games in one of the largest US live dealer studios in the Malta-based […]
Striking Workers at Ontario’s Pickering Casino Picket Nearby Casino Woodbine
Negotiations broke down late last week between Unifor casino workers at Pickering Casino Resort and Casino Ajax and their employer, Great Canadian Gaming Corporation (GCGC). This week, they’ve added a third picket line at Casino Woodbine, located about 65 km from the Pickering location. The new picket line appeared on July 29, expanding on the existing strike […]
Study Estimates $5 Billion in Lost Tax Revenue for States Without Online Casinos
Currently, regulated US online casinos serve six states, leaving 44 without such an option. Together, those iGaming products generated just shy of $1 billion in direct tax revenue in 2021. That’s a healthy pile of change for public coffers. However, it also forces us to ask how much money the US is leaving on the […]
US Problem Gambling Help App Downloads Rise, Users Report Less Use of Illegal Sites
Earlier this week, problem gambling self-help app Gambless released its H1 2022 update. It claims to be the #1 search result for “gambling addiction” and related searches in most countries on Google Play. Searches by Bonus confirmed this to be the case in the US and Canada. Searches on iOS devices turned up Gambless in the #5 […]
Last-Minute Online Mega Millions Ticket Buyers Find Savior in Jackpocket
Last-minute Mega Millions wannabe billionaires are buying tickets online through the lottery ticket app Jackpocket. Here’s the scenario: It’s right before the Mega Millions jackpot drawing for $1.1 billion. The wannabe lottery winner clicks through to the Mega Millions site, selects the “where to play” tab, and picks her part of the US map. Now on […]
Is Cryptocurrency Speculation Just Another Form of Unregulated Gambling?
Whether or not you’re an investor yourself, you’re probably aware by now that cryptocurrencies have crashed in 2022. As of the morning of July 28, 2022, Bitcoin is selling for $23,115. Eight months ago, it was at an all-time high, north of $68,000. Ethereum has fallen from over $4,800 to around $1,600 in a similar […]
DraftKings Black Throne Studios Aids In-House Tech Stack Reign
DraftKings Black Throne Studios (BTS) is the latest online casino game development service the Boston-based online gambling operator is creating. Stephen Miraglia, DraftKings senior communications director, tells Bonus.com: In terms of in-house game development, we’ve been doing that for a while now. His comment on Tuesday comes after other industry publications speculated that BTS will […]
