Emergence of High-Interest Loans Alongside Legal Gambling Spells Recipe for Trouble in Brazil
The imminent launch of legal online gambling in Brazil comes at a risky time because it coincides with the emergence of high-interest microloans. Though regulated markets are safer than the alternative, the opening of new markets typically leads to a temporary uptick in gambling. Throwing predatory lending practices into the mix threatens to create a perfect storm […]
Ted Olson, Lawyer Who Won Case Overturning PAPSA, Dead at 84
Former U.S. Solicitor General Ted Olson, who successfully argued the Supreme Court case overturning the Professional and Amateur Sports Protection Act (PASPA), died last Wednesday at the age of 84. Olson’s work on the PASPA case laid the groundwork for the wave of sports betting expansion across the US and, indirectly, the online casinos that […]
New Jersey Online Casinos Pull Ahead of a Struggling Atlantic City Retail Sector
For the first time since the pandemic, New Jersey online casinos outdid their retail peers in revenue for the month of October.
New Jersey Lawmakers Advance Bill to Block Online Lottery, Bucking National Trend
New Jersey lawmakers advanced a bill that would prevent an online lottery to be run in the state, bucking a growing trend in the US.
Legendz Social Casino and Sportsbook Is Now Live, Offering Slots, Live Dealer Games, and Sports Picks
Legendz social casino and sportsbook has launched in 43 different states, offering a wide array of gaming options.
Gambling Harm is More Than Just Clinically-Defined ‘Problem Gambling,’ Argues Lancet Public Health Commission
A recent report from The Lancet’s Public Health Commission on Gambling argues the gambling industry understates the social harm of gambling by emphasizing the low rate of clinically disordered gambling and ignoring other forms of harm. The esteemed medical journal’s new report suggests our focus on individual responsibility in response to ‘problem gambling’ likewise minimizes […]
Everi-IGT Merger Earns Shareholder Approval—Slots Developers to Combine as Apollo Subsidiary
A merger between Everi and IGT was approved by Everi shareholders, which will lead to a newly formed holding company.
FBI Raids Polymarket CEO’s Residence Following Lucrative Electoral Betting Season
Federal authorities’ raid of the home of Polymarket CEO Shayne Coplan Wednesday might be concerning to DrafKings and any other US companies thinking of getting into the business of gambling on election outcomes. The FBI raided Coplan’s downtown New York home, seizing his phone and other electronics. It highlights the volatile atmosphere presently surrounding political futures markets—commonly […]
Kickapoo Tribe Urges Texas Lottery, Lawmakers To Take Action Against ‘Illegal’ Courier Services
The Kickapoo Traditional Tribe of Texas wants to see lawmakers prohibit lottery couriers, as they feel they operate illegally in the state.
Jackpot.com Launches in Colorado, Allowing Lottery Players to Buy Draw Tickets and Scratch-Offs Online
Lottery courier Jackpot.com launched in Colorado, offering multistate and in-state draw games, as well as select scratch tickets.