Caesars Entertainment CEO Tom Reeg has made it clear that the iconic gaming company will not navigate the tumultuous waters of prediction market sports event contracts, fearing it would tarnish the company’s relationship with state regulators. Cautious Approach Unlike mobile sports betting leaders FanDuel and DraftKings, Caesars CEO Tom Reeg announced on a third-quarter earnings
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Reports indicate a predictable decline in tourism to Las Vegas, following several months of struggling numbers. However, some believe that the Las Vegas Strip will rebound, while others feel they have priced themselves out for good. Has Sin City Lost Its Luster? Many believe the decrease in tourism to Las Vegas is multi-layered. In contrast,
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The NBA gambling scandal that rocked the league will be subject to more intense scrutiny by gaming regulators nationwide, and Virginia is at the forefront of this movement. NBA Under Scrutiny Portland head coach Chauncey Billups and Miami Heat veteran guard Terry Rozier were both recently arrested and charged in two separate indictments related to
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Although the Badger State is without legalized mobile sports betting, a small step has been taken in the legislature to advance that cause. Senate Bill 592 was introduced to give Native American tribes exclusive control of the mobile sports betting industry should it become legal. Florida Blueprint Only Florida has granted Native American tribes a
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The latest legal drama is unfolding against the prediction futures market platform, Kalshi, and this time it originates from the heaviest hitter in the online sports betting market, New York. Stop Spreading the Ruse New York-based Kalshi, a financial exchange and prediction market operating throughout the United States, has been the target of several cease-and-desist
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Mobile gaming may be coming to the United Arab Emirates, as the UAE’s General Commercial Gaming Regulatory Authority (GCGRA) has announced its digital gaming footprint will follow the one already in place for any land-based operations throughout its seven emirates. Digital Sports Betting in the UAE A decision to award one mobile gaming license per
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Crypto.com, a futures market trading platform, sought a preliminary injunction to prohibit Nevada gaming regulators from enforcing Nevada law against its sports event contracts. However, that attempt did not pass legal muster, and Crypto.com has advised the Board that it will stop taking contracts in the Silver State. Legal Setback Futures market trading firms like
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