It’s official. Preparations are underway at DraftKings to pivot to sports betting should the Supreme Court rule in favor of New Jersey in the Garden State’s quest to repeal the federal sports betting prohibition.
The biggest bank in the United States has finally gotten on board with online horse racing betting. After blocking payments to legal US horse racing websites for years, JPMorgan Chase changed its policy earlier this month and has now begun approving deposits made by customers to licensed horse racing betting sites.
A survey conducted by Eilers & Krejcik Gaming, LLC has found that the betting industry has high expectations for the growth of eSports betting. The survey asked the operators of 31 different betting sites that offer eSports markets a series of questions involving their expectations for 2018. Every last respondent replies that they believe eSports…
You have to give it to DraftKings CEO Jason Robins. The man is not afraid change tack on an instant and pounce on opportunity. His company just spent untold amounts of time and money over the last several years making the case to lawmakers across the country that the DraftKings daily fantasy sports product is…
This post is outdated. Click here for the latest US sports betting updates. Ron Paul and the NBA have both signaled support for the state-by-state approach to gambling regulation this week. Former congressman and Presidential candidate Ron Paul wants the states to choose their own paths when it comes to online gambling. This is no…
Verizon Communications is reportedly eyeing its options regarding sports betting as the Supreme Court weighs a case that could see the activity legalized later this year. If the Supreme Court rules in favor of New Jersey in its challenge of the constitutionality of the national sports betting ban, it will open the doors to legalization…
Lawmakers in Nebraska kicked off another round of debate this week concerning a bill that seeks to impose regulations on the already-established daily fantasy sites in the state. The bill, which is backed by the DFS industry, will impose new regulations on fantasy sports sites in Nebraska and require them to register with the state.
Note: I am not a financial advisor, tax advisor, lawyer, doctor or rocket scientist. I do know a thing or two about the state of sports betting in the USA, but that’s about it. Today’s post is not advice; it is just me talking about a few stocks I am considering ahead of the Supreme…
Pennsylvania Governor Tom Wolf signed off on a bill in October authorizing the state’s casinos and other “qualified entities” to take their games online. The bill authorized online poker, online casino games, gave daily fantasy sports the official OK and even authorized online sports betting if the federal sports betting prohibition is ever repealed or…
The long-awaited Supreme Court case that will decide the fate of legal sports betting in the United States is officially underway. Lawmakers representing New Jersey in its challenge of the federal prohibition of sports betting presented oral arguments in front of the Supreme Court of the United States.
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