News | Global Gaming Insider

CFTC files motion for preliminary injunction against New York AG

The Commission previously filed a lawsuit against the state of New York on April 25, arguing it overstepped authority by pursuing legal action against crypto-linked prediction market operators.

1 min read • May 1 • By Kirk Geller

Minnesota Senate advances legislation to ban prediction markets, awaits House vote

If passed, Senate File 4511 would prohibit any prediction market offerings tied to sports, casino-style gambling, people, elections, catastrophes and death in Minnesota.

2 min read • May 1 • By Kirk Geller

Online Partnerships + 1 more

Caesars partners with Alt Sports Data to offer Formula One wagering

Caesars Sportsbook and William Hill will utilize Alt Sports Data’s proprietary Formula One models, pricing and real-time data infrastructure to offer a full suite of betting markets.

2 min read • May 1 • By Kirk Geller

Responsible Gambling Legal & Regulatory + 2 more

CFTC concludes public commentary period, Democratic lawmakers and NBA issue requests

The Coalition for Prediction Markets also provided commentary to the CFTC, stating the definition of swaps is ‘certainly broad enough’ to include the trading of sports event contracts.

2 min read • May 1 • By Kirk Geller

Legal & Regulatory Land Based

Rio targets ‘jogo do bicho’ network as five arrested

Authorities seize hundreds of machines and detain suspects linked to illegal lottery operations in Rio de Janeiro.

1 min read • May 1 • By Layla Victoria

Marketing Online + 2 more

Superbet secures main sponsorship and stadium naming rights with Feira FC

Operator expands its footprint in Brazil with a dual agreement covering shirt sponsorship and arena naming rights in Bahia.

1 min read • May 1 • By Layla Victoria

Financial Land Based + 3 more

Virginia sports betting revenue increases 33.3% to $60.1m for March

Mobile sports betting revenue accounted for the vast majority of total revenue across the state, having increased 25.8% from the prior year period to just over $59.8m.

1 min read • May 1 • By Kirk Geller