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With states, Tribal interests, gaming industry groups and the NFL rallying behind New Jersey, the fight over sports prediction markets is gaining momentum. Could mounting legal pressure and conflicting court rulings persuade the US Supreme Court to intervene?
Fellipe Fraga addressed the ‘uncertainty’ caused by Brazil’s ban on online gaming and fixed-odds sports betting, claiming ‘dozens of families have been affected by the stroke of a pen.’
The regulator first opened its investigation into how licensed operators are currently utilizing artificial intelligence on September 24, following allegations made against DraftKings days prior.
In the third of our exclusive Brazil interviews this week, the gambling lawyer provides our most pro-industry viewpoint yet. Indeed, he argues that regulatory instability will benefit no one, and that politics should be separated from "legitimate concerns."
Brazilian clubs are scrambling to replace sponsorship revenue after restrictions on betting advertising put major commercial agreements at risk.
The deal will combine Matchbook’s peer-to-peer technology with Betdaq’s heritage.
The separate cases bring a horseracing venue near Nuevo Laredo and a Turkish digital payments network under scrutiny.
The study of possible privatisation will examine player protection, support for charities and the legal changes needed before any decision on state ownership.
During a recent meeting, questions were raised regarding studies that show betting shops are mainly located near vulnerable areas.
Prosecutors say the wider scheme involved more than 39 players across over 17 Division I teams and more than $3m in fraudulent wagers.
