Despite a second assassination attempt on Donald Trump, presidential election odds remain live at most bookmakers. Kamala Harris holds at -125 while Trump remains an even-money underdog. FanDuel suspended markets, but BetMGM and DraftKings kept them open. Betting continues on both candidates.
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Industry News
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After five months of declining wagering in the Green Mountain State, the streak was finally broken in August when the handle increased 19% from July.
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Industry News
College Football Player Investigated in Gambling Scandal Partners With Sports Betting Watchdog
Former Iowa State tight end, DeShawn Hanika, saw his 2023 season erased after being implicated in a sports betting scandal the previous season. However, he has now teamed with sports betting watchdog, Integrity Compliance 360, to tell his story and educate other college athletes.
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A sports betting referendum will be on the ballot in Missouri on Election Day, but a new group has begun to wage a battle against bringing sports betting to the Show Me State and has filed paperwork with the Missouri Ethics Commission against the initiative.
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The Court of Appeals for the District of Columbia issued a temporary halt on Kalshi’s election contracts following a brief ruling in its favor. The Commodity Futures Trading Commission appealed the decision, citing concerns about potential manipulation and harm to public trust in U.S. elections.
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Wynn Las Vegas has agreed to pay $130 million in the largest criminal penalty ever for a casino, following a DOJ investigation into illegal money transfers. The settlement resolves legal issues dating back years, as Wynn looks to move forward with new policies and leadership.
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Industry News
Massachusetts Gaming Commission Finally Gets Sportsbooks to Discuss Customer Betting Limits
The Massachusetts Gaming Commission met with sportsbook operators to address player betting limits after a no-show in May. Operators explained that limits are set based on risk management, not just winning bettors. This is the first of many discussions to shape future policies.
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As the popularity of mobile gaming soars, online sportsbook and iGaming operators are taking greater steps to address problem gambling, and one of the industry’s leaders, FanDuel, is partnering with a former NBA pro to focus those efforts on young adults.
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The American Gaming Association has predicted that this season’s NFL wagering will hit a record high of $35 billion bet through mobile and retail establishments.
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Las Vegas-based Wynn Resorts is hoping to receive one of the three downstate casino licenses in New York and the project was recently endorsed by a former New York City Council Speaker, and now a powerful ally, Christine Quinn.
