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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Industry News
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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.
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A Missouri judge dismissed a lawsuit challenging the state’s sports betting initiative, clearing the way for the issue to appear on November’s ballot. Advocates, including the state’s pro sports franchises, say legalizing sports betting will provide much-needed funding for public education in Missouri.
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The Social and Promotional Gaming Association (SPGA) has been formed to advocate for sweepstakes operators amid heightened scrutiny. The group aims to clarify regulatory compliance and distinguish social sweepstakes from gambling, countering calls from the American Gaming Association for stricter regulation.
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The NFL extends a $6.4 million grant to the National Council on Problem Gambling, continuing its support for responsible gambling initiatives. This renewed partnership will fund vital programs such as the National Helpline, Agility Grants, and ResponsiblePlay.org to prevent and address problem gambling in the U.S.
