PrizePicks has ended its hunt for a new CEO after announcing former Blizzard Entertainment president, Mike Ybarra, has accepted the position, allowing current CEO and co-founder, Adam Wexler, to ascend as the company’s executive chairman.
Category:
Industry News
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Bet365 has been ordered to pay $519,000 for changing odds on 199 bets without New Jersey DGE approval. A recent audit uncovered technical errors and regulatory breaches. Bet365 must rectify its systems and procedures to prevent future violations and ensure fair wagering practices.
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Rush Street Interactive (RSI), the parent company of BetRivers, has announced it will not impose a surcharge on winning bets, taking a stand against DraftKings’ recent decision. This move emphasizes RSI’s commitment to customer satisfaction and could set a new industry standard. Learn more about this strategic decision and its potential impact on the sports betting market.
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Massachusetts Lottery goes digital with iLottery launch in December 2025. Governor Maura Healy’s signed 2025 fiscal budget includes online lottery, projected to generate $100 million annually for early childhood education and daycare services. This move follows record-setting revenues in FY 2024.
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Industry News
Bookie of Ohtani’s Former Interpreter Agrees to Plead Guilty in Illegal Bookmaking Rap
Mathew Bowyer, bookmaker to Shohei Ohtani’s former interpreter, Ippei Mizuhara, pleads guilty to illegal gambling, money laundering, and tax fraud. Bowyer will forfeit $250,000 and cooperate with investigators. Mizuhara, facing sentencing for related charges, could see up to 33 years in prison.
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BetMGM has been active on several different fronts and it appears as though all that strategic maneuvering is paying off as the company reported over $1 billion in revenue for the first half of this year.
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The Massachusetts Gaming Commission examines the issue of sportsbooks restricting bettors. Learn about the potential effects on honest players and the integrity of the betting market.
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SuperBook Sports announced it would be exiting eight states including Maryland which leaves its sports-themed restaurant and lounge at Camden Yards as a reminder of what was once an optimistic view of its brief legacy in the Old Line State.
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The District of Columbia and Connecticut are the most recent U.S. jurisdictions to ban Bovada from its online sports betting industry and there could be more to come.
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Bally Bet launches in Maryland, marking its ninth state entry. With a delayed-entry strategy, Bally Bet aims to gain traction without hefty ad spends. Maryland’s market, active since November 2022, saw $5.37 billion in wagers in FY 2024, up 86% from the previous year.
