Category Archives: Betting

Colossus Bets sues DraftKings of IP infringement of Cash Out product

Colossus Bets has filed a US Patent lawsuit against DraftKings in relation to the infringement of its Cash-Out product.  The lawsuit has been filed with the District Court of Delaware and sees Colossus accuse DraftKings of infringing seven patents across sports betting and gaming products that are incorporated within its Cash-Out feature. Global law firm …

Aristocrat welcomes Playtech sale of Finalto division

Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been …

Disrupt Entertainment banned in Sweden in latest Curacao ruling

The Swedish Gaming Inspectorate, Spelinspektionen, has made another ruling against a Curacao gambling business, banning online operator Disrupt Entertainment. Issuing an update, Spelinspektionen detailed that Disrupt Entertainment had been providing information in Swedish and conditions for game participation in Swedish on the website of its Casinosinners brand. The Swedish authority initially launched a supervisory case …

IBIA: Football friendlies are easily exploited by match fixers

The International Betting Integrity Association (IBIA) has warned betting leadership that a lack of governance of friendly football matches is being exploited by criminal gangs.  New research by the University of Nicosia Research Foundation, funded by the EC’s Erasmus+ programme, has revealed that more than 250 friendly matches involving European clubs “showed signs of suspicious …

Sorare enlists SEON to enhance fraud prevention capabilities

Fantasy football platform Sorare has entered into a partnership with SEON, leveraging the latter’s solutions to detect fraud within its referral programme. The agreement will see Sorare utilise SEON’s onboarding monitoring, device fingerprinting and tailored risk rules offerings to identify and prevent referral fraud and protect its Non-Fungible Token portfolio. Solutions included under the terms …

DCMS hears athlete feedback on National Lottery’s accountability concerns

A DCMS Select Committee has heard the lived experiences of Olympic and Paralympic athletes supported by National Lottery funding.  Adam Peaty (MBE), 3x Olympic Gold swimmer, champion Paralympic rower Lauren Rowles and swimmer Ellie Robinson served as witnesses to the Committee’s ‘What next for the National Lottery’ panel. MPs probed the athletes on their experience …

Codere Online finalises merger with DD3 whilst making new board appointment

Codere Online has completed its merger with DD3 Acquisition Corp, following the approval of the latter’s stakeholders in 18 November, whilst also announcing the appointment of Patrick Ramsey to its board. The Latin America-focused online sports betting and casino gaming operator predicts that the finalised transaction will result in gross proceeds of approximately $116 million, …

Alex Iaroshenko: New look Betbazar ready for digital evolution

The sports betting industry ‘sales house’ Betbazar is now ready for the next 10 years of digital evolution following a recent rebrand. But for a company whose services touch both operator and supplier, where should the product development process start – with the buyer or the seller? Will esports remain a key part of the …