Arizona’s legal sports betting market is approaching its fifth anniversary with billions of dollars wagered, growing state revenue and continued investment in responsible gambling programs as betting activity remains strong.
Since legal wagering launched in September 2021, bettors have placed…
The post Arizona Sports Betting Nears Five-Year Milestone first appeared on RealMoneyAction.com.
A group of 12 Democratic senators has called on Congress to amend the CLARITY Act to prevent federally regulated prediction markets from offering sports betting and casino-style products. In a July 17 letter, the lawmakers argued that the current legislation …
The post Senators Push Prediction Market Limits first appeared on RealMoneyAction.com.
The UK Gambling Commission has confirmed that future regulatory settlements agreed through enforcement cases will be paid directly into the government’s Consolidated Fund, aligning the process with existing rules governing financial penalties under the Gambling Act 2005.
The …
The post UK Confirms New Process for Gambling Settlements first appeared on RealMoneyAction.com.
Pennsylvania lawmakers have introduced legislation establishing a legal framework for prediction markets without imposing a tax. House Bill 2711 sets operating standards, adds consumer safeguards and assigns enforcement responsibilities.
Introduced on July 22 by Rep. Tarik Khan and more than …
The post Pennsylvania Sets Rules for Prediction Markets first appeared on RealMoneyAction.com.