Maryland has emerged as the latest state to caution licensed operators about the risks of offering prediction markets, joining a growing list of jurisdictions taking action against this evolving form of wagering. The Maryland Lottery and Gaming Control Commission …
The post Maryland Regulator Issues Strong Warning on Prediction Markets first appeared on RealMoneyAction.com.
A proposal that would have brought online sports betting to Wisconsin did not reach a vote in the Assembly on Wednesday, leaving its future uncertain. Assembly Majority Leader Tyler August (R-Walworth) confirmed the measure was removed from the agenda, …
The post Wisconsin Online Sports Betting Bill Pulled, Future Unclear first appeared on RealMoneyAction.com.
Michigan’s online gambling sector achieved unprecedented revenue in October, with combined gross receipts from internet gaming (iGaming) and internet sports betting totaling $352.3 million. This figure represents a 16.4% increase from September and surpasses the previous record of …
The post Michigan Online Gambling Revenue Hits Record $352M in October first appeared on RealMoneyAction.com.
Arizona’s sports betting market presented a striking contrast in September: player wagering soared, yet operator revenue plunged to a three-year low. According to figures from the Arizona Department of Gaming, total handle reached $851.3 million—a 16.3% increase compared …
The post Arizona Adjusted Sports Betting Revenue Falls to Three-Year Low first appeared on RealMoneyAction.com.
The New York State Gaming Commission (NYSGC) is considering whether current licensees should be allowed to operate if they participate in prediction markets. Speaking at a Nov. 18 meeting, NYSGC Chair Brian O’Dwyer said such markets pose a …
The post New York Regulator Targets Sports Betting Props and Prediction Markets first appeared on RealMoneyAction.com.
Gaming Laboratories International (GLI®) has strengthened its global compliance network by integrating the information system security (ISS) assessment solutions of Bulletproof, A GLI Company. Delivered by GLI’s expert professionals, the integration allows GLI to continue providing cybersecurity assessments for …
The post GLI Expands Cybersecurity Capabilities with Bulletproof Integration first appeared on RealMoneyAction.com.
Legislation aimed at reinstating the complete gambling loss tax deduction remains stuck in Congress, even as the House resumes normal operations after an extended disruption. Despite bipartisan interest in undoing the upcoming 90% cap on deductible losses, lawmakers have little …
The post Gambling Loss Deduction Effort Falters as Congress Runs Out of Time first appeared on RealMoneyAction.com.
Wisconsin legislators are preparing for a pivotal vote on whether tribal nations should be allowed to offer statewide mobile sports wagering, a decision that one of the bill’s sponsors argues will determine who controls the state’s rapidly evolving betting …
The post Wisconsin Debates Sports Betting Bill as Prediction Markets Surge first appeared on RealMoneyAction.com.
DraftKings and FanDuel abruptly cut ties with the American Gaming Association (AGA) after heightened tensions around the future role of prediction markets in the legal betting ecosystem. The conflict surfaced during the AGA’s Public Policy Committee meeting in Washington, D.C., …
The post DraftKings and FanDuel Split From AGA Amid Prediction Market Clash first appeared on RealMoneyAction.com.
New Jersey’s internet gaming sector reached a major milestone in October as online casinos collectively generated $260.3 million, finally surpassing the long-anticipated quarter-billion mark after several close calls earlier in the year. The Division of Gaming Enforcement’s latest figures …
The post New Jersey’s Online Casinos Break Revenue Record with $260.3M October Haul first appeared on RealMoneyAction.com.