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Allwyn to Acquire Majority Stake in PrizePicks for $1.6B 

News /

European lottery and gaming entertainment company, Allwyn International, has agreed to acquire 62.3% of US daily fantasy sports (DFS) operator PrizePicks, in a deal that values PrizePicks at $2.5 billion. The transaction, announced on September 22, discloses that Allwyn will pay $1.6 billion in cash, with additional performance-based payments that could raise the DFS operator’s […]

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Wynn Resorts Puts Guests First, Removes Triple-Zero Roulette

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Wynn Resorts has eliminated triple-zero roulette from its casino floor, responding to criticism over the higher house edge tied to the game. The triple-zero formats, which added an extra slot beyond the standard single- and double-zero wheels, gave the house an advantage of 7.69% compared with 5.26% on double-zero roulette. Many gamblers and analysts believed

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Hard Rock Bet Replaces DraftKings as The Volume Partner 

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The Volume, founded by Colin Cowherd, has signed a multimillion-dollar deal making Hard Rock Bets not just their new presenting sponsor, but also their exclusive sportsbook partner, thus replacing DraftKings.  The new agreement between The Volume and Hard Rock Bets will integrate Hard Rock branding across all of The Volume’s 20+ podcasts, YouTube shows, and

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Virgin Hotels Las Vegas Teams Up With William Hill For Enhanced Sports Betting

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Virgin Hotels Las Vegas has entered into a new partnership with William Hill Nevada to oversee its sportsbook operations. The deal, announced in time for the start of the NFL season, will see William Hill take over both in-person and mobile sports betting at the property later this year.  The arrangement significantly expands the sports

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NCAA and Venmo Join Forces to Shield College Athletes from Gambling Harassment

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Venmo and the NCAA have launched a partnership to combat the harassment of college athletes linked to sports betting. The initiative includes a dedicated reporting hotline, enhanced monitoring of athlete accounts, and educational resources for students.  The partnership addresses a growing concern for the betting industry, where athletes receive unwanted payment requests and abusive messages

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FanDuel Going Into The Event-Contract Space

Betting, News /

Flutter Entertainment announced it will enter the event contract market, partnering with CME Group, a financially regulated, leading prediction market provider.  FanDuel, the Flutter-owned US online gaming operator, will launch these products later this year and make them available to its US customer base.   These contracts will allow FanDuel’s US customers to wager as little

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Novig Pulls All Operations In New Jersey After Sweepstakes Ban

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Prediction market operator Novig has left New Jersey after new legal restrictions were introduced, just days after announcing its Series A funding round, which raised $18 million. In an email to New Jersey customers, Novig declared that platform usage would be “required to restricted platform usage for users located in the state of New Jersey.”

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Kalshi Introduces New Contracts in Time for NFL, Despite State Controversy

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Prediction-market exchange platform Kalshi has informed the Commodity Trading Futures Commission (CFTC) that it has introduced new sports event contracts for the upcoming NFL season.  The newly introduced contracts, which are currently limited to football, give users the opportunity to trade based on points totals, overall scores, and the number of touchdowns a player will

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