US debate and discussion has expanded with regards to developing a ‘federal sports betting framework’, following Democratic Party Senate Leader Chuck Schumer’s proposal of an initial mandate. One of the highest ranking Democrats, Schumer leads party policy development as leader of the ‘Senate Democrat Committee’. On Wednesday, Schumer unveiled to ESPN a memo which proposed initial provisions for the development …
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NCAA sets up integrity panel to asses impact of betting post PASPA
Seeking to maintain the integrity of its amateur competitions and further protect its competing athletes, the National Collegiate Athletic Association (NCAA) will launch a study into US sports betting post-PASPA. The governing body of US college sports will develop an advisory panel of experts examining the effects of betting throughout US sports value chain, focusing on ‘how best to protect …
Read More »Chris Murphy: Americas Outlook – Frantic first steps for those early US betting adopters
Chris Murphy Editor of SBC Americas details a chaotic first two months of US legislative activity post-SCOTUS’ repeal of PASPA’s federal mandate. What sense if any can the industry make of early US state adoption of sports betting laws… _________________________________ More than two months have elapsed since the landmark ruling that saw the Supreme Court of the US (SCOTUS) overturn …
Read More »NFL’s Roger Goodell sets out ‘4 Key Principles’ for US betting
NFL Chief Commissioner Roger Goodell has issued an official statement, on the pro-league’s position with regards to US betting, following last week’s Supreme Court repeal of PASPA’s federal mandate. Goodell and the NFL have been amongst the staunchest opponents of US licensed sports betting, defending the league’s anti-gambling stance on the basis of protecting the sport’s integrity and preventing harm to …
Read More »Sportradar allays fears as sports betting moves out of the shadows
The Deputy President for Sportradar US has predicted a chaotic post-PASPA period, as the sports betting market prepares for an estimated $190 billion in annual activity to come “out of the shadows”. Dr. Laila Mintas stressed that the benefits of legal sports betting in the US far outweigh “misperceived fears and unfounded concerns”, but acknowledged that because every state’s approach …
Read More »NCAA and Genius Sports link-up in PASPA aftermath
Genius Sports and the National Collegiate Athletic Association (NCAA) have announced a “landmark initiative,” which is designed to transform the digital collection and distribution of intercollegiate sports data, following SCOTUS’ landmark decision on PASPA. Further to its development, promotional, and technical support for data software, Genius Sports is to also serve as the NCAA’s exclusive agent in licensing real-time official …
Read More »Perform hails “unique opportunity” presented by PASPA ruling
Perform Group has called it a “great day” for all stakeholders in the sports industry, after a full reversal of the ban on sports betting outside of Nevada presented the United States with a “unique opportunity” to build a regulated betting market from the ground up. The Supreme Court of the United States (SCOTUS) ruled that the federal ban on …
Read More »AGA speaks out on illegal US sports betting industry
The American Gaming Association (AGA) has estimated that in excess of $10bn will be wagered by Americans in the upcoming 2018 NCAA men’s basketball tournament. Of that figure, however, only $300m, representing around 3 percent, will be wagered legally through Nevada sportsbooks, with it stated that “failed federal prohibition [is] making common criminals of millions of Americans.” In addition, it …
Read More »New York seeking sports leagues integrity fee compromise
Another state in the USA has introduced a new bill seeking the introduction of sports betting, ahead of the potentially landmark decision by the Supreme Court (SCOTUS) in the New Jersey v NCAA case. Put forward by Senator John J Bonacic, chairman of the Committee on Racing, Gaming and Wagering, bill S7900 would amend the current racing, pari-mutuel wagering and …
Read More »Sports betting USA: American history and “deplorable” leagues
Sports betting within the USA is an issue that has been long debated, and will continue to be done so until the culmination of the ongoing Christie v NCAA case, and most likely well beyond. It was no surprise to see it debated in varying degrees at last weeks ICE London, with Dan Wallach, shareholder at Becker and Poliakoff, getting …
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