Industry News of the Day for February 18, 2021

iDEA Growth Member News

  • Law360, 2.17.21 – Sportsbooks Could Use Derivatives Market, But Is It Betting? (Ifrah Law; subscription paywall)
    • The Commodity Futures Trading Commission is considering a proposal to begin listing futures contracts based on the outcomes of NFL games for sale on an exchange open to sports betting operators and stadium owners and vendors, a move attorneys say is brought on by the financial risks from state-by-state legalization of sports betting.
  • Bloomberg, 2.18.21 – New AI To Identify Problem Gamblers Online
    • Entain Plc says it will use big data in an attempt to identify problem gamblers, responding to a looming regulatory crackdown on the digital betting industry, which has been fueled by lockdowns during the pandemic.
  • MI Bets, 2.17.21 – BetMGM Leads Pack As Michigan Online Casinos Win $27.5 Million Over 10 Days
    • The BetMGM online casino hit the jackpot in the first 10 days of operation in Michigan with over $11 million in gross gaming revenue, accounting for nearly 38% of all online casino gaming in the state between the launch date of Jan. 22 and the end of the month.
  • MI Bets, 2.17.21 – FanDuel Jumps Out To Early Lead In MI Sportsbook Wars, With DraftKings And Barstool Right Behind
    • FanDuel’s online sportsbook has taken the first round in the battle for supremacy in Michigan, as the first batch of numbers were released Wednesday morning by the Michigan Gaming Control Board (MGCB).

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Sports League News:

  • SBC Americas, 2.18.21 – Bally’s Corporation Forms Multi-Year Strategic Partnership With NHL
    • Bally’s Corporation, a leading US provider of land-based gaming and interactive entertainment, has formed a multi-year strategic partnership with the National Hockey League (NHL), under the terms of which it becomes the official sports betting partner of the league.

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  • The Action Network, 2.17.21 – Arizona Sports Betting Bill Advances After Marathon Hearing
    • An Arizona Senate committee advanced a sports betting legalization bill Wednesday, a major step forward that further bolsters legal sportsbooks’ hopes after the House advanced the companion bill days earlier.