Industry News of the Day for May 15, 2024
Industry News
- Bonus: CFTC’s New Gaming Definition Will Prohibit Speculating On Elections, Sports, Awards
- The Commodity Futures Trading Commission (CFTC) has proposed clarifying its rules for event contracts in a way that would ban derivatives based on political contests, athletic competitions, and awards. If enacted, the change will leave those seeking to hedge the outcome of US elections and companies eager to offer those political markets in the cold. Likewise, exchanges offering sports and award show contracts would soon disappear.
- Legal Sports Report: Silver: NBA Betting On Props Can Lead To ‘Shenanigans’
- NBA commissioner Adam Silver opened up recently about the difficulties that the league faces while operating within the legal and regulated sports betting market and some potential changes. Jontay Porter was playing on a two-way contract with the Toronto Raptors. He received a lifetime ban for violating the league’s sports betting policy.
Kentucky
- Gaming Today: Circa Sports Launches In Kentucky Through Cumberland Run Partnership
- A new online sportsbook is available in the Bluegrass State: Circa Sports has launched in Kentucky, marking the fifth state where the sports betting app is live. Circa Sports enters Kentucky to offer sports wagering odds and betting markets via its partnership with Cumberland Run racetrack. The state allows a set number of sports betting licenses to be issued to a qualified sports venue or race track. The license is held by ECL Corbin, LLC, which owns and operates the popular Cumberland Run harness track, located near Williamsburg.
Pennsylvania
- PlayPennsylvania: Live Dealer Game Popularity Growing As Crazy Time Set To Launch June 4
- Evolution Gaming told PlayPennsylvania its new live dealer game, Crazy Time will be available on PA platforms starting on June 4. The company has unveiled several new games to PA online casinos, further cementing the importance of the live dealer vertical in the Keystone State.
New York
- PlayNY: Senate Committee Bills To Raise Age Limit For DFS, Expand Sports Betting Markets
- The New York legislative session may end in less than a month, but that hasn’t slowed Sen. Joseph Addabbo and the rest of the Senate Racing, Gaming and Wagering committee from advancing bill proposals to help continue to shape the legal gambling industry in the Empire State. The committee met on Tuesday to discuss a variety of bills, with several advancing to the Finance committee that are worth noting.