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Industry News of the Day for November 22, 2019

Industry News of the Day for November 22, 2019

iDEA Growth Member News:

Industry News:

  • Bloomberg, 11.22.19 – Wall Street Wades Into Sports Gambling As Legalization Spreads
    • The line between trading and gambling has always been fuzzy. So now that many U.S. states have legalized sports betting, following a 2018 Supreme Court ruling, it’s natural to wonder if Wall Street will start looking for a piece of the action.
  • Sports Handle, 11.21.19 – How The U.S. Legal Sports Betting Business Is Fundamentally Disadvantaged
    • Not all bets are not created equal. With local bookies, operating through pay-per-head websites or otherwise, it’s a credit world. In regulated markets expanding all across the U.S., it’s quite different.
  • Legal Sports Report, 11.21.19 – Checkmate? How A Chess Case Puts Another Nail In The Proprietary Sports Betting Data Coffin
    • Andy Levinson, the senior VP of tournament administration for the PGA Tour, said recently  data not provided by the PGA Tour to sportsbooks is “stolen data.” This latest salvo is one instance in the ongoing sports leagues’ battle for additional compensation from sports betting.
  • SBC Americas, 11.21.19 – Dancing In The Dark: Why Competitive Visibility Is A Winner In US Sports Betting
    • When the legal sports betting market in the US kicked off last year, it opened up a billion-dollar industry for bookmakers and affiliates. According to Adthena, the competitive intelligence platform specialist, it’s a brand new competitive landscape where everything’s up for grabs, the competitors are yet to be determined, and the first order of business is to acquire as many players as you can, as fast as you can.

New Jersey:

Montana:

Virginia:

Kentucky:

  • Legal Sports Report, 11.22.19 – Kentucky Sports Betting Will Get Another Shot In 2020 Legislature
    • Rep. Adam Koenig expects to introduce another sports betting bill in Kentucky’s next legislative session, which begins Jan. 7, according to WDRB-TV. The bill would include mobile sports betting and would also legalize online poker.

Washington, D.C.:

  • WTOP, 11.21.19 – DC Bars, Restaurants Hope To Take Bets By Super Bowl
    • D.C. bars and restaurants could be ready to take your bets by Super Bowl Sunday, even though plans for citywide sports betting have been tied up in the city’s bureaucracy as well as the courts.

Tennessee:

Arkansas:

Colorado:

Nevada:

Sports League News:

  • Sports Illustrated, 11.21.19 – When Start-Ups Come To The Sports World
    • With sports betting legal and demand for live content surging, leagues are launching left and right. Most will fail, but what will they leave behind? History tells us: a lot