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December 16, 2024 – FairOdds Network
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Daily Archives: December 16, 2024

December 16, 2024

ESPN Bet leans into ESPN as it seeks to differentiate itself

ESPN Bet and ESPN believe that the gambling platform's newest functionality – account linking to the media site – is a game changer.

When it comes to sports betting platforms, a key driver of success is differentiation. Some platforms lean into massive bet menus. Others lean into high limits. And still others lean into microbetting. ESPN Bet is leaning into… ESPN.

And it believes connecting the Worldwide Leader in Sports with a like-branded betting app gives it a serious advantage.

“The assumptions you can draw are that the individual who links is betting more often,” Mike Morrison, vice president of ESPN Bet and ESPN Fantasy, told iGB. “Perhaps some of the bets are of higher value and we’re able to identify different kinds of betting behaviour. This group of fans that are playing fantasy or betting are a high-value player… they’re going to be a very valuable customer for ESPN, so we want to find ways to engage them.”

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To that end, ESPN Bet announced on 1..

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December 16, 2024

Weekend Report: former Premier League footballer jailed for match-fixing, Zeal celebrates anniversary

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: former Premier League footballer jailed for match-fixing, Veikkaus pens Finnish Ice Hockey Association extension and Zeal reaches 25-year milestone.

Former Premier League footballer faces 20 years in jail

A former Chinese footballer who played in the English Premier League for Everton has been jailed for 20 years for match-fixing.

Li Tie, who also managed China’s national team, pleaded guilty in March to taking over $16.0 million (£12.7 million/€15.2 million) in bribes. The BBC reports that Li also admitted to both accepting and offering bribes.

The court said the offences occurred while Li was an assistant coach at the Hebei China Fortune Club, which previously played in the Chinese Super League but was declared defunct last year. Li worked for the club from 2015 until 2021, when he quit as national coach.

Li would accept bribes to select certain play..

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December 16, 2024

Sweepstakes has its moment at NCLGS: Law change needed to regulate or ban

The panel, entitled ‘This Ain’t Your Granddad’s Sweepstakes’, delved into issues on licensing, regulation and taxation.

More than 15 years have elapsed since the passing of Ed McMahon, the Tonight Show sidekick also famous for sweepstakes commercials that featured him awarding unsuspecting Americans with gigantic seven-figure checks.

Yet McMahon’s name circulated through the halls of Harrah’s Hotel at Caesars New Orleans on Friday before the nation’s preeminent gambling regulators.

Ahead of next week’s senate hearing in the nation’s capital on sports betting, a panel convened on the online sweepstakes casino market. The issue is one that is sweeping the broader industry. The panel, entitled This Ain’t Your Granddad’s Sweepstakes, delved into hot-button issues on licensing, regulation and taxation associated with the multi-billion-dollar market.

The panel opened the daily agenda at the National Council of Legislators From Gaming States (NCLGS) 2024 Winter Meeting. Moderated by Chris..

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December 16, 2024

Sweden government confirms country will sign Macolin Convention

Sweden is to join the Council of Europe’s Convention on the Manipulation of Sports Competitions, also known as the Macolin Convention, the country’s government has confirmed.

Sweden first announced its intention to join the convention in October last year, with several ministers declaring their support. The government has now confirmed it will proceed with these plans.

In declaring its support, Sweden becomes the thirteenth European Union country to ratify the Macolin Convention. Belgium, France, Greece, Iceland, Italy, Lithuania, Norway, Portugal, Moldova, Spain, Switzerland and Ukraine have all previously ratified the convention. It has also been signed by 39 other European states and signed by three non-EU countries; Australia, Morocco and Russia.

The convention remains the only international legal framework on match-fixing and sports manipulation. It sets out a framework for public authorities to corporate with sports governing bodies, betting operators and competition operator..

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