February 12, 2025 – FairOdds Network

February 12, 2025

Trump nominates Kalshi board member as CFTC chief

Quintenz, who previously served as a commissioner for the CFTC under Trump, also spent time on the board of Kalshi.

Another day, another round of Commodity Futures Trading Commission (CFTC) news, with the big story coming via President Donald Trump, who has nominated Brian Quintenz to become chairman.

“It is my great honour to be nominated by President Trump as the next chairman of the Commodity Futures Trading Commission, where I had served as a commissioner in his last administration,” Quintenz said in a statement posted on X. “The CFTC plays a critical role in maintaining robust hedging and price discovery markets that are the envy of the globe. The agency is also well poised to ensure the USA leads the world in blockchain technology and innovation. I look forward to working with President Trump’s incredible financial regulatory team.”

News of Quintenz being nominated was first reported by Bloomberg Tuesday night. Currently serving as acting chairman is Caroline Pham.

Quintez ha..

February 12, 2025

Tennessee sports betting handle dips month-on-month in January

Player spending on sports betting in Tennessee declined month-on-month in January, although the amount wagered is the fourth highest since the state launched its legal market in November 2020.

Gross wagers in Tennessee in January hit $549.0 million (£442.7 million/€530.4 million). This is 17.4% above last year but 4.1% behind the $572.7 million wagered in December.

The monthly record for gross sports wagers in Tennessee stands at $598.6 million, which was set in November 2024. January’s total is 8.3% shy of this figure.

Data from the Tennessee Sports Wagering Council shows after adjustments of $5.3 million, gross handle for the month was $543.6 million. This beats the previous year by 16.7% but falls 4.6% short of December.

In terms of tax, privilege tax for the opening month of the year topped $10.0 million.

The council does not disclose what the reported “adjustments” are in its monthly report, nor does it publish a breakdown of activity by operator or sport. Operator revenue is..

February 12, 2025

Stake to cease UK operations amid Gambling Commission investigation

Stake will exit the UK market next month amid a Gambling Commission investigation into social media advertising from the operator.

The Gambling Commission made the announcement today (12 February) with TGP Europe Limited (TGP), which operates Stake in the UK on a white-label basis, stating they will shut the site down.

The Gambling Commission has launched an investigation into a video distributed widely on social media that displayed Stake’s logo. The video featured an adult entertainment actress outside Nottingham Trent University.

After meeting with the Commission, TGP said it will immediately stop accepting new registrations to Stake’s UK platform and will remove any redirection links to the main Stake website. TGP will complete a full shutdown of the site by 11 March.

TGP has already faced regulatory scrutiny in the UK after being fined £316,250 (€379,430/$393,951) by the Gambling Commission in April 2023 for anti-money laundering (AML) and social responsibility failures.

“Whe..

February 12, 2025

Bangladesh cricket player banned over match-fixing at T20 World Cup

The International Cricket Council (ICC) has banned Bangladesh player Shohaly Akhter for five years after she admitted to fixing matches.

Akhter was found to have breached several provisions of the ICC Anti-Corruption Code. As such, she will serve a five-year ban from cricket, with this covering any form of participation in the sport.

The ICC, which published its decision yesterday (11 February), did not say how many matches were impacted. It did, however, confirm that the corruption case relates to the Women’s T20 World Cup 2023 in South Africa. Akhter did not play in the tournament.

Five breaches of cricket fixing rules

In total, the 36-year-old bowler was found guilty of five breaches of the Anti-Corruption Code. The first is Article 2.1.3, relating to fixing or in any way influencing an international match by deliberately underperforming.

Akhter also admitted to breaching Article 2.1.3, in reference to seeking, accepting or offering a bribe or other reward to influence a match…

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