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sports betting alliance – FairOdds Network

Tag: sports betting alliance

Georgia house committee hears some inaccuracies from wagering opponent

Forty-eight hours before the crossover deadline, a Georgia house committee heard testimony about sports betting. However, some of it was inaccurate.

On Tuesday (4 March) the Georgia higher education committee listened to testimony from six witnesses about sports betting as the issue begins its last-minute march through the chamber.

There was no vote on Tuesday, while Thursday is the crossover deadline. Committee chair Chuck Martin said that while Wednesday is a legislative workday, the committee will meet again in the afternoon. Sports betting could land on that agenda and, if not, it would move to the Thursday agenda. The committee – like others in Atlanta – is working extra hours ahead of the crossover deadline.

Should the committee advance the proposal, which would allow for statewide mobile sports betting, the full house would have to approve it to keep it alive. However, a senate committee has already rejected a legalisation measure.

HB 686 is part of a package of bills and..

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Tribes, commercial operators aligned against sweepstakes

In a moment that seemed impossible in 2022, on Wednesday (23 October), Indian Country and the Sports Betting Alliance (SBA) in the US had a meaningful conversation about how to fight – together – against sweepstakes.

Victor Rocha invited lobbyist Jeremy Kudon, who represents the SBA (comprised of BetMGM, DraftKings, Fanatics and FanDuel) to share his thoughts on the rise of sweepstakes. That is the latest “unregulated, unlicensed and untaxed” gambling to emerge in the last year.

Sweepstakes offer gaming without initially using real money. In legal sports betting and igaming, consumers stake accounts with cash or cash equivalents. In sweepstakes, the games start off free to play, but then consumers can purchase “coins” or “virtual cash” with which to wager.

Recently, the legal industry has not only taken notice of the rise of sweepstakes, but is starting to educate itself on what they say is already a multi-billion-dollar industry. The goal is to stop it from continuing to prolifer..

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