Sports betting regulation – Page 12

June 6, 2023

Sorare: From pressure point to new regulations

Sorare has updated its operating model in France, and gambling regulator ANJ is yet to confirm whether it meets its regulatory criteria, writes Jake Pollard. However, news that the French government is working to pass new regulations for Web3 “pioneers” shows how important the sector is to the French authorities.

In a statement posted on Medium, Sorare said it had updated its product roadmap as a “temporary solution”.

This decision was taken in accordance with “the French National Gaming Authority [l’Autorité National des Jeux (ANJ)] that creates an optional alternative method of entry for users based in France only”.

Essentially, Sorare has increased free-play access to its fantasy sports leagues for players in France. Even if the French language version of the company’s statement, unlike the English text, mentioned that the new method of entry would be available to players “without blockchain cards”.

A marker of regulatory pressure

Overall, the move by Sorare is a marker of t..

June 5, 2023

Episode 17: More on Brazil plus US sports betting updates

Brendan Bussmann and Brandt Iden talk about the latest developments in US sports betting legislation, as well as more from Brazil, in episode 17 of the World Series of Politics.

We start by revisiting Brazil sports betting, the focus of our last episode, as the regulatory process undergoes yet more evolutions.

From a provisional measure to a bill in Brazil

Brazil sports betting looked set to pass through a provisional measure (PM) which Hugo Baumgartner outlined in episode 16.

However that PM is likely to be turned into a bill, which sets up even more legislative hurdles. Other forms of gambling such as integrated resorts may be incorporated into the process.

While this could expand the market, it could also result in the bill failing to pass. Brendan says “it’s clear as mud” as to what’s likely to happen now. There’s plenty more to discuss in a future episode of the World Series of Politics.

More pain for Missouri sports betting

Next we pivot to US sports betting, where Misso..

May 15, 2023

Texas’ lieutenant governor says sports betting bill won’t progress

Texas’ lieutenant governor Dan Patrick has said that House Bill 1942, which details how Texas’ sports betting market would be regulated, has “little to no support” and will not progress through the senate.

Texas’ house of representatives voted in favour of HJR 102 last week. HJR 102 is a constitutional amendment which would give state citizens the chance to vote online sports betting into law.

HB1942 accompanied the amendment, and also passed through the house by a 82-51 vote.

Read the full story on iGB North America

May 12, 2023

Brazil on the brink of sports betting regulation

Brazil’s government has launched a provisional measure for sports betting, in a move that marks the end of a 20-year wait period for the country.

The provisional measure (PM) was adopted by Brazil’s president, Luiz Inácio Lula da Silva and signed by the ministries of finance, planning, management, health, tourism and sports.

Once signed by President Lula, the PM will be published by Brazil’s government and will be enacted for an initial maximum period of 60 days, before it can be extended for another 60 days.

What are the measures?

A 16% tax on gross gaming revenue (GGR) will be payable by licensed operators. Percentages of this will be distributed to public health initiatives and anti-match-fixing initiatives.

In total, 2.5% will be given to the National Fund for Public Security. Elsewhere, 1.6% will go to sports clubs and 10% to social security. The ministry of sports will receive 1% and education initiatives 0.8%.

Players will be subject to 30% income tax on winnings, which wi..

May 12, 2023

Texas House clears online sports betting amendment bill

The Texas House of Representatives has voted through a constitutional amendment bill that would allow voters in the US state to legalise online sports betting.

HJR 102 cleared the House by a vote of 101-42 yesterday (11 May) and will now progress forward to the state’s senate for further debate.

Should it pass into law, the constitutional amendment itself would not legalise wagering, but would permit a state-wide vote to be held on the issue. This would take place at an election on 7 November this year.

Read the full story on iGB North America

May 10, 2023

Episode 16: Hugo Baungartner talks Brazilian gaming regulation

Brandt Iden and Brendan Bussmann step outside the US to discuss ongoing sports betting developments in Brazil, plus the all-important go-live date for the market.

The development of sports betting in Brazil has been happening over the last 20 years, with people waiting eagerly for just as long, says Hugo Baungartner, the special guest this week on World Series of Politics.

A law that could legalise sports betting in Brazil is said to be imminent

“It’s the giant,” he says. “Everyone is talking about it. Everybody wants to come to Brazil.”

He notes that law has been in place to allow sports betting in Brazil since 2018, but that there has been no regulation yet, and nothing was made official by then-president Jair Bolsonaro.

But this regulation is imminent, Hugo insists, with ministers working for Brazil’s newest president Luiz Inácio Lula da Silva preparing a law that could be signed in the coming days.

What can Brazil expect?

Hugo says Brazil’s government will impose a 15% tax ..

May 9, 2023

85% of Americans support end of federal sports betting ban

New research commissioned by the American Gaming Association (AGA) has found that 85% of American adults agree that the Supreme Court was right to strike down the federal sports betting ban in 2018.

Nearly five years to the day when the US Supreme Court decided to overturn the Professional and Amateur Sports Protection Act (PASPA), a majority of Americans believe that justices were correct in their decision, according to the AGA.

The ruling – which paved the way for the state-by-state legalisation of sports betting – is more popular than it was in the past. A huge 85% of those polled believed it to be the correct course of action, compared to 63% in 2019. Meanwhile, 77% of US consumers also support legalisation in their state of residence.

aga president and ceo bill miller

“American adults have always enjoyed betting on sports, and overwhelmingly value the ability to bring their action into a legal market, close to home,” said AGA president and CEO Bill Miller.

“The rapid spread ..

April 14, 2023

Episode 15: A win in Kentucky, plus Texas, North Carolina and more

Last week the World Series of Politics asked where all the regulatory wins were in the 2023 legislative session, and, around a day after it went live, Kentucky sports betting was signed into law.

As Brendan Bussmann says, gaming tends to be the last issue for lawmakers to consider in the session and this year is no different. Earlier in the session Kentucky looked like a “sleeper state”, Brandt Iden says, making it a great win for the session.

Kentucky sports betting’s passage was “a classic case of bipartisanship”, he adds, with the governor, Republicans and Democrats coming together to make it happen.

Missouri and North Carolina sports betting set for photo finish?

Next up is North Carolina, a state with tribal sports betting already live, where a bill to expand the market is working its way through the legislature.

Brendan is increasingly bullish on the Tar Heel State. He says attitudes on gaming are changing as more southern states look at legislation, with more efforts to..

April 14, 2023

Not such a special one: The Premier League shirt “ban”

Following news of the Premier League gambling sponsorship ban, Jon Bruford queries whether this is at best belated and at worst ineffective.

In an unsurprising move, the English Premier League has collectively agreed to remove gambling sponsorship from the front of clubs’ match day shirts.

For those not interested in sports, this is football (soccer) and the Premier League is one of the most watched professional leagues of any sport, anywhere in the world.

This will certainly be met with smiles by most of the industry’s critics but, let’s face it, this is a largely pointless move made by the league so they don’t lose all the revenue from gambling. It’s placatory at best, pointless at worst. Why?

That’s a great question and one I’m glad you asked. But where do we begin?

The gambling industry – and its critics – has recognised that advertising around sport is potentially a problem for quite a while. Even those industry guardians the Betting and Gaming Council (BGC) have stood astr..

April 3, 2023

Kentucky governor signs sports betting bill into law

Kentucky’s Democrat governor, Andy Beshear, has signed into law a bill that will legalise sports betting in the Bluegrass State.

House Bill 551 will make nine racetracks eligible to offer on-site retail sports betting, while each track will also be able to partner with up to three online operators, meaning up to 27 licences may be issued by the Kentucky Horse Racing Commission (KHRC).

The bill also establishes a two-tier system to taxation, with online operators to be taxed at 14.25% of gross gambling revenue, compared to the 9.75% imposed on the retail offerings.

Read the full story on iGB North America

March 22, 2023

Oklahoma tribal sports betting bill clears House

The Oklahoma House of Representatives has voted through a bill that would allow tribes in the US state to add legal sports betting to their existing gaming compacts.

House Bill 1027 passed yesterday (21 March) by a vote of 66-26 and will now move forward to the Senate for a further committee progress, where it could face additional amendments.

The final version of the bill would need approval from both the House and Senate before it could be passed to the governor for final sign-off.

Read the full story on iGB North America

March 21, 2023

Missouri House votes to approve sports betting bill

The Missouri House of Representatives has voted to approve a bill that would legalise sports betting in the US state.

While the vote is a step forward in the authorisation of sports betting in the Show-Me State, a formal roll call vote is required in the House before the bill is sent to the state Senate for final confirmation.

House Bill 556, which would allow for retail and online sports wagering in Missouri, is being co-sponsored by Republicans Dave Hinman and Adam Schwadron, as well as Democrats Keri Ingle and Ashley Bland Manlove.

The bill was introduced to the House at the start of the year and approved last night (20 March). Following a formal roll call, which is expected to take place later this week, the bill will then progress to the Senate for further discussion.

Read the full story on iGB North America

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Tag: Sports betting regulation