Jacob Wayne
Posts by Jacob Wayne
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Underdog Raises $35 Million in Funding, Valued at $485 Million
Early Tuesday morning, Underdog Fantasy announced that it had raised $35 million in a Series B round of funding that includes BlackRock and Acies Investment. The recent funding round has the company valued at $485 million, and the leader in fantasy sports is expected to become a major player in the rapidly growing sports betting […]
Sports Betting Volume Increases for 2022 NCAA Tournament
Legal sports betting continues to become more widespread across the United States, and the NCAA Men’s Basketball Tournament was a flagship event for the rapidly growing industry. According to a study by the National Research Group published after the Elite Eight, more Americans have wagered on this year’s tournament than in any previous year. Aside […]
Self-Exclusion Program Creating Issues in Ontario as Bettors Exploit Loophole: AGCO Investigating
Online sports betting launched in Ontario on April 4, 2022, and the market now has several platforms available, including DraftKings, Caesars, and FanDuel. However, bettors have been taking advantage of a loophole in the responsible gaming rules in the province to the detriment of sportsbooks. The Alcohol and Gaming Commission of Ontario (AGCO) is reportedly […]
Premier League Planning to Phase Out Gambling Shirt Sponsorships
The Premier League is reportedly asking its clubs to support a three-year phase-out plan to remove gambling sponsorships from jerseys in order to avert a government-imposed ban. According to Sky News, the Premier League contacted its clubs on Monday to propose a three-year timeline for a voluntary ban. The ban would begin in August at […]
New York Sports Betting Update: Gaming Commission Releases Q&A
New York legislators continue to make progress on a hopeful launch of their legal sports betting market in time for the 2021 NFL season. On Thursday, state legislators hit an important deadline and the New York State Gaming Commission (NYSGC) released a 29-page Q&A between potential sports betting applicants and the commission. The Q&A concerned […]
