Betting
Sportsbooks refund losing wagers on UFC fight after suspicious activity
Caesars Sportsbook and William Hill sportsbook “refunded losing wagers on a UFC fight in Las Vegas on Saturday night after suspicious betting line movement before the bout.” Fighter Isaac Dulgarian “reportedly dropped from a favorite of about -250 to about -160 over Yadier del Valle in the hour lead...
Sportradar closes deal to acquire IMG Arena
Sportradar has completed its deal to acquire IMG Arena from Endeavor, which adds rights to distribute official data from more than 70 rightsholders -- including Wimbledon, the U.S. Open tennis tournament, PGA Tour and MLS -- to its portfolio. The agreement was first announced in March.
Fanatics’ Matt King calls betting scandals proof the legal market is working
Fanatics Betting & Gaming CEO Matt King said from his perspective, when you look at the NBA’s sports betting scandal, it shows the “legal market working.” King, appearing on “Squawk Box,” said the reason people got caught “was because there is a legal market and we were able to see it quickly.” ...
U.S. Reps. question NCAA’s Baker on pro sports betting policy
NCAA President Charlie Baker was asked to “provide more information about the association’s plans to allow college athletes to bet on professional sports.” U.S. Reps. Brett Guthrie (R-Ky.), John Joyce (R-Pa.) and Gus Bilirakis (R-Fla.) of the Energy and Commerce Committee in a letter to Baker publis...
Breeders’ Cup sees increased betting handle for Saturday races
Total commingled betting on the nine Breeders’ Cup races held on Saturday at Del Mar Thoroughbred Club in Southern California was “up 6 percent compared to wagering on the same nine races last year,” when the event was also held at Del Mar. This “reversed a nearly 11 percent decline in handle on the...
SBJ Betting: Preventing the next gambling scandal before it starts
The October 31 edition of the SBJ Betting newsletter looks at the legal safeguards in place to stop more betting scandals such as the one rocking the NBA right now and how better regulation may be the key to stopping the next one.
Holt pitching new way to chase illegal offshores and unlicensed sites
A quick catch-up on what Matt Holt has been up to since departing IC360 last year is in order.
Fanatics’ King: ‘The first step ... is actually legalizing sports betting, period’
Like Holt, Fanatics Betting and Gaming CEO Matt King used the question of what could be done to reduce the integrity risks of props to concede that there are adjustments worth considering -- but quickly spun to what he saw as broader regulatory problems.
Legal market safeguards only work when there are licensed markets
When I asked sports betting integrity firm founder Matt Holt what could be done to lessen the integrity risks around player prop bets that would be preemptive, rather than reactive, earlier this week, I was surprised that he didn’t start by suggesting limits on bet size, as he had in previous conver...
Leagues taking another look at risks involving player prop bets
A few hundred feet from a Rogers Centre outfield sign featuring Toronto Blue Jays sportsbook sponsor theScore Bet, MLB Players Association head Tony Clark addressed the heightened attention now paid to the ever-growing menu of player prop bets that the union saw as a concern “from Day 1” of sports b...
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Quote of the Day
I made it clear to the teams. I’m not tapping the general revenue fund until we look at these other concepts.-- Cleveland Mayor Justin Bibb, on his plan to create a special financing district that could collect fees as a way to generate revenue to help maintain Progressive Field and Rocket Arena.
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