Tag: sports betting
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Betting Busted? March Madness Gambling To Fall, Bank Says
March Madness betting at state-regulated sportsbooks is expected to fall this year, Citizens Bank research reportedly shows. If accurate, it would be the first year-over-year drop since sports betting expanded in the U.S. in 2018. Citizens projected the legal betting handle for the 2026 tournament at $3 billion, a 3% year-over-year decline. A dip in…
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Legalized Sports Betting Linked To Increased Violent Crime Rates, Study Says
Legal, state-sanctioned sports betting is linked to more violent crime, according to researchers at Rice University. Here’s what they found: Violent crime increases by as much as 70% from the start of a game through four hours after its conclusion in states that legalized sports betting. Assaults see the largest jump, up to 93%, after…
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‘Responsible Engagement’ – DraftKings’ New Gambling Addiction Corporate Speak
It appears that “responsible gaming” is no longer in vogue. Here comes “responsible engagement.” Well, at least regarding so-called “prediction markets,” which DraftKings plans to offer soon through its upcoming product, DraftKings Predictions. In a shareholder letter released on Nov. 6, DraftKings CEO Jason Robins explained why his company will enter the prediction market space…
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New Gambling App Wants To Be ‘TikTok Of Sports Wagering’
A Los Angeles-based company called Cheddr said it’s building the “TikTok of sports wagering.” The app is not yet live, but after launch, it will be available in over 40 states, the company’s website states. The company is backed by Andreessen Horowitz (a16z), a Silicon Valley venture capital firm. The website has a graphic showing…
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