FanDuel’s lawsuit reinstated in New York
The New York State Court of Appeals reinstated a lawsuit filed by FanDuel's founders against a powerful group of current stockholders.In 2018, FanDuel joined with the...
North Carolina launches legal sports betting
Today at 12:00pm, North Carolina is going to permit sports betting. This implies that sports wagering is already available online, with in-person betting to follow.
In June of last year, the state enacted a legislation allowing betting, but there were regulations that needed to be followed before it could begin. They included establishing regulations by the eighth of January 2024, and enabling betting by operators by the fourteenth of June 2024. Since the state complied with these criteria last month, betting is now permitted earlier than anticipated.
Major Operators Set to Go Live Today
Eight major businesses, including FanDuel and DraftKings, were granted licenses to provide sports betting. They’ll take bets starting from today. These businesses joined together with state-based sports teams or leagues to provide betting. A few businesses have also formed alliances with other sports-related entities, such as ESPN Bet and the PGA Tour of golf.
In addition to these businesses, several companies obtained licenses to offer services to the bookmakers. For instance, North Carolina wagering operators can obtain sports data from GeoComply, SBTech, and Sportradar. Fifty-six analogous licenses in the United States and Canada are now held by Sportradar.
DraftKings acquires Jackpocket in a $750M deal
On May 23rd DraftKings completed the $750 million acquisition of lottery courier Jackpocket.The company stated that this transaction will strengthen its capacity to...
