SBC Americas

A joint subcommittee in Virginia is weighing whether or not to establish a regulatory agency designed specifically for gaming as the state also considers adding new verticals.

Virginia lawmakers created a joint committee in 2023 to study the feasibility of establishing the Virginia Gaming Commission, which would oversee regulated sports wagering and other forms of commercial gaming. Currently, state-sanctioned sports betting and casino gaming is regulated by the Virginia Lottery. Lawmakers established a joint subcommittee to consider a regulatory body for non-lottery gaming in the wake of concerns regarding the Virginia Lottery’s ability to comprehensively regulate multiple verticals.

“The Virginia Gaming Commission is a step we need to preserve the good, address challenges and build a fair, accountable and prosperous gaming industry for everyone in the Commonwealth,” Del. Paul Krizek told joint subcommittee members on Tuesday.

Virginia’s regulation model for gaming

Under active Vi..

The license-holder of the national problem gambling support hotline 1-800-GAMBLER says it will reject the National Council on Problem Gambling (NCPG) attempts to move the ongoing dispute to arbitration.

The NCPG told SBC Americas and the Council on Compulsive Gambling of New Jersey (CCGNJ) on Aug. 13 that it has filed a request with the American Arbitration Association (AAA) amid an ongoing dispute between the two organizations.

On Aug. 14, the CCGNJ told SBC Americas it will reject the request, calling it invalid and vowing to continue running the resource across the U.S. without the NCPG’s involvement.

Two councils, one hotline

Per the CCGNJ, the New Jersey organization has operated 1-800-GAMBLER nationally since 1983. In the last few years, the NCPG has been running it via a license agreement with the CCGNJ for an annual fee of $150,000. However, since a three-year agreement expired in May of this year, the future of the national resource has been thrown into doubt.

In court do..

A college quarterback is responding to allegations of impermissible sports wagering.

Oklahoma quarterback John Mateer is facing backlash after screenshots of his personal Venmo account were shared with several transactions mentioning sports gambling.

The two transactions were both made in November 2022 while Mateer was a student-athlete at Washington State. One of the transactions had a description mentioning a game between USC and UCLA. In a statement, Mateer denied any wrongdoing as the NCAA bans wagering by players, coaches and team officials on all competitions sponsored by the organization. NCAA guidelines stipulate student-athletes who place bets on their teams or on any sport at their institution could face permanent loss of eligibility.

“The allegations that I once participated in sports gambling are false,” said Mateer in the statement. “My previous Venmo descriptions did not accurately portray the transactions in question, but were instead inside jokes between me and my fr..

When it comes to the national gambling hotline 1-800-GAMBLER, stakeholders extend beyond just the National Council on Problem Gambling (NCPG) and the Council on Compulsive Gambling of New Jersey (CCGNJ). The CCGNJ owns the number and the NCPG licenses it, but there are other major gaming groups invested in its preservation and success.

That is why a trio of major groups have united to ask for some sort of resolution regarding the legal battle around the hotline that emerged last month.

AGA, ROGA and SBA want resolution on the number

The American Gaming Association (AGA) and the Responible Online Gaming Association (ROGA) released a statement to SBC Americas expressing their concern about the phone number’s future and calling for a “joint resolution” between the two groups.

“Any disruption to the 1-800-GAMBLER operations—or worse, a degradation of the helpline’s capacity to deliver timely, culturally competent, and clinically appropriate referrals—would significantly endanger the a..

President Donald Trump’s nominee for chair of the Commodity Futures Trading Commission (CFTC) is reportedly making requests that pose conflicts of interest.

According to a report from The Closing Line, potential CFTC Chief of Staff Kevin Webb asking for CFTC Chair nominee Brian Quintenz to discuss made requests to the gorup regadring “confidential matters” while Quintenz is on the board of directors for prediction market Kalshi. Quintenz, a former CFTC commissioner, plans to relinquish the role if confirmed as CFTC Chair. Quintenz needs committee approval before a full Senate vote.

According to emails obtained through a FOIA request by The Closing Line, Quintenz’s team asked to discuss confidential matters about several topics, including employees on administrative leave, a list of open applications, and seriatims in circulation, a private consideration and voting process by CFTC commissioners.

The list of open applications included in the requests may refer to pending applications ..

DraftKings is launching a new program designed to reward customers when early injuries or events occur during a sports event.

The Boston-based sports betting and fantasy giant announced on Friday the debut of its Early Exit program providing users with cash credits under specific conditions when a player is injured. The conditions include a player exiting a game during a pre-determined early portion of a contest, which varies by sport, due to an injury. The Early Exit program only applies to pre-match wagers and full-game player props placed through DraftKings.

“At DraftKings, we’re committed to delivering an exceptional fan experience while moving at the speed of sports,” said DraftKings CPO Corey Gottlieb. “That means a product that responds to every part of every game, including when a player exits a game early due to an unforeseen injury.”

The Early Exit program also applies to parlay and same-game parlay wagers. It covers professional leagues, which include MLB, NBA, NFL, WNBA,..