SBC Americas

Senators in Colorado voted on Tuesday to advance a sports betting reform bill to the full chamber floor, but not before they struck a proposed ban on prop bets from the legislation.

Senate Appropriations Committee members voted narrowly 4-3 to advance the bipartisan Senate Bill 26-131 to the Committee of the Whole on April 21. It could be read at second reading there as early as April 23.

The bill, which has one Democrat and one Republican sponsor attached in both the Senate and the House of Representatives, is a wide-ranging responsible gambling bill aimed at implementing more safeguards and limitations on how licensed sports betting platforms can operate in the state.

Prop bet ban would cost too much

However, before the committee passed it on Tuesday, members approved an amendment via a 5-2 vote that scratched a proposed ban on prop wagers.

The original form of the bill proposed defining a proposition bet as one that is made on an individual athlete’s performance, a specific off..

New York Attorney General Letitia James is taking legal action against Coinbase over the company’s alleged operation of illegal gambling in the Empire State.

According to court documents, James is suing Coinbase for allegedly running an illegal gambling operation in New York through its delivery of event contracts. The AG alleges that Coinbase facilitates illegal gambling by operating in the state without a gaming license from the New York State Gaming Commission. As a result, James is seeking a court order to require Coinbase to pay a monetary penalty, forfeit “illegal profits,” and pay restitution.

“Gambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution,” said James in a press release.

In the suit, the AG directly points to Coinbase’s sports event contracts, which are considered illegal gambling activity as the company does not hold a gaming license. James provides specific examples of how the event contracts resemble..

Maine Gov. Janet Mills signed numerous pieces of approved legislation in recent days as the state’s two-year legislative session nears its April 15 end date. In doing so, she has made several notable changes to the state’s gambling industry.

Mills’ signatures have officially banned sweepstakes casinos, the use of credit cards for gambling, and bulk lottery ticket sales in the Pine Tree State.

Her latest approvals come after she allowed the state’s approved legalization of online gaming to become law in January, albeit in that particular instance, she did so by abstaining from either a signature or a veto. Maine’s proposed iGaming model is being challenged in court by Oxford Casino operator Churchill Downs Inc.

LD 2007 bans sweepstakes casinos

Mills signed Legislative Document 2007 on Monday. That bill, put forth by the state Department of Public Safety, explicitly bans dual-currency online sweepstakes that offer products resembling casino gaming, sports wagering, or other gambling ..

The Michigan Gaming Control Board (MGCB) is continuing to crack down on unlicensed sports betting and online casino operators accepting customers in the state.

The MGCB announced the issuing of cease-and-desist orders to 45 unlicensed gambling operators that offer either online casino gaming or sports betting to residents and visitors in Michigan. The regulator issued the C&D orders after initiating a series of investigations.

The probes found that the platforms operate in Michigan without state gaming licenses, providing a lack of consumer protection and responsible gaming standards to customers.

“The scope of this action sends a clear message: Michigan will not tolerate illegal operators targeting our residents or undermining the lawful businesses that have invested in complying with state law,” said MGCB Executive Director Henry Williams.

“Our investigators work with unwavering focus to identify, document, and act against every unlicensed site that puts Michigan players at risk…

EDGE Boost and Choctaw Casinos & Resorts are collaborating to deliver a new funding option that promotes responsible and safe financial transactions for players.

Choctaw Casinos & Resorts and responsible gaming-focused solution EDGE Boost have expanded their existing partnership to offer a new cashless funding option for brick-and-mortar wagering. The expanded deal allows EDGE Boost account holders to withdraw cash directly at Choctaw Casinos & Resorts, dissolving a need for customers to carry large amounts of money when visiting Choctaw Casinos & Resorts’ portfolio of properties.

EDGE Boost, powered by EDGE Markets, allows its Visa debit card owners to withdraw cash directly at betting cages and kiosks at Choctaw Casinos & Resorts properties. As part of the pact, EDGE Boost cardholders can withdraw up to $1m per day at the retail casinos.

“Our focus is on making the guest experience as smooth and enjoyable as possible,” said Choctaw Nation of Oklahoma Senior Director of Cage, Credi..

BetMGM is the latest gambling operator to confirm it will prevent its customers from using credit cards to fund player accounts for online wagering.

During a regulatory hearing in Pennsylvania this week concerning several issues, including its recent fine in the state, the MGM Resorts and Entain joint venture disclosed that it will soon stop allowing credit card usage across digital sports wagering and online casino gaming.

BetMGM will begin phasing out credit cards in markets where it is licensed to operate from March 31. The new policy will prohibit the use of existing credit cards linked to player accounts for funding, as well as prevent the linking of new credit cards to accounts.

SBC Americas reached out to BetMGM for comment on the new policy.

BetMGM joins competitors with a ban on credit cards

BetMGM will join other online gaming giants in the U.S. in prohibiting the use of credit cards for gambling.

Last August, DraftKings stopped accepting credit card deposits for its s..

BetMGM is the latest gambling operator to prevent its customers from using credit cards to fund player accounts for online wagering.

The MGM Resorts and Entain joint venture plans to no longer allow its customers to use credit cards to fund their accounts for online sports wagering and online casino gaming.

BetMGM will impose a credit card ban in markets where it is licensed to operate starting March 31. The nationwide ban on credit card funding will be deployed on a roll-out basis.

The new policy from BetMGM will prohibit the use of existing credit cards linked to player accounts for funding, as well as prevent the linking of new credit cards to accounts.

BetMGM first disclosed its plans to ban credit card funding during a regulatory hearing in Pennsylvania concerning several issues, including recent violations by the operator.

SBC Americas reached out to BetMGM for comment on the new policy.

BetMGM joins competitors with a ban on credit cards

BetMGM is adding to recent credit ..

The New York Assembly gave final approval on Tuesday to a bill that would require the state’s licensed online sportsbooks to provide customers with monthly statements outlining their wagering activity.

After Assembly BillA10329 was unanimously advanced with a favorable report by an 11-0 vote in the Assembly Racing And Wagering Committee on March 11, the full chamber gave it the green light during the chamber’s floor session on March 24 and it has now been sent over to the state Senate.

If it were to pass the opposite chamber and be signed into law by Gov. Kathy Hochul this year, it would become effective Jan. 1, 2027.

What would each New York betting statement include?

Democrat Assemblymember Rebecca Kassay’s bill would amend the Empire State’s racing, pari-mutuel wagering and breeding law to mandate that sports betting operators must send every authorized sports bettor a monthly account activity statement via push notification.

Somewhat resembling the kind of monthly statements..