North America

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..

BetMGM added to its recent regulatory penalties with a hefty fine levied by the Pennsylvania Gaming Control Board (PGCB) for violations from over two years ago.

On Wednesday, the PGCB announced an agreement with BetMGM to fine the operator $100,000 for a failure to “prevent fraudulent behavior.” The fraudulent behavior took place while players used both the BetMGM and Borgata online gaming brands in 2023 and 2024.

The illicit activity included the creation and use of multiple player accounts by people using the identify of other individuals. A portion of the player accounts was also funded “using stolen or fraudulently obtained payment devices.”

The PGCB’s Office of Enforcement Counsel investigation into BetMGM’s “insufficient” know-your-customer protocols discovered the operator hosted four individual fraud rings.

One of the fraud rings operated for 29 months until November 2023 and used 119 fraudulent accounts to wager $895,092.

The PGCB’s probe identified 304 illicit accounts t..

Colorado lawmakers, licensed sportsbooks, gaming regulators and more industry stakeholders spent four hours on Tuesday debating Senate Bill 26-131, a wide-ranging measure that aims to protect against “abusive practices” in sports betting.

Amid the lengthy debate in the Senate Finance Committee on March 17, including discussion of measures that attempt to limit sports betting advertising, one question featured prominently throughout the afternoon: Should Colorado try to ban prop betting?

Section five of SB 26-131 would explicitly prohibit any licensed online sports betting operator from offering wagers on “any outcome other than the final result or score”, regardless of whether they are placed before or during the game.

The Finance Committee ultimately passed SB 26-131 by a narrow 5-4 vote and was sent to the Appropriations Committee, but not before numerous lawmakers, as well as sportsbook representatives, expressed grave concerns.

Colorado sports betting has changed fundamentally,..

The Commodity Futures Trading Commission (CFTC) delivered the first piece of its promised new guidance on prediction markets on Thursday, and devoted a large chunk of its public notice to highlighting how sports event contracts could be cause for integrity concerns.

In an advisory issued by the CFTC’s Division of Market Oversight (DMO), the commission highlighted that one of the core principles that designated contract markets (DCMs) like Kalshi, Polymarket and Crypto.com must adhere to, Core Principle 3, is only listing contracts that “are not readily susceptible to manipulation.”

In particular, the federal derivatives regulator stressed that certain sports markets must be considered carefully as the explosion of sports event contracts continues across the U.S.

“As front-line regulators, DCMs should be proactive, ensuring proper surveillance and oversight of trading in all of the products that they list, accounting for the particular characteristics and attributes of each product,”..

A pair of House members from Utah and California are the latest lawmakers to make a legislative attempt to change how prediction market platforms can offer event contracts.

Reps. Blake Moore and Salud Carbajal introduced the Event Contract Enforcement Act, legislation that would require the Commodity Futures Trading Commission (CFTC) to prohibit the delivery of certain event contracts to the public. The measure proposes amending the Commodity Exchange Act to ban event contracts tied to terrorism, assassinations, war, gaming, elections and government activities.

Carbajal and Moore said they introduced the act to protect Americans from safety and national security risks associated with “problematic” event contracts and to prevent sensitive information from being used for insider trading.

“Under-regulated prediction markets are creating an environment ripe for insider trading. The monetization of military activities or election processes threatens our national security and further erod..