Underdog Fantasy, a rapidly growing sports gaming company based in Brooklyn, New York, has announced a successful Series C funding round, raising $70 million in the initial close. This investment brings the company’s valuation to $1.23 billion, a significant increase from its Series B valuation of $485 million in 2022. The funding round, which could total more than $100 million, is led by Spark Capital, a major...
The Alberta government is advancing plans to regulate online gambling by opening the market to private operators, an effort that officials say will enhance player protection and reclaim revenue that is currently being lost to offshore companies. A new bill, the iGaming Alberta Act, was introduced by Service Alberta Minister Dale Nally, proposing the creation of a Crown corporation called...
BetMGM Canada has been hit with a substantial $110,000 fine by the Alcohol and Gaming Commission of Ontario (AGCO) for violating key rules governing internet gaming in the province. The fine stems from incidents where BetMGM used third-party marketing companies to offer cash incentives to new players in exchange for signing up and making a deposit. This violates Ontario’s strict regulations regarding high-risk inducement advertising in...
The Oklahoma Senate has approved a bill that could bring legal sports betting to the state, allowing both tribal casinos and the NBA’s Oklahoma City Thunder to participate in the market. The proposal, Senate Bill 585, now moves to the Oklahoma House of Representatives for further deliberation. SB 585, sponsored by Sen. Bill Coleman (R-10) and Rep. Ken Luttrell, initially...
Sports Illustrated is venturing into the world of prediction markets with the launch of a new platform, SI Predict, in partnership with the UK-based digital marketing company Galactic. The innovative platform will allow users to place bets on various aspects related to sports events—though with a significant difference: it won’t involve betting on the outcome of games. Instead, SI Predict will focus on markets such as...
Houston billionaire Tilman Fertitta has announced his intention to step down as CEO of Landry’s Inc. and several other business and nonprofit positions should he be confirmed as the U.S. Ambassador to Italy and San Marino. This decision was outlined in a letter he sent to the U.S. Office of Government Ethics on March 16, where he detailed his plans...
Massachusetts regulators have launched an investigation into Robinhood’s latest venture, a prediction-markets hub that allows users to place bets on the outcomes of the NCAA’s March Madness basketball tournaments. The move has drawn concerns from state officials, who question whether the trading platform is blurring the lines between investing and gambling. Secretary of the Commonwealth Bill Galvin issued a subpoena...
The Texas-based Lodge Card Club recently announced an exciting development, with two prominent figures in the poker world, Ethan “Rampage” Yau and Nikhil “Nik Airball” Arcot, joining as investors. This strategic move is part of the club’s ongoing effort to cement its status as a top destination for poker enthusiasts. Strategic expansion with high-profile names: Ethan Yau, known as “Rampage” to his 328,000 YouTube subscribers,...
Nolimit City is once again pushing boundaries with the launch of Mental II, the much-awaited sequel to its highly popular online slot, Mental. Released on March 25th, 2025, Mental II revisits the unsettling psychiatric asylum theme that made the original slot famous. Retaining the dark atmosphere players loved, the game introduces fresh gameplay elements and new features, further amplifying the intensity and volatility. A darker journey into...
PhilWeb Corporation, a prominent eGames service provider listed in the Philippines, has officially dismissed rumors that it is considering a backdoor listing for the online gaming platform PlayTime. This response comes after speculation led to significant market reactions affecting PhilWeb’s stock value. Clarification amidst stock fluctuations: In a recent disclosure to the Philippine Stock Exchange (PSE), PhilWeb addressed concerns arising from an article published...