Welcome to iGB’s State of the Union: North American Sports Betting Highlights
As the landscape of North American sports betting continues to evolve, we take a closer look at some of the biggest stories of the week. From high-profile disciplinary actions to regulatory changes, the latest developments shed light on the intricate world of sports betting. Here’s a roundup of key events that caught our attention.
VA Tech Dismisses Player Amid Temple Betting Probe
One of the most significant incidents this week involved Virginia Tech’s dismissal of point guard Hysier Miller, previously a transfer from Temple, due to a brewing sports betting investigation surrounding the Temple basketball program. According to Sports Illustrated, the UAB vs. Temple game last spring drew scrutiny for "suspicious activity" as flagged by US Integrity.
Miller, who had an impressive season averaging 16 points per game, struggled during the flagged game, contributing only eight points while committing three turnovers. Despite Temple’s rocky season, they advanced to the ACC Championship, during which Miller excelled with a postseason average of 27.8 points per game, leading him to enter the transfer portal afterward. Virginia Tech’s official statement hinted at prior circumstances leading to Miller’s dismissal, though they offered no further details. The Hokies are poised to officially kick off their season against Delaware State on November 4.
Big Changes at IC360
This week also marked a significant shift in personnel at IC360, the result of a 2023 merger between US Integrity and Odds on Compliance. Reports from SBC Americas indicated the unexpected departure of CEO Matt Holt, just as the company welcomed former New Jersey gambling regulator Dave Rebuck as an advisor. Rebuck’s experience is invaluable, having played a pivotal role in launching online gambling and sports betting in New Jersey, which could help steer IC360 through the evolving regulatory landscape.
Rebuck’s appointment signals a strategic move towards strengthening the company’s compliance monitoring services in the dynamic sports betting arena.
NFL Bets Ban in Illinois
On the regulatory front, the Illinois Gaming Board (IGB) announced a temporary suspension of certain NFL bets at the league’s request during their recent meeting. This decision affects wagers that could be deemed predetermined or easily influenced by individual actions, like bets on player injuries or officiating decisions.
In parallel, the IGB expedited the transfer of Fairmount Park’s wagering license from FanDuel to Accel Entertainment, which plans to open a racino. Additionally, new regulations aimed at preventing human trafficking in casinos were approved, further solidifying the state’s commitment to ensuring a safe betting environment.
Potential Settlement in DraftKings Exec Lawsuit
The ongoing legal tussle between DraftKings and former executive Michael Hermalyn may soon reach a resolution. Both parties indicated during court proceedings that they are negotiating a potential settlement. Hermalyn’s departure from DraftKings to Fanatics has stirred controversy, with claims of him taking confidential information to a rival. As a one-day trial approaches in November, there are signals that Hermalyn may emerge victorious, which could nullify the non-compete clause preventing him from engaging with DraftKings customers before it expires in February 2025.
Bovada Fined in Tennessee
In a notable enforcement action, Tennessee’s Sports Wagering Council imposed a $50,000 fine on Bovada for operating without a license. The Council urged Tennessee bettors to withdraw their funds from the offshore sportsbook, emphasizing that accessibility doesn’t equate to legal approval to operate within the state. This serves as a reminder of the ongoing battle against unregulated sports betting in the U.S.
More Violations in Massachusetts
Regulatory scrutiny was also evident in Massachusetts, where both BetMGM and FanDuel faced potential penalties for accepting illegal wagers on LPGA events prior to approval of such betting in the state. While BetMGM accepted $1,600 in bets, FanDuel took in a whopping $78,000 before the law changed in June 2023. The Massachusetts Gaming Commission is now deliberating on whether to proceed with adjudicatory hearings against the sportsbooks.
In Other News…
- A federal judge dismissed Robert Cipriani’s lawsuit against Resorts World Las Vegas concerning a previous case associated with money laundering.
- PrizePicks received approval to operate fantasy sports contests in Delaware and Missouri, expanding its reach in the competitive market.
- California’s Lake Elsinore Hotel and Casino faced a $900,000 fine for repeated anti-money laundering violations over an extended period.
In Case You Missed It
For those wanting more insights into sports betting, check out our latest articles:
- Muruelo Gaming’s Public Funding Plans
- Tribes and Commercial Operators Unite Against Sweepstakes
- The Future of US iGaming: Focus on Financials
This week has been eventful for North American sports betting, reflecting the ongoing regulatory adjustments and the implications of sports integrity. As the landscape continues to change, stakeholders must remain informed and prepared to adapt to new developments in this dynamic field.
