News

A day after slumping following publication of a bearish report by Hindenburg Research, DraftKings stock (NASDAQ:DKNG) is rebounding modestly Wednesday. Several analysts are defending the sportsbook operator, along with the support of a well-known investor. ARK Investor founder Cathie Wood, seen above. Her firm bought more DraftKings stock following release of a bearish research report. …

A recent poll found that more than half of the UK public supports a complete ban on advertisements related to gambling.  A Ladbrokes logo on the Celtic F.C. jersey of the Scottish Professional Football League. A poll finds that a majority of people in the UK want fewer gambling advertisements in sports, and on television, …

YouTube announced this week that it is no longer accepting advertisements for its website’s homepage masthead from companies marketing gambling.  A Ford advertisement on the YouTube masthead. The video-sharing site is no longer allowing marketing spots from sportsbooks and companies highlighting gambling products. (Image: MarTech) YouTube’s masthead ads are the commercial spots site users see …

Shares of DraftKings (NASDAQ:DKNG) are sliding Tuesday after noted short-selling activist Hindenburg Research published a lengthy report. The report alleges the gaming company’s SBTech unit operates in jurisdictions where sports betting is illegal, and may have connections to money laundering and organized crime. Hindenburg Research founder Nathan Anderson, seen above. A new report from his …

James Holzhauer, the professional gambler who became a household name thanks to a historic run on Jeopardy!, is set to make his writing debut for The Athletic. He is expected to write a sports betting column. Media reports on Monday indicate that former Jeopardy! champion James Holzhauer will begin writing a sports betting column for …

Phil Mickelson made history on Kiawah Island at the PGA Championship last month when he became the oldest man to win a major. Now, with the world’s best players arriving in Southern California at Torrey Pines, a slew of golf bettors are hoping the nearly 51-year-old will deliver another round of heroics.  Phil Mickelson is …

BlueBet, an upstart Australian sportsbook operator, is nearing an initial public offering (IPO). The proceeds could drive the company’s domestic and US expansion efforts. BlueBet founder Michael Sullivan, seen in his office above. The company is readying an Australian IPO and launch in the US. (Image: The Australian) The operator is slated to list shares …

Five months after announcing a partnership with the Washington Nationals, BetMGM is ready to play ball in the nation’s capital. Pitcher Stephen Strasburg of the Washington Nationals warms up before an Aug. 9, 2020 game against the Baltimore Orioles at Nationals Park. BetMGM announced Thursday its mobile sports betting app is live in and around …

Fifteen Washington State tribes are significantly closer to offering athletic wagering following a key vote. Sports betting could be in place by the end of August in time for the beginning of the 2021 NFL season. Washington State Gov. Jay Inslee shown here. Inslee needs to sign amended compacts to allow sports betting at tribal …

A Baton Rouge television station has partnered with the Vegas Sports Information Network (VSiN) to air sports betting information in the capital city. Louisiana’s governor is expected to sign a bill soon to allow sports wagering in the state. LSU head coach Ed Orgeron leads the LSU Tigers in pre-game drills prior to a 2020 …