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DraftKings (NASDAQ:DKNG) CEO Jason Robins would like his company to accept cryptocurrency as a form of payment. But state regulators aren’t allowing it. DraftKings CEO Jason Robins at a conference in 2016. He wants to take crypto as payment, but states aren’t allowing it. (Image: YouTube) Robins made the comments at an event sponsored by stock trading app Public on Wednesday. He didn’t specify which digital assets the company would like to take as a form of payment. Bitcoin is, by far, the largest digital asset, with a market capitalization of $695.33 billion. Nor did the DraftKings boss specify if he’s hoping to take crypto as payment for daily fantasy …

Some £3.5 million ($5 million) held in a Football Index “player-protection account” can now be redistributed to 280,000 former customers of the stricken soccer trading platform, London’s High Court has ruled. Football Index was a highly visible brand in UK soccer, sponsoring the jerseys of English Football League team Queens Park Rangers (pictured). (Image: Scottish Sun) The account was held by a third party and kept separate from the company’s operating costs. It will now be turned over to administrator Begbies Traynor to reimburse players who still had funds on the platform when it collapsed in March. It’s a drop in the ocean compared with the estimated £100 million ($138 …

Louisiana Gov. John Bel Edwards (D) has signed a bill setting tax rates for sports betting in the state. This puts Louisiana closer to being the only state in its immediate vicinity with mobile sports betting, possibly by football season. Saints fans cheer on the popular NFL football team based in New Orleans. Legislation to allow sports betting is expected to be approved at the Capitol in Baton Rouge in time for football season. (Image: Sports Illustrated) Earlier this month, Edwards signed House Bill 697 by Rep. John Stefanski (R). Now known as Act No. 80, reports say it sets a 10 percent tax rate on sports bets placed inside …

A gambler who took part in the 2004 killing of a Long Island bookies’ runner has finally admitted his culpability in the case, Newsday reports. Mark Orlando photographed in 2004, shortly after he helped murder bookies’ runner Bobby Calabrese. (Image: Newsday) Mark Orlando, then 33, lured Bobby Calabrese, 24, to a deserted industrial area in Island Park, between the mainland and the island of Long Beach. Orlando had promised to hand over a $17,000 gambling debt to the younger man. But he had no intention of paying. Instead, he and another man, Herve Jeannot, ambushed Calabrese. Orlando held the victim while former US Marine Jeannot shot him once in the …

Detroit commercial casino revenue remains below pre-COVID-19 levels.  MotorCity Casino Hotel in downtown Detroit. The casino is one of three commercial gaming properties that combined last month to win $109.7 million. (Image: MotorCity) The three brick-and-mortar gaming floors won $109.7 million last month, $16.1 million less than what they did in May of 2019.  MGM Grand Detroit, MotorCity, and Greektown were closed throughout May 2020 because of the coronavirus. For comparison, the Detroit casinos won $125.8 million in May of 2019 — 13 percent better than last month.  MGM led the way in May 2021 with $46.1 million, representing a 42 percent market share. MotorCity was next at $39.2 million, …

Efforts to legalize single-game sports betting in Canada gained some momentum late last week, as a Canadian Senate Committee supported a bill set to do just that – and doing so without making any changes or additions. Canadian Sen. Marty Klyne speaks on a single-game sports betting bill during a Banking, Trade, and Commerce Committee meeting Friday. The bill could go before the full Senate for debate as early as Tuesday. (Image PARL Vu/Ca.gov) Stav Nitka, Communications Officer for the Canadian Senate, told Casino.org that the Committee on Banking, Trade, and Commerce passed C-218, a bill sponsored by MP Kevin Waugh (Conservative-Saskatoon-Grasswood). The committee met Friday to take testimony on …

More details are emerging on the looming rebalancing of FTSE Russell equity benchmarks, and there appears to be good news for DraftKings (NASDAQ:DKNG) stock. Traders on the floor of the New York Stock Exchange. DraftKings stock could benefit from Russell rebalancing. (Image: Reuters) Shares of the sportsbook operator are higher by more than four percent in midday trading after Jefferies published research today indicating DraftKings will be one of 10 names to see buying pressure in advance of the Russell rebalance on June 25. The one confusing part of the Russell rebalancing is that FTSE Russell determines size and inclusion based on May 7 prices, thus the top and bottom …

Handicapper Kelly Stewart has been sacked from her new job as a betting analyst for ESPN because of homophobic tweets she made nine years ago. Kelly Stewart claims she resorted to homophobic language in a bid to silence trolls, who targeted her for being a woman in a male-dominated world. (Image: YouTube) Known by her Twitter handle “Kelly in Vegas,” the Kansas native was hired by the broadcaster in early May as an analyst on Daily Wager and other ESPN sports betting platforms. She was to start her new role sometime this month. But Kelly took to Twitter over the weekend to confirm the news and apologize for the “unacceptable and …

A bill to legalize single-game sports betting in Canada is making its way through the country’s Senate, with committee hearings set for Friday and next week. However, there are fears that time may soon run out on the legislation, as rumblings of a snap – or early – election grow louder. The Montreal Canadiens and Toronto Maple Leafs just wrapped up a seven-game playoff series that captured Canada’s attention during the NHL’s Stanley Cup Playoffs. Canadian lawmakers are considering a bill that would legalize single-game sports betting. The bill has the support of the NHL and other professional sports leagues in Canada. (Image: Mark Blinch/NHLI via Getty Images) Canada, like …

With a week left in the Louisiana legislative session, bills to allow sports betting are making their way to the governor’s desk for approval. This means sport betting, including on smartphones, could be legal in the state by football season. Sens. Rick Ward, left, and Page Cortez (both R) address other lawmakers at a legislative hearing this year in Baton Rouge. Both legislators have introduced sports betting bills. (Image: The Advocate) The state House of Representatives on Thursday approved Senate Bill 247 on a 78-15 vote. Sponsored by Senate President Page Cortez (R), the bill would require the state’s 13 riverboat casinos, one land-based casino in New Orleans, and four …