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The California Teachers Association (CTA), one of the largest public-sector unions in California, has come out against the proposed referendum to legalize online sports betting in the state. California Teachers Association President E. Toby Boyd speaks during the union’s State Council of Education meeting in March. The CTA’s council has voted to oppose a measure …

Politicians in Poland are hoping to force the country’s Ministry of Finance to change the tax structure for sports betting activity. They want a tax on gross gaming revenue (GGR) instead of on turnover. The flags of Poland and European Union flying in front of the Polish parliament in Warsaw. Government officials are pushing for …

Betting on Saturday’s Preakness Stakes dropped by 5% from a record 2021, according to figures published by Pimlico Race Course. Early Voting, with jockey Jose Ortiz aboard, wins Saturday’s Preakness Stakes at Pimlico Race Course in Baltimore. Betting for the race, the second jewel in thoroughbred racing’s Triple Crown, was down about 5% from last …

The Massachusetts sports betting debate in the state Legislature is headed for a conference committee. That’s after the legislative chambers remained deadlocked regarding the regulatory specifics of the expanded gambling. DraftKings’ corporate office in Boston in 2020. Massachusetts sports betting discussions are entering a conference committee in hopes of Senate and House lawmakers ironing out …

New Jersey sports betting advertisements are flooding television and radio commercial breaks. One state lawmaker says such marketing is giving way to an increase in problem gambling. A DraftKings sports betting billboard advertises a low-risk promotional bet along a New Jersey highway. New Jersey Assemblyman Ralph Caputo is of the opinion that there are too …

Minnesota sports betting discussions continue in Saint Paul, but the clock is ticking on the Legislature’s 2022 session. Minnesota Senate Major Leader Jeremy Miller during a 2021 legislative session. Miller hopes to get a sports betting bill passed before the state legislature adjourns for 2022 later this month. (Image: Star Tribune) On Thursday, the Minnesota …

Chelsea FC is getting ready to become part of DraftKings’ empire. It’s also taking a chance on a cryptocurrency sponsor. Kai Havertz celebrates his first goal as part of a Premier League team, Chelsea FC. The club is onboarding cryptocurrency platform WhaleFin as it seeks new sponsorships. (Image: Getty Images) Chelsea CF is following in …

DraftKings (NASDAQ:DKNG) is extending its lengthy slide Friday, even after the online sportsbook operator posted first-quarter results that beat estimates and lifted its 2022 revenue outlook. A DraftKings sportsbook in New Hampshire. The stock is slumping today despite strong 2022 sales guidance. (Image: Nashua Telegraph) In midday trading, the shares are off 6.1%, extending the …

DraftKings (NASDAQ:DKNG) stock is getting a much-needed lift after Morgan Stanley issued constructive comments on the battered online sportsbook operator. Morgan Stanley analyst Thomas Allen in a 2016 CNBC interview. The bank is bullish on DraftKings stock. (Image: CNBC) DraftKings is higher by more than 5% in midday trading, though that’s barely enough to dent …

Missouri sports betting legalization odds lengthened greatly this week after state Senator Denny Hoskins (R-Warrensburg) filibustered two pieces of relevant legislation. Missouri Senator Denny Hoskins in a photo posted to his Twitter expressing his support for a wide-reaching piece of legislation addressing education, sports, and immigration. Hoskins wants to legalize sports betting in his state, …