John Holden, Author at Legal Sports Report

Analysis: Opening Briefs Of Florida Sports Betting Compact Appeal Drop

The opening briefs in the appeal of the decision that ended the brief emergence of regulated sports betting in Florida have been filed. The Department of the Interior and the Seminole Tribe of Florida filed briefs laying out their arguments for the appeal. The District Court for the District of Columbia ruled in November 2021 […] Read More

Posted on: August 17, 2022 | | John Holden

The End Of PredictIt Election Betting Is Around The Corner

The only legal election betting market in the United States is going away. On August 4, the Commodities and Futures Trading Commission (CFTC) published CFTC Letter No. 22-08. The letter regards the withdrawal of CFTC Letter No. 14-130. What was letter 14-130? Well, that was the letter that was the regulatory genesis for the PredictIt […] Read More

Posted on: August 15, 2022 | | John Holden

UK Gambling Study Could Hold Clues For US Sports Betting Market

The US sports betting market might be able to take some clues from a recent deep look into its forerunner in the United Kingdom. A June headline on The Guardian website read, “Gambling Losses in Online Gaming Very Skewed to Deprived Areas-UK Study.” That is obviously an alarming lede, as one of the biggest concerns […] Read More

Posted on: July 13, 2022 | | John Holden

Opinion: Cry Me A River Over NY Sports Betting Tax Rate

The talk of tax rates on NY sports betting revenue continues well into this summer. In a recent story from Front Office Sports, it was reported that New York sports betting operators are unhappy with the 51% tax rate in New York and the strict rules that prohibit the deduction of promotions. This is, of […] Read More

Posted on: July 12, 2022 | | John Holden

PayPal Seizure Case With Gaming, DFS Implications Goes To Arbitration

A federal court case in California involving PayPal could have implications for the gambling and fantasy sports markets. Earlier this month, the U.S. District Court for the Northern District of California in San Jose granted a motion filed by PayPal attorneys to have a potential class-action lawsuit proceed as individual arbitrations. Background on PayPal case The case […] Read More

Posted on: June 28, 2022 | | John Holden

FIFA Corruption Trial Underway Before First World Cup With Widespread US Sports Betting

The FIFA World Cup is right around the corner, with the tournament getting underway a little later than past events to mitigate some of the brutal Qatar heat. This year’s first matches are scheduled for November 21, with the finals slated to take place December 18. Controversies surrounding the Qatar World Cup have been going […] Read More

Posted on: June 24, 2022 | | John Holden

Opinion: Finding Happy Medium In Sports Betting Advertising Regulation

Across North America, we have seen sports betting advertising restrictions take two divergent approaches. Through much of the US sports betting market, regulators have been willing to give operators extensive latitude to advertise, to the point that even the biggest advocates are likely annoyed by ubiquity of advertising in many states Just north of the […] Read More

Posted on: June 10, 2022 | | John Holden

Opinion: Ontario Sports Betting Needs Revenue Transparency To Succeed

With a June 2 election in Ontario approaching the province is possibly in for a change – or maybe not. One question hanging over the province right now is, where are the sports betting numbers? Most jurisdictions have been reporting the previous month’s revenue numbers within two to four weeks of the close of business […] Read More

Posted on: May 27, 2022 | | John Holden

Opinion: Sportsbooks Might Hate It, But NY Winning Sports Betting Game

There has been a lot of griping about the exorbitant NY sports betting tax rate and outrageous licensing fees. (The equivalent tax rate happens to be the same as Delaware and Rhode Island, which awarded monopolies to DraftKings with little uproar.) One might have expected things to settle down after New York sports betting actually […] Read More

Posted on: May 26, 2022 | | John Holden

Opinion: Reflecting On Four Years Of Sports Betting Since Fall Of PASPA

When Supreme Court Justice Samuel Alito and his colleagues struck down the Professional and Amateur Sports Protection Act (PASPA) four years ago this month, it was a monumental day for sports in the United States. For the first time in 25 years, states other than Nevada were allowed to offer sports betting products that people […] Read More

Posted on: May 23, 2022 | | John Holden