Sports Betting

Maryland sports betting

What Baltimore Sun Editorial Missed On Maryland Sports Betting Vote

Sen. Craig Zucker is confident he would have had a complete Maryland sports betting bill for this year’s referendum had the coronavirus pandemic not shut everything down. Everything did shut down, though, including the Maryland legislature in Annapolis. That left Zucker to strip the bill and instead made this year’s referendum a yes/no vote on […] Read More
Posted on: October 7, 2020 | Regulation Sports Betting | Matthew Waters

Could 5Dimes Settlement Signal Change In Federal Approach?

The U.S. Department of Justice has a long and sometimes colorful history of investigating and prosecuting offshore sports betting operators.  Remember Blue Monday when then-United States Attorney Rod Rosenstein shut down multiple online sportsbooks in 2011 and seized 10 domain names, including Last week, the Justice Department added another entry to its ledger of […] Read More
Posted on: October 6, 2020 | Opinion Regulation Sports Betting | Ryan Rodenberg

5Dimes Says Regulators Key To Next Steps After Fed Deal On Criminal Investigation

5Dimes is on the hunt for a regulated CEO as the former offshore book continues its transition to the regulated market. The company last week announced a $46 million settlement with the US Department of Justice that clears the 5Dimes assets of legal restrictions. The settlement wrapped a years-long federal investigation of 5Dimes including illegal […] Read More
Posted on: October 6, 2020 | Regulation Sports Betting | Brad Allen
Barstool Sportsbook

Barstool Sportsbook Parent Joins Sports Betting Cash Race

Another day, another sportsbook operator getting nearly $1 billion from the public markets. This time, it’s newcomer Barstool Sportsbook. Penn National sold 16.1 million shares at $61 each to raise $982.1 million in gross proceeds. The regional casino operator used standard language in its SEC Form 8-K detailing the transaction, stating general corporate purposes that […] Read More
Posted on: October 1, 2020 | Sports Betting | Matthew Waters

5Dimes Admits Illegal US Sports Betting Operation In $46 Million Settlement With Feds

5Dimes and the U.S. Department of Justice reached a $46.8 million settlement of an investigation into illegal US sports betting operations, as well as money laundering and wire fraud. The company announced an intent to enter the US sports betting market following the deal, although state regulators likely will balk at the long list of […] Read More
Posted on: September 30, 2020 | Regulation Sports Betting | Matthew Waters
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