(AsiaGameHub) -   Tonight, the No. 3 Michigan State Spartans will face the No. 2 UConn Huskies in the Sweet 16 of the NCAA Tournament. The game is set to begin at 9:45 ET on CBS. This March Madness matchup is must-see television, featuring legendary coaches Tom Izzo and Danny Hurley battling to advance their teams to the Elite 8. As of publication, DraftKings lists UConn as a 2.5-point favorite with an over/under of 136.5. Prior to the line shift, there was considerable two-way betting activity at -1.5, with 51% of the spread handle and 52% of the tickets backing UConn. Best Bet Michigan State vs. UConn: Against the Spread Spartans +2.5 (-118) Michigan State (31-5) relies on point guard Jeremy Fears to drive its offense; he tops the country in assists at 9.4 per game. His exceptional playmaking skills were evident in the Spartans' last contest against Louisville, where he dished out a remarkable 16 assists in their 77-69 victory. In addition to Fears' offensive contributions, Michigan State holds a defensive edge. The Spartans are the nation's best at restricting offensive rebounds, a strength they'll need to maintain this evening. UConn's Tarris Reed (14.2 points per game, 8.9 rebounds per game) and Alex Karaban (13.3 points per game, 5.2 rebounds per game) comprise one of the nation's top front courts. Notably, Reed grabbed 27 rebounds in their first-round win over Furman and added 13 rebounds in their second-round triumph against UCLA. UConn (27-7) tends to commit fouls frequently, which could prove decisive in a contest between relatively evenly-matched teams. The Huskies are ranked 239th in the country, averaging 18 fouls per game. The two squads met in an exhibition match in October, during which Fears converted 10 of 13 free-throw attempts. Overall, Michigan State attempted 44 free throws, making 29 of them. Michigan State shoots 76.5% from the free-throw line, placing them in the top 40 nationally and providing a clear advantage against a UConn team prone to fouling. Pick: Michigan State +2.5 Best Player Prop for Michigan State Spartans Coen Carr OVER 16.5 Points & Rebounds (-104 at FanDuel) In short, Coen Carr has been sensational throughout March Madness. That was Coen Carr’s second nice dunk in under a minute https://t.co/KYsJCGRI68— Michigan State on BTN (@MichiganStOnBTN) March 21, 2026 Carr recorded a double-double in his most recent game against Louisville, tallying 21 points and 10 rebounds. He also surpassed this threshold easily in the opening round against North Dakota State with 17 points and four rebounds. Back one of the nation's premier dunkers to deliver another strong performance tonight. Best Player Prop for UConn Huskies Alex Karaban OVER 12.5 Points (-125 at FanDuel) This betting line appears mispriced and ripe for taking advantage of. Karaban poured in 22 points in the first-round victory over Furman and then dropped 27 against UCLA. Significantly, he took 16 shots in both of those contests. The only other instance where he attempted more shots (18) was in an overtime win versus Providence during the regular season. Additionally, no other UConn player logs nearly as many minutes as Karaban (33.9 minutes per game). Our recommended wager is on Karaban scoring at least 15 points at DraftKings, where that prop is priced at +125 odds. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   During today's reading of New Zealand's new gambling bill, concerns raised by community groups, spearheaded by an opposition MP, regarding comprehensive player safety measures were discussed. Labour politician and party spokesperson, **Lemauga Lydia Sosene**, has emerged as a central advocate for ensuring that community benefits are a significant component of New Zealand's online gambling laws. Sosene and the community organizations she championed secured a victory late last year when the government committed to implementing a compulsory 4% levy on online casino profits, earmarked for public investment, with a future review to consider increasing this rate. The Labour MP now appears to have achieved another success, as her advocacy for robust measures to reduce gambling harm seems to have prompted the New Zealand government to prioritize this aspect in the forthcoming bill, which cleared its penultimate parliamentary stage today. The bill now requires only its third reading approval before receiving Royal Assent, at which point it will be enacted into law and establish the framework for a multi-licence online casino market in New Zealand. Following a review of the current version, which was voted on today, March 27, policymakers have suggested several amendments to strengthen problem gambling regulations before the bill proceeds to another vote. Specifically, clause 39 mandates that operators implement all reasonable measures to minimize the risk of harm from online gambling. The proposed amendment suggests that these measures be directly linked to the procedures outlined in the regulatory framework, thereby preventing any undue confusion. Additional assurances regarding the government's commitment to safeguarding vulnerable populations were recently provided by **Paul James**, Chief Executive Officer of the **New Zealand Department of Internal Affairs**. "We are striving to achieve a balance between effective measures for detecting, preventing, and minimizing harm, while simultaneously ensuring that the regulations are not so stringent as to impede gambling operators' effectiveness, and that New Zealanders feel secure in their decisions to engage with our non-extended gambling options," James stated. "An incorrect balance would lead individuals to resort to the black market, leaving New Zealanders to gamble without any assistance or safeguards," he added. New Zealand is getting ready to issue 15 online gambling licenses by the close of this year, with the **Online Gambling Bill** anticipated to receive Royal Assent and establish the framework for the new market on May 1. Under the proposed schedule, applications for online casino licenses will commence on December 1, with the 15-license market slated to become operational on July 1, 2027. Presently, international gambling firm **Entain** holds an exclusive sports betting license through a franchising agreement with local operator **TAB NZ**. The company has previously indicated its intention to secure three of the 15 available licenses, a move that would provide it with a significant edge in a market abundant with cross-selling prospects. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Betting technology company BoscaSports has broadened its UK capabilities through an acquisition, finalizing terms to acquire video streaming firm 2DB. The Irish firm is specifically focusing on the retail betting sector, noting that the transaction will further solidify its position as a technology provider to licensed betting offices (LBOs). The financial details of the acquisition, such as the purchase price, remain unconfirmed. Nevertheless, Allied Irish Bank (AIB) is backing the move with a loan facility. BoscaSports claims the deal will double its workforce while enhancing its retail and online capabilities. The Irish Times, however, reported that the merged entity is expected to generate €4m (£3.4m) in revenue. “This acquisition is a transformative move for BoscaSports,” said Eugenee Mitchell, the firm’s Chief Executive Officer.  “Combining our capabilities with 2DB’s integrated video streaming and data solutions greatly strengthens our technology infrastructure, our distribution network, and the value we can offer to racecourses, operators, and bettors globally. “We take pride in being an Irish tech success story and are thankful for the support from AIB and RMG as we enter our next growth phase.” Two sectors at a crossroads BoscaSports already has a significant presence in the UK retail betting sector. Key partners of the company include Flutter Entertainment’s Paddy Power, the UK Tote Group, William Hill and Britbet. The company is also a partner to numerous racecourses, with its retail displays used at 86 different tracks across the UK and Ireland. Prominent UK partner tracks include the iconic Ascot Racecourse in Berkshire. “We’re thrilled to announce that 2DB has been acquired by BoyleSports,” said 2DB Managing Director, Steve Boffo. “This is an ideal cultural and strategic fit, and we’re prepared to immediately deliver for our team and customers.” Yet, both British retail betting and horse racing find themselves in a unique and potentially fragile position in 2026. Regarding the former, there have been steady decreases in UK retail betting participation and gross gaming yield over recent years as more individuals shift to online options. For instance, UK Gambling Commission (UKGC) data shows a 2% drop in retail GGY in 2025. There are also ongoing rumors of shop closures, with Paddy Power, one of BoscaSports’ clients, confirming the closure of 257 UK and Irish shops last year. Racing, on the other hand, has faced challenges with fan engagement and attendance for some time, along with the sport’s governing body. As the sport’s finances remain strained, the British Horseracing Authority (BHA) continues to voice dissatisfaction with the government’s choice to maintain the Horseracing Betting Levy at 10%. Nonetheless, retail betting and horse racing received some relief in last year’s government budget. Horse racing was completely excluded from the tax increases announced by Rachel Reeves, Chancellor of the Exchequer, while retail betting will be exempt from the rise in General Betting Duty from 15% to 25% next year. There will certainly be ripple effects from the doubling of online gaming duty to 40%, which has already manifested in the cancellation of racing betting sponsorships, rumors of additional shop closures, and even sales – such as that of William Hill owner evoke. Still, AIB’s support for BoscaSports’ acquisition of a UK betting tech brand might indicate that some analysts perceive a ray of hope for both the British and Irish retail betting market and horse racing sectors. “At AIB, we are proud to back Ireland’s homegrown technology companies as they expand globally,” said Pat Horgan, AIB’s Head of Business Banking – Capital Markets. “Their innovation fuels economic growth, creates high-value jobs, and reinforces Ireland’s status as a top global technology hub.  “Bosca Technologies embodies this ambition, showing how cutting-edge innovation, strong strategic partnerships, and a global focus can achieve success on the international stage.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Fresh information has come to light regarding the case of Israeli military members accused of utilizing confidential knowledge to trade on conflict-based markets via Polymarket. Last month, Israel disclosed the indictment of two people, a military reservist and a civilian. A court-imposed gag order had initially restricted details of the case, but it was partially revoked on Thursday night after a request from multiple media organizations. The men are accused of having placed bets on the timing of Israeli military strikes on Iran in June 2025. As per the indictment, the reservist was informed about the operation during a secret briefing a day before its commencement on June 13 and subsequently alerted his friend. The friend then leveraged this advance knowledge to make bets on Polymarket. The officer is also alleged to have sent a subsequent WhatsApp message immediately prior to the attack, writing, “It’s starting.” Alleged Polymarket Account Flagged Online While the defendants' identities are still withheld, a suspected Polymarket account has been identified online. In January, PredictFolio, a trading tracker associated with Polymarket, stated on X that an account which profited from the strikes the previous year had resumed trading activity. 7 months ago, a possible IDF insider "ricosuave666" predicted the exact day Israel would strike Iran and won $154K.He is now back on Polymarket and started buying a massive position on another Israel strike on Iran by Jan 31. Account:https://t.co/gH1HSdQ16J pic.twitter.com/PQ2UDMsfFC— PredictFolio (@PredictFolio) January 6, 2026 The account was later renamed to rundeep. The user supposedly altered the account name due to concerns about being discovered. PredictFolio asserts that the details revealed this week indicate this specific account was responsible for the purported insider trading. The numbers align. The Times of Israel reported that the two men earned $162,663 from the wager, which they decided to share equally. This amount corresponds to the most profitable bet on the rundeep account. Prosecutors state that details about the timing of the strikes were also shared with five other friends. The officer faces further accusations of leaking information about an Israeli strike in Yemen, allowing his friend to place another winning bet valued at approximately $5,000. This transaction is not visible in rundeep's trading record, suggesting other accounts may have been utilized. Other Accounts Flagged as Suspicious The rundeep account recorded just one unsuccessful bet. The user forecasted a US strike on Iran in June of the previous year, leading to a loss of nearly $3,000. Other traders secured significant profits by betting on the US strike last month. Israel reported it is probing insider trading suspicions related to six accounts that collectively made $1.2 million. Sen. Chris Murphy alleged the President's involvement, posting on X, “People around Trump are profiting off war and death.” There is no confirmed connection between the accounts under scrutiny and either Trump or Israeli military staff. The reservist had already been indicted by this point, making his involvement in this particular scandal improbable. US Lawmakers Propose Banning Select Markets Murphy subsequently proposed the BETS OFF Act, designed to ban betting on governmental actions, terrorism, war, assassination, and other scenarios where an individual possesses foreknowledge or total control over the outcome. While presenting the bill, he reiterated allegations of Trump's participation. The day before the Iran War, a flurry of big prediction market bets were placed – likely from Trump staff – that the war would start the next day.That's outrageous, and today @RepCasar and I introduced legislation to ban these corrupt prediction markets. pic.twitter.com/b4AknXGuto— Chris Murphy (@ChrisMurphyCT) March 18, 2026 The proposed legislation would bring minimal change relative to existing laws and market regulations. The Commodity Exchange Act (CEA) already forbids companies licensed in the US from providing markets on war or death. These specific markets were available on Polymarket's international platform, which operates outside US jurisdiction. Furthermore, insider trading is already illegal, as demonstrated by the indictment against the Israeli military personnel. Nevertheless, a comparable bill was introduced this week. The STOP Corrupt Bets Act seeks to limit prediction market contracts related to elections, military actions, and government activities. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Indonesian online casino users grappling with gambling addiction are turning to increasingly extreme tactics to hide their betting activities. These tactics include creating fake mugging reports, as reported by the Indonesian media outlet Suarakendari. The most recent such incident allegedly occurred in the city of Kendari, Southeast Sulawesi Province, where authorities clarified that a viral social media report about a “violent mugging” had raised alarm. Officers stated the incident involves a 26-year-old man with the initials ME, a resident of Kendari’s Poasia District. The man has “confessed to fabricating the incident out of fear that his wife would scold him for spending his money on online gambling platforms,” police said. Bogus Bandit Report Authorities noted that ME arrived at the Kendari police station on the afternoon of Sunday, March 22, 2026. He told police officers that four unknown individuals had attacked him at 1 p.m. The Kendari Bay Bridge in Kendari, Indonesia. (Image: Government of Indonesia) In his statement to police, ME claimed that two motorcycle riders, each carrying a passenger, had stopped him in the street. He provided detailed descriptions of the attackers and their vehicles, stating they stole a bag and his wallet before fleeing the scene. However, police noted they detected several irregularities and inconsistencies in the victim’s account. “After further investigation, the victim eventually admitted the report was false,” a police spokesperson said. In reality, they found the man’s bag and IDR 2.3 million (around $137) had indeed been stolen, though not in a mugging. Police reported the bag was stolen by thieves at 6 a.m. that same day, while ME was washing his car. But ME said he had exploited the loss to invent a story aimed at covering up his recent unsuccessful $180 online gambling spree. In his statement, ME told police the muggers had escaped with IDR 5.3 million, or $315. Similar cases are increasing in Indonesia. In January, police accused a man in the Arjosari District of Pacitan Regency, East Java, of faking a violent robbery to cover his own online casino losses. The man also shared on social media that he had been beaten and mugged by a gang of highway bandits and filed a complaint with police. He told police the bandits had stolen his money, cut his hand, and made off with his motorcycle. In reality, police said, the man had fabricated the entire story. Officers noted the wound was self-inflicted, and they traced the motorcycle to the man’s friend, who told detectives he had bought the vehicle from the suspect. Addiction Cases on the Rise These developments come as Indonesian doctors issue warnings of sharp increases in the number of inpatients being treated for gambling addiction. Some hospitals report struggling to cope as patient numbers continue to rise steadily. Officials say that at certain times of the year, hospital bed occupancy rates have exceeded 90%. Some prominent psychiatric wards state they are treating hundreds of gambling-addicted patients. Meanwhile, Indonesia’s anti-money laundering agency reports that gambling deposits surged after the Eid al-Fitr holiday period. This marks the second consecutive year the agency has observed such a rise post-Eid. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   March Madness is set to continue tonight with four additional Sweet 16 matchups, kicking off with No. 5 St. John’s facing off against No. 1 Duke. Tip-off is scheduled for 7:10 p.m. ET on CBS. DraftKings lists Duke as a 6.5-point favorite with a combined total of 140.5 points as of publication. Sixty-four percent of spread handle and 64% of tickets are backing St. John’s. The Red Storm are a popular underdog bet, but the Blue Devils hold the No. 1 defense in the nation per KenPom. We cashed a winning ticket last night by parlaying the OVER bet for Texas vs. Purdue with Fletcher Loyer scoring at least 15 points. Best Against-the-Spread Pick for St. John’s vs. Duke Blue Devils -6.5 (-108) Duke’s defense is dominant. The Blue Devils stepped up their play in the second half of their Round of 32 matchup against TCU, limiting the Horned Frogs to just 24 total points. Duke advanced to the Sweet 16 without starting point guard Caleb Foster (foot injury), but head coach Jon Scheyer announced he may return to the lineup tonight. Center Patrick Ngongba II returned from his own foot-related absence against TCU, and his presence will be critical tonight in slowing down Zuby Ejiofor in the paint. The Big East Player of the Year averages 16.3 points and 7.3 rebounds per game.  Duke’s Cameron Boozer is a frontrunner for the Wooden Award. Boozer leads Duke with averages of 22.4 points, 10.3 rebounds, and 4.2 assists per game. But this game will be won (and covered against the spread) primarily by Duke’s defensive effort. The Blue Devils hold a massive height advantage that will prevent St. John’s from operating effectively near the basket. That level of rim protection will lead to longer-range shot attempts and fewer free-throw opportunities for the Red Storm. Duke also ranks fourth nationally in rebound rate (57.9%), so don’t expect many second-chance scoring opportunities for St. John’s tonight. If the Johnnies hope to find success from beyond the arc, they will face a Duke defense that limits opponents to just 30.5% three-point shooting. That places the Blue Devils 20th in the nation for that defensive metric. Pick: Duke -6.5 Top Player Prop Bet for Duke Blue Devils Patrick Ngongba II OVER 5.5 Rebounds (-108 at FanDuel) Ngongba saw just 13 minutes of play against TCU in his first game back after missing six games due to foot issues. He still managed to pull down four rebounds coming off the bench. Expect his playing time and rebound total to rise tonight against St. John’s, which ranks 147th nationally in field goal percentage at just 45.2%. There will be ample opportunities for him on the defensive glass. Standing at 6-foot-11, Ngongba should have a field day against St. John’s smaller lineup. Top Player Prop Bet for St. John’s Red Storm Dylan Darling UNDER 6.5 Points (-130 at FanDuel) Dylan Darling emerged as a hero with a buzzer-beating game-winner against Kansas, but that was the only basket he scored in that contest. WE HAVE A MARCH BUZZER BEATER WIN FOR THE JOHNIES DYLAN DARLING SENDS ST. JOHNS TO THE SWEET 16 pic.twitter.com/18WNZyP5WP— TNT Sports U.S. (@TNTSportsUS) March 22, 2026 Darling has finished under this prop total in four of his last five games, largely due to his poor three-point shooting. He has gone 1-for-21 from three-point range over that stretch. Given Duke’s elite perimeter defense, it’s difficult to see Darling surpassing this total tonight. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Gambling.com Group has announced a significant leadership reshuffle, with co-founder and current Chief Operating Officer Kevin McCrystle stepping into the Chief Executive Officer role. McCrystle will succeed fellow co-founder Charles Gillespie, who will transition to the firm’s Executive Chairman position. Slated for mid-May, the transition will conclude Gillespie’s 20-year tenure as CEO— a period during which he guided the company from its 2006 founding to its current status as a publicly traded global business. In that time, Gambling.com has evolved into a technology firm spanning performance marketing and sports data services, operating in more than 20 regulated markets. Michael Quartieri, Lead Independent Director, called Gillespie “one of the longest-serving and most successful CEOs in the history of the online gambling industry”. “Under Charles’ guidance, Gambling.com Group has gone from a mere concept to the first publicly traded online gambling affiliate in the U.S.— now a large, highly profitable global marketing and data services business that has engaged millions of consumers and serves hundreds of online gaming companies,” he said. “As Executive Chairman, Charles’ expertise and direction will still benefit the company— including through his active role in evaluating strategic M&A opportunities and keeping the company at the forefront of the AI revolution. “On behalf of the Board of Directors, we sincerely thank Charles for his 20 years of exceptional service as our first and only CEO, and we look forward to his continued contributions in his role as Executive Chairman.” In his new role as Executive Chairman, Gillespie will stay deeply involved in the company’s strategic direction— including mergers and acquisitions and its ongoing AI focus. McCrystle, who co-founded the company with Gillespie, has served as COO since 2007 and overseen key revenue-driving functions like product, marketing, content, sales and technology. He has also played a pivotal role in the company’s geographic expansion— including building its European operations in Ireland and subsequent growth in the U.S. The board stressed that the leadership change represents continuity rather than a strategic shift, with Quartieri noting Gillespie and McCrystle have worked “in lockstep” since the company’s inception. A new era for Gambling.com The leadership reshuffle comes as Gambling.com enters what it describes as a new growth phase, fueled by the expansion of its sports data services and the increasing role of AI in its operations. In remarks accompanying the announcement, McCrystle highlighted the company’s evolution through multiple stages— from startup to international expansion to public listing— and framed the transition as part of a larger shift toward long-term growth. He explained: “With our fast-growing sports data services business, the ongoing diversification of our marketing business and the power of AI rapidly changing how we operate, it’s clear we are now in a new growth execution phase. “As we continue to implement our strategic initiatives, I am energized to take on the CEO role and lead the entire company with our founder-driven values to best position Gambling.com Group for long-term growth.” The change also comes just weeks after the Nasdaq-listed business released its FY25 results, reporting a year-over-year revenue increase of over 30% to $165.4m (£124.5m). Adjusted EBITDA climbed 19% to $58m, and the business— which now employs hundreds of staff— said it expects 2026 revenues of $170m-$180m, with EBITDA between $50m-$58m. The modest EBITDA growth may have contributed to dampened investor confidence, as Gambling.com’s share price has dropped around 10% since results were released on March 12— falling from $4.35 to $3.93. Despite the leadership shift and stock decline, Gambling.com said its core strategy remains intact, centered on expanding its dual focus on marketing services and sports data. The company operates a portfolio of consumer-facing brands, including Gambling.com, Bookies.com and Casinos.com, alongside data and analytics platforms such as OddsJam, OpticOdds and RotoWire. Leadership remains confident in growth through its brands, and record Q4 revenue of over $35m supports that confidence. On his move from CEO to Executive Chairman, Gillespie added: “I have spent my entire adult life building Gambling.com Group with Kevin, and I look forward to continuing to work closely with him as we enter the next phase of the company’s growth. “As we keep growing our sports data services business, reinvent our marketing business and embrace an AI-driven future, now is the right time to refresh our leadership team and give our most talented leader full reins to drive all parts of the business.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Attorneys responsible for a pivotal legal victory against Meta and Google have turned their attention to sports betting operators, filing a new suit against FanDuel and DraftKings in Massachusetts. Jennifer Hoekstra, a partner with the law firm Aylstock, Witkin, Kreis & Overholtz, who contributed to discovery and briefing in the California social media litigation, is spearheading the new action. She is heading a personal injury lawsuit that contends the companies deliberately target at-risk individuals, for instance during late-night hours or following significant losses. “They develop and personalize themselves to the individual user,” Hoekstra informed ESPN. “The algorithm identifies you and your interests when you log in. It appears, making it increasingly addictive for that individual.“ Plaintiff Wagered Millions of Dollars According to the legal filing, the anonymous plaintiff placed bets totaling $3 million on FanDuel from 2023 to 2025. While the exact loss amount is unspecified, the complaint indicates his gambling grew into “an unmanageable addiction to the defendants’ sports betting platforms.” His escalating gambling habit led him to quit his job, and he is currently receiving treatment for addiction. Mirroring another suit filed this week, DraftKings and FanDuel provided him with VIP hosts. In the other case, the two plaintiffs sustained losses exceeding $2 million on the platforms. Hoekstra stated that her new lawsuit concentrates on physical injury, not financial harm. Using Social Media Arguments The core argument that succeeded in the social media lawsuit was that the product was deliberately engineered to be habit-forming. Hoekstra is applying a similar legal strategy against the gambling firms. “We’re claiming that there is an actual physical harm that is being done through the addiction,” Hoekstra explained. “This is what distinguishes our case: the allegation of a defective product that was intentionally and defectively designed to cause this injury.” The suit alleges DraftKings and FanDuel profit from problem gamblers. It references a Connecticut study indicating 51% of sports betting revenue in the state is generated by 2% of players, who are classified as problem gamblers. An earlier lawsuit against DraftKings presented data suggesting 42% of the company’s total revenue originates from roughly 3.8% of its user base. Will ‘Intentionally’ Addictive Argument Work Again? In the Meta case, the plaintiff received $6 million in damages after jurors determined that Meta and Google had intentionally created addictive social media platforms that damaged the 20-year-old's mental health. However, past rulings have found that gambling companies owe no duty of care to compulsive gamblers. Recently, a Pennsylvania judge dismissed a separate lawsuit against DraftKings. In his decision, he stated, “The Court finds that DraftKings has no duty of care to protect Plaintiffs from spending too much money or from developing or fueling a gambling addiction.” Similar to the two new suits, the dismissed complaint claimed that VIP hosts had promoted further losses. The judge determined that the hosts did not control the betting or make decisions for the individuals. “Encouraging them to place bets is insufficient to create a fiduciary relationship,” the judge wrote. A fiduciary relationship is a legal association of trust where one party (the fiduciary) acts for the benefit of another. Because individuals bet voluntarily, the VIP hosts and companies are not held legally accountable. While DraftKings was previously fined $450,000 in Massachusetts for a clear breach of state law regarding credit card deposits, the new lawsuits confront the greater challenge of proving the companies are liable for a gambler's losses. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Capitol Hill witnessed a flurry of activity surrounding prediction markets on Thursday, as legislative pressure on event contract exchanges reached new heights. Lawmakers unveiled two separate proposals to limit the sector from different regulatory vantage points, including the STOP Corrupt Bets Act.Rep. Jamie Raskin (D-MD) and Sen. Jeff Merkley (D-OR) introduced the bicameral legislation, which takes aim at prediction market contracts linked to elections, military operations, and government actions, marking it as one of the most sweeping proposals directed at the rapidly expanding industry.  The measure was introduced on the same day that Sens. Elissa Slotkin (D-MI), Todd Young (R-IN), Adam Schiff (D-CA), and John Curtis (R-UT) put forth separate bipartisan legislation concentrating on insider trading by government officials, illustrating the swift acceleration of efforts to regulate prediction markets in Washington.  The simultaneous introduction of these bills indicates that lawmakers are implementing a coordinated, multi-pronged strategy to address prediction markets from various angles rather than pushing a single, unified measure.   If this tactic proves successful, it would lead Congress to impose restrictions on an industry that Schiff has dubbed the “Wild West.”  Legislation Targets Wagering on Elections, Warfare and Governmental Actions The STOP Corrupt Bets Act is broader in scope than several recent proposals. Rather than adopting a narrow focus on ethics or market integrity, this legislation would prohibit entire categories of event contracts.  As drafted, it would modify the Commodity Exchange Act to bar registered entities from listing or trading contracts covering specific “matters described,” including elections, sporting events, and military actions that the bill’s sponsors maintain lack commercial hedging value and essentially operate as unregulated gambling. The measure extends further than other proposals that merely restrict government officials, as it prohibits all individuals from placing such wagers.  The legislation expressly bans event contracts on: Political elections or contests Governmental actions taken by the executive, legislative, or judicial branches Sporting events or athletic competitions Military operations conducted by the United States or any foreign nation In the announcement releasing the bill, Raskin stated: “The oligarchs and opportunists are using prediction markets like Kalshi and Polymarket to enrich themselves. By banning bets on elections, legislation, acts of war and other government actions, we can oppose corrupt attempts to rig our democracy and profit from the fix, and we can redeem public faith in the idea that government is an instrument for the common good and not a casino.”  The proposed legislation specifically targets event contracts that could be influenced or even known beforehand by government insiders, as well as those that might present a risk to national security.  Lawmakers have increasingly expressed concerns that markets related to warfare and geopolitics could create perverse incentives or expose vulnerabilities in the handling of sensitive information.  The bill includes a narrow exception for contracts used for “hedging or mitigating commercial risk,” but assigns the Commodity Futures Trading Commission with defining the specific parameters.  This measure draws a clear line around which events should be completely prohibited, rather than regulating how participants engage with them, making it one of the most aggressive proposals to date.  If enacted, the legislation would require the Government Accountability Office to study the impact of prediction markets on young people, insider trading, and related issues. Legislators Employ Various Tactics as Bills Accumulate The current approach to prediction markets on Capitol Hill could be characterized as a “death by a thousand cuts” strategy. Lawmakers have introduced various bills, many with overlapping objectives and even overlapping sponsors. For example, Sens. Schiff and Curtis are challenging the industry from multiple legal perspectives simultaneously, with both co-sponsoring more than one proposal targeting prediction markets. This layered approach might ensure that if one of the bills fails to gain traction or faces constitutional challenges, another might survive. While some legislation focuses on the ethics of government officials trading on nonpublic information, other bills address regulatory “backdoors” by reclassifying event contracts as traditional sports betting or casino-style gambling. Additionally, Sens. Richard Blumenthal (D-CT) and Andy Kim (D-NJ) have introduced the Prediction Markets Security and Integrity Act, which merges insider trading prohibitions with restrictions on war-related bets and specific consumer protections like age verification and credit card bans. Above all, the multiple measures demonstrate that Congress is committed to eliminating loopholes in the current regulatory framework.  This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.

(AsiaGameHub) -   Acknowledging the necessity of navigating a shifting gambling landscape, the Swedish government has named a new Director for Spelinspektionen. Peter Knutsson is set to take charge of Sweden’s gambling sector as the newly appointed Director General of the national gambling authority. Starting August 17, he will replace Johan Röhr, serving a six-year term that concludes in August 2032. Bringing a wealth of experience in political affairs, Knutsson previously held the position of Sweden’s Advertising Ombudsman. Before that role, he served as Head of Unit at the Ministry of Finance. Furthermore, he possesses over 20 years of leadership experience, utilizing his legal background to provide extensive insights into consumer legislation. His professional history includes time at the European Commission and advisory roles for the Swedish Financial Supervisory Authority. Niklas Wykman, the Minister for Financial Markets, congratulated his colleague, emphasizing the importance of bolstering the domestic gambling market with Knutsson’s specific expertise. “The Swedish gambling market should be characterised by high security and strong consumer protection. Spelinspektionen has a major responsibility in this regard,” he stated. “I am pleased that Peter Knutsson, with his deep knowledge of consumer issues, has accepted the role of Director General.” New leadership for a pressured market Knutsson was welcomed by his new colleagues at the regulatory body. Both the Spelinspektionen Board and the outgoing Director expressed their commitment to collaborating with him to improve the Swedish gambling market. Madelaine Tunudd, Chairwoman of the Board, remarked: “With the solid experience Peter Knutsson has from, among other things, the Ministry of Finance, consumer affairs and most recently the Advertising Ombudsman, this will be very good for the authority.” Tunudd recently advanced within Spelinspektionen, ascending from the Vice Chair position she occupied since 2019 to the Chair role following the retirement of her predecessor, Claes Norgren. Meanwhile, Röhr stated his readiness to assist Knutsson as he assumes his new position, aiming to ensure a seamless transition that does not disrupt the regulator’s daily operations. “I welcome the government’s decision on a new Director General for the Swedish Gambling Authority, and will ensure that Peter Knutsson receives a good introduction in my handover as acting Director General,” Röhr concluded. Spelinspektionen has a busy year approaching. A prohibition on credit gambling takes effect on April 1, and later, the regulator will receive enhanced powers to combat offshore operators targeting the Swedish market more effectively. This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.