Welcome to iGB’s State of the Union: This Week in North American Sports Betting
In recent times, the landscape of sports betting in North America has been marked by significant developments and high-profile stories that are reshaping the industry. Our weekly roundup brings you the most impactful stories from the past week, including a fascinating dismissal due to a betting probe, changes at a compliance organization, regulations affecting NFL bets, and much more. Here’s what you need to know from this week’s sports betting news.
VA Tech Drops Player Over Temple Betting Probe
The Virginia Tech men’s basketball program is in the spotlight after the controversial dismissal of Temple transfer player Hysier Miller. As reported by Sports Illustrated on October 23, Miller was let go amidst an ongoing investigation into suspected irregularities related to a Temple game against UAB, which was flagged for “suspicious activity” by US Integrity. The inquiry revealed that the betting line for the game moved dramatically—from a 1.5-point favorite for UAB to as high as eight points—raising red flags.
Miller’s performance during the game was lackluster, scoring just eight points compared to his season average of 16. Despite Temple’s disappointing regular season, the team made an impressive run, reaching the ACC championship game, where Miller showcased his talent by averaging nearly 28 points per game. Following the tournament, he announced his intention to enter the transfer portal, but just days later, his unexpected dismissal sent shockwaves through the Hokies community.
Virginia Tech’s official statement regarding the dismissal eluded to "circumstances prior to his enrollment," leaving many questions unanswered as the investigation continues. The Hokies are set to kick off their season on November 4 against Delaware State, but Miller’s absence will be felt as the team navigates the upcoming challenges.
Big Changes at IC360
In a surprising twist, IC360—formed from the merger of US Integrity and Odds on Compliance—has seen pivotal changes this week. Following the exit of founding CEO Matt Holt, the organization announced the addition of former New Jersey gambling regulator Dave Rebuck as an advisor. Holt, who had already been absent from the company for two months, was instrumental during the merger that rebranded the organization in April.
Under Holt’s leadership, IC360 positioned itself as a key player in offering compliance and integrity monitoring services for the gambling industry. With Rebuck’s extensive background, including overseeing New Jersey’s online gambling launch in 2013, IC360 aims to enhance its regulatory guidance amidst an ever-evolving landscape of gaming compliance.
President Eric Frank heralded Rebuck’s experience as invaluable, asserting that his regulatory expertise would further strengthen IC360’s position and capabilities as it seeks to remain compliant and ahead of industry changes.
Some NFL Bets Banned in Illinois
Turning our attention to regulatory matters, the Illinois Gaming Board (IGB) announced suspensions on specific NFL bets at the request of the league, marking a significant shift in betting practices. At a meeting held on October 24, the IGB banned betting on ten types of wagers that could be deemed too predictable or tied to individual player actions. These include bets regarding player injuries and officiating assignments, emphasizing the drive for ethical betting practices in the industry.
Additionally, the meeting addressed the transfer of wagering licenses at Fairmount Park, which is shifting from FanDuel to Accel Entertainment, as the latter prepares to establish a temporary racino next year. Notably, new measures were also introduced to combat human trafficking, mandating that casinos educate employees and display awareness signs.
Settlement Coming in DraftKings’ Exec Lawsuit?
In another intriguing development, legal discussions are reportedly underway between DraftKings and former executive Michael Hermalyn. Following his abrupt departure from DraftKings to competitor Fanatics, Hermalyn has been embroiled in a lawsuit alleging misappropriation of confidential information and business relationships.
The latest update hints at potential resolution talks, just as a trial is slated for next month in Los Angeles. Hermalyn’s non-compete clause, set to expire in February 2025, has added another layer to the complexities of this case. As the parties navigate these legal waters, the outcome could have lasting implications for competitive practices and staffing transitions within the industry.
Bovada Fined in Tennessee
Offshore sportsbook Bovada has found itself in hot water after being fined $50,000 by Tennessee’s Sports Wagering Council on October 23 for failing to comply with cease-and-desist letters. Despite being flagged for betting violations, Bovada reportedly continued to accept wagers, prompting regulatory action aimed at ensuring user protection within a safe betting environment.
Mary Beth Thomas, Executive Director of the SWC, urged Tennessee bettors using Bovada to withdraw their funds, highlighting the critical need for compliance with state regulations.
More Violations in Massachusetts
Massachusetts has also taken a stern stance on betting regulations, as the Massachusetts Gaming Commission revealed that both BetMGM and FanDuel accepted wagers on LPGA events before the activity was legalized in the state. BetMGM’s acceptance of $1,600 in bets and FanDuel’s $78,000 may prompt adjudicatory hearings to determine if penalties are warranted. This revelation underscores the importance of regulatory adherence as states tighten their grip on compliance.
In Other News …
A round of noteworthy developments includes a Nevada federal judge dismissing a lawsuit against Resorts World Las Vegas and fines imposed on California’s Lake Elsinore Casino for anti-money laundering violations. Moreover, PrizePicks has secured fantasy sports licenses in Delaware and Missouri, further broadening its market reach.
ICYMI on iGB
For those who missed it, iGB has published several insightful articles this week covering diverse topics, from discussions on public funding for projects in Reno to tribes and commercial operators aligning against sweepstakes operators. Other highlights include analyses on the financial dynamics of U.S. igaming and the technological advancements driving NBA in-play betting.
As the sports betting landscape in North America continues to evolve, these recent stories reflect both the challenges and the innovations shaping the industry. Stay tuned for more updates as we keep you informed on the state of sports betting.
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