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FanDuel CEO Christian Genetski said the operator sees sports prediction markets as a way to reach new customers in states without legal sportsbooks, even as a Supreme Court case could reshape the market.
New York Attorney General Letitia James said VGW Holdings will pay $8 million to the state following an enforcement action tied to illegal gambling operations.
Phileas Fogg is on track for the Grade 1 Jockey Club Gold Cup on Sept. 18 at Belmont Park after a strong Saratoga workout, with the race offering a Breeders’ Cup Classic berth.
New York Attorney General Letitia James secured an $8 million settlement from VGW, resolving a state investigation into the operator’s sweepstakes casino model.
VGW, the owner of Chumba Casino, Luckyland, and Global Poker, has been fined $8 million in New York as the state continues its crackdown on sweepstakes casino operators.
A new review of state sports betting laws shows 15 states, including New York, ban all college player prop bets, while others are turning to exclusion lists and other enforcement tools aimed at abusive bettors.
