SBC Americas

⁉️⁉️What's in swap? That which we call a swap by any other name would...constitute unregulated event contract? In a response to the lawsuit brought again state regulators by Kalshi, NJ Attorney General Matthew Platkin questions if a sporting event meets the legal definition of the kinds of swaps allowed by the CFTC and its enabling legislation. https://lnkd.in/grVHEmCg

💵💵It's another hefty fine related to AML failings, this time for MGM Resorts and, once again, related to the conduct of Scott Sibella. Is the fine big enough? You tell us. https://lnkd.in/gKE-x6DX

ESPN and Penn know the key to ESPN Bet's success is leveraging ESPN's audience, but are regulators on board with this plan? Here's what Massachusetts Gaming Commission's Eileen O'Brien had to say about it: “With the launch of this partnership there was a lot of talk about eliminating the friction between the ESPN experience and the betting experience, which I get from a business point of view. But practically speaking and I think RG speaking, there should be some level of friction and there should be some level of separation.” https://lnkd.in/gc5sZNu3

The integration between the ESPN and ESPN Bet apps has long been touted as a huge part of the cross-sell of the joint venture between Penn and the Worldwide Leader in Sports. Can this new rewards program help move the needle? https://lnkd.in/gG7YypEs

Martin Collins talked with Charlie Horner about what to expect from Soft2Bet's imminent entry into New Jersey. "Rather than relying on short-term acquisition tactics common in the U.S. market, such as simple sign-up bonuses, Soft2Bet focuses on customizable, content-led features that add value and drive retention. Our goal is to build deeper, more meaningful connections with users, encouraging long-term loyalty and sustained engagement instead of brief interactions. " https://lnkd.in/gJVtgsBP

We've got another great chat about unregulated industries like sweepstakes and prediction markets, this time with Betstack 's Justin Deutsch 🗣️“There is a ton of uncertainty around the legality of some of these new products, but there is little uncertainty about the consumer demand for them,” he said. “What regulatory body ultimately governs these products is up for debate, but I think these innovative products are here to stay one way or another and more and more products like them will continue to come to market.” https://lnkd.in/gx9CjQ-r

Strive Gaming has more B2B partners in the US & Canada than any other PAM provider. Sometimes we have to let that sink in. It’s a unfathomable feat for our business against giant competitors, whilst we didn’t even exist before 2021. It makes me proud, our team are specialist fighters punching above their weight 🥊 skilled technologists and I am even more proud to today announce our latest partnership with Delta Bingo & Gaming choosing to Strive to transition across from their current PAM provider. Delta Bingo & Gaming are a successful land based operator in Ontario and Maryland. We will power them initially in Ontario and will be our third customer in the province alongside Betsson and PointsBet. They have a wonderful leadership and operational team who we look forward to working with for years to come. https://lnkd.in/eun9vAXG

👀💵💵 A new report on US bettors from Optimove have some eye-popping numbers showing how much more US bettors wager than other countries, but is this indicative of the average bettor or a sign tat high rollers play a huge role in the US betting ecosystem? https://lnkd.in/gCURXf7g

States continue to scramble for revenue to make up for federal funding cuts and sports betting is square in the crosshairs. #NorthCarolina is the latest state contemplating a raise that would take it from an average tax rate to one of the highest in the nation. Details here⬇️⬇️ https://lnkd.in/g-RkTzjJ

The uncertainty of sweepstakes is distressing for some, but Leadstar Media's Anton Thoresson explained why he thinks imminent massive change is unlikely: We follow the regulatory landscape very closely through several different sources. There’s been a trend lately that more and more states are restricting sweepstakes casinos and it is still for us very uncertain in which direction this will develop. The feeling of uncertainty is there for everyone I believe, and the best we can do at the moment is to keep up with any changes and of course to follow the regulations. However, the regulations around sweepstakes in general is a very complex one, and considering that, I do not believe that we will see too many changes in the next couple of years." https://lnkd.in/gSvf7GKX