Tag Archives: Sports betting regulation

  1. Home
  2. Sports betting regulation
South Dakota mobile sports betting bill passes at Senate
February 8, 2022

South Dakota mobile sports betting bill passes at Senate

Bookiecity

A bill proposing the legalisation of mobile sports wagering in South Dakota has been passed in the state's Senate.

Senate Joint Resolution 502 is set to be introduced during South Dakota’s next general election, allowing citizens the chance to vote on whether it should come to pass. The proposal was passed by a slim majority – 18 votes to 17.

Should the proposal be voted in at the general election, players will be able to place mobile wagers on sporting events, provided the platform is partnered with one of the casinos in the city of Deadwood.

The legislation stipulates that any proceeds from games of chance should be used for educational, charitable, patriotic, religious, or other public spirited uses – which include the historic restoration and preservation of Deadwood. The resolution will also allow for a state-run lottery and video games of chance.

Sports betting was legalised in South Dakota back in March 2021 after Governor Kristi Noem signed Senate Bill 44 into law, bu..

Continue Reading

IBIA receives 236 suspicious bet alerts in 2021 as football alerts hit record high
January 26, 2022

IBIA receives 236 suspicious bet alerts in 2021 as football alerts hit record high

Bookiecity

The International Betting Integrity Association (IBIA) has received 236 suspicious betting alerts in 2021, with football reporting a record 66 alerts for the sport.

The overall number represents a 13% decrease on 2020’s figure, when 270 suspicious cases were flagged. The alerts spanned 13 sports across 49 countries.

69 alerts were recorded in the fourth quarter of 2021, following on from the 65 recorded in the third quarter.

Tennis produced the most alerts of any sport with 80, down from the 98 recorded in 2020. The 66 football alerts represented am 8% increase on the figure reported for 2020.

Table tennis added a further 40 alerts, with esports contributing 30, basketball seven and volleyball six. Ice hockey, beach volleyball, squash, horseracing, futsal, cricket and handball all added a single alert each.

IBIA alerts are flagged via member operators, who raise suspicious activity to the association involved and all other members. Should IBIA determine, following a review, tha..

Continue Reading

Illinois prediction exchange bill introduced
January 25, 2022

Illinois prediction exchange bill introduced

Bookiecity

Illinois senate bill 3872 has amended the Sports Wagering Act to allow prediction market betting exchanges.

Senator William Cunningham introduced and sponsored Senate Bill 3872, the Exchange Trade Wagering Bill, which plans to entitle the Illinois Gaming Board to issue two exchange trade wagering licenses to an applicant.

“Exchange trade wagering” is defined as the buying and selling of betting contracts at any time prior to the conclusion of an event based on a “describable zero to 100 scale of probability”. Operators must employ a recognised market surveillance technology used in the US financial markets.

The amendment of the Sports Wagering Act suggests that two exchange trade wagering licenses can be issued to operators.

Under the bill, the board specifies that it can issue trade wagering licenses to any applicant who is at least 21 years of age, has no criminal background and demonstrates the level of skill required to operate sports wagering.

The initial fee for an exchange ..

Continue Reading