Daily Archives: October 1, 2024

Pete Rose bet on his own team. But he also embodied baseball for generations. That’s worth remembering

Baseball legend Pete Rose died on Monday (30 September). But you already know that. And if you're like me and grew up watching Rose play, you're left with a host of complicated feelings.
Since that fateful day 35 years ago, when Pete Rose accepted a spot on baseball’s “permanently ineligible” list, his legacy has been fraught. Unquestionably one of the best ballplayers who ever lived, Rose broke sports’ cardinal rule. He bet on baseball and, not only that, on his own team.

Rose died in his home on Monday of causes yet unknown, a spokesperson for the Clark County office of the coroner/medical examiner in Nevada told CNN. He was 83.

On 23 August 1989, then-Major League Baseball commissioner A Bartlett Giamatti banned Rose from the game. Forever. Rose didn’t think it would stick. But Giamatti died of a heart attack just a week after penalising Rose. Since then, no other MLB commissioner has seriously considered reversing the ban, which means Rose could very well be the best..

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Episode 34: Football returns, DC gets in the game and more

Welcome back to the World Series of Politics! This week Brandt Iden and Brendan Bussmann guide you through the early weeks of the NFL’s $35bn season and Washington DC sports betting finally getting competitive.

If that’s not enough we’ve also got Missouri sports betting confirming its place on the ballot and some rumblings about Arkansas igaming. Arkansas sports betting – limited to one casino and two racinos – hasn’t quite hit the numbers so will replicating that model work for online casino?

Listen to the World Series of Politics on Apple Podcasts

We’ve got all the latest regulatory wranglings in this episode. Brendan even finds time to solve a Rubik’s cube live on air.

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A look at all DraftKings regulatory penalties this year

The online gambling giant has now been hit with over $300,000 in penalties across four states
DraftKings keeps rolling the dice with various authorities, from state regulators to the US Securities and Exchange Commission (SEC). The result? The online gambling operator is repeatedly crapping out.

Casino Reports counts four instances in this year alone in which DraftKings has been hit with fines by regulators. Included is a pair of six-figure wallops.

Here they are, in order from largest to smallest:

X’d out
Last week, the SEC hit DraftKings with a $200,000 (£149,251/€178,756) fine over the company’s public relations team’s posts on the X (formerly Twitter) and LinkedIn accounts of founder and CEO Jason Robins on 2 July.

The posts in question stated that DraftKings was experiencing “really strong growth” in states where it was operating.

The problem? According to the SEC, those posts violated Section 13(a) of the Exchange Act and Regulation FD. In short, the company was telling tale..

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Not much to like about SAFE Bet Act, say industry insiders and addiction advocates

It turns out that no one – not even problem and responsible gambling advocates – are embracing the SAFE Bet Act, unveiled at a press conference earlier this month by US Representative Paul Tonko and Senator Richard Blumenthal. It's already been publicly called “obnoxious” and “insulting”.
The SAFE Bet Act attempts to reverse the 2018 Supreme Court decision to make legal sports betting a states’ rights issue. It does not yet have a bill number and has not been filed. UCLA clinical professor of psychology Dr Tim Fong said the current version of the bill would “do more harm than good”.

Jeff Ifrah, a gaming lawyer and a founding member of iDevelopment and Economic Association (iDEA), told iGB that the bill is a lot to process because “the first suggestion out of the gate [is] to include an unconstitutional registration requirement”. He also said the bill sponsors appear to be trying to “fill some sort of need that doesn’t exist”.

There is much not to like about SAFE Bet Act, say t..

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Influx of Brazil betting licence applications as enforcement deadline passes

With the deadline for licence applications from operators wishing to be active in Brazil during the transition period closing at 11.59pm yesterday (30 September), a late flurry has taken the total of requests to 182.
In mid-September, the Brazil government published Normative Ordinance No 1,475. This set out plans to launch enforcement action against operators that failed to submit a licence application by 1 October.

Only companies that were both already active and that had applied for a licence would be allowed to continue operating in the transition period between 1 October and 31 December. This counts down to the legal online market launch on 1 January 2025.

This is the second key licensing deadline in Brazil. The first passed on 20 August when the initial 90-day window of preference shut. The 113 operators that applied during that period ensured their applications will be processed by the Secretariat of Prizes and Bets (SPA) ahead of the legal market’s launch date.

The announcem..

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