Robinhood

  • Robinhood has shown an interest to begin legal sports betting, especially after the success seen from political betting.
  • Celebrations are in order in Ohio, as sportsbooks took in the second most bets this past month in their history.
  • Georgia legislators are writing letters in publications about sports betting, showing public interest is ready to regulate GA sportsbooks in 2025.

ATLANTA – This week’s legal sports betting brief covers regulatory shifts to emerging market trends and industry challenges.

Here’s what’s making sports betting headlines.

New Jersey Updates Sports Betting Rules for Combat Sports

Adding policies for stricter oversight of combat sports, New Jersey sportsbooks are focusing on integrity and transparency. The state aims to prevent potential match-fixing and unethical practices as the popularity of betting on boxing and MMA continues to grow.

Robinhood’s Foray Into Sports Betting?

Robinhood CEO Vlad Tenev hinted at the company’s potential entry into the legal sports betting space during a recent interview. While nothing is confirmed, the move could diversify Robinhood’s offerings and capitalize on the growing demand for integrated betting platforms. This announcement comes amidst challenges faced by DraftKings and other operators navigating the complexities of presidential betting.

Missouri Becomes 39th State to Legalize Sports Betting

Missouri officially joined the ranks of legal sports betting states on Thursday, certifying the ballot amendment, becoming yet another US jurisdiction to regulate the industry. The move is expected to generate significant tax revenue and attract partnerships with legal online sportsbooks. Lawmakers are already projecting a strong market launch in early 2025.

Georgia Lawmaker Pushes Sports Betting as a Budget Solution

Georgia State Senator Brandon Beach published an op-ed advocating for sports betting to help boost education programs through sports betting revenue. Beach’s stance has reignited debates in the state legislature as legal Georgia sports betting supporters push for a referendum in 2025.

Other Sports Betting News Of Note

  • Former World Series of Poker winner, Cory Zeidman, has plead guilty to running a scam involving fake sports betting tips. The case highlights ongoing issues with fraudulent schemes in the betting industry.
  • Continuing to thrive, Ohio sportsbooks watched their November’s handle surpass $800 million. This marks the state’s highest monthly total since legalization.
  • The American Gaming Association (AGA) has updated its responsible sports betting guidelines to include a new pillar focused on respecting athletes. The addition is a response to growing concerns about harassment and threats against players following high-profile games.
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