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Florida Targets Fantasy Sports Firms Over Possible Illegal Betting Games

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By: The HALLO ECHO

September 26, 2023

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Florida gambling regulators have sent cease-and-desist letters to three daily fantasy-sports operators accused of offering potentially illegal mobile betting games and threatened legal action if the sites don’t immediately stop. Commission Executive Director Lou Trombetta sent letters warning the three companies that they “may be offering or accepting illegal bets or wagers” from Floridians…

The Finnish Supreme Administrative Court rules that skill-based fantasy sports games belong to Veikkaus monopoly

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By: The HALLO ECHO

June 9, 2022

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Article written by Antti Koivula, consulting legal advisor at Legal Gaming On May 24, 2022 the Finnish Supreme Administrative Court delivered its judgment on IS-Liigapörssi-case (KHO:2022:60), in which the Supreme Administrative Court analysed whether skill-based fantasy sports games are within the scope of the Finnish Lotteries Act (1047/2001) (“Lotteries Act”) and thus belong to…

Nuvei Receives Approval for Event Wagering and Fantasy Sports Payments in Arizona

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By: The HALLO ECHO

November 26, 2021

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Nuvei Corporation has announced that its wholly-owned subsidiary has been granted an Event Wagering and Fantasy Sports Supplier license in Arizona. Online sports betting became legal in Arizona in April 2021. Regulated sportsbooks and sportsbook apps formally began operating in the state on 9 September 2021, just prior to the kickoff of the 2021…

MediaTroopers Secures Temporary Sports Betting Supplier License From Arizona

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By: The HALLO ECHO

September 10, 2021

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Leading digital marketing agency MediaTroopers announced that the Arizona Department of Gaming has granted it a Temporary Event Wagering and Fantasy Sports Supplier license. The agency, which specializes in online gambling in US regulated markets, can now expand its operations to the Grand Canyon State, providing top-quality services to state-authorized betting operators and venues.…

Yahoo Stops Paid Fantasy Sports Contests in Connecticut

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By: The HALLO ECHO

July 8, 2021

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Yahoo has stopped conducting paid fantasy sports contests in the Connecticut fantasy sports marketplace in response to the state’s new law that requires any sports gambling or fantasy sports operator to first reach a cooperative agreement with either the state lottery or one of its two sanctioned tribes. All free Yahoo Fantasy Sports experiences…

Louisiana Gov. John Bel Edwards Approves 8% Fantasy Sports Betting Tax Rate

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By: The HALLO ECHO

July 17, 2020

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Louisiana Gov. John Bel Edwards has approved an 8% tax rate on fantasy sports betting. Edwards approved the regulations for fantasy sports betting last month. The competitions for online cash prizes could not begin until the state set the rules and tax rate. The 8% tax rate will apply to the net revenue for…