Welcome to iGB’s State of the Union: North American Sports Betting Highlights

In the fast-paced world of North American sports betting, significant developments occur weekly. From player dismissals and regulatory changes to lucrative partnerships and compliance issues, the landscape is always evolving. This article encapsulates the most impactful stories we’ve covered recently, alongside intriguing briefs from the sports betting community.

VA Tech Drops Player Over Temple Betting Investigation

One of the most pressing news stories of the week involves the Virginia Tech men’s basketball team, which dismissed former Temple transfer Hysier Miller amid an ongoing sports betting investigation surrounding the Temple program. According to a report from Sports Illustrated on October 23, 2023, the inquiry was sparked last spring when Temple’s game against UAB was flagged by US Integrity for "suspicious activity."

This high-profile game saw an unusual swing in betting lines, opening with UAB favored by 1.5 points, only to jump to an 8-point favorite before the match. Miller struggled in this game, scoring only eight points—a stark contrast to his season average of 16 points per game. Following a disappointing regular season, Temple’s unexpected success at the conference championship led Miller to transfer, but his dismissal from Virginia Tech raises questions about the broader implications of gambling’s influence on college sports.

Virginia Tech confirmed Miller’s release, indicating that it was due to "circumstances prior to his enrollment." The university has opted not to provide further comments on the matter, as it gears up for its season opener on November 4 against Delaware State.

Big Changes at IC360

A significant shift has taken place at IC360, a compliance and integrity monitoring service founded from the merger between US Integrity and Odds on Compliance. The recent revelation that Matt Holt, who headed the organization, is no longer with IC360 marks a notable change. Reports indicate that Holt had been absent for roughly two months prior to the disclosure.

Simultaneously, former New Jersey gambling regulator Dave Rebuck has joined IC360 as an advisor. Rebuck’s extensive experience includes overseeing New Jersey’s groundbreaking legal online gambling market and sports betting, which makes him an invaluable asset to the evolving gaming landscape.

NFL Betting Restrictions in Illinois

In a noteworthy regulatory action, the Illinois Gaming Board (IGB) has enacted restrictions on specific NFL betting options at the request of the league itself. As of October 24, 2023, the IGB has banned wagering on 10 types of bets, particularly those seen as susceptible to manipulation, such as player injuries and officiating assignments.

This decision showcases the state’s commitment to maintaining integrity within the sports betting market. Additionally, the IGB approved the transfer of a wagering license from FanDuel to Accel Entertainment for Fairmount Park, further demonstrating the dynamic nature of the industry.

Settlement on the Horizon for DraftKings’ Executive Lawsuit

A legal dispute involving former DraftKings executive Michael Hermalyn might be on the brink of resolution. DraftKings had initiated federal lawsuits against Hermalyn after he transitioned to Fanatics Betting & Gaming, alleging theft of customer relationships and confidential information. Contentious negotiations hint at the possibility of a settlement, even as the legal complexities unfold.

Hermalyn’s non-compete agreement with DraftKings is set to expire on February 1, 2025, adding another layer to this evolving situation. The next court proceedings are expected to occur in California, where a one-day trial could fundamentally impact the outcomes of the cases involved.

Bovada Fined by Tennessee Regulators

The Tennessee Sports Wagering Council (SWC) has levied a $50,000 fine against offshore sportsbook Bovada for its refusal to comply with cease-and-desist orders. Following multiple investigative bets placed by the SWC, the fine underscores Tennessee’s commitment to consumer protection in sports betting. SWC officials have urged Tennessee residents who use Bovada to withdraw their funds immediately, reinforcing the importance of regulated betting environments.

Massachusetts Report Uncovers LPGA Violations

In Massachusetts, the Gaming Commission has discovered violations committed by BetMGM and FanDuel, who accepted wagers on LPGA events before they were legally permitted. The findings, unveiled during a recent commission meeting, have led to deliberations on whether the sportsbooks will face penalties for their infractions.

In Other News…

Several other important developments have emerged in the world of sports betting:

• A federal judge in Nevada has dismissed a lawsuit against Resorts World Las Vegas, reaffirming legal boundaries in gambling operations.
• PrizePicks has recently secured fantasy sports licenses in Delaware and Missouri, expanding its peer-to-peer offerings across the United States.
• In California, the Lake Elsinore Hotel and Casino was fined $900,000 for anti-money laundering violations, highlighting the ongoing regulatory vigilance within the gaming sector.

ICYMI on iGB

For those seeking further insights, here’s a recap of some recent articles featured on iGB:

• Muruelo Gaming says it always intended to seek public funds for Reno arena project
• Tribes, commercial operators now stand together against sweepstakes operators
• Future of US igaming all about the money
• How personalisation, technology are driving NBA in-play betting
• Bally’s says it will open first phase of LV resort in tandem with ballpark opening

These stories illustrate the vibrant, complex, and often controversial nature of the sports betting arena in North America. As events unfold, keeping a close watch on regulatory changes, compliance issues, and emerging trends will be key for stakeholders across the industry. Stay tuned for more updates as we continue to track the dynamic world of sports betting.