Bookmaker

The Super Bowl gets the Vegas treatment, with 1 in 4 American adults expected to gamble on the big game

Retrieved on: 
Thursday, February 8, 2024

A record 67.8 million American adults are expected to bet US$23.1 billion on Super Bowl LVIII, according to a new survey conducted by Morning Consult for the American Gaming Association.

Key Points: 
  • A record 67.8 million American adults are expected to bet US$23.1 billion on Super Bowl LVIII, according to a new survey conducted by Morning Consult for the American Gaming Association.
  • The estimated number of bettors has increased 35% from the previous Super Bowl, while the total amount being bet is estimated to have shot up from $16 billion in 2023.
  • Both figures would represent records – fitting for a Super Bowl held in Las Vegas, the gambling capital of the U.S. For the NFL, partnering with sportsbooks has been a boon for business.

Staunch opposition

  • The NFL’s leadership, however, remained adamantly opposed to its broadcasting partners explicitly encouraging gambling.
  • So Snyder communicated the lines by predicting the final score, thereby allowing careful listeners to learn a point spread.
  • The routine lasted until 1988, when Snyder suggested that slavery had made Black players better athletes.
  • We have to make it clear to the athletes, the fans and the public, gambling is not a part of sport, period.” The measure passed.

More money, more problems?

  • Since then, more than 30 states have legalized sports gambling.
  • In 2021, the league announced seven companies, including BetMGM, Draft Kings and Caesars, as the league’s official gambling partners.
  • Even casual fans can’t miss the surge in gambling advertisements that now air during the games, all of which buttress the value of media rights.
  • Meanwhile, the NFL’s official sportsbook partners will fork over more than $1 billion to the league over the course of the five-year contract.
  • Gambling addictions are at an all-time high, likely spurred by the ease with which people can place bets from their phones.


Thomas Oates does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

New SafestBettingSites Website Launched to Help UK Bettors

Retrieved on: 
Friday, January 12, 2024

LONDON, Jan. 12, 2024 /PRNewswire/ -- A new website called SafestBettingSites has been launched to help UK bettors navigate the potentially dangerous waters of online gambling.

Key Points: 
  • LONDON, Jan. 12, 2024 /PRNewswire/ -- A new website called SafestBettingSites has been launched to help UK bettors navigate the potentially dangerous waters of online gambling.
  • The site provides honest and unbiased reviews of the best betting sites that are fully licensed and regulated by the UK Gambling Commission.
  • Each bookmaker reviewed by that team is assessed and rated according to its value and performance in several key areas.
  • The new SafestBettingSites is the brainchild of Pavel Pudakov, who is the Head of Gaming UK at digital media giant Finixio Ltd in London.

New SafestBettingSites Website Launched to Help UK Bettors

Retrieved on: 
Friday, January 12, 2024

LONDON, Jan. 12, 2024 /PRNewswire/ -- A new website called SafestBettingSites has been launched to help UK bettors navigate the potentially dangerous waters of online gambling.

Key Points: 
  • LONDON, Jan. 12, 2024 /PRNewswire/ -- A new website called SafestBettingSites has been launched to help UK bettors navigate the potentially dangerous waters of online gambling.
  • The site provides honest and unbiased reviews of the best betting sites that are fully licensed and regulated by the UK Gambling Commission.
  • Each bookmaker reviewed by that team is assessed and rated according to its value and performance in several key areas.
  • The new SafestBettingSites is the brainchild of Pavel Pudakov, who is the Head of Gaming UK at digital media giant Finixio Ltd in London.

TennisONE Launches CrowdRIVAL$ Skill Gaming & Ace AI

Retrieved on: 
Wednesday, January 10, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240109418188/en/
    TennisONE App Launches CrowdRIVAL$ Skill Gaming (Photo: Business Wire)
    These real-money contests will be available for ATP, WTA, and Grand Slam tournaments.
  • Additionally, TennisONE is launching Ace AI, a retrieval-augmented generative AI feature to help fans increase their knowledge to play smarter.
  • Fans can query Ace AI to dive into the TennisONE database.
  • “We’re thrilled to bring CrowdRIVAL$ skill gaming and Ace AI to tennis fans,” said TennisONE CEO, Kristin Geer.

FORE Predicts Brings Decentralized Validation to Prediction Markets

Retrieved on: 
Wednesday, November 29, 2023

HONG KONG, Nov. 28, 2023 /PRNewswire/ -- FORE Protocol, a web3 protocol bringing real-world data to the blockchain, has unveiled FORE Predict, the first 'people-powered' predictions platform launching on November 30 at 12pm UTC. The decentralized platform leverages the wisdom of crowds to forecast and validate any event.

Key Points: 
  • Disrupting this model is FORE Predict, a decentralized ecosystem where users control every aspect of a prediction market, from creating the markets to determining market odds and even validating the results.
  • While the value of prediction markets in accurately forecasting events through crowdsourcing has been well-established, FORE Protocol has realized that the value of decentralized prediction markets extends beyond forecasting.
  • To add another layer of decentralized validation of outcomes, FORE has teamed up with UMA Optimistic Oracle to leverage a third-party network of independent validators to settle disputed markets.
  • To learn more about FORE Protocol and FORE Predict or to speak with FORE Protocol Chief Marketing Officer Timothea Horwell, please contact Ashni Pabley at [email protected] .

FORE Predicts Brings Decentralized Validation to Prediction Markets

Retrieved on: 
Wednesday, November 29, 2023

HONG KONG, Nov. 28, 2023 /PRNewswire/ -- FORE Protocol, a web3 protocol bringing real-world data to the blockchain, has unveiled FORE Predict, the first 'people-powered' predictions platform launching on November 30 at 12pm UTC. The decentralized platform leverages the wisdom of crowds to forecast and validate any event.

Key Points: 
  • Disrupting this model is FORE Predict, a decentralized ecosystem where users control every aspect of a prediction market, from creating the markets to determining market odds and even validating the results.
  • While the value of prediction markets in accurately forecasting events through crowdsourcing has been well-established, FORE Protocol has realized that the value of decentralized prediction markets extends beyond forecasting.
  • To add another layer of decentralized validation of outcomes, FORE has teamed up with UMA Optimistic Oracle to leverage a third-party network of independent validators to settle disputed markets.
  • To learn more about FORE Protocol and FORE Predict or to speak with FORE Protocol Chief Marketing Officer Timothea Horwell, please contact Ashni Pabley at [email protected] .

WORLD BOWLING LEAGUE ANNOUNCE STRIKING PLANS FOR THE SPORT

Retrieved on: 
Thursday, October 5, 2023

DUBAI, UAE, Oct. 5, 2023 /PRNewswire/ -- Any sport that claims to have more than 150 million regular participants worldwide has enormous potential. 

Key Points: 
  • Adi K Mishra, founder and Chief Executive of League Sports Co, explains why the project is vital for the future of the sport as a whole.
  • DUBAI, UAE, Oct. 5, 2023 /PRNewswire/ -- Any sport that claims to have more than 150 million regular participants worldwide has enormous potential.
  • Primarily, this will involve the launch in 2024 of the World Bowling League (WBL), which will aim to redefine the appeal of bowling through the WBL Pro Tour and WBL Global calendars for fans and competitors alike, as well as broadcasters, sponsors, agencies and bookmakers.
  • With the introduction of the World Bowling League suite of products we intend to bring back the commercial allure of bowling."

WORLD BOWLING LEAGUE ANNOUNCE STRIKING PLANS FOR THE SPORT

Retrieved on: 
Thursday, October 5, 2023

DUBAI, UAE, Oct. 5, 2023 /PRNewswire/ -- Any sport that claims to have more than 150 million regular participants worldwide has enormous potential. 

Key Points: 
  • Adi K Mishra, founder and Chief Executive of League Sports Co, explains why the project is vital for the future of the sport as a whole.
  • DUBAI, UAE, Oct. 5, 2023 /PRNewswire/ -- Any sport that claims to have more than 150 million regular participants worldwide has enormous potential.
  • Primarily, this will involve the launch in 2024 of the World Bowling League (WBL), which will aim to redefine the appeal of bowling through the WBL Pro Tour and WBL Global calendars for fans and competitors alike, as well as broadcasters, sponsors, agencies and bookmakers.
  • With the introduction of the World Bowling League suite of products we intend to bring back the commercial allure of bowling."

How AI and AR could increase the risk of problem gambling for online sports betting

Retrieved on: 
Monday, September 25, 2023

Similar features are now being used to transform online sports betting, significantly increasing the risk of problem gambling.

Key Points: 
  • Similar features are now being used to transform online sports betting, significantly increasing the risk of problem gambling.
  • Sports betting is one the UK’s most popular forms of gambling.
  • Although not quite as fast as EGMs, the increased speed at which in-play sports bets can now be placed is linked to problem gambling.
  • Using the cash-out feature is also associated with problem gambling.

Sports betting in the near future

    • Our recent research identified three patents that aim to add augmented reality (AR) to the sports betting experience.
    • AR typically uses goggles or mobile phones to overlap computer-generated imagery onto a player’s view of the real world.
    • Research shows immersion is pivotal in fuelling problematic gambling behaviour and disengaging from an AR sports betting session could be very challenging.
    • However, introducing such competition in online sports betting might exacerbate “tilting” – when a person makes poor betting decisions in response to loss or pressure.

Regulation and policy

    • Gambling regulation is notorious for its lack of foresight.
    • So while more forward-looking regulation and policy is needed to protect consumers from the harmful evolution of sports betting, the uncertainty and complexity surrounding new sports betting technologies only adds to the challenge of regulating this industry.
    • Thanks to new technology such as AI and AR, this industry is already evolving at a faster pace than regulation can keep up with.
    • Philip Newall has received travel and accommodation funding from Alberta Gambling Research Institute, and received open access fee funding from Gambling Research Exchange Ontario.

Smart Labs Unveils Proprietary SMART SP Bot, Revolutionizing Market-Spread Trading

Retrieved on: 
Thursday, September 21, 2023

Toronto, Ontario--(Newsfile Corp. - September 21, 2023) - Smart Lab, the visionary company headquartered in Seychelles, is making waves in the world of market-spread trading with the introduction of its groundbreaking proprietary bot, SMART SP.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 21, 2023) - Smart Lab, the visionary company headquartered in Seychelles, is making waves in the world of market-spread trading with the introduction of its groundbreaking proprietary bot, SMART SP.
  • SMART SP identifies and capitalizes on market-spread opportunities across various bookmakers, ensuring a seamless trading experience for both novice and seasoned market-spread traders.
  • Upcoming launches from Smart Lab include Smart FX, Smart CM, and Smart CC, each designed to empower traders to navigate different sectors with confidence and precision.
  • Smart Lab invites the trading community and industry experts to explore the future of market-spread trading with the SMART SP bot.