FOX Bet Sports Betting App Shuts Down Permanently Following Dispute with Flutter

FOX Bet is shutting down after facing significant challenges in the competitive online sports betting market and enduring legal disputes with its parent company. Effective July 31, FOX Bet will no longer accept bets, although accounts will remain accessible until August 31. Background and Legal Issues FOX Bet was launched in 2019 as a collaboration … Read more

DC Sports Betting on Hold as FanDuel Awaits District Budget Approval

The situation with DC sports betting continues to be complex and troublesome, with another delay impacting the districtwide mobile market. Budget Delay and Its Impact Mayor Muriel Bowser has yet to sign the new fiscal budget, leaving crucial updates to the DC sports betting law in limbo. As a result, FanDuel, which was subcontracted by … Read more

PrizePicks and Underdog Transition to Peer-to-Peer Pick’em in Florida

PrizePicks and Underdog Fantasy are introducing peer-to-peer versions of their pick’em daily fantasy sports (DFS) games in Florida, following the recent ban of their original DFS games in the state. Both companies announced that their new peer-to-peer games will launch on Monday. This move comes after cease-and-desist orders were issued for their previous games, which … Read more

Is Acquiring Penn Digital Assets a Strategic Move for FanDuel’s Parent Company?

FanDuel parent company Flutter faces some significant questions if it plans to acquire Penn Entertainment’s digital assets, according to a recent report by TheDeal.com. The report suggests that Flutter might consider purchasing Penn’s online gaming arm if Boyd Gaming acquires the remainder of Penn’s business. This potential deal makes sense given that Flutter and Boyd … Read more

MaximBet Exits US Sports Betting Market

Another US sports betting operator is shutting down. MaximBet announced via email to customers on Wednesday that it is ceasing operations. This decision follows a trend of several operators closing their online sports betting platforms this year. The sportsbook has stopped taking bets, and customers can withdraw their funds until December 15; after that, remaining … Read more

Porter to Pursue Career in Greece Following NBA Betting Plea Rejection

Jontay Porter, who recently pleaded guilty to conspiracy to commit wire fraud for his involvement in an NBA betting scheme, had his request to play professionally in Greece next season denied by a judge. Porter’s attorney sent a letter on Tuesday to U.S. District Court Judge LaShann DeArcy Hall, seeking a modification of bond conditions. … Read more

PENN Announces Layoffs for Digital and ESPN Bet Employees Prior to Q2 Earnings

PENN Announces Layoffs

Penn Entertainment is cutting its workforce, including positions related to ESPN Bet. This week, employees took to LinkedIn to share that they were affected by a round of layoffs at Penn. Among those posting was an affiliate marketing manager for ESPN Bet. According to an internal letter from CEO Jay Snowden, obtained by LSR on … Read more