Chav Vasilev

3 weeks ago | bonus.com | Chav Vasilev

Ohio lawmakers are making another attempt to legalize online casinos after failing in 2024. The bill, SB 197, was introduced this week by state Sen. Nathan Manning. It would allow up to 11 online casino  brands with a tax rate of 36% to 40%, the highest among iGaming states. The proposal would also allow online lottery and parimutuel betting. Last year, Manning was a co-chair of a study commission appointed to learn about the current gambling market and whether new forms of gambling are possible.

3 weeks ago | bonus.com | Chav Vasilev

PENN Entertainment shareholder HG Vora Capital Management has issued a public letter to fellow shareholders and a proxy statement encouraging them to vote for its board picks. The firm, which owns about 4.8% of PENN stock, has criticized the company’s leadership. HG Vora nominated three independent directors in advance of the upcoming annual meeting for PENN on June 17. However, PENN subsequently reduced the number of available seats to two.

1 month ago | bonus.com | Chav Vasilev

The Commodity Futures Trading Commission (CFTC) has filed a motion to voluntarily dismiss its appeal against a federal court decision that allowed predictions market platform Kalshi to offer contracts on US election outcomes. Barring an explicit change to the CFTC’s rules, that means Kalshi and potentially other platforms will continue to be able to offer their users predictions contracts on the outcome of political contests within and outside the US.

1 month ago | gamingtoday.com | Chav Vasilev

Louisiana, Connecticut, and New York have moved closer to banning sweepstakes casinos. The Louisiana Senate became the third legislative chamber in the US to pass a ban on social gaming sites after Mississippi and Maryland. At the same time, bills in the other two state have made progress through committees, moving closer to a floor vote. While the three bills have progressed, it’s yet to be seen if they will succeed.

1 month ago | bonus.com | Chav Vasilev

Minnesota is still trying to legalize online sports betting, and its latest attempt includes a proposal to ban sports betting apps from sending push notifications to gamblers, a suggestion that could gain traction in other states if it proves to be the compromise that gets the bill over the finish line. If passed, SF3414, sponsored by Sen. Nick Frentz, will prohibit mobile sports betting platforms from sending notifications to users who aren’t actively using the app or website.