Fiona Simmons

1 day ago | gamblingnews.com | Fiona Simmons

FanDuel has introduced changes to its Terms and Conditions (T&C), preventing groups from betting together. Fans believe that this change was sparked by a recent parlay win and critiqued the operator for alleged hypocrisy. The parlay that fans believe prompted the change was a seven-leg MLB home rum parlay promoted by a betting tipster. The tipster correctly guessed all outcomes, winning $100,000 for himself from an $11 bet.

2 days ago | gamblingnews.com | Fiona Simmons

Light & Wonder has scored a smaller victory in its prolonged battle with competitor Aristocrat Technologies. As a court in Nevada issued a favorable ruling, shares in the former company experienced a spike. Aristocrat had previously sued its competitor for allegedly misappropriating trade secrets, forcing it to pull back one of its games. However, Light & Wonder has continued to stand its ground which has, in this case, paid off.

3 days ago | gamblingnews.com | Fiona Simmons

Hacksaw AB, which had sought to raise $378 million via its initial public offering (IPO), has officially begun trading on Nasdaq Stockholm. The company’s IPO was a spectacular success and saw it raise approximately $404 million, surpassing the earlier projections. Hacksaw’s IPO proved to be a success as investors valuated the company at roughly $2.3 billion. During the IPO, Hacksaw offered shares for the price of SEK 77 ($8.1) apiece.

3 days ago | gamblingnews.com | Fiona Simmons

PointsBet seems to be ready to move forward with MIXI Australia’s acquisition proposal, despite Betr Entertainment’s decision to vote against the deal. The latter company, which owns a 19.9% stake in the Australian sportsbook, later alleged that PointsBet excluded its vote and demanded a recount. PointsBet had been considering between its two suitors for a while as MIXI and Betr clashed over the Australian sportsbook.

3 days ago | gamblingnews.com | Fiona Simmons

A recent study has suggested that as many as 5% of all non-profit organizations and entity domains could be associated with gambling. This could lead to a decline in public trust in domains such as .ngo and .ong. The research in question was conducted by Jim Yan who examined .ngo and .ong top-level domains, which were originally launched in 2015. According to the study, they represented something “groundbreaking” since they validated an organization’s non-governmental status.