So Much For The NCAA’s Hard Line Against Sports Betting

 

 

 

 

 

 

 

 

For years, colleges could not hold championship sporting events in Nevada. The National Collegiate Athletic Association (NCAA) would not allow it.

Why?

Because of sports betting. In fact, the era where pro sports would not even go near Las Vegas is not that long ago. Perhaps because the NCAA saw how pro sports were thriving or because of the recent reversal of the federal ban on sports betting by the Supreme Court (we’re betting on the latter), suddenly the organization is changing its tune.

That is right. After decades of ardently opposing sports betting and fighting to keep even daily fantasy sports out of college athletics, the NCAA is now in favor of sports betting. Of course, the NCAA supports a very specific type of sports betting, just like its pro counterparts.

Las Vegas now open to the NCAA

Following the lead of the leagues, the NCAA announced on Thursday that it now supports a federal sports betting framework. Additionally, it has dropped its ban on championships in Las Vegas.

In the announcement, the NCAA said the following:

The Board of Governors’ action does not impact NCAA rules that already prohibit sports wagering by student-athletes or member schools’ athletics employees, including coaches. Violations of any sports wagering rules remain subject to NCAA penalties; however, the NCAA membership may reconsider appropriate consequences for those who legally bet on sports.

NCAA policy restricting sports gambling sponsorships and advertising will remain in place for NCAA championships and Football Bowl Subdivision postseason bowls.

The NCAA has allowed certain sporting events to take place in Las Vegas prior to this. UNLV athletics are an obvious example, but Sin City has also hosted the PAC-12 and Mountain West basketball tournaments, the annual Las Vegas Bowl, and several high profile NCAA basketball games at T-Mobile Arena, to name a few.

The NCAA did emphasize the lift on the Nevada ban is temporary. With sites for the basketball and football championship determined years in advance, the earliest Vegas could host a marquee national championship event would be 2023.

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NCAA, like the pros, want a federal framework

It fell to NCAA President Mark Emmert to justify the rationale of the change:

“Our highest priorities in any conversation about sports wagering are maintaining the integrity of competition and student-athlete well-being. Sports wagering can adversely impact student-athletes and undermine the games they play. We are committed to ensuring that laws and regulations promote a safe and fair environment for the nearly half a million students who play college athletics.”

“While we recognize the critical role of state governments, strong federal standards are necessary to safeguard the integrity of college sports and the athletes who play these games at all levels.”

What Emmert did not discuss was a potential carveout for college sports. This solution is something that has come up as an option in the past.

Instead, it certainly seems like the NCAA could be angling for a cut of the action. Any time a sports organization uses the words “safeguard the integrity”, it stands to reason the word “fee” is about to come up as well.

Given how many state frameworks have foregone the controversial “integrity fee“, the professional leagues and the NCAA now seem to be appealing to Congress to intervene. Sen. Orrin Hatch already announced plans to introduce a federal sports betting bill regulating the activity. It is worth noting Hatch is also one of the lawmakers who authored the 1992 ban on wagering.

 

 

 

 

 

 

 

 

The post So Much For The NCAA’s Hard Line Against Sports Betting appeared first on Play USA.

Rush Street Finds PA Sports Betting Partner In Kambi

Rush Street Interactive and Kambi Group have entered into a multi-year partnership for sports betting.

Under the agreement, Rush Street will incorporate Kambi’s sports betting tech into its proprietary online gambling platform. The deal covers both online and retail services, and it includes provisions for extension beyond the US market in the future.

The partnership has big implications in Pennsylvania, too.

This week, the US Supreme Court cleared the way for state-regulated sports gambling, striking down a federal ban that had been in place since 1992. The Commonwealth now has an active law, and casinos could be legally accepting wagers as early as this year.

When it does, Rush Street seems to be in a good position to capitalize.

Rush Street will offer sports betting

Rush Street Gaming is building out a footprint across both the land-based and digital realms. The latter is very much the focus, though.

In addition to its four land-based casinos, Rush Street also operates PlaySugarHouse online casino in New Jersey. The site originates with SugarHouse Casino outside of Philadelphia, and it operates under the group’s ambitious Interactive division. Rivers Casino near Pittsburgh also belongs to Rush Street.

Both brick-and-mortar properties will also add online gambling in the near future.

What the group didn’t have, until today, was a plan for sports betting. It was, after all, federally illegal until this week. Rush Street President Richard Schwartz says the Kambi partnership aligns with Rush Street’s core values.

“Rush Street Interactive was founded on the key principles of providing entertaining and memorable experiences to our customers, without compromising on integrity.

Therefore, when deciding to launch a sports betting product, it was key we chose a partner who shared those principles, and at the same time provided us with the opportunity to launch a premier product firmly aligned with Rush Street’s focus on innovation and customer experience.

In Kambi we are confident we have found that partner and, following the recent Supreme Court ruling, look forward to launching a high-quality Sportsbook in the U.S., as well as other regulated markets internationally.”

It’s almost certain that Rush Street will offer sports betting at its two PA casinos and via online platforms. It now has a solution in place to do just that.

Incidentally, the group also owns property in New York and Illinois, two more states moving toward legal sports betting.

Kambi tempted by the US market

Thanks to SCOTUS, the US has become the frontier for sports betting. International bookmaking giants, including Paddy Power Betfair and William Hill, have been pressing hard for position in the new market.

Kambi is a lesser-known, business-facing provider, but it’s a prolific one. The company has almost 20 partnerships across six continents, serving gaming giants Kindred Group and 888, among others. It employs around 600 people in six offices, mostly working out of its Malta headquarters.

According to Chief Executive Kristian Nylen, Kambi has been preparing to enter the US for some time.

“Kambi has long kept a close eye on the U.S. market, carefully building a business and technology to suit the likely state-by-state regulation of sports betting, as well as meet the requirements stakeholders have for a safe and secure sportsbook.

This agreement with Rush Street Interactive, one of the most respected and innovative gaming companies in the U.S., is recognition that Kambi not only has online premium sports betting services ready to appeal to American sports enthusiasts, but those which will help protect the integrity of sports.”

Both parties had something the other one wanted, a good foundation for any partnership. Kambi gets an entry point into the US market, and Rush Street gets a software solution for its sportsbook.

The post Rush Street Finds PA Sports Betting Partner In Kambi appeared first on Play Pennsylvania.

WSOPE Champion Martí Roca Signs with 888poker Spain

Roca will help 888 grow its Spanish online poker room ahead of cross-border shared liquidity with Italy and Portugal.

888poker has announced WSOP Europe champion Martí Roca as its latest Spanish ambassador. The operator is gearing up for expansion in European markets under new European shared liquidity rules which will allow them to combine player pools across Europe’s segregated online poker markets.

A 37-year-old Barcelona native, Roca is a former economics professor who quit his job to pursue his passion and build a career as a poker player. He has been participating in local live tournaments since 2013 and has accumulated over $1.3 million live earnings.

Read the full article on pokerfuse →

Unibet Online Series 2 Set To Return This Month

After a successful debut in March, the UOS returns with a €350,000 total prize pool.

The Unibet Online Series 2 will return at the end of the month with a €350,000 guarantee spread across 84 tournaments, the operator revealed this week.

The second iteration of the UOS sees Unibet up the overall guarantees by €50,000 on the previous series held last March. The tournaments are split into separate nano, low and high stakes tiers as seen during the series debut.

Read the full article on pokerfuse →