
A developing rivalry between Fanatics and DraftKings has been highlighted by the poaching of a VIP executive, amidst growing concerns over the sports betting industry's practices. Federal lawmakers, including Sen. Richard Blumenthal, are scrutinizing online betting companies for targeting big spenders and VIPs, in light of gambling addiction issues. This scrutiny, intensified during March, Problem Gambling Awareness Month, includes Blumenthal sending letters to eight online gambling companies. Efforts are underway to craft federal restrictions to curtail betting on sports events via smartphones, with institutions like Northeastern’s Public Health Advocacy Institute involved in the process. Betr has taken steps towards responsible gaming by banning credit cards as a deposit method, a move not mirrored by other operators.
Sports Betting Operators Form Responsible Online Gaming Association @sam_mcquill https://t.co/02K2O5y7c7
Federal lawmakers concerned about gambling addiction are starting to scrutinize online betting companies’ targeting of big spenders and VIPs -- Partly the result of @katherinesayre's fantastic reporting on the corporate face of gambling addiction: https://t.co/xIsgveG1Gd
Federal lawmakers, concerned about gambling addiction, are scrutinizing online betting companies' targeting of big spenders and VIPs. - WSJ Sen. Richard Blumenthal sent letters last week to eight online gambling companies, including FanDuel and DraftKings $DKNG, urging them to… https://t.co/5QhCGs0Epr
