Yes!
Missouri votes in favor of OSB
Voters in the Show Me state show up at the ballot box.
In +More: Polymarket influencer claims.
Musk is sued by voters over $1m giveaway.
BetMGM Poker merges Michigan, New Jersey player pools.
Show me, show me, show me how you do that trick.
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A rare win
Showing up: Missouri voters narrowly but decisively voted in favor of the sports-betting measure put before them on election day on Tuesday, meaning that, as of December 2025 at the latest, the Show Me state will become the 39th state to allow some form of sports betting.
The margin of victory was just 7,486 votes out of the 2.9 million cast.
“Missouri has some of the best sports fans in the world and they showed up big for their favorite teams on Election Day,” said Bill DeWitt, president of the St. Louis Cardinals, in a press release.
The news of the vote provided a boost for the proponents of the measure, notably DraftKings and FanDuel, which together are thought to have pumped ~$40m towards the ballot effort.
In the wider market melt up yesterday following Trump’s re-election, DraftKings gained 5% and Flutter was up 4%.
The deets: With Missouri soon to be among the sports-betting states, it means a further 1.8% of the US population is added to the TAM. Missouri will offer up a total of 22 licensing berths, but the team at DB suggested the full quota is unlikely to be taken up.
However, the team at EKG said the attractions of a low tax rate and low licensing fee of $500k might attract smaller players such as Underdog and Sporttrade.
As well as breaking what the analysts at Jefferies said was a “fallow period” for OSB legislation, analysts also noted the positives to be had from the nature of the legislation.
Played: Deutsche Bank said the tax rate of 10%, with federal handle taxes and promotions deductible, “allows for a very favorable margin profile for the operators of scale.”
Pointing to the similarities with the tax structure of Michigan, DB said the effective tax rate might be as low as 5%.
It means the tax projections, which studies suggested might bring in ~$134m of tax revenue over a five-year period, are “likely to disappoint.”
The analysts at JMP noted this good news on tax comes after there were fears expressed by investors of high-tax contagion leaking from neighboring Illinois, which in January moved its OSB tax rate to 40% from 15%.
Pregnant pause: Noting that an average timeline for launching an OSB regime in the US was ~ nine months, JMP analysts suggested the likelihood was that Missouri would be up and running for the start of the next NFL season.
Sizing it up: Jefferies analysts estimated Missouri’s population size was similar to Maryland, which generated ~$500m in GGR in 2023 or ~5% of the total market. Calculating GGR on a spend-per-adult basis, the team at JMP came up with an at-maturity GGR of $580m.
JMP also suggested the proximity of OSB in Kansas and Illinois would point to the current market leaders “carrying an advantage” from existing customers at launch.
Also on the ballot
Virginia: Petersburg voters gave the green light to the Cordish Company and Bruce Smith Enterprises’ planned $1.4bn Live! Casino and entertainment district. The project was approved by 82% of voters, local media reported.
Arkansas: In other gambling-related votes, the ballot initiative to remove Cherokee Nation’s Pope County casino license in Arkansas was approved by voters. The referendum also requires any future casino licenses to be approved in a countywide referendum.
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+More
Fields of influence: Onchain but offshore prediction market provider Polymarket allegedly paid US-based social media influencers to promote its platform, according to Bloomberg. Polymarket is not permitted to offer election betting in the US.
A spokesman from the company told Bloomberg that Polymarket had reached out to US influencers but specified the promotions were for polymarket.com, which also posts news.
Polymarket also reportedly spent $269,875 on election ads for US Facebook and Instagram users.
The Dutch gambling regulator has warned three operators of their obligations around sports sponsorships after discovering breaches concerning the targeting of children and vulnerable adults. The unnamed firms used famous athletes as sponsors at major sporting events, contrary to rules on the use of celebrities and notable people to market gambling.
Norway has introduced loss limits on electronic bingo games in bingo halls as part of a regulatory tweak.
Andrew MacDonald has stepped down from his role as director and chief casino officer of Genting Singapore’s Resorts World Sentosa, with “personal reasons” cited for his departure.
New Zealand’s government is aiming to regulate online casinos and hopes to get a licensing regime up and running by 2026, ministers have said.
Turkish soccer clubs that promote illegal online gambling operations will be fined and face points deductions, as per new rules introduced by the sport’s national federation.
Operations Director – Malta
Swedish Compliance Officer – Sweden
Responsible Gaming Manager – Malta
Musk’s non-random generator
Unfragrant: Elon Musk is being sued by voters who signed his petition to uphold the constitution as part of a $1m-a-day giveaway, after it emerged the winners were not chosen at random.
A complaint, filed by Jacqueline McAferty of Arizona in federal court, said Musk and his America PAC duped voters to sign a petition in hopes of winning the prize, only for lawyers defending the Tesla boss to state in court the results were predetermined.
Merge here
Come and join us: Michigan regulators have given BetMGM Poker the green light to merge its player pools with New Jersey. Billing it a “landmark day for its poker product,” BetMGM Poker joins fellow New Jersey operators PokerStars and WSOP in offering shared tables in Michigan.
Alongside greater liquidity, players get access to a better app and more promotions.
“This authorization represents a significant step forward in the development of online gaming within our state boundaries,” said Michigan Gaming Control Board executive director Henry Williams.
The poker giant can offer games including No Limit Hold’em, Fixed Limit Hold’em, Pot Limit Omaha Hi, Pot Limit Omaha Hi-Lo, Fixed Limit 7-Card Stud Hi and Fixed Limit 7-Card Stud Hi-Lo.
Any new internet poker games require further regulatory approval.
The gang’s all here: BetMGM filed paperwork with the regulator in May and approval was given under the Multi-State Internet Gaming Agreement (MSIGA), in accordance with the Lawful Internet Gaming Act.
Michigan joined the MSIGA in May 2022, giving online poker players in the Great Lake state the chance to join others in Nevada, New Jersey, Delaware and West Virginia.
The latter two states don’t have poker platforms in operation at the moment.
Pennsylvania is the next likely candidate to join the collective before the end of 2024.
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A Finnish framework
Clear and sustainable: Finland has published its draft law, which the team at Nordic Gaming said “suggests a robust and practical framework for a well-regulated gambling market.”
The team noted the law proposes an unlimited number of gaming licenses for betting, iCasino and bingo with a 22% GGR tax rate.
It establishes a “clear and sustainable foundation for licensed operators,” the team added.
Be moderate: Among the measures is terminology around “moderate” bonus offers being allowed, although that is yet to be defined. Welcome bonuses, however, remain off-limits, but companies can offer “transparent loyalty gifts and bonuses to existing customers.”
Bonuses must be wagered but can be withdrawn after a maximum of five rounds.
As for the marketing side, the team said Finland plans a “slightly more liberal marketing policy compared to previous drafts.”
It added that branding, sponsoring and also limited product marketing have a green light, though “interactive elements and influencers remain prohibited, and affiliate links directly leading to gambling sites are still banned.”
Into the white: The Nordic Gaming team noted one “significant change” from earlier discussion and that comes over the issue of IP blocking and money transfer restrictions, which have been omitted from the draft.
“This could impact the ability to control unlicensed operators, so regulatory enforcement strategies may need to adjust accordingly,” the team said.
Brazilian clarity
Close to deadline: Brazilian senate president Rodrigo Pacheco is maintaining his insistence on a parliamentary inquiry into betting within the country, just weeks away from the opening up of the regulated market.
A request from a senator for the creation of a parliamentary inquiry or CPI was made in early October.
Senator Soraya Thronicke said the move was necessary to investigate the “growing influence of online virtual gambling games on the budget of Brazilian families.”
That request is reported by iGB to have surpassed the 27 signatures needed, with the commission having 130 days after its establishment to carry out its work. It will have 11 full members and seven substitutes.
Pacheco told reporters last week that an inquiry needed to be “installed now and made to work.”
“I think it is a good measure to seek clarification and propose measures to limit and contain gambling and to improve discipline in relation to these bets,” he added.
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