Bovada Exits Two More Markets Amid Increasing Pressure from Regulators
Sports Game · 2024-08-01

Bovada Exits Two More Markets Amid Increasing Pressure from Regulators

The losses keep adding up for Bovada Sportsbook.

Just a week after exiting West Virginia, Bovada announced that it is also restricting customers in Washington, D.C., and Connecticut. The decision to exit both markets means that Bovada is now restricted in 10 states, though that number has been rising fast.

Bovada’s issues in the US have been caused by several states sending them cease-and-desist letters demanding they exit the market. While the states cannot legally retaliate against Bovada, the US government can. The possibility of that legal battle has driven the offshore sportsbook to comply with the demands.

While Connecticut had confirmed they sent Bovada a letter back in June, there is no record of DC doing so. If a letter wasn’t sent, it would be the first time the offshore bookmaker exited a market without the threat of legal action.

The exit from both markets means that Bovada Sportsbook is now restricted in the following states:

Colorado

Connecticut

Delaware

Maryland

Michigan

New Jersey

New York

Nevada

Washington, D.C.

West Virginia

The latest round of restrictions means more legal threats are likely on the way for Bovada. 

It all started with Michigan sending a cease-and-desist letter to Bovada in May, demanding they exit the market within two weeks. The move drew national attention as people waited to see how Bovada would react. The operator quietly exited the market within two weeks, complying with the state’s demand.

Since deciding to restrict its sportsbook in Michigan, Bovada has seen a quick increase in similar letters from other states. Regulators across the country have been pushing to close offshore books to protect consumers and revenue. With Bovada not fighting requests to exit, a flurry of other states have followed Michigan’s lead.

We expect the latest round of closures to lead to even more cease-and-desist letters from other states. That will be especially true if it turns out D.C. did not send an official letter threatening legal action.

Bovada could still decide to draw a line in the sand and force states to call on the federal government to take action. If they don’t, we may see a full exit from the US sports betting market for Bovada.

熱門文章
印第安納州在線賭場法案在眾議院委員會停滯不前
合規與政策
印度最高法院受理公益訴訟,要求全國禁封「偽裝」成社交遊戲的賭博平台
合規與政策
JILI 宣佈與全球板球傳奇 AB de Villiers(ABD)達成重磅戰略合作
體育遊戲
哈薩克計劃對線上賭場促銷活動進行處罰
合規與政策
菲律賓網絡賭博和加密貨幣仍構成持續的洗錢風險
東南亞資訊
西班牙監管機構警告在線賭博平臺存在身份盜竊行為
合規與政策
GGC Awards 2026 璀璨科倫坡:致敬 iGaming 行業的領航者與創新力量
灰度頭條
越南在線博彩業政策收緊 催生市場新機遇
東南亞資訊
超級PAC籌資4800萬美元:體育博彩勢力加碼
合規與政策
斯里蘭卡博弈產業大轉型,官方:劍指南亞拉斯維加斯
合規與政策
菲律賓博彩技術賽道迎來新變局,B2B 供應模式加速滲透
東南亞資訊
新澤西州7月博彩收入創6.06億美元新高,頒布禁令
合規與政策
橫跨全球6個城市,灰度8場派對邀你共看世界盃,重塑高質量社交新場景
灰度頭條
越南博彩管控逐步放寬,惟本土需求仍顯乏力
東南亞資訊
英國確認各垂直行業的賭博稅稅率
合規與政策
首頁
遊戲
合作
發現
我的