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Maryland Lottery reports $58.7m in sportsbook revenue for October

Regulation

Maryland sportsbooks generated more than $58.7 million in gross sports wagering revenue in October, Maryland Lottery and Gaming reported. Wagers totalled $483.1 million, while $38.7 million in adjusted gross revenue was eligible for tax; the state collected more than $5.8 million in tax receipts.

The reported figures show operators’ market results and the state’s tax take from October wagering.

End-of-day close DraftKings (DKNG), USD, to 28 December 2023
Story date29 September 202328 December 2023

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Pentagon restricts military prediction market trading as Congress widens VIP inquiry

The Pentagon issued a directive barring military personnel from trading on prediction markets using nonpublic information. Defence Secretary Pete Hegseth warned that such trades could compromise national security and expose service members to disciplinary action or prosecution. Lawmakers also sent letters to BetMGM, Caesars, DraftKings, Fanatics, Kalshi and Polymarket expanding an inquiry into VIP programmes.

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