Massachusetts regulators remove IBA from sports betting catalog

Massachusetts regulators remove IBA from sports betting catalog

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  • The Massachusetts Gaming Commission has agreed to remove International Boxing Association events from its sports betting catalog
  • The boxing association is under investigation by the International Olympic Committee
  • The Massachusetts sporting events catalog does not allow betting on events or leagues overseen by a Russian or Belarusian governing body.

A controversial boxing association and the events it sanctioned have been removed from Massachusetts’ sports betting catalog.

The Massachusetts Gaming Commission has unanimously voted to remove the International Boxing Association (IBA) and all of its events from Massachusetts’ sports betting catalog because the commission’s policy prohibits “betting on any event or league overseen by a Russian or Belarusian governing body or an association based in Russia or Belarus.”

The IBA is headquartered in Lausanne, Switzerland, but since the election of the current IBA President on December 12, 2020, it has relocated most of its activities to Russia. Umar Kremlev.

IBA has recently been confronted with Olympic controversy

The IBA was involved in the first MGC approval of the sports betting catalogue last year.

Since the escalation of the Ukraine-Russia war in 2022, the MGC has banned sports betting on events involving Russian or Belarusian governing bodies. The IBA is the last international sports federation still headed by a Russian citizen and the only one that allows Russian athletes to compete under its flag and play its national anthem.

All outstanding bets on the IBA in the state will be cancelled and refunded to sportsbook users.

Since 1946, the IBA has been responsible for all official Olympic boxing competitions. However, the International Olympic Committee (IOC) has banned the IBA from overseeing Olympic boxing competitions starting with the 2020 Tokyo Olympics after concerns were raised about its governance, financial management and integrity.

The IBA was also at the centre of a controversy over the recent Olympic Games in France. Questions about Algerian boxer Imane Khelifs The dispute between her and her gender arose during the matches after one of her opponents stopped the fight just 46 seconds into the match.

After the fight, false reports began circulating that Khelif was a transgender woman, based mainly on her disqualification from the 2023 Women’s World Boxing Championship in New Delhi. The IBA disqualified her from the championship because she allegedly failed unspecified eligibility tests to participate in the women’s competition.

The IOC decided that Khelif met all the requirements to compete in the Olympic Games, and she eventually won gold in the women’s welterweight category.

Sports betting records strong numbers in July

Massachusetts posted strong numbers for sports betting in July. The state reported total sports betting revenue of $411,791,698 for the month. Licensed operators reported $41.2 million in taxable gaming revenue for the month, giving the state $8,187,324 in tax revenue from sports betting.

DraftKings again led the way in the state, reporting $202.07 million in online sports betting for the month, the most in the state. Massachusetts collected more than $4.06 million in tax revenue from DraftKings in July.

FanDuel reported $119.9 million in revenue from online sports betting and $2.57 million in tax revenue for the state.

Here are the full online sports betting numbers for July:

  • DraftKings: $202,073,080.92 in revenue, $4,062,660.96 in tax revenue
  • FanDuel: $119,939,122.40 in revenue, $2,572,471.17 in tax revenue
  • BetMGM: $27,542,533.10 in revenue, $552,023.26 in tax revenue
  • Fans: $20,952,662.51 in revenue, $446,618.32 in tax revenue
  • ESPN BET: $19,055,137.85 revenue, $297,328.17 tax revenue
  • Caesars Sportsbook: $13,231,280.39 in revenue, $182,944.55 in tax revenue
  • Bally Bet: $2,419,752.03 revenue, $23,050.02 tax revenue
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Robert Linnehan

Gambling
Author and editor for regulatory issues

Author and editor for regulatory issues

Gambling

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