Rhode Island Lottery issues six cease-and-desist letters to online operators
The regulator took action against the online casinos following the growth of prediction markets in the US, including partnerships formed by operators such as FanDuel and Underdog Fantasy.
Key Points
- Operators issued cease-and-desist letters include BetUS, BetOnline, MyBookie, WildCasino, YouWager and Bovada, all of which offer traditional online sports betting
- Rhode Island Attorney General Peter Neronha ordered the state police to launch an investigation into online gambling operators at the Department of Revenue’s request
The Rhode Island Lottery, overseen by the state’s Department of Revenue, issued six cease-and-desist letters to online gambling operators which currently offer traditional mobile sports betting to eligible residents.
The notices were followed by an official investigation conducted by the Rhode Island State Police at the request of the Department of Revenue and ordered by Attorney General Peter Neronha.
The regulator took action against the online casinos after witnessing the growth of prediction markets across the US, including partnerships formed by operators such as FanDuel and Underdog Fantasy.
Operators issued cease-and-desist letters include BetUS, BetOnline, MyBookie, WildCasino, YouWager and Bovada, all of which offer traditional online sports betting but do not partake in prediction markets operations at the time of writing.
Good to know: Evolution formed a new partnership agreement with Bally’s Corporation on July 3 to not only officially establish the supplier’s presence in Rhode Island, but also expand the operator’s content library throughout the state
Currently, only one sports betting application managed by International Game Technology (IGT) is authorized to provide online sports betting services in Rhode Island as part of a contract signed by IGT which gives the state half of all generated revenue and expires in November 2026.
FanDuel formed a new partnership with derivatives marketplace CME Group to begin the development of “fully funded, event-based contracts with defined risk” on August 20, while Underdog Fantasy will collaborate with Crypto.com to incorporate contract trading into its offering.
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