Michigan Regulator Suspends TwinSpires; Company Subsequently Files Lawsuit in Response
Sports Betting Update: TwinSpires Refuses to Shut Down in Michigan
Photo by Michael Barera, CC BY-SA 4.0
Breaking News
- TwinSpires, a popular sports betting platform, has declined a request to shut down services in Michigan due to ADW (advance-deposit wagering) operations
- Michigan currently lacks a licensed race track
- The ongoing lawsuit allows TwinSpires to stay active in the state
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Michigan's Regulations on Sports Betting
Here's a quick rundown of Michigan's current sports betting regulations:
- Operators must follow stringent licensing requirements and undergo background checks, according to the Lawful Internet Gaming Act and the Gaming Control and Revenue Act
- The Michigan Gaming Control Board (MGCB) cracks down on offshore operators like SportsBetting.ag and BetOnline.ag for offering unlicensed sports betting, casino games, and esports wagering
- The MGCB enforces four pillars for legal sports betting and prediction markets: licensing, responsible gaming, consumer protection, and event integrity
Status of TwinSpires and Race Tracks
- While TwinSpires isn't directly mentioned in the latest advisories, licensed horse racing operators like Northville Downs or Hazel Park can offer ADW under specific conditions if they wish to engage in sports betting
- If race tracks choose to offer sports betting, they'd need separate licensing, adherence to the same regulatory standards as sportsbooks, and potential partnerships with MGCB-approved platforms
- The MGCB emphasizes zero tolerance for unlicensed operators and ongoing crackdowns on offshore sites. No cease-and-desist orders for TwinSpires appear in current reports, suggesting compliance if already licensed in Michigan
Stay tuned for further updates on TwinSpires' legal battles in Michigan. Don't forget to verify the platform's current status with the Michigan Gaming Control Board for the most accurate information. Happy betting!
- Michael Savio, known for his insights on the US online casino and sports betting industry, has pointed out that TwinSpires, a popular sports betting platform, has refused to shut down in Michigan despite the lack of a licensed race track in the state.
- In a related development, the ongoing lawsuit allows TwinSpires to continue operating in Michigan, as the platform is involved in advance-deposit wagering (ADW) operations.
- Savio's articles offer in-depth details about TwinSpires' refusal to shut down and the status of online casino and sports betting regulations in Michigan.
- If Michigan race tracks like Northville Downs or Hazel Park decide to offer sports betting, they'd need separate licensing, adherence to the same regulatory standards as sportsbooks, and potential partnerships with MGCB-approved platforms, similar to the approach being taken by TwinSpires.
- As the legal battles surrounding TwinSpires in Michigan continue, it's essential to stay updated on the platform's status by verifying information with the Michigan Gaming Control Board.
