Possible Legalization of Sports Betting Stirs Gambling Tech GiantsLast Edited:
Some of the leading gambling technology companies are fighting for the top spot in the sports betting industry before courts have even made a decision to legalize it in the United States.
The United States Supreme Court is preparing to hear a case brought on by the State of New Jersey to make sports betting legal in all states across the country and it's already causing heavy competition among major companies.
NYX Gaming is suing London-based William Hill over the proposed acquisition of NYX by Las Vegas-based Scientific Games.
The lawsuit was filed after Hill, who owns stock in NYX, threatened to use the company's voting shares to block the sale unless it receives certain assurance from Scientific Games about what the newly merged company will and won't be able to do.
NYX officials say those requests are "extortionate" and anti-competitive.
Sports betting is currently only legal in four states — Delaware, Montana, Nevada and Oregon.
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