iBET ETF Insights: The USFL is set for a relaunch of its football league that rivals the NFL, though not in talent. Along with the launch, they have announced that 15 states across the country have authorized licenses to start to accept wagers on the USFL. The revamped season for the USFL is set to begin on April 16th with the New Jersey Generals facing the Birmingham Stallions. The USFL is divided into two divisions North and South, teams are set to play 10 regular season games with 2 rounds of playoffs. The league was originally shut down in 1986 when they tried to challenge the NFL and move their games to fall. The USFL will give bettors something other than basketball to place bets on at a time right now where baseball is filled with uncertainty.

iBET ETF Insights: Two years ago, Chicago opened its doors to allow for sports betting at its casinos, and since then they’ve done $9 Billion in wagers across the state. With a new law Sunday, residents are now able to sign up for sports betting accounts on their phones instead of driving down to the casino. The staggered opening allowed the brick and mortar casinos to get a head start on operators such as FanDuel and DraftKings. With March Madness around the corner, the online registration process could have a substantial effect.