Home / 2016 / July

Monthly Archives: July 2016

Cyprus Readies Regulated Online Sports Betting

Thousands of Cypriots will have access to regulated sports betting as soon as October 3 as their country preps for its first legal online sports books. It’s a massive leap forward for a country that once shunned regulated gambling of all kinds. The idea of regulated online sports betting isn’t …

Read More »

Florida Judge Rules Bitcoin is Not Money

A Florida man accused of money laundering is a free man today after a Miami judge ruled the Bitcoins used in the alleged transaction aren’t actually money. The case is a milestone in Bitcoin litigation and has been closely watched by the Bitcoin community. At issue is whether a Bitcoin …

Read More »

Do Lotteries Exploit the Poor? Not as Much as You Might Think

Do national and multi-state lotteries like the Powerball take advantage of low-income players? That’s a long-held notion that’s trotted out whenever the Powerball starts climbing past the $ 500 million mark, only there’s just one little problem with that idea. According to a recent Gallup Poll, that idea might not …

Read More »

Nevada Casinos Ready Prep for Olympic Betting

Nevada sports books are prepping for their first venture into Olympic betting for the first time in more than a decade. Their expectations for making big bucks, however, are pretty low. Olympic betting is hardly new and has been offered in practically every country except the United States for a …

Read More »

Judge Kicks DraftKings Gambling Suit Back to State Court

Beleaguered daily fantasy sports operator DraftKings is reeling tonight after a federal judge refused to hear a “problem gambling” case against the company in his court. Judge Harry S. Mattice Jr., that the suit brought against DraftKings by plaintiff Erica Miller did not meet the standard to be heard in …

Read More »

NFL Lawyer Coughs up Legit Argument Against Regulated Sports Betting

After decades of arguing against regulated sports betting because it might impact the integrity of the game, an NFL lawyer recently coughed up the league’s real reason for the war on sports betting. It turns out the league is actually worried that regulated sports betting might overshadow the product they’re …

Read More »

US Daily Fantasy Sports Update: Delaware, New York and Tennessee

Across the United States, lawmakers are grappling with what should be done about daily fantasy sports. Most state lawmakers agree that something needs to be done but solutions vary widely from state to state. Here’s a quick look at lawmakers in Delaware, New York and Tennessee are dealing with daily …

Read More »

Brazilian Government Eyes Online Sports Betting Monopoly

Brazil’s troubled interim government is considering a revenue raising option that most governments would dare risk; an online sports betting monopoly. It’s a desperate move that would take the Brazilian online gambling marketing in exactly the opposite direction of the rest of the world. Brazilian lawmakers have been trying for …

Read More »

New Jersey, UK Discuss Shared Poker Liquidity

New Jersey’s growing online poker market could be in a for a major shot in the arm if a proposal to share liquidity with the UK market comes to pass. It’s an audacious plan that faces some significant regulatory hurdles before becoming a reality. On its face, the plan is …

Read More »