online gambling

States Tell Feds Stay Out of Sports Betting Regulation

In the wake of a United States Supreme Court ruling, state sports betting regulation is being challenged by major sports leagues that believe gambling should be overseen at the federal level. A statement on Tuesday issued on behalf of four state regulators by the International Center for Gaming Regulation at the University of Nevada, Las Vegas, concludes that “coordinated action among jurisdictions” — states and tribal agencies — is the key to stopping illegal betting and possible corruption of the sports themselves. Although the regulators welcomed “strong support from federal-level enforcement agencies,” they took a direct swipe at the leagues,…

Federal Sports Betting Legislation Gets Tribal Support

Whilst state governments are pushing for a legal sports betting industry nationwide, Congressman Frank Pallone, Jr. (NJ-06) introduced a bill to regulate national operations. Sports betting sector is federally banned in the United States, as the Professional and Amateur Sports Protection Act of 1992 (PASPA) only allows operations in Oregon, Delaware, Montana and Nevada. Pallone’s bill was supported by tribal operators, which will be included as potential bidders during the licensing process, as a source revealed to Legal Sports Report. The federal legislation would not interfere with the Indian Gaming Regulatory Act (IGRA) nor affect the current gaming agreements between…

New Jersey Closing in on Fantasy Sports Regulation

New Jersey has taken a step closer to legalising daily fantasy sports (DFS) after a state Assembly committee cleared a bill that would regulate the industry. The proposed legislation sets out rules to charge DFS companies a fee of 10.5% on gross revenue in order to legally operate in the US state. Although the exact amount that the state would collect under this structure is unclear, the NorthJersey.com website said Chris Grimm, a consultant for DFS firms DraftKings and FanDuel, estimated the figure at approximately $1 million (€933,532) each year. More at iGaming Business

Online Gambling Regulation: Just Follow the Money

With online poker back on the agenda in California, the political games have started. As usual, it’s all about the money. We also look at one of the candidates in the upcoming US presidential election. This week’s special offer is from bet365 Poker!

online gambling

Better Regulation for Better Online Gambling

The U.S. government’s attempt to crack down on Internet gambling is widely seen as a convoluted mess. Yet, more controlled and defined regulation would likely benefit the $41 billion industry and protect consumers alike, finds a new study by Michigan State University business scholars. The study is the first to estimate the costs and benefits of the Unfair Internet Gambling Enforcement Act, which was signed into law by President George W. Bush in 2006. Despite ongoing uncertainty and confusion stemming from the law, the industry has reacted positively, with the value of publicly traded online gambling firms increasing nearly 3…

online gambling

Over 60 Countries Now Regulate Online Casinos

Over 60 countries around the world license online casinos, the US is the worst country for gamblers, and 56 percent of the world’s population faces some form of online gambling ban, but ordinary players are not penalised in most cases. These are the main findings of a research project into online gambling access, by affiliate KeyToCasino. Looking at sources in 46 languages from 225 countries, KeyToCasino researched online and land-based casino access and then gave each country a Gambling Availability Score. A key part of this score was the policy of online casinos. For example, 14 percent of casinos restrict…