NJ.com – Should Congress pass legislation that would outlaw online gambling across the country — thus quashing New Jersey’s recent move to legalize internet betting? U.S. Sen. Lindsey Graham (R-South Carolina) and U.S. Sen. Dianne Feinstein (D-California) are sponsoring the measure that would reimpose an interpretation of the federal Wire Act, which says betting over the internet violated the law. The U.S. Justice Department reversed course in 2011, leading Nevada, Delaware, and New Jersey to legalize the practice. New Jersey instituted online gambling in November. The senators said the Justice Department’s opinion was “yet another example” of the Obama administration…

Casino Scam Report – Delaware and Nevada have high hopes to launch their newly approved internet gaming agreement this summer and Gov. Brain Sandoval is hoping after recent talks with New Jersey Gov. Chris Christie that more states will join in on the compact. Sandoval is urging stated to join as he promises a regulatory structure along with his states capabilities to supply an infrastructure for states lacking a current platform. “I think it’s important for them to know that we’re capable of doing this. I trust the regulatory process we have. We vetted this with Delaware for several months…

iGaming Business – The Gaming Standards Association (GSA) will be aiming to establish a “universal online gaming standard” for the industry during a series of meetings set to take place in London on 9 and 10 April. The meetings, hosted by GSA member Playtech, will cover all aspects of the relationships between igaming companies and content providers and suppliers, regulators and land-based operators. Valery Gelfman, Playtech consultant and Chair of GSA’s Online Gaming Committee (OGC), said: “A successful online gaming operation requires multiple integrations with third-parties including external content providers, monitoring authorities and, in many cases, brick and mortar operation….

Poker Update – Sports fans who fancy themselves as successful in the art of predicting winners of sporting events now have a social sports betting site in which to display their talents with the launch of Tipday. The new betting site is free and aims to revolutionize wagering on sporting events by allowing players to make predictions or tips on a wide range of sporting contests from English Premier League football to NBA basketball. Those tipsters who do indeed show a penchant for selecting winners can earn a number of risk-free prizes that include choice seats to sporting events. Tipday.com…

Venture Beat – Gamblit Gaming is announcing today it has raised $12 million in funding for its real-money gambling platform. But rather than convert a social casino slots game into a gambling game, Gamblit is looking for something altogether new. Glendale-based Gamblit wants to make it easy for game developers to create games that can be easily adapted for real-money gambling in places such as the United Kingdom, where online gambling is legal. The money came from American Capital, a publicly traded private equity firm with $19 billion in assets under management. Gamblit handles tasks such as building regulated technology,…

Pokerati – This past week, two sources of information became available indicating how the Canadian government will increase its regulation and oversight of virtual currencies, including bitcoin. Through a combination of legislative and regulatory changes, Parliament and the Financial Reports Analysis Centre of Canada—Canada’s financial intelligence unit—will wrap “dealers” in virtual currencies into the current money services business regime. Conceptually, this is somewhat similar to the approach taken to exchange functions by the Financial Crimes Enforcement Network in the United States. The federal government has clarified things somewhat but, at the same time, left us with many unanswered questions. We will have to wait…