Much excitement is building about America’s largest financial services firm readies for crypto trading. Fidelity Investments first announced their move into cryptocurrency back in October, and that they were building a crypto trading and custody platform. They’re now almost ready to launch their Fidelity Digital Assets Exchange. Fidelity Investments is an investment management company that was established back in 1945 as a mutual fund company. Over the years, they have become synonymous with providing a vast plethora of financial services in regards to wealth management and fund distribution, alongside offering solid investment advice. They are now getting closer to diversifying…

Lawmakers are considering a bill that could lead to Texas sports betting regulation for both online and mobile. Introduced by Representative Eddie Lucio III, H 1725 would make a total of five permits available in the state. Each permit would be designated with two skins. These permits would each cost $250,000, while operators that secure approval would pay 6.25% in tax on their sports betting handle. This would be collected on a monthly basis. Should the bill pass, players in Texas would be able to place bets on professional sports events, as well as US college sports competitions, with the exception…

Don’t look now, but here comes even more sports betting at the Hard Rock Atlantic City! The casino received permission from the New Jersey Division of Gaming Enforcement to begin so-called “soft-play” testing of equipment and systems for online sports betting, and did so last week. It is likely to be the last Atlantic City casino to join the sports book race. Hard Rock will be the eighth of the city’s nine casinos to offer sports betting. Caesars does not have it, but its customers are served by the sports book at its neighboring sister property, Bally’s. For more information…

Former State Senator Mike Kowall has predicted Michigan online gambling will be legalized in the state, despite outgoing governor Rick Snyder vetoing legislation for each vertical. Snyder refused to sign the gaming bills which were passed by the Michigan House and Senate during the final legislative session of 2018. However, Republican Kowall, who served as Michigan Senate Majority Leader until this earlier month, and sponsored the versions of Brandt Iden’s House Bills in the legislative chamber, says despite this opposition, he fully expects legislation to pass sooner rather than later. In an opinion piece for The Detroit News, Kowall said…

Oral arguments in the case against Ajit Pai’s net neutrality repeal are scheduled for Friday morning, and net neutrality advocates are confident that they will be victorious. The groups that sued the Federal Communications Commission to reverse the repeal argue that Pai offered insufficient legal justification for deregulating the broadband industry. The Obama-era net neutrality rules, which were upheld in court in 2016, relied on the FCC’s Title II authority over telecommunications services. When it eliminated the net neutrality rules, Pai’s FCC argued that broadband is not a telecommunications service and that it should be treated instead as a lightly…

The American gaming industry was thrown for a loop recently by the new DOJ sports betting decision. Congress was not vague in its intent when it enacted the Wire Act in 1961. The law, developed and supported by then-Attorney General Robert Kennedy, was never meant to establish new prohibitions on any type of gambling. Rather, it was designed to provide federal enforcement support for illegal interstate sports gambling or, as a House Judiciary report in 1961 put it, to “assist the various States and the District of Columbia in the enforcement of their laws pertaining to gambling, bookmaking, and like…

Is Bitcoin Cash dead or dying? The Bitcoin hardfork was touted to be the revelation of the crypto-world and a redefinition of Bitcoin itself, but 18 months later, it has fallen in the ranks. Cobra, a pseudonym for the infamous co-founder of Bitcoin.org and Bitcointalk.org has stated that Bitcoin Cash is worthless. In a tweet posted on January 18, Cobra stated that Bitcoin Cash is dead, not dying. Due to a lack of vision and purpose, the coin’s value will drop to $0 in a matter of years. Some users stated that their skepticism regarding Bitcoin Cash began after the November…

Pennsylvania gaming regulators are warning their online licensees to ensure their operations are compliant with the new US Department of Justice opinion on the 1961 Wire Act. On Friday, the Pennsylvania Gaming Control Board (PGCB) issued a memo to its online gambling licensees – none of whom have actually been cleared to launch their local sites – giving them 30 days in which to clarify how their individual operations might be affected by the DOJ’s new view on the Wire Act. On Monday, the DOJ’s Office of Legal Counsel made public a new legal opinion that the 1961 Wire Act…