This Week in Gambling

Imagine an online gambling company turning players away because they’ve lost too much money. That will become reality in a few weeks in Aland, a small autonomous island group in the Baltic Sea off the coast of Finland. Aland-based Paf will become the first international online gambling company to introduce a loss limit on September 1st. The company estimates the limit — 30,000 euros or about $35,000 in U.S. currency a year — will result in a 5 percent reduction in annual profits. But Paf executives believe they can and should do it because they believe strongly in their responsible…

Monmouth Park, a New Jersey sports book, is suing US sports leagues for more than $150m (€128m) over their part in the blocking of betting in the state over the last four years. Owners of the racetrack named the National Collegiate Athletic Association and professional sports leagues, including American football’s NFL, basketball’s NBA and Major League Baseball, in court papers issued in May, according to the Philadelphia Inquirer. The New Jersey Thoroughbred Horsemen’s Association Inc claims the organisations “wrongfully” blocked New Jersey sports books from taking wagers since New Jersey attempted to legalise sports betting in 2014. The major sports…

Interstate Sports Betting? Betting on sporting events across state lines? The Supreme Court’s sports betting decision in Murphy v. NCAA dramatically altered the landscape for sports betting in the United States by declaring that the Professional and Amateur Sports Protection Act (PASPA) is unconstitutional. As a result of this decision, States are now free to legalize sports betting without any federal interference. With the demise of PASPA, the Wire Act looms as the most important federal law affecting the future of sports betting. In short, the Wire Act prohibits any person or entity engaged in the business of sports betting…

Organizers of the 2018 World Series of Poker have announced that this year’s main event is the second biggest of all time with a huge field of 7,874 players taking their seat at the Rio All-Suites Hotel & Casino in Las Vegas this week. The impressive figure comfortably beats the 7,221 who took part last year and is eclipsed only by the famous 2006 event which saw Jamie Gold defeat a monster field of 8,773 players. The 2018 WSOP main event kicked off on Monday with the 7,874 entries creating a prize pool of more than US$74 million, including US$8.8…

The Meadowlands Racetrack in East Rutherford, New Jersey, says it plans to start taking sports bets on July 14. The track had previously estimated it might begin taking bets a day later. An opening ceremony is set for that morning, with the first bets placed by invited dignitaries. The track’s sports betting operation will then be open to the public. The Meadowlands will be the second track, after Monmouth Park, to offer sports betting in New Jersey. More at Tampa Bay Times

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