California Online Poker bill may alter ‘Bad actor’ clause

iGaming Business – The so-called ‘bad actor’ clause could be altered when a fresh internet poker bill is presented in the US state of California in the next legislative session. Internet poker bills from California Assemblyman Reginald Jones-Sawyer and Senator Joe Correa were introduced by their authors in February this year, but ultimately scrapped earlier this month. However, Jones-Sawyer has suggested that the controversial bad actor clause – which excluded any operator or market affiliate involved in online gaming in the US after December 31, 2006 from applying for a licence – might be reworded for the 2015-16 legislative session….

Bitcoin Exchange Refuses Online Poker Transactions

Poker Fuse – A player at Seals With Clubs (SwC) has reported that Bitcoin exchange Coinbase cancelled his access to their services after he made a deposit onto the world’s leading Bitcoin-only online poker room. Coinbase stated that it is “a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department” and erroneously claimed that gambling “is illegal under US law.” The message went on to caution that “even if you live outside of the US we cannot provide services to your account for the purpose of any type of gambling activity.” Coinbase is a leading Bitcoin…

New Jersey online poker revenue grows in July

iGaming Business – The New Jersey Division of Gaming Enforcement (DGE) has reported that the US state experienced an increase in online poker revenue in July, ending three consecutive months of declining sales figures. The three licensed online poker operators in New Jersey took just under $2.2 million (€1.6 million) in July, which was up 4.8% on the $2 million generated in the previous month. Despite the increase, July proved to be the second least successful month since online poker became regulated in New Jersey last year, with June of this year being the least successful in terms of revenue…

‘Bad Actor’ Clause For Online Poker Legislation Would Be Unconstitutional

Card Player – Lawrence Tribe, a law scholar at Harvard, says that so-called “bad actor” clauses that aim to prevent a site like PokerStars from entering a regulated online poker market in the Unite States “would not survive federal constitutional attack.” Essentially, Tribe has argued, in a press release issued this week to the media, that enacting such a provision would be creating a “trial by legislature.” In 2012, PokerStars settled with the federal government without admitting to any wrongdoing in connection with the Black Friday indictment. The firm paid more than $700 million to the feds. Just last week,…

Regulated Online Poker in France Continues Steady Decline

Poker News – Is it doom and gloom in France? Some might say so, since regulated online poker has been steadily declining in France since new regulations began in 2010. According to the first quarter report released by France’s online gaming regulator ARJEL about the country’s online poker regulated market, the number of regulated cash game players is shrinking significantly. Cash game traffic dropped by 19 percent year over year, and perhaps even more alarming was the 28percent decline compared to two years ago. ARJEL also shared its concerns about trends in the French market by implying poker operators “are…

New Jersey online poker monthly revenue hits new low

iGaming Business – New Jersey online poker revenue levels hit a new low in May after the US state’s Division of Gaming Enforcement (DGE) reported a second consecutive monthly decline in internet poker revenue. The DGE posted online poker revenue of $2.3 million in May, a decrease of about 12.3% compared to the previous month. In April, the state also suffered a 19.3% month-on-month revenue drop to $2.6 million, but the May figures place online poker revenue at its lowest since it became regulated in New Jersey late last year. Total internet gaming win for May was $10.5 million, down from…