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Legal
March 22, 2023
North Carolina Bill Proposing Betting Expansion Gains Traction
In the years since PASPA was struck down by the US Supreme Court in 2018, different states have gone through the process of legalizing and launching sports betting activities in some form. While many states offer retail, as well as mobile sports wagering, some, such as North Carolina, offer only retail betting options. However, this […]
Legal
March 21, 2023
Trainee Lawyer Embezzles Money to Repay Gambling Debt
The ruse ended when a regular audit brought to light a couple of suspicious payments. The 31-year-old Tauseef Sadeeq couldn’t come up with plausible explanations when questioned, leading to a deeper investigation, ending with Sadeeq being sentenced to prison time. Sadeeq Won’t Be Practicing Law Anymore He was the first-ever trainee at the law firm, […]
Legal
March 21, 2023
PredictIt Has Until April 5 to Respond to a CFTC Letter
PredictIt, a platform that allows customers to wager on political and financial events, is under fire by US regulators that seek to shut down the exchange. In response, the exchange filed a lawsuit, which still continues. Amid the heated battle between PredictIt and the Commodity Futures Trading Commission, the exchange’s deadline to respond to a […]
Legal
March 21, 2023
Tennessee Seeks to Tax Betting Handle Instead of Revenue
After PASPA’s repeal in 2018, Tennessee legalized sports wagering in May 2019. Then, November 1, 2020, marked the launch of the legal online sports betting market in the state. Currently, sports betting operators are subject to a 20% tax on sports betting revenue. Moreover, to operate in the state, licensees are subject to meeting license […]
Legal
March 21, 2023
Connecticut Wants to Ban Gambling Ads Targeting Students
Connecticut was one of the states that legalized sports betting a few years ago. This became possible thanks to the US Supreme Court that struck down PASPA back in 2018. Not much later, in September and October 2021, Connecticut launched retail and online sports betting respectively. Since the introduction of the activity, the state has […]
Legal
March 20, 2023
Another Attempt at Sports Betting Legalization in Georgia
An amendment to a bill in Georgia is bringing the topic of sports betting legalization in the state back to the table and will need no amendment to the state constitution. Unclear Chances of Success The legalization of sports betting was piggybacked on House Bill 237 by the Senate Economic Development and Tourism Committee on […]
Legal
March 20, 2023
The Star Confesses Sale of Gambling Chips with Credit Cards
A probe into Star Entertainment’s operations last year uncovered deficiencies and alleged ties to criminal activities such as money laundering. The investigation, led by Adam Bell SC, which became popular as the Bell Review, sought to determine the eligibility of The Star to hold a license. In light of this, the NSW Independent Casino Control […]
Legal
March 17, 2023
TNT Amusements Takes Torch Electronics to Court in Missouri
Torch Electronics, a company offering video slot machines across Missouri, has gotten itself into trouble as one of its competitors will be taking it to court. TNT Amusements, a local firm operating gaming machines, claims that Torch’s offerings are illegal and undermine its business. TNT said that its profits have plummeted since its competitor started […]
Legal
March 16, 2023
Ohio Gambling Regulator Has Issued $1M Penalties So Far
Since then, the gambling regulator, the Ohio Casino Control Commission, has issued a litany of penalties that has now topped $1 million. The latest operator to be booked by the watchdog is BetMGM which was slapped with a $150,000 fine on Wednesday. Penalties Fly All Around in Ohio In its decision, the OCCC alleges that […]
Legal
March 16, 2023
Iowa Catches Online Casino Legalization Fever in 2023
A bill filed in the Iowa General Assembly this Monday wants to see the legalization of online casino gambling in the state and expand the reach of gaming. Presently, the land-based casino industry supports 17,420 jobs and has an estimated economic impact of $2.8 billion across the 23 commercial and tribal properties in the state. […]
