Showing posts filed under: Ifrah on iGaming by George Calhoun

July 14, 2022

Is My Crypto Safe if My Exchange Declares Bankruptcy?

Celsius Network LLC, one of the largest cryptocurrency lenders in the industry, filed for bankruptcy protection on Wednesday, July 13th. The filing comes just a month after the company halted customer withdrawals, swaps, and transfers “to stabilize liquidity” on account of extreme market conditions caused by a dive in cryptocurrency prices. As such, many crypto-investors… Read More

April 13, 2021

Maryland Legislature Poised to Send Sports Gambling Bill to the Governor

As part of the 2020 election, Maryland voters approved a Constitutional amendment to allow sports betting.  In February, I reported on the Maryland legislature’s efforts to pass a new bill to legalize and regulate sports gambling.  The state passed another milestone yesterday when the Maryland Senate unanimously approved a new sports wagering bill. The bill… Read More

September 26, 2019

What About Gaming? The House Passes the SAFE Banking Act, Putting Cannabis Ahead of Regulated Gambling

The inability to secure banking services has created enormous difficulties for state level, legal cannabis industries.  Eleven states and the District of Columbia have legalized the recreational use of marijuana, and a majority of states also have legal medical marijuana programs. Nonetheless, “marihuana” remains a Schedule I controlled substance under the Controlled Substances Act and its… Read More

July 29, 2019

North Carolina on the Verge of Legal Sports Betting

In April, I spoke to the North Carolina Bar Association concerning the future of sports betting in the state.  At the time, a bill to legalize sports betting was making its way through the legislative process.  Last week, the North Carolina legislature finally passed a bill authorizing sports wagering at the state’s two Eastern Band… Read More

June 4, 2018

Effective Sports Betting Regulation Must Cover Mobile and Online Betting, Too.

On May 14, 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act (“PASPA”), clearing the way for states to legalize sports gambling. In its wake, many states are now rushing to do just that. Currently fourteen states have legislation pending that would authorize some degree of sports wagering. An additional five… Read More

January 10, 2018

The Perverse Impact of Indiana’s Proposed “Integrity Fee” in Sports Gaming

Anticipating a positive ruling from the Supreme Court in Christie vs. NCAA, legislators in Indiana have introduced a new sports wagering bill.  Unfortunately, the bill includes a previously unseen poison pill in the form of a 1% “integrity fee” payable to the governing sports bodies: A sports wagering operator shall remit to a sports governing… Read More

May 24, 2017

New Jersey Sports Gaming In Flux: State Moves to Regulate Daily Fantasy Sports While Legalized Sports Betting Faces Greater Hurdles

In a highly-anticipated brief by the Solicitor General, the United States argued today that the Supreme Court should not take up New Jersey’s challenge to federal laws preventing it from legalizing sports betting. Despite President Trump’s knowledge of, and seeming sympathy towards, the gaming industry, his Solicitor General claims that the “limited practical consequences of… Read More

April 19, 2016

New Jersey Issues Bulletin Clarifying Licensure Standards for Internet Gaming

Today, the New Jersey DGE issued a “Director’s Advisory Bulletin” clarifying how it would apply its suitability rules to gaming license applicants who conduct internet gaming in other jurisdictions.  If you offer a game that is illegal in any jurisdiction, the DGE will consider you unsuitable and bar you from the New Jersey market.  The… Read More