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Shutting the Valve on Skin Betting
October 26, 2016

Shutting the Valve on Skin Betting

By: Nicole Kardell
A tried and true military strategy is to cut off your enemy’s supply lines: blow up a bridge and force a retreat. The tactic works in other situations too. It is regularly used by legislators and government agencies to address what they view as problem behavior from a particular industry. Instead of targeting the industry, they go after a major supplier, stakeholder, or intermediary. Want to take down online poker? Go after gaming sites’ payment processors (see Congress’ efforts through the Unlawful Internet Gambling Enforcement Act of 2006). Want to ensure U.S. taxpayers are paying up on their foreign income and assets? Force banks to do the reporting or pay an unconscionable penalty (see Congress’ efforts through the Foreign Account Tax Compliance Act of 2010). Want to go after online skin betting? Shut off the Valve, so to speak. The Washington State Gaming Commission is attempting to cut the supply lines in its initiative to crack down on online gambling of Counter-Strike: Global Offensive (CS:GO) skins. So it has put in... Read more

On September 26, 2016, the Philadelphia 76ers announced that they had acquired two leading eSports teams, Team Dignitas and Team Apex. Not to be outdone, the next day Team Liquid announced they had sold a controlling share to Golden State Warriors co-owner Peter Guber and entrepreneur Ted Leonsis, who is the majority owner of the… Read More

A Bank is a Bank
August 15, 2016

A Bank is a Bank

By: Steven Eichorn

Do you remember when I wrote about how a federal district court had ruled that an online poker account was akin to a bank account and should therefore be subject to FBAR reporting? It seemed nonsense to me at the time—and I also worried about whether the court’s expanded definition of a “financial institution” would… Read More

We are living in a virtual (or perhaps “augmented”) Pokémon explosion. You can’t get away from news of public craze over Pokémon Go. Players young and youngish have made the game today’s most popular app, outpacing Twitter and Tinder download rates. In less than ten days from its release, estimates are that almost 26 million… Read More

*photo obtained from https://gameora.tumblr.com/ In light of unprecedented controversy over the legality of “skin betting” and eSports gambling, Jeff Ifrah and two other attorneys took to Reddit to answer questions from players, fans, and professionals. Together with Bryce Blum and Ryan Morrison, Ifrah participated in an AUA (“Ask Us Anything”) thread on July 5, 2016—just… Read More

Eric Schneiderman’s Losing Lineup
June 27, 2016

Eric Schneiderman’s Losing Lineup

By: Jeff Ifrah

Defenders of DFS like to point out that it is skill-predominant. If the same can be said for public prosecution, then New York Attorney General Eric Schneiderman has been fielding one hell of a losing lineup. Between the two of them, DraftKings and FanDuel dominated the DFS space, and they still did after Schneiderman dumped… Read More

How the Gray Bill Tries to Keep Out Bad Actors
May 24, 2016

How the Gray Bill Tries to Keep Out Bad Actors

By: Steven Eichorn

The iGaming world is excited about Assembly Bill 2863—better known as the Gray bill because of lead sponsor Adam Gray—which would legalize and regulate intrastate online poker in California. A few weeks ago, the bill unanimously cleared the Assembly’s Governmental Organization Committee; now it looks set to clear the Appropriations Committee as well. Those are… Read More

It’s a familiar sight: rows of men and women, on a bus or a subway, hands and eyes glued to their phones. But they’re not talking or texting or e-mailing. They are playing slots, though not for real money. This is the world of social casino – the subgenre of social gaming featuring casino-style games… Read More

Exchange wagering—a fixed-odds variant of pari-mutuel betting—is making its U.S. debut today.  Monmouth Park, a racetrack in New Jersey, has begun offering on-site and online exchange wagering in cooperation with Betfair US. Beyond its own races, Monmouth Park has agreements for simulcast exchange wagering on ten racetracks around the country, with plans to expand the… Read More

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

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