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Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
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August 22, 2025
Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
By: Michelle Cohen
Last week, I moderated a panel on the sizzling topic of prediction markets at the annual Racing and Gaming Conference at Saratoga. This conference brings together legislators, regulators, and industry professionals from a wide range of organizations in the gaming ecosphere – from horse trainers, to representatives of game suppliers and sports betting companies. It is a conference where the “old” (horse racing) and the “new” (i-Gaming and other online operations such as skill games and sweepstakes) converge. So what’s new in the “traditional” world of horse racing? Panelists shared insights into the challenges faced at our nation’s horse tracks, including staffing the tracks in light of changes in immigration policies. One panel focused on off-track betting as a possible…
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Gambling Industry Takes on Addiction Prevention
July 28, 2025
Gambling Industry Takes on Addiction Prevention
By: Jordan Briggs
Last week, the National Council on Problem Gambling hosted advocates, regulators, counselors, and other industry participants in Columbus, Ohio for the National Conference on Gambling Addiction & Responsible Gambling 2025. With such a broad range of attendees, the conference offered many unique sessions geared towards different industry groups, including wellness sessions and recovery meetings alongside the overviews of ongoing, broad research and the operator-specific talks…
FAIR Treatment of Lost Bets
July 25, 2025
FAIR Treatment of Lost Bets
By: Avner Kronisch
Introduction On July 7, 2025, Representatives Dina Titus (D-NV) and Ro Khanna (D-CA) introduced H.R. 4304, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, commonly known as the FAIR Bet Act.[1] Two days later, Senators Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), and Ted Cruz (R-TX) introduced the Senate companion bill, S. 2230, titled Facilitating Useful Loss Limitations to Help Our Unique…
Wanted: A Quarterback for Legalization Of U.S. Sports Betting
August 12, 2015
Wanted: A Quarterback for Legalization Of U.S. Sports Betting
By: Jeff Ifrah
*This piece first appeared on the site LegalSportsReport.com on August 11, 2015 Welcome to one of the biggest business opportunities on Planet Earth: legalized sports betting in the United States, the land of the free and the home of 200 million sports fans. It hasn’t happened yet, but odds are, it will. And when it does, the overwhelming spoils will go to licensed and law abiding actors…
Captain Obvious Makes Landmark Ruling: Texas Hold ‘Em Is Poker
July 24, 2015
Captain Obvious Makes Landmark Ruling: Texas Hold ‘Em Is Poker
By: Nicole Kardell
Texas Hold ‘Em is poker. This probably doesn’t come as a surprise to most, but the pronouncement was a serious disappointment to an Idaho casino. The Ninth Circuit U.S. Court of Appeals ruled this week that the Coeur d’Alene Tribe’s Idaho-based casino could not lawfully offer Texas Hold ‘Em on its site as the game was in fact poker, and poker is specifically prohibited by Idaho’s…
Another Bill to Expand the Wire Act: Bad Law Clothed in a Lie
June 25, 2015
Another Bill to Expand the Wire Act: Bad Law Clothed in a Lie
By: Ifrah Law
It is ironic that recent proposed legislation that would expand the scope of the federal Wire Act comes from a U.S. senator in the South, where “states’ rights” has always been a rallying cry. This past week’s focus on the presence of the Confederate battle flag on the grounds of the South Carolina capitol (and elsewhere) brought back to the fore the specter of “states’…
Minnesota Phases Out State Lottery-Operated Online Games
May 21, 2015
Minnesota Phases Out State Lottery-Operated Online Games
By: Michelle Cohen
Minnesota’s legislature recently passed a bill that bars the Minnesota Lottery from offering online games, following a four month transition period. Specifically, the new law bans the lottery director from offering “the play of, on an electronic terminal, through a Web site, or by any other means or device, casino-style games, including but not limited to blackjack, craps, keno, dice games, roulette, or poker.” The…
The “Fight of the Century” in its 13th Round
May 8, 2015
The “Fight of the Century” in its 13th Round
By: Nicole Kardell
It’s not uncommon to see sports fans get emotional at a game, match, race, or fight. They feel invested in their team, invested in their athlete. For the sports bettors out there, that investment may be literal, but for most it’s largely emotional. So at the hour of defeat do disappointed fans have a legal right to a return on their investment if the contest…
