Betfair and online gamblers received some very positive news from the New Jersey Racing Commission last week. Last Wednesday, the commission finally gave approval to online gaming firm Betfair to offer exchange betting on horse races to customers in New Jersey. The approval marks the end of a long and drawn-out process for Betfair that…
A bill seeking to legalize online gambling in Pennsylvania passed an important hurdle today. House Bill 649 cleared a vote in the House Gaming Oversight Committee and will now move forward to the house and senate for two more votes. If lawmakers in both bodies approve, it will go to Pennsylvania Governor Tom Wolf for…
Gambling, politics, New Jersey and student loans. One of these doesn’t fit, and I bet you can guess which one it is. New Jersey has been all over our radar in recent years as the first state to go full bore on legalizing online gambling and poker. A recent proposal by a New Jersey assemblyman…
On June 4th, the New Jersey Department of Gaming Enforcement (DGE) issued a Director’s Advisory Bulletin advising online betting affiliates to stop promoting unlicensed offshore sites to players in the United States. People who currently promote illegal gambling sites have 150 days to fall in line and receive amnesty from any future legal action.
In between Sheldon Adelson scaring us all with his promises to ban online gambling “whatever the cost” and various anti-gambling bills proposed at the federal level, there is some reason for optimism over the long run. There’s a small but unmistakable trend calling for better regulation of online gambling. Regulation is the key word there,…
Cryptocurrencies and horse racing betting is a combination nobody would have imagined just a few years ago. The horse racing industry has fought to shed the “old timers” stereotype of horse handicappers by expanding its presence to the internet and marketing to younger, internet-savvy users. Meanwhile, cryptocurrencies like Bitcoin fall in the province of exactly…
Payment processing has been one of the biggest challenges facing the New Jersey online gambling industry since online poker and casino games were legalized in late 2013. Reports of declined deposits to legal gambling sites have poured in since the beginning. This has left many players unable to fund their accounts and play online.
NBA Commissioner Adam Silver took a surprising stance on legal sports betting in a November 13th opinion piece posted at the New York Times. In the statement, he argues that the National Basketball Association needs to rethink its long tradition of opposing any expansion of legalized sports betting in the United States.
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