The Connecticut Attorney General is pouring cold water on a new plan to tax daily fantasy sports sites that operate in the state. He's worried that proceeding with the plan could jeopardize the state's current gambling compacts with tribal gaming interests. At issue is a proposal being considered by the Connecticut State Senate to tax…
New Jersey could descend into a cauldron of drugs, prostitution and chaos if voters approve an expansion of New Jersey casino gambling outside of Atlantic City. That's what Atlantic City Mayor Don Guardian thinks, anyways. Guardian's dire warning came as the State of New Jersey refused to loan Atlantic City the money it needs to…
The daily fantasy sports industry is in a fight for its life in courtrooms and state houses across the United States. While these battles are bruising, and costly, DFS operators have actually scored a couple big wins since the new year dawned. The first big win came in New York state, where the state's attorney…
Just when it looked like things couldn't get much worse for the daily fantasy sports industry, the New York State attorney general Eric Schneiderman has thrown a new set of worries their way. He's demanding that Draft Kings and Fan Duel refund every penny the New York-based players have lost on their sites. $5,000 per New…
The team at TheScore.com thinks that they've found the solution to the daily fantasy sports industry's quagmire of legal problems in the form of QuickDraft, a free-to-play DFS app. QuickDraft uses a novel, though not original plan for doing an end run around the United States' ban on sports betting by keeping the element of…
US lawmakers have scheduled a hearing for December 9 to discuss the future of the anti-online gambling bill known as the Restoration of America's Wire Act (RAWA). If passed into law, RAWA would overturn the Department of Justice's 2012 ruling that overturned the old US Wire Act and, essentially, put the power to legalize online…
Shift Card is a new Bitcoin-based debit card that's looking to bring digital currency to regulated gaming markets. On its own, the card isn't really different from a pre-paid Visa card you can currently buy at just about any convenience store on the planet. But the cash you'll be spending with it is is all…
The daily fantasy sports (DFS) industry seems dead set on proving the old saying, "There's no such thing as bad publicity," as a hopelessly dated anachronism. Just one week after news of a major insider trading scandal splashed across the web, the industry has attracted the attention of revenue hungry state politician. This week, lawmakers…
New York State Attorney General Eric T. Schneiderman has launched a formal inquiry into the daily fantasy sports (DFS) industry in the wake of the insider trading. It's the first, but not likely the last, piece of fall out from the scandal involving DFS employees winning big bucks on rival DFS sites. The Attorney General…
In the gambling business, a few demographic stereotypes are generally held up as the Gospel truth. Specifically, there's long been a belief that Australians are the biggest gamblers in the world and that at least one Asian-Pacific country, usually China, is in a not-too-distant second place. As it turns out, those stereotypes aren't necessarily supported…
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