Tag Archives: entity betting
- SEC probes three Nevada entity wagering funds
November 10, 2016
The U.S. Securities and Exchange Commission (SEC) has summoned three Nevada entity wagering funds in what pundits believe to be another witch hunt for possible securities violation. According to Legal Sports Report, SEC Atlanta Regional Office issued subpoenas to this still unidentified entity funds on Monday. Citing the documents that...
- Entity betting struggles to gain foothold in Nevada
September 19, 2016
Despite claims that it is going to become the next big thing in sports wagering, entity betting is off to a slow start in Nevada. The reason? Lack of involvement among sports books. In June 2015, Nevada Gov. Brian Sandoval signed the state’s entity betting law, which allows out-of-state residents to...
- Betfair celebrates as New Jersey issues America’s first exchange wagering license
November 21, 2015
New Jersey has become the first US state to issue an exchange wagering license, ending a long and often frustrating journey for the US division of UK-listed betting exchange Betfair. On Wednesday, the New Jersey Racing Commission held its latest executive session, at which it formally approved an application by...
- Nevada sportsbooks get go-ahead for mutual fund style ‘entity’ wagering
June 3, 2015
Nevada Gov. Brian Sandoval has signed his state’s ‘entity’ betting law, offering out-of-state residents the ability to wager – albeit passively – with Nevada sportsbooks. On Tuesday, Sandoval signed Senate Bill 443, which authorizes Nevada-licensed sportsbooks to accept wagers from business entities, which will represent pools of investors. These investors...
- Nevada entity sports betting bill advances; Wizards owner backs betting
April 18, 2015
Nevada’s ‘entity’ sports betting legislation was narrowly approved by the state Senate on Thursday. Legislators approved SB 443 by a vote of 11-10, split strictly down party lines, Republicans edging out Democrats. The bill now heads to the state Assembly, where Republicans hold a larger majority. SB 443 would allow...
- Nevada resumes push to allow ‘entity’ betting at state sportsbooks
April 3, 2015
Nevada state legislators have resumed their push to bring so-called ‘entity’ betting to the state’s sportsbooks. On Tuesday, a Nevada state senate committee held a hearing on SB 443, which would allow business entities to place wagers with sportsbooks. The bill would allow individuals the opportunity to share in the...
Law panel leans towards regulating gambling in India
March 20, 2017
Nevada legalizes Parimutuel Betting on eSports
October 17, 2017