A new DOJ legal opinion states that the 1961 Wire Act is not only applicable to sports betting but also to all forms of online gambling—reversing an opinion it issued in 2011. The issue focuses on the absence of a comma in the section that prohibits “the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest.” The new ruling could become a trigger for major financial institutions to become wary of processing transactions for any domestic online gambling operators.
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The Story
A new DOJ legal opinion states that the 1961 Wire Act is not only applicable to sports betting but also to all forms of online gambling—reversing an opinion it issued in 2011. The issue focuses on the absence of a comma in the section that prohibits “the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest.” The new ruling could become a trigger for major financial institutions to become wary of processing transactions for any domestic online gambling operators.
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CalvinAyre.com’s Lee Davy interviews the New York Times best-selling author and poker player on her thoughts about poker players, the industry, and projection.
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The Global Threat Index for December 2018 shows Coinhive remains to be the top cryptomining malware, affecting 12% of organizations worldwide.
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Are you ready to turn into a Hollywood vampire? Fire & Ice, the biggest social gathering in the iGaming industry, brings a night of glam metal rock and roll on February 6, 2019 at the Troxy in London.
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Congratulations to Quinton Singleton for being appointed as the new Chief Operating Officer of Bet.works! Singleton has over 12 years of executive experience across operators and suppliers, including stints in Scientific Games, Deloitte, and Lewis Roca Rothgerber Christie. |
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Talk about your failures without apologizing.
