Earlier this week, the New York state attorney general’s office directed FanDuel and DraftKings to cease operating in the state after investigators concluded that these sites constitute a form of illegal gambling. The sites have vowed to fight this order, which would wipe out around 10% of their existing customer base, but the federal law that has allowed fantasy sports to exist may be the one that hurts them. [More]
online gambling
The Law That Allows DraftKings & FanDuel To Exist May Be The One That Comes Back To Bite Them
By 11.12.15
Nevada Becomes First State To Debut Online Gambling
By 4.30.13
Nevada has long been the mecca of gambling, with its casinos filled to the brim with blinking games, whirring roulette wheels and the shuffling noises of thousands of decks of cards. But who needs all that noise now that you can gamble online legally in the state? It’s the first state to open its virtual doors to legal gamblers, starting today. [More]
PokerStars Settles Online Gambling Lawsuit For $731 Million & Buys Its Rival To Boot
By 7.31.12
First there were three online poker companies facing charges of illegal internet gambling, and now there are only two, after the Department of Justice announced it’d brokered a deal worth $731 million in customer reimbursements. To settle the civil charges of money laundering and bank fraud, PokerStars says it will buy out the assets of its rival, Full Tilt and pay the government. [More]
Delaware Becomes First State To Allow Gambling In Casinos From The Comfort Of Home
By 6.29.12
Putting on pants too much for you, and yet you love gambling at the casino? Better move to Delaware if you don’t already live there, as the state has become the first to approve online casino gambling. That’s right, making bets on games you would usually only be able to play inside the casino, from the comfort of your couch. Whether or not you wear pants is your call. [More]
Legal Online Gambling May Be On The Way, Courtesy Of Justice Department
By 12.27.11
Online poker and other forms of non-sports internet gambling could become legal, thanks in part to a recently released U.S. Department of Justice opinion on a 50-year-old law. [More]
Congress To Legalize Online Gambling?
By 8.17.11
Only months after the federal government shut down access to online poker sites come reports that Congress could soon consider a bill that would legalize online gambling. [More]
UltimateBet Poker Site Admits Players Cheated, But Won't Name Names
By 9.18.08
Here’s a mystery story to distract you from the U.S. Banking Apocalypse. UltimateBet.com, “one of the top 10 poker sites,” has admitted that employees manipulated the software to cheat from at least January 2005 to January 2008, when some players started noticing an unusually high rate of wins for a certain user name. An Australian player mapped that user’s wins against accounts that had played a similar number of hands, and realized that “NioNio’s” wins were “less likely than ‘winning a one-in-a-million lottery on four consecutive days.'” But NioNio is just one part of the mystery.
