I see a positive future if the government considers making election betting a fully legal market. Let’s forget the "it will ruin the integrity of the election" argument because people are already betting on illegal platforms anyway. If they create a law to legalize it with proper guidelines, it could be a win-win situation. The government could rake in tax revenue from this growing industry while keeping things more transparent and regulated.
I'm really concerned about the aspect of it ruining the integrity of the elections, this is a very key reason most government wouldn't want to risk it because they wouldn't want a situation where influential people get into gambling on electoral outcomes and make further efforts just to win their bet and the credibility of the elections at some point will be affected in other to just help them get such done.
Topic: More law changes coming soon in the States regarding gambling (Read 664 times)
November 20, 2024, 03:41:26 AM
Apparently there’s also plans in the works to make online gambling much more prevalent. Right now online gambling is very dicey law wise , like for many casinos you have to go set your account up inside the physical casino or at minimum in the parking lot when on their WiFi network lol.
From my guess, this would possibly increase the tax on gambling because the more privileges, the heavier the tax to be paid, maybe over there in the states they want to generate more internal revenue from gambling since it is obvious the citizens are very good gamblers and would patronize it on the streets too. If implemented, the casinos that goes physical would gain more and so would the government, so it is a win win situation for both parties, unless Trump administration kicks against such implementations. 
November 20, 2024, 01:40:55 AM
IIRC, betting on election outcome is already legalized in the States, if i am correct it became legal few weeks to the just concluded presidential election and a quite a lot of Americans placed bets on the election outcome. I don't live in the United States, so i don't know what online gambling laws you are talking about, isn't it similar to what we have in other parts of the world where gambling is legal.
Hell yeah, this was the headline:US judge allows election betting, dealing blow to markets regulator
If it’s ruled legal, then bettors can place their bets without worrying about breaking any laws. This decision makes it clear that, for now, election betting is above board.
But who knows, during Trump’s time, there could be some tweaks to the rules. Hopefully, though, nothing drastic that would make election betting fully illegal, leaving no room for judges to step in. Let’s hope it stays this way.
November 19, 2024, 03:56:21 PM
According to what is known about the USA, each State has its own rules, I don't know what Trump can do to make things equal and convenient for those states that do not support gambling.
If Trump manages to do something about this, things can certainly be much easier for casino businesses and more jobs will be generated, I don't see it from a negative point of view like many, because sometimes it is not convenient to see things from the correct point of view, it is better, any good tool can be used for evil purposes.
Mostly, gambling is allowed in many countries compared to those who rejected to legalize it. But for most Muslim countries, gambling is definitely not allowed. However, if Trump will be able to make things work out for them and begin to open their countries on gambling, I think that will also increase the revenue of those countries, but if it’s not, gambling addiction won’t be able to grow so there’s also good reason behind it. If Trump manages to do something about this, things can certainly be much easier for casino businesses and more jobs will be generated, I don't see it from a negative point of view like many, because sometimes it is not convenient to see things from the correct point of view, it is better, any good tool can be used for evil purposes.
November 19, 2024, 03:22:51 PM
Was listing to the news during my morning get ready for work routine and they were discussing with the the recent election results, betting on the outcome of the president of the United States is likely to be legalized soon. I forget why, but had no idea it wasn’t legal.
Either being official or not, people are still gambling on the US election and they are making money from it, except if now is the time that they are going to consider having a more legal approach in approving for that by the gambling platforms.
Apparently there’s also plans in the works to make online gambling much more prevalent. Right now online gambling is very dicey law wise , like for many casinos you have to go set your account up inside the physical casino or at minimum in the parking lot when on their WiFi network lol.
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
Maybe we should put all these under expectations or to do list, if they all happens as we have planned, then fine, but if otherwise, we are going to have the same gambling opportunity as it has always been.
November 19, 2024, 03:13:59 PM
According to what is known about the USA, each State has its own rules, I don't know what Trump can do to make things equal and convenient for those states that do not support gambling.
If Trump manages to do something about this, things can certainly be much easier for casino businesses and more jobs will be generated, I don't see it from a negative point of view like many, because sometimes it is not convenient to see things from the correct point of view, it is better, any good tool can be used for evil purposes.
If Trump manages to do something about this, things can certainly be much easier for casino businesses and more jobs will be generated, I don't see it from a negative point of view like many, because sometimes it is not convenient to see things from the correct point of view, it is better, any good tool can be used for evil purposes.
November 18, 2024, 10:26:17 AM
Was listing to the news during my morning get ready for work routine and they were discussing with the the recent election results, betting on the outcome of the president of the United States is likely to be legalized soon. I forget why, but had no idea it wasn’t legal.
Just specific about this? Or all gambling in general? Because after all the law related to gambling will apply generally and comprehensively. if it is made and legalized, it will really be different. It's just that for now, it seems that not all countries will do the same thing with such law. especially in countries that are very strict with gambling, its promotions, and everything related to gambling or betting. And if this is related to several online betting platform sites that provide this election bet, yes because they want to take advantage of the conditions that are quite viral. Yes, at that time the election betting was very uptrend, meaning this makes us more prepared to optimize the chances that exist during the election.
November 18, 2024, 10:18:09 AM
I see a positive future if the government considers making election betting a fully legal market. Let’s forget the "it will ruin the integrity of the election" argument because people are already betting on illegal platforms anyway. If they create a law to legalize it with proper guidelines, it could be a win-win situation. The government could rake in tax revenue from this growing industry while keeping things more transparent and regulated.
I'm really concerned about the aspect of it ruining the integrity of the elections, this is a very key reason most government wouldn't want to risk it because they wouldn't want a situation where influential people get into gambling on electoral outcomes and make further efforts just to win their bet and the credibility of the elections at some point will be affected in other to just help them get such done. 
November 18, 2024, 10:04:02 AM
Apparently there’s also plans in the works to make online gambling much more prevalent. Right now online gambling is very dicey law wise , like for many casinos you have to go set your account up inside the physical casino or at minimum in the parking lot when on their WiFi network lol.
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
These are unconfirmed reports, but since Trump has helped the online gambling industry in the past, there's a possibility that it could happen, The betting industry bet Trump to win this election and we see how online campaign do wonder on Trump's campaign, We really never know until he sits and creates an official policy on online gambling.
On his first term, there was a significant growth in online gambling. PADDY Tower, Betfair, and MGM invest heavily in online gambling, and on Trump's second term, we will see if further growth will happen.
November 18, 2024, 09:44:10 AM
I placed a bet on Trump's behalf when Trump won for the first time. If it wasn't legal then how did the gambling site (Bitsler) open the bet on their site? I do not still know whether it is legal or not and whether it was legal or not but I think it was legal and still legal and that's why gambling sites like Bitsler opened the betting option for the president Election in the USA.
It’s not just Bitsler, many online casinos have offered markets for the presidential election. However, keep in mind that most of these platforms, like Bitsler, are licensed under Curaçao. This means they aren’t bound by US laws.... unless they allow US citizens to bet on their platform, in which case the US government could pursue action against them. I’m assuming you’re not from the US or a US citizen, which is probably why you didn’t run into any issues with your betting.In the US, it’s the CFTC that penalizes platforms offering presidential election betting. However, their jurisdiction is limited to the USA, so unless you’re betting from there or they prove the platform is accessible to US citizens, they can’t do much.
November 16, 2024, 06:16:34 AM
Was listing to the news during my morning get ready for work routine and they were discussing with the the recent election results, betting on the outcome of the president of the United States is likely to be legalized soon. I forget why, but had no idea it wasn’t legal.
Apparently there’s also plans in the works to make online gambling much more prevalent. Right now online gambling is very dicey law wise , like for many casinos you have to go set your account up inside the physical casino or at minimum in the parking lot when on their WiFi network lol.
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
I placed a bet on Trump's behalf when Trump won for the first time. If it wasn't legal then how did the gambling site (Bitsler) open the bet on their site? I do not still know whether it is legal or not and whether it was legal or not but I think it was legal and still legal and that's why gambling sites like Bitsler opened the betting option for the president Election in the USA. Apparently there’s also plans in the works to make online gambling much more prevalent. Right now online gambling is very dicey law wise , like for many casinos you have to go set your account up inside the physical casino or at minimum in the parking lot when on their WiFi network lol.
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
November 16, 2024, 12:47:56 AM
This might have been sparked by Kalshi (https://kalshi.com/) getting a favorable decision from a federal appeals court. It’s definitely making waves and opening doors for more discussions about legalizing election betting.
https://thehill.com/business/4911701-appeals-court-approves-betting-on-elections/
I see a positive future if the government considers making election betting a fully legal market. Let’s forget the "it will ruin the integrity of the election" argument because people are already betting on illegal platforms anyway. If they create a law to legalize it with proper guidelines, it could be a win-win situation. The government could rake in tax revenue from this growing industry while keeping things more transparent and regulated.
https://thehill.com/business/4911701-appeals-court-approves-betting-on-elections/
Quote
The U.S. District Court for the District of Columbia sided with Kalshi last month, ruling the government agency had exceeded its authority in trying to block the company from offering a market to bet on election outcomes.
I see a positive future if the government considers making election betting a fully legal market. Let’s forget the "it will ruin the integrity of the election" argument because people are already betting on illegal platforms anyway. If they create a law to legalize it with proper guidelines, it could be a win-win situation. The government could rake in tax revenue from this growing industry while keeping things more transparent and regulated.
November 15, 2024, 08:43:15 PM
I don't think that they are going to ban it, the new law might be for States to fully regulate gambling as some of them have legalized it. And during the pandemic, we have seen a growth and now that it's over, it grows even bigger.
So one way for them to at least control the money is to have tighter regulations and that's what I speculate what the State is going to do. Maybe KYC, but that is already the norm though.
Considering that Trump has a high financial culture, he knows very well that casinos are businesses, big businesses with big money inflows, and that attracts jobs and moves money, he understands that that is what is generated, he is a businessman before a politician, and the truth is that I don't think the regulations that he can impose will be bad for the owners and clients, also starting from the fact that it is based on fun, he will not wage war on them, I think that Trump has more important issues to deal with than waging war on casinos, those more focused on politics may say yes, but that is another topic.
November 15, 2024, 09:58:52 AM
I never knew that betting on presidential election was illegal before but hearing it now and comparing the attention it has garnered tells us of the fast and rapid growth the gambling industry is achieving. So far, the last election had many gamblers going home with large wins they could imagine as a result of their bets on it. With this, I can boldly say that gambling has gotten to the point that it paved its way into politics by looking at the possibility of people seeing a better chances of contenders who could win their elections but I am afraid if the process would not result to something never envisaged for in time to come.
I don't think this innovation in gambling will lead to anything that the American system can't control, of course they know it is betting and the win or lose is the aftermath of the real exercise determined by electoral votes. The body in charge of the election is different from casinos and bookies. So it is quite a different thing entirely. It is just like gambling on some things that is being argued on in the neighborhood like economics, society, family etc for the taste of knowledge and you are staking money to it to prove you have a better knowledge on such intellectual discuss.
November 15, 2024, 09:30:33 AM
I don't think it's allowed in many states, right? If there are many people interested in this type of betting, there will be changes, and as you said, it will evolve. Legalizing it would be effective in terms of people's wants, and I just hope that there would be control over the person. Well, the internet makes everything easier, as well as gambling. Lol.
November 15, 2024, 09:12:55 AM
I guess that gambling on presidential elections will open the floodgates for other firms of betting that are not related anyway to sports. I hope that it doesn't degenerate to the extent that we'll be betting on things like traffic and weather.
Frankly, I share the same concern as you do. I hope betting on the outcome of a presidential election doesn't lead to heightened tension where people will go all out to make election results go in their favour because they've bets placed on it. I hope the US doesn't degenerate to the level of what happens in Africa during electioneering period and the actual voting day where those contesting for elective positions can kill or do any sort just to win.Quote
I personally would've preferred betting to be limited to sporting events alone, but I guess that they have to make gambling bet to accommodate people that doesn't have interest in sports.
We make a sport out of any situation that involves betting/gambling. It doesn't have to be sporty before bets are placed on it. We've seen people bet on issues they've differing opinions on even away from sports and politics. 
November 13, 2024, 06:08:23 AM
I never knew that betting on presidential election was illegal before but hearing it now and comparing the attention it has garnered tells us of the fast and rapid growth the gambling industry is achieving. So far, the last election had many gamblers going home with large wins they could imagine as a result of their bets on it. With this, I can boldly say that gambling has gotten to the point that it paved its way into politics by looking at the possibility of people seeing a better chances of contenders who could win their elections but I am afraid if the process would not result to something never envisaged for in time to come.
I didn't know it was illegal on the US too, is it?
in Brazil they made it illegal this year
I wonder why, maybe they think that manipulating betting results could interfere with who will win or lose on the day of the election
the last Trump x Kamala election was the main factor that made polymarket grow so big and strong.
November 13, 2024, 05:13:17 AM
I never knew that betting on presidential election was illegal before but hearing it now and comparing the attention it has garnered tells us of the fast and rapid growth the gambling industry is achieving. So far, the last election had many gamblers going home with large wins they could imagine as a result of their bets on it. With this, I can boldly say that gambling has gotten to the point that it paved its way into politics by looking at the possibility of people seeing a better chances of contenders who could win their elections but I am afraid if the process would not result to something never envisaged for in time to come.
Yeah, we thought that it was just regular gambling when betting on the result of the US presidential election, but it looks like they are looking at it differently. Perhaps it's the huge money that it is involved on the US election or maybe states just wanted to have tax those bettors and that's why it is reported that there will be new laws coming soon in the States.
Nevertheless, it could be case to case basis, we all know that gambling is big business now, and now that they have a new President, maybe some powerful individuals can lobbied new laws that will favor online casinos in the United States and not that regulations to curb it down.
November 12, 2024, 05:01:22 PM
I never knew that betting on presidential election was illegal before but hearing it now and comparing the attention it has garnered tells us of the fast and rapid growth the gambling industry is achieving. So far, the last election had many gamblers going home with large wins they could imagine as a result of their bets on it. With this, I can boldly say that gambling has gotten to the point that it paved its way into politics by looking at the possibility of people seeing a better chances of contenders who could win their elections but I am afraid if the process would not result to something never envisaged for in time to come.
November 12, 2024, 04:45:20 PM
I've heard literally the opposite information, but apparently it depends on what country you're from. I heard that after a whale player won tens of millions of dollars on Polymarket (by betting on Trump's victory), the French government immediately became interested in this and wanted to ban this platform and such bets (apparently he's French). In general, I am not surprised by these initiatives in the socialist states of Europe, but still such news irritates me.
It has nothing to do with being socialist, and BTW the current government in France is not socialist, and France is definitely a capitalist country with a free market, the thing is that by law Polymarket is not licensed to operate there, why would they allow it ? Polymarket is a US based company, they have been banned from operating in the US, they have been fined by the CTFC, why would France do otherwise?
Also, the story about that trader is a bit shady, they knew who the guy was, they knew his background, and he had 4 accounts, and he come to an agreement with the platform to not open more and to limit his bets, if you think that's normal, well!
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