More law changes coming soon in the States regarding gambling - page 2.

Outhue

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Quote from: ChiBitCTy on November 09, 2024, 05:08:34 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.

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 ?

It was legalized before the election took place mate, all those betting wasn't illegal, nothing is going to be changed I believe because nothing was wrong with it already, Trump has many problems to deal with once he takes over, laws on gambling is not one of them, any platform that want to run bets they must be registered is all, and this have been happening for way too long already.

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Quote from: ethereumhunter on December 03, 2024, 02:40:18 AM

For Muslim, gambling is definitely not allowed so that will not surprise if we can not playing gambling in that Muslim countries. But maybe there still underground casinos in that country that not many people don't know and only spreads out for those who often to playing gambling.

If a country want to makes more regulation related to gambling, maybe they wants to control the gambling industry so it is normal if the government doing that. The gambling industry have a big money flow which can be the tax for the country so that is why the government wants to regulated more about gambling.

I know that Muslims have a lot of things that they can't do, because of their religion and their traditions, I know that they are super radical in that, but with men too? I know that women don't have that right, which doesn't seem like a big deal to me, but if men can't gamble either, I'm glad I wasn't born in those lands because I think I would have run away, but I think that casinos, games of chance, which have everything to do with this entertainment is just that, entertainment, they shouldn't be banned.

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Quote from: danadc on December 02, 2024, 07:20:53 PM

Quote from: Kasabus on November 19, 2024, 03:56:21 PM

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.

Things are very delicate in the Middle East, according to when the World Cup was held in Qatar it was heavily criticized by many, also women don't have many rights, that's what I don't like because I'm used to having my freedoms and going to a country where machismo is at its most extreme I wouldn't even go as a tourist, the laws in those countries are very drastic and those who don't comply with them pay a high price, it's a shame they are so radical about that, a casino in itself does not bring bad things, quite the opposite, work, employment, but people have to control themselves.

For Muslim, gambling is definitely not allowed so that will not surprise if we can not playing gambling in that Muslim countries. But maybe there still underground casinos in that country that not many people don't know and only spreads out for those who often to playing gambling.

If a country want to makes more regulation related to gambling, maybe they wants to control the gambling industry so it is normal if the government doing that. The gambling industry have a big money flow which can be the tax for the country so that is why the government wants to regulated more about gambling.

Julien_Olynpic

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I was surprised to learn that betting on the US presidential election was illegal in the US until recently. Of course, this is ridiculous. Although I can guess why such legal norms existed. Most likely, the authorities there were afraid of influencing the elections. After all, the scheme with manipulation and influence on the election results is known from the example of the Polymarket platform. Several large players make many bets on 1 candidate and put a lot of money on this candidate. Since these forecasts have a great public resonance, political strategists can use this scheme to influence the election results. The media will discuss it like this: "Candidate A is leading in popularity, since there are a lot of bets on his victory on the prediction platform."

danadc

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Quote from: Kasabus on November 19, 2024, 03:56:21 PM

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.

Things are very delicate in the Middle East, according to when the World Cup was held in Qatar it was heavily criticized by many, also women don't have many rights, that's what I don't like because I'm used to having my freedoms and going to a country where machismo is at its most extreme I wouldn't even go as a tourist, the laws in those countries are very drastic and those who don't comply with them pay a high price, it's a shame they are so radical about that, a casino in itself does not bring bad things, quite the opposite, work, employment, but people have to control themselves.

shasan

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Quote from: KTChampions on November 21, 2024, 04:03:50 PM

I wonder why the question was raised this way? As far as I know, in all civilized countries "everything that is not prohibited is permitted." How can you permit something that was not prohibited? I am not an expert in the legal subtleties of each state, but it seems to me that there was not a "permission" but an interpretation of the law in response to a request.

You are on a good point that while it wasn't prohibited it is permitted. In this case, many a thing which is not listed as prohibited but those are not permitted too. Laws are creation by men. So, everything might not be on the prohibited list but anything new comes/is discovered that could be listed as prohibited or permitted. So, this could be listed on the prohibited but that has not been done and it was listed as permitted.

KTChampions

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Quote from: Sanitough on November 20, 2024, 01:40:55 AM

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.

I wonder why the question was raised this way? As far as I know, in all civilized countries "everything that is not prohibited is permitted." How can you permit something that was not prohibited? I am not an expert in the legal subtleties of each state, but it seems to me that there was not a "permission" but an interpretation of the law in response to a request.

shasan

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Quote from: Botnake on November 18, 2024, 09:44:10 AM

Quote from: shasan on November 16, 2024, 06:16:34 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.

Okay I got the point that they are licensed on curaco but not any country however that is united states or others. In this case they have opened the betting of the USA presidential election based on the terms of Curaco it is not based on the united states of America or any other countries.

Botnake

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Quote from: Zigabel on November 18, 2024, 10:18:09 AM

Quote from: Botnake on November 16, 2024, 12:47:56 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.

It’s really that simple, if they don’t make it legal, other platforms will still offer election betting anyway. In today’s vast crypto market, it’s not hard to find platforms for it. So instead of keeping it illegal where enforcement isn’t even effective, why not just draft a law to legalize it and benefit from the taxes generated by these gambling platforms? That seems like the most practical and easy solution to me.

DubemIfedigbo001

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Quote from: ChiBitCTy on November 09, 2024, 05:08:34 PM

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.

Sanitough

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Quote from: Coyster on November 09, 2024, 05:27:59 PM

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.

Kasabus

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Quote from: danadc on 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.

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.

Doan9269

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Quote from: ChiBitCTy on November 09, 2024, 05:08:34 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.

Quote from: ChiBitCTy on November 09, 2024, 05:08:34 PM

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 ?

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.

danadc

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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.

TelolettOm

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Quote from: ChiBitCTy on November 09, 2024, 05:08:34 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.

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.

Zigabel

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Quote from: Botnake on November 16, 2024, 12:47:56 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.

Vaculin

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Winding down.

Quote from: coin-investor on November 10, 2024, 08:05:40 AM

Quote from: ChiBitCTy on November 09, 2024, 05:08:34 PM

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.

Trump has known to be owner of different casinos way back then. But he refused to be considered as a gambler since he never plays slot machines, but instead he prefer to buy and own slot machines and let people gamble. With this realization, it won’t be surprising if gambling casinos, whether it’s online or offline, will be surging high with Trump’s administration. He is a huge supporter for gambling, so he will do things in his position to protect and promote highly reputable gambling casinos.

Botnake

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Quote from: shasan on November 16, 2024, 06:16:34 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.

shasan

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Quote from: ChiBitCTy on November 09, 2024, 05:08:34 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.

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.

Botnake

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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/

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.

Topic: More law changes coming soon in the States regarding gambling - page 2. (Read 1066 times)