Topic: More law changes coming soon in the States regarding gambling - page 3. (Read 664 times)
November 10, 2024, 11:19:41 AM
I would honestly be surprised if US lawmakers passed a law banning betting on US elections. I say this because I see no reason for them to waste time creating laws that prohibit people from betting on who might win the elections, since the elections themselves are already a competition between two candidates and the US electoral system is free of cheating, so betting would not change the outcome of the elections. It would even make the elections more competitive than they already are. Because people can make money betting on their favorite candidate. I think lawmakers should focus on making good laws about KYC and making it easier to obtain licenses if online casinos want to operate in the US. These are more important things than persecuting people who just want to have fun during election time.
November 10, 2024, 10:42:19 AM
Its already legal, it's in many casinos.
But maybe they want to illegalize it since it looks like it can affect the idea of some people watching the odds. When the odds of Trump were 1.35 and he was leading, the opinion of those people just checking out the odds could influence their votes.
Seeing the polymarket can influence people on who to vote. I'm sure they don't want any candidate who is a populist like Trump.
November 10, 2024, 10:25:38 AM
I only heard about this.
https://www.cnbc.com/2024/09/13/federal-bill-regulations-sports-betting-operators-safe-bet-act.html
U.S. lawmakers introduce bill to put regulations on sports betting operators
And they put the politics betting in sports so I guess it's part of that. I don't know about online casino games though but I do believe that it will also be tackled there.
https://www.cnbc.com/2024/09/13/federal-bill-regulations-sports-betting-operators-safe-bet-act.html
U.S. lawmakers introduce bill to put regulations on sports betting operators
And they put the politics betting in sports so I guess it's part of that. I don't know about online casino games though but I do believe that it will also be tackled there.
Quote
The Supreme Court struck down the federal ban on sports betting in 2018. Six years later, sports betting has exploded across the United States, as 38 states have legalized it. The industry posted a record $11 billion in 2023, marking a 44% increase over the previous year, according to the American Gaming Association.
Truly, it became the apple of the eye of the public since the number of sports has grown and the entertainment business also exploded in sports. MMA, football, basketball, and more. What's lacking is the chance to bet for your team and since it was legalized, many sports bookies and online casino opened up and many developers created their own with the thought of making profits out of it. 
November 10, 2024, 08:48:03 AM
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
I think this for US citizens only.
The rest of the world can bet on any election as long as their government allowed gambling. US has a very strict regulation when it comes to gambling so no wonder that they just recently legalized it.
Betting on anything is not illegal imho since the bets is not directly related to the match or election outcome. I think the legalization is due to this new type of gambling in US.
November 10, 2024, 08:41:14 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 ?
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 ?
Im in the other country ane what we experience your statement one of the reasons why some countries allow to operate or let's say legalize gambling/casinos is because they are one of the large contributors of tax so allowing them will give to the country to have more money for different use like infrastructure, but on the other hand, let's accept the fact there if your country does not have a good politicians possible they will just corrupt and makes transactions under the table, and expect if people getting addicted because its already legalized every street or house you will meet people playing casino which increase than usual.
November 10, 2024, 08:29:39 AM
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
Yes, I read four days ago about Thousands of election gamblers anticipate betting jackpot after Trump win, and elsewhere also I read about Betting on the election will soon be legal in US after massive court ruling, because Trump has won the election and he succeeded in achieving victory, so it is natural that the law must be enforced to anticipate losses in gambling, If the law against election gambling sites is not legal, there is a worry that the gambling site could act outside the limits without payment, for this reason it needs to be legal to guarantee victory, especially for US citizens. 
November 10, 2024, 08:22:25 AM
Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?
I remember seeing a video of live betting going on in New York Times Square. I was a bit concerned about the influence this can have on the underage in the country, seeing that gambling is almost normal and that they could indulge.I found this on YouTube - https://www.youtube.com/watch?v=QzLaLc6ad0Q
That YouTube clip provides insight into this new development.
November 10, 2024, 08:14:17 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.
We will all be watching most keenly with the daring gambling policy strategy shifts that shall be undertaken and implemented for the industry. But if the existing trend of growth continues, new opportunities will begin to unfold, and the sector will become even stronger, and the impact could extend to the broader digital economy.
November 10, 2024, 08:05:40 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 10, 2024, 07:58:48 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.
This already exists though. Anything can be betted on and as long as there are enough people willing to play into it, there will be events like that but I doubt major casinos will make an event just for those useless ones. But sketchy small casinos would definitely have those or unofficial betting sites at least.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. If in the future more gambling options are added, then we should be ready to see new forms of addiction in the gambling industry.
Anything can be betted on as long as you have money but I also do hope that this does not affect the integrity of gambling in general. I am sure many would start betting on things about youtube streams or something. So childish but I guess that is the point: most of the bettors of useless things like this are youngsters. 
November 10, 2024, 06:14:07 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.
Oh, I didn't know of this. When I made a comment yesterday on the thread narrating how some guy made a lot of money from his bet on the poly market. I had no inclination that it wasn't legal yet although it happened in France.Well if it becomes legalize there's going to be a surge of gamblers accompanied with its addiction. In addition, it will spiral into the election of state governors, mayors , and even on important bills to be passed by Congress.
November 10, 2024, 05:47:01 AM
I have personally never heard trump speak about gambling. Surely that's something msnh of his Christian followers would not like. Many states are very adamant about keeping gambling under their regulation or restricting it as much as they can.
So I wouldn't hold my breath. Trump has little to gain politically from legalizing gambling on a federal level. Probably no such thing will happen. Just consider gambling had already started being legalized on a state by state level. Yes the landscape is fractured but consider that states in the US are very big, to the size of countries in Europe. So surely they can handle their own regulations.
So I wouldn't hold my breath. Trump has little to gain politically from legalizing gambling on a federal level. Probably no such thing will happen. Just consider gambling had already started being legalized on a state by state level. Yes the landscape is fractured but consider that states in the US are very big, to the size of countries in Europe. So surely they can handle their own regulations.
November 10, 2024, 05:45:41 AM
I think the change will not be many, any casino that didn't get license from the country is technically illegal. It was been stated since many many years ago, maybe they will make it more clear which casino is legal and which one is illegal.
Last month, I remember that CTFC was appealing a low court's decision to allow election bets. But, the federal court denied CTFC's appeal. It means the federal court indirectly said if the election bet was legal in US.
Nope, it was never been legal https://www.nbcnews.com/politics/2024-election/election-betting-newly-legal-risks-getting-confused-polls-rcna177880 
November 10, 2024, 05:29:11 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.
Oh, I didn't know of this. When I made a comment yesterday on the thread narrating how some guy made a lot of money from his bet on the poly market. I had no inclination that it wasn't legal yet although it happened in France.Well if it becomes legalize there's going to be a surge of gamblers accompanied with its addiction. In addition, it will spiral into the election of state governors, mayors , and even on important bills to be passed by Congress. 
November 10, 2024, 04:21:30 AM
Isn't it already legal in US?
Last month, I remember that CTFC was appealing a low court's decision to allow election bets. But, the federal court denied CTFC's appeal. It means the federal court indirectly said if the election bet was legal in US.
Although there's no rule that says election gambling is legal now. It used a federal court's decision as its basis. CMIIW.
Last month, I remember that CTFC was appealing a low court's decision to allow election bets. But, the federal court denied CTFC's appeal. It means the federal court indirectly said if the election bet was legal in US.
Although there's no rule that says election gambling is legal now. It used a federal court's decision as its basis. CMIIW.
November 10, 2024, 03:29:11 AM
Have you hears for casino or platform who are offering (Betting in anything).
I don't think is the problem, for betting in anythings and these question was included on these one. IMO, the problem is the result betting (is fixed or not). That's the one should be taken for illegal stuff.
Not the match, or things you are gonna to bets.
I don't think is the problem, for betting in anythings and these question was included on these one. IMO, the problem is the result betting (is fixed or not). That's the one should be taken for illegal stuff.
Not the match, or things you are gonna to bets.
November 10, 2024, 03:01:14 AM
I thought betting on elections in the United States was already legal, though?
Anyways, if there is something to mention about gambling and the USA is how much of the betting market in the United States is quite limited in comparison to much of the rest of the world, several casinos and bookies I have tried before seem to have restrictions on users who wanted to bet on them, but we're living in the territory of the USA. It would seem casinos in that country need to be properly registered there and not only having a license abroad, like those which are offered by Curaçao.
Under the Trump Administration which is coming I would expect to see some tax cuts on lottery and jackpot winners and also less regulation for casinos, so owners of those luxurious places can pocket more money and expand quicker.
Let us not forget Trump itself was into the gambling business not long ago, so I assume he has some connections and so basic knowledge of this industry.
Anyways, if there is something to mention about gambling and the USA is how much of the betting market in the United States is quite limited in comparison to much of the rest of the world, several casinos and bookies I have tried before seem to have restrictions on users who wanted to bet on them, but we're living in the territory of the USA. It would seem casinos in that country need to be properly registered there and not only having a license abroad, like those which are offered by Curaçao.
Under the Trump Administration which is coming I would expect to see some tax cuts on lottery and jackpot winners and also less regulation for casinos, so owners of those luxurious places can pocket more money and expand quicker.
Let us not forget Trump itself was into the gambling business not long ago, so I assume he has some connections and so basic knowledge of this industry.
Gambling regulations in the United States can be very strict and restrictive compared to other countries in the states, so indeed what we see in las vegas and some other cities is different from other states, with the election of trump certainly provides better hope for those who want to be involved in the gambling industry, because with the upcoming Trump administration, there is indeed a possibility of policy changes that could benefit the gambling industry, given Trump background in the casino business so far, changes in regulations and tax policies could have a wide impact, not only for casino owners but also for players and the general public in America later.
November 10, 2024, 02:46:46 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 ?
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 ?
This is the weirdest rule I've ever heard of.
Online gambling had a tricky regulatory status in the USA, maybe the Republicans will liberalize the regulations regarding online gambling in the US. I don't know about any upcoming legal changes that are about to be discussed in the US Congress. Maybe such new legislation will be imposed in 2025. I can make the assumption that Donald Trump is a pro-gambling guy, or at least he received lots of donations from the US gambling industry for his campaign. 
November 10, 2024, 01:01:40 AM
It could be from state to state law? So depending on where you are, there could be legal implications as far as gambling is concern.
I'm far from an expert on US law but AFAIK that's why you have casinos in Las Vegas and not in many other parts of the country. What I understand the new administration will be able to do is to pass basic legislation to facilitate gambling in all states.
Then it will be good in my opinion if it will be the basic legislation across States, but still in doesn't make sense as we have known that the country is friendly to gamblers, as they have Las Vegas and Atlantic City as their gambling capital. And gamblers travel there to enjoy and play as well.
So I'm expecting if there will be laws coming in the States then it could be for the better good. Although from what I research there are a lot of gambling regulatory bills that is being filed and that is it going into a lot of the lawmaking process. But let's see, they will have a new President next year and maybe he will bring breath of fresh air as far as gambling law goes.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
November 10, 2024, 12:09:17 AM
It could be from state to state law? So depending on where you are, there could be legal implications as far as gambling is concern.
I'm far from an expert on US law but AFAIK that's why you have casinos in Las Vegas and not in many other parts of the country. What I understand the new administration will be able to do is to pass basic legislation to facilitate gambling in all states.
Jump to: