More law changes coming soon in the States regarding gambling - page 4.

stomachgrowls

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Quote from: Orpichukwu on November 09, 2024, 05:41:49 PM

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

Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?

If I'm correct, betting on the presidential election or any form of election was illegal but was legalised last month before the presidential election this month, as it was approved by my appeals court as stated in this news.
Election betting is cleared, for now, by U.S. appeals court
Forbes

With the news of how much people have bet on the just concluded election, I never even knew that it was something illegal, just as I read somewhere in this forum that one of those gamblers bet has already been invested if it follows the law.

That was a fast approval eh? They do knew that there would really be tons of bettors will really be that having those bets and if they do made out that last minute law approval on making it legal then its good
but just like on what most people been saying up on here that i wasnt expecting that it was illegal on the first place.

I do actually laugh on what i have read up on having those account registration on using up on casinos WIFI? lol.. Wondering on how many will really be that
making out some parking lot on trying out to make registration. hahaha

tread93

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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 ?

Haha they would make someone drive there just to use to Wi-Fi and that would count that just sounds so ridiculous. I thought that it was already legalized too. I feel like online gambling is already very prevalent it’s going keep growing though as online gambling is actually preferred among the younger generations

BitMaxz

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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.

Betting on presidential elections was previously illegal in the United States. The news about them only began a month ago, but I was unaware until today.
We usually bet on elections only with my friends because it is illegal even in my country, so this news is likely to have a significant impact in attracting other countries to follow suit.

mv1986

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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 ?

This is indeed interesting and it's true that it just got legalized weeks ago, but then I think if anyone from anywhere in the world wanted to place a bet on the election outcome, there are countless of ways to do that, not least with Bitcoin. This is probably something for the vast majority of people who haven't been using Bitcoin or other cryptocurrencies. What I didn't quite get now is whether casinos were forbidden from offering those bets or whether people commit fraud if they place a bet on the election outcome at all. But since everyone here probably would have known a way to place a bet, I guess it went unnoticed for most of us that there were laws against it.

If their fear is that this could end in manipulation or make look outcomes more likely than others because high sums of money are placed on certain outcomes, well then I think that is ridiculous because these elections are global information wars already. Maybe they had some security concerns or so, not sure why they would otherwise forbid people to place a bet on the next president.

cryptomaniac_xxx

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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 could be from state to state law? So depending on where you are, there could be legal implications as far as gambling is concern.

But just like some of the members here, gambling is legal in most states so not sure what kind of rules or regulations are going to come when Trumps officially sit. It has been as friendly as before, from traditional land base casinos to online.

Maybe the new law will only affect online casinos, I reckon.

Adbitco

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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.

Never red about that though but I don't think this is a problems or would affect casinos that provides such options in their site. Again I don't know about the regulations op is talking about to affect more gambling platform. Well we have to watch and see what next steps to implement maybe after he might have sworn in as 47th US president, but sincerely I don't think his administration will be more stringent to crypto/gambling sites.

Orpichukwu

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

Anyways just wondering if anyone else had heard of about these updates and can provide a bit more insight ?

If I'm correct, betting on the presidential election or any form of election was illegal but was legalised last month before the presidential election this month, as it was approved by my appeals court as stated in this news.
Election betting is cleared, for now, by U.S. appeals court
Forbes

With the news of how much people have bet on the just concluded election, I never even knew that it was something illegal, just as I read somewhere in this forum that one of those gamblers bet has already been invested if it follows the law.

Hispo

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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.

Coyster

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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.

ChiBitCTy

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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 ?

Topic: More law changes coming soon in the States regarding gambling - page 4. (Read 664 times)