Topic: More law changes coming soon in the States regarding gambling - page 4. (Read 1029 times)

Well this things you just mentioned may apply in some regions and not in some others, legalization of the betting on the presidential election is something I never knew is an issue because since it's been permitted on the gambling site I want to believe there's no issues around the fact that it can be gambled on. The experience I know is that most casinos now don't require you to Walk into their casino to register and have an account with them to enable you gamble.

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's not a federal law but betting on elections has been banned by most jurisdictions, even Nevada, in order to bet on a nonsports event that type of event must be first cleared by a commission, and betting on presidential or college votes ended nowhere.
You can still bet with a bookie from outside US jurisdiction if they allow you to do so and you can take a bet while being outside the country, but no bookie regulated by US states would normally allow us citizens to bet on that.

What's really funny is that it's the CTFC that has the final say in this, because it involves speculative contracts on uncertain events by definition, wich is really nuts.


You do know he had 4 years last time to do it, right?

I have no doubt that Trump will do more to legalize gambling, because it is a huge source of "dirty" money and offers a huge matrix for such funds to enter his private coffers. No doubt he has made rich businessmen and associates who will gain greatly from this maneuver. It seems rather odd that he is willing to take some freedoms away, like overturning abortion - while encouraging these so-called sin activities that are meant to be equally frowned upon if you care for the religious interpretation of the bible, the hypocrisy reeks. As others have said, a lot of gambling is already legalized but I think it's controlled at the state level, so it's possible there may be a move to allow it at the federal level (most likely to raise some taxes).

When you say betting anything, it must be literally anything like you can bet if there will be a typhoon coming, or what is the gender or the baby of this xxx personality, etc... and that casino is Futuur. That casino is allowed in our forum, so I guess yeah that there is no problem on it or on betting in any things. Maybe some only thinks that it makes people get involved on silly and risky things, only for the masses to have a lot of betting options.

I think they also got a point there but maybe these kind of bets are only the ones that will get removed. Bettors shouldn't also support it and if they do, they need to be ready about the consequences of doing so because they will also be monitored and reported/caught out. Another problem in betting would be is the match-fixing (like you said) because it makes the game not fair or unexciting, as some people already know if who will be the winner. You shouldn't say that the problem is the result of the betting because what if that game is only fair?

I found it amazing that it was the CTFC is the one that requested it to be allowed. Anyway, if it was denied by the court, then that actually means it was still illegal and not legal. Now that Trump is now sitting again, maybe he is the ones that can consider it? Most especially if he was aware that lots of people are betting at him to win. HHmm..

I haven't heard of anything new as of yet, but it's not a shocker they might loosen up the reigns when it comes to online casinos. More money more money more money, isn't that what it's all about anyways? Maybe they can make all casinos legal so us Americans can play wherever we want!!!

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.

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.

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.

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.

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.

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.

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.

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.

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.

If Trump is to be reinstated, massive shifts in the gambling industry could be expected because Trump previously set the ball rolling towards the opening of new opportunities in the casino business. That means that with the investment from large companies like ones you mentioned the further expansion seems possible.

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.

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.

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.
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.

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. 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.

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.


 

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.

Nope, it was never been legal https://www.nbcnews.com/politics/2024-election/election-betting-newly-legal-risks-getting-confused-polls-rcna177880