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

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.

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.

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.

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.

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.


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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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!

It will really be interesting to see how Trump will handle both  cryto and gambling regulation. Whether Trump speaks about gambling or not, everyone who knows Trump very well would know that he will be less likely to push restrictive laws against gambling. This is because, Trump has a background in the gambling industry. He understands both the financial and business side of gambling and will likely push laws that will be of benefit to him also. It is not surprising to me to read now about the US government making some gambling options legal. More relaxed laws will be made in favour of the gamblers and the industry and ofcourse the government who would benefit from taxes.

we probably won't see gambling websites banned wide in the states, I don't think this is coming
even if they ban people will still be able to use it with VPNs and stuff of course but this would be a big hit.
any idea where most of the gambling websites are incorporated?

Trump only speaks about how he will support cryptocurrency, but he never mentioned about online casinos. Although his company has been involved in online casino, we'll have to wait for him to sit at the office and wait if there's going to be changes in the States policy about gambling.
If Trump gives full support to cryptocurrency, he might as well support online gambling, where the use of cryptocurrency is very popular, since he himself profited and comes from the gambling and entertainment business.

I think all of us here on Bitcointalk are used to using crypto casinos and some of them operate outside the realm of applicable US law. I don't know for sure, but I think that is how it works as I agree with you that I came across that option several times on various casino websites. I don't even know whether it is officially allowed in my country or not as I have never been dealing with this question. But as I said before if someone would have felt the urge to place a bet on US elections, they could have done it.

No matter how legalized gambling is, I would never use someone else's Wi-Fi networks, simply out of a sense of security. And this is the main reason why you should not trust such networks. You are literally opening a window, showing your life, in those moments when you trust your device to be viewed by strangers. However, I am surprised that online gambling is still not legalized in America, since I always assumed otherwise, often reading about the taxes that the government takes on winnings.

Before now I have seen some gambling been done in electoral activities, although not with the US elections but with others but the truth actually remains that it wasn't prevalent to the point of seeing it as a legal or probably commonly pronounced game to stake in at the casinos so many persons have not been gambling in such but ita a good one that the US election brought to light the fact that we can still gamble on electoral activities and it's not considered illegal just yet.

I actually didn’t know betting on US elections was illegal either since I have seen a lot of crypto casinos offering it as an option so it’s surprising for me because in many places outside the US, I believe it’s legal to bet on all sorts of political events, so I assumed it might be similar in the US this sounds like they might be looking to change that soon if election betting is getting considered for legalisation.
As for the online gambling rules over there it’s pretty interesting. I heard it can be tricky because of state by state laws, which sometimes require people to actually set up their accounts within the state. It’s wild because for many of us setting up an online account is a simple process and you are good to go without needing to visitt a physical location.
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Would be curious if others know more about the push to expand online gambling options there though. It seems like the laws in the US are always evolving but in very different ways compared to other places.

There are some activities that is illegal that people are gambling all day. It's just this year and because of this US eclection that I got to know that people can actually bet on elections or some political activities. If it was something that was legal before now, I believe it would have been very popular but seems this year election made it to even become legal.

Yeah, I don't think they would ban betting on specific events like Presidential race. As you said, it's all about getting more money from the people and that's why all the regulation and shit.

Trump is pro-crypto so I believe something that upsets crypto users is lesser likely to happen now than it was previously. But if gambling is legalized that might be the best outcome given the taxes are not insurmountable.

I was recently reading a case where a casino banned someone from their casino because they are from U.S which makes sense, but man they also denied all the affiliate earnings as well.

I thought I read somewhere that they did pass some bill to allow poly market and other betting platforms bet on the US president so maybe they just made it a work around for the time being until they got down to the nitty gritty? Idk. But surely it was legal as it was all over the news and tons of folks in the US are betting or did bet on the US election

I haven't heard of any general rules regarding betting.

The last thing I've read, which isn't even that recent, was something very specific in which the NBA implemented a new rule to prevent cases similar to that of Jontay Porter, a former Toronto Raptors player who was banned from the league due to his involvement in betting.

During his time with the Canadian team, Porter made 13 bets while he was under a two-way contract that allowed him to also play in the G-League... So, to avoid situations like this, the NBA announced a strategic partnership with bookmakers so that in the 2024/25 season, players with the lowest salaries, including those on two-way or ten-day contracts, will not be available for under bets.

I don't really think this will work, because there are so many betting sites outside the NBA's reach that it will be difficult to control this.

Hold on a second, wagering on odds for/against a gubernatorial candidate isn't legal already??so, why was almost every casino giving out odds to wager on? What's that supposed to mean? That the carucao/ other agencies that ensure licensing don't regulate their laws in line with the governments... I'm just wondering though!
I think I understand exactly where the whole thing sets in... To be honest, when I saw the update about that at first, I was a bit worried on how it may lay in a negative effect; or atleast how manipulated the results would become (even though it doesn't have any direct connection/affiliation)
Edit: Just keep your head up and watch what's gonna be passed into the state laws next .... lol

I guess regardless if it’s legal or not, there will always be bets that are going to happen everytime US election is happening, most especially if we are talking here the big names in America. That more fuels the interest of the people to focus more on what will be the outcome of the said election.

However, talking about online gambling, while it is legal under the federal law, there are still significant restrictions that all casinos should definitely follow. And as there will be growing number of mobiles and other digital devices, expect that there will also be more online gambling opportunities that will surely arise in the market.

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

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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 ?