After the election of the new mayor of NYC, who is also a fan of cryptocurrencies and is even going to receive the first three salaries in bitcoin, it is not surprising that there will be serious indulgences for the operation of crypto casinos in the city. In general, this is of course the "center of the world". But, as they say, the city of the "Yellow Devil" and it is studded with entertainment and at every step. It is clear that not everyone likes such indulgences, but the population is completely different from the rich to the homeless. And accordingly, crime is flourishing.
But let's wish the new mayor success in putting things in order and developing the cryptocurrency infrastructure of New York!
Topic: Online sports book, New York. (Read 188 times)
Well, the US is always a pretty tough jurisdiction to get around when it comes to gambling laws.
I think that the majority of casinos/sportsbooks will be forced to be online as a matter of time.
Whether or not the transition for these companies will be smooth is doubtful. If they have operated physical businesses for a long time they may not have the key competencies to compete with other online businesses.
I think that the majority of casinos/sportsbooks will be forced to be online as a matter of time.
Whether or not the transition for these companies will be smooth is doubtful. If they have operated physical businesses for a long time they may not have the key competencies to compete with other online businesses.
yes, transitioning into online has different challenges, but a lot more scale
it's much easier for online businesses to migrate to other countries as well with better legislation for their activities
we'll see a really different world than today in 10-20 years time
New York has a severe issue hemorrhaging residents to florida and texas.
As a result, they have been seeking ways to entice residents to remain in state. Another step they've taken to attract residents is to legalize prostitution and massage parlors.
It appears relaxed regulation and enforcement of new york anti gambling is a second step being taken to entice residents to remain in the state and not move elsewhere.
New york has a long standing reputation for having the most unnecessary red tape, regulations and state oversight of any state in the country. Measures such as these being passed less than 6 months of each other is a very rare sight given new york's history and prior precedents.
As a result, they have been seeking ways to entice residents to remain in state. Another step they've taken to attract residents is to legalize prostitution and massage parlors.
Quote
Prostitution And Massage Parlors Now Legal In New York City
Although the laws of the state prohibit prosecution, Mayor Bill DeBlasio's action essentially legalizes the activity in the city of New York.
NEW YORK, NY – The 80’s are back. New York City’s rising crime and violence will now be joined by legal prostitution as the city’s district attorney said his office will no longer prosecute prostitution.
Although the laws of the state prohibit prosecution, Mayor Bill DeBlasio’s action essentially legalizes the activity in the city of New York.
https://www.shorenewsnetwork.com/2021/04/23/prostitution-and-massage-parlors-now-legal-in-new-york-city/
Although the laws of the state prohibit prosecution, Mayor Bill DeBlasio's action essentially legalizes the activity in the city of New York.
NEW YORK, NY – The 80’s are back. New York City’s rising crime and violence will now be joined by legal prostitution as the city’s district attorney said his office will no longer prosecute prostitution.
Although the laws of the state prohibit prosecution, Mayor Bill DeBlasio’s action essentially legalizes the activity in the city of New York.
https://www.shorenewsnetwork.com/2021/04/23/prostitution-and-massage-parlors-now-legal-in-new-york-city/
It appears relaxed regulation and enforcement of new york anti gambling is a second step being taken to entice residents to remain in the state and not move elsewhere.
New york has a long standing reputation for having the most unnecessary red tape, regulations and state oversight of any state in the country. Measures such as these being passed less than 6 months of each other is a very rare sight given new york's history and prior precedents.
Well, the US is always a pretty tough jurisdiction to get around when it comes to gambling laws.
I think that the majority of casinos/sportsbooks will be forced to be online as a matter of time.
Whether or not the transition for these companies will be smooth is doubtful. If they have operated physical businesses for a long time they may not have the key competencies to compete with other online businesses.
I think that the majority of casinos/sportsbooks will be forced to be online as a matter of time.
Whether or not the transition for these companies will be smooth is doubtful. If they have operated physical businesses for a long time they may not have the key competencies to compete with other online businesses.
Whether this is called a positive impact only because gambling benefits the casino and also taxes for the government that is ready to legalize it. In New York, the ministry of religion has become a common activity and it is no stranger to talking about gambling. However, for some countries, this has not been fully said to provide a high positive value. On the contrary, what are the negative impacts on the surrounding environment?
wait, there is a ministry of religion?
how does it work?
in Brazil most of the religious institutios pay no taxes, is it like that in New York and other places too?
well,gambling is a really commons activity, most people know about it.
Whether this is called a positive impact only because gambling benefits the casino and also taxes for the government that is ready to legalize it. In New York, the ministry of religion has become a common activity and it is no stranger to talking about gambling. However, for some countries, this has not been fully said to provide a high positive value. On the contrary, what are the negative impacts on the surrounding environment?
Glad that at the very least, there's some acknowledgment ongoing on how the sports betting scene is actually real, and shouldn't be stopped since it's a rather positive thing both for its users and for those who want to profit out of it. Plus, with them doing this, they can at the very least better control the inner workings of what is happening, instead of letting it work illegally and them having no clue about it. Plus, it's a bigstep since it could open up for other opportunities overseas, hopefully anyway.
You can find the List of TOP 20 U.S. Licensed Sportsbooks here: http://100bookies.com/us-licensed-sportsbooks-eng/
They must be the exceptional ones. This is expected of course. This is New York they are trying to do business in. The price must be high. The standard must also be equally high. As a result, only those that have the money and the standard can pass. This means Pointsbet, Caesar, and Rush street are the cream of the crop.
Worry not, newly elected New York Mayor Eric Adams has been open about his strong support for Bitcoin. The city might become a Bitcoin hub in the US under his leadership.
it would be nice if at least one of them would accept bitcoin. not only it would increase the option for some crypto gamblers that don't really care about privacy but it would also expose other gamblers to cryptocurrency. perhaps an increase of demands with the usage of cryptocurrency when gambling could bring other gambling casino owners to start accepting cryptocurrency to their own casinos.
Worry not, newly elected New York Mayor Eric Adams has been open about his strong support for Bitcoin. The city might become a Bitcoin hub in the US under his leadership.
It will be interesting to see if any of them attempt to get the New York bitlicense. I am going with probably not for a while. Start with seeing how much business they get before spending more money to get more business. For large businesses the overall cost of getting a bitlicense is not that big. But, if it's not going to generate enough extra revenue then it's probably not going to happen. We are a BTC forum, but how many people will bet anyway even if they don't take BTC
-Dave
it would be nice if at least one of them would accept bitcoin. not only it would increase the option for some crypto gamblers that don't really care about privacy but it would also expose other gamblers to cryptocurrency. perhaps an increase of demands with the usage of cryptocurrency when gambling could bring other gambling casino owners to start accepting cryptocurrency to their own casinos.
It is just a matter of time they will accept bitcoin and another crypto as crypto now become more popular than a few years ago. If they accept or implement crypto to their business, it could attract more crypto users to come and play and even, they will have another thing that the crypto offers which is the investment side for their business. New York as a big city could be a good target to make crypto more popular and get attention from people, whether they will use crypto to play gambling or buy a product using crypto or just for the investment. it would be nice if at least one of them would accept bitcoin. not only it would increase the option for some crypto gamblers that don't really care about privacy but it would also expose other gamblers to cryptocurrency. perhaps an increase of demands with the usage of cryptocurrency when gambling could bring other gambling casino owners to start accepting cryptocurrency to their own casinos.
yes, and maybe other cryptocurrencies too like dogecoin, litecoin, etc... since setup is not so different and fees are usually even smaller
are there businesses accepting bitcoin on lightining? haven't seen things like that yet.
They must be the exceptional ones. This is expected of course. This is New York they are trying to do business in. The price must be high. The standard must also be equally high. As a result, only those that have the money and the standard can pass. This means Pointsbet, Caesar, and Rush street are the cream of the crop.
Worry not, newly elected New York Mayor Eric Adams has been open about his strong support for Bitcoin. The city might become a Bitcoin hub in the US under his leadership.
it would be nice if at least one of them would accept bitcoin. not only it would increase the option for some crypto gamblers that don't really care about privacy but it would also expose other gamblers to cryptocurrency. perhaps an increase of demands with the usage of cryptocurrency when gambling could bring other gambling casino owners to start accepting cryptocurrency to their own casinos.
Worry not, newly elected New York Mayor Eric Adams has been open about his strong support for Bitcoin. The city might become a Bitcoin hub in the US under his leadership.
it would be nice if at least one of them would accept bitcoin. not only it would increase the option for some crypto gamblers that don't really care about privacy but it would also expose other gamblers to cryptocurrency. perhaps an increase of demands with the usage of cryptocurrency when gambling could bring other gambling casino owners to start accepting cryptocurrency to their own casinos.
As someone from NY I am happy to see this. More and more states are figuring out that people are going to bet on sports and other things no matter what, so you might as well support them.
This way there is oversight as to what happens and the additional tax revenue.
It also makes it harder for the less honest ones to operate since there is legitimate competition.
-Dave
This also has the advantage that the odds will improve slightly for the players as with competition then sport books will do what they can to attract new clients, and the way to do so is with better odds and bonuses, now even if I think that governments are doing this due to the holes the pandemic has created on their budgets it is still a step on the right direction as it does not make sense to ban something like gambling when so many people want to engage on the hobby. This way there is oversight as to what happens and the additional tax revenue.
It also makes it harder for the less honest ones to operate since there is legitimate competition.
-Dave
In gambling, markets and health in the US, it seems that the regulators are barely distinguishable from the owners of the business. I do not doubt that those online books are excellent and follow the best practice in the sector, but the prices and recommendations coming from the regulators and the people in the business do not mean anything in particular to me honestly.
All of the companies that are recommended, for sure, have been operating somewhere that's why it's one of the chosen ones. I think they would be more successful once they have started in 2022. I think we won't see any impact on it since it's online, but a lot of people are going to be going there to gamble. I do hope that gambling with cryptocurrencies would be able to do that as well or something related to that.
A great way for New York to earn as well. Legalizing it.
A great way for New York to earn as well. Legalizing it.
I believe they will accept cryptocurrency too but indirectly approach, They can use a 3rd party services that let user deposit crypto and automatically convert it into fiat once the crypto is confirmed on the casino wallet. That is just wild guess but for sure, they will use the convenience of using cryptocurrency instead of cash since this the trend right now on online gambling.
I hope that we might see one or all of these casinos promoting in Bitcointalk.org in the future.
isn't New York one of the most regulated places for crypto in the US?
seems like if things keep this way most of the businesses will just leave it there to go to other states
would definitely be interesting to see more casinos like that promoting here on the forum
As someone from NY I am happy to see this. More and more states are figuring out that people are going to bet on sports and other things no matter what, so you might as well support them.
This way there is oversight as to what happens and the additional tax revenue.
It also makes it harder for the less honest ones to operate since there is legitimate competition.
-Dave
This way there is oversight as to what happens and the additional tax revenue.
It also makes it harder for the less honest ones to operate since there is legitimate competition.
-Dave
All of the companies that are recommended, for sure, have been operating somewhere that's why it's one of the chosen ones. I think they would be more successful once they have started in 2022. I think we won't see any impact on it since it's online, but a lot of people are going to be going there to gamble. I do hope that gambling with cryptocurrencies would be able to do that as well or something related to that.
A great way for New York to earn as well. Legalizing it.
A great way for New York to earn as well. Legalizing it.
I believe they will accept cryptocurrency too but indirectly approach, They can use a 3rd party services that let user deposit crypto and automatically convert it into fiat once the crypto is confirmed on the casino wallet. That is just wild guess but for sure, they will use the convenience of using cryptocurrency instead of cash since this the trend right now on online gambling.
I hope that we might see one or all of these casinos promoting in Bitcointalk.org in the future.
All of the companies that are recommended, for sure, have been operating somewhere that's why it's one of the chosen ones. I think they would be more successful once they have started in 2022. I think we won't see any impact on it since it's online, but a lot of people are going to be going there to gamble. I do hope that gambling with cryptocurrencies would be able to do that as well or something related to that.
A great way for New York to earn as well. Legalizing it.
A great way for New York to earn as well. Legalizing it.
This news is very important and would be related to crypto if one day these sites listed will start accepting crypto for sports betting.
I believe if the government is regulating sportsbooks properly, they should also consider how to increase the revenue of the casinos, and integrating crypto would definitely help as we know how popular crypto is now with its growing adoption. Someday, more competitive casinos will operate worldwide and they can take clients from this land, so if these casinos will not innovate, then they'll probably get outdated sooner or later.
I believe if the government is regulating sportsbooks properly, they should also consider how to increase the revenue of the casinos, and integrating crypto would definitely help as we know how popular crypto is now with its growing adoption. Someday, more competitive casinos will operate worldwide and they can take clients from this land, so if these casinos will not innovate, then they'll probably get outdated sooner or later.
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