Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

iGaming Industry

US Senators Revive Federal Online Gambling Ban Efforts

Published

on

Two US Senators Revive Federal Online Gambling Ban Efforts

Advocates of a federal online gambling ban are framing the recent legalization of iGaming in Pennsylvania as a clear signal that the federal government needs to involve itself in gambling at the state level, in a letter sent to the Department of Justice.

 

The letter was co-signed by two of the usual suspects in the anti-online gambling movement, Sens. Diane Feinstein (D-CA) and Lindsey Graham (R-SC).

This is far from the first such letter, and as usual, it’s riddled with mischaracterizations, conjecture and outright falsehoods.

Claim No. 1: The 1961 Wire Act was written to outlaw online gambling

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The pair open by saying the 2011 OLC opinion, “Reversed 50 years of interpreting the Wire Act to prohibit all gambling online.”

This is a pretty breathtaking sentence considering the DOJ first weighed in on the issue of online gambling in a 2002 opinion.

And there’s the tiny issue that the internet and “online” didn’t exist 50 years ago.

Claim No. 2: The FBI has concluded…

One of the most frustrating elements of the letter is its mischaracterization of a n FBI letter from 2013.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The Graham-Feinstein letter says:

“the FBI has concluded that ‘online casinos are vulnerable to a wide array of criminal schemes,’ including money laundering and ventures by transnational organized crime groups.”

What the FBI actually said was, illegal, offshore online gambling could be used for criminal activity.

As OPR has written in the past: “The FBI letter was not a warning; it was a response to a Congressional request about the potential dangers of money laundering via online gambling. The FBI also concluded these threats were largely preventable and detectable.

In fact, later in the letter, the FBI explicitly states that, “Many of these methods could be detected and thwarted by a prudent online casino.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In other words, the FBI letter was making the case for regulation.

And that brings us to the next claim in the Graham-Feinstein letter.

Claim No. 3: Conflating regulated online gambling with unregulated

In response to a previous anti-online gambling letter signed by 10 state attorneys general, Rep. Dina Titus (D-NV) told Online Poker Report: “… throughout the letter, there is no distinction made between legal online gaming and illegal operations. In states where online gaming is legal and regulated, there are extensive consumer protections in place that are enforced by state law enforcement authorities.”

Claim No. 4: Regulated markets are infringing on the rights of other states

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In one of the worst cases of projection in history, the letter claims that states that have legalized online gambling within their borders are infringing on the rights of states that haven’t taken action. This claim is made despite all evidence that the geolocation technology that prevents users from outside the state of gaining access to licensed online gambling sites is highly effective.

Imagine living in New Hampshire and having the federal government tell the state it can no longer sell fireworks because it needs to protect the interest of Massachusetts, where the sale of fireworks is illegal.

That is essentially the states’ rights case the letter is making. Even though the technology exists to ensure residents in other states cannot play online in New Jersey, we need to outlaw online gambling nationwide and shut down New Jersey online casinos.

Apparently states rights are only valid on one side of the issue: the side Sens. Feinstein and Graham are on.…

The post US Senators Revive Federal Online Gambling Ban Efforts appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)


Source: EEGaming.

Alejandro Navarro

Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform

Published

on

betski-secures-$345,000-in-pre-seed-funding-for-first-ever-tokenized-casino-ownership-platform

 

Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.

Opening Casino Ownership to Everyone

The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.

This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.

Direct Profit-Sharing Through Tokens

Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.

“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.

Global Growth of Online Casino Ownership

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.

Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.

The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.

New Opportunities for Investment

Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

Published

on

ecogra-approved-to-operate-in-arizona,-indiana-and-panama

 

eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

Continue Reading

BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

Published

on

betconstruct-to-showcase-latest-innovations-at-g2e-las-vegas-2024

 

BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending