iGaming Industry
Gambling Clash at U.S. Supreme Court Unites Trump and the NFL
The NFL, a target of the president’s Twitter ire over national anthem protests, is banding together with the administration to fight the outgoing governor in a case the high court will hear Monday.
It’s an unusual pairing in a case full of odd alignments and high stakes. New Jersey is seeking to overturn the 1992 federal law that bars single-game sports gambling in every state except Nevada. Should that effort succeed, other states could move quickly to grab part of the $150 billion the casino-backed American Gaming Association says is wagered illegally every year.
“The gold rush is ready to begin,” said Daniel Wallach, an expert on sports and gaming law at Becker & Poliakoff in Fort Lauderdale, Florida.
New Jersey wagering advocates say legalization could revitalize Atlantic City, the gambling center where Trump once owned casinos. Among the most ardent proponents is Christie, whose support for Trump during the 2016 presidential campaign was part of an on-again, off-again relationship that almost resulted in a cabinet position.
The nation’s largest pro sports leagues and the National Collegiate Athletic Association are leading the fight against the state, even as some of them inch closer to embracing gambling themselves. National Basketball Association Commissioner Adam Silver has said that Congress should let states authorize wagering, subject to strict regulation and technical safeguards.
“There is an obvious appetite among sports fans for a safe and legal way to wager on professional sporting events,” Silver wrote in the New York Times in 2014.
New Jersey has been trying to legalize sports gambling in its casinos for years, starting with a 2012 law that explicitly authorized wagering. Federal courts struck down that measure as violating the 1992 Professional and Amateur Sport Protection Act, or PASPA. That law says states other than Nevada may not “sponsor, operate, advertise, promote, license or authorize by law or compact” a sports-gambling system.
New Jersey then took a less direct approach by exempting racetracks and Atlantic City casinos from its gambling prohibition but not explicitly authorizing wagering or setting up a new regulatory system. A Philadelphia-based federal appeals court voted 10-2 to strike down that law as well, siding with the leagues and the federal government, then controlled by the Obama administration.
10th Amendment
In their appeal, Christie and other New Jersey officials point to Supreme Court decisions barring the federal government from “commandeering” a state’s regulatory power. New Jersey says those rulings, which invoke the Constitution’s 10th Amendment, mean the state can’t be required to maintain its prohibition on gambling.
“A federal court, purporting to enforce federal law, now is dictating the contents of New Jersey’s state law concerning sports wagering,” the state argued in court papers.
New Jersey says the state law’s opponents conceded during the first round of litigation that the state wouldn’t violate PASPA if it simply repealed its gambling prohibition.
But the leagues and Trump administration say that’s not what New Jersey did. They call the latest law a selective repeal that legalizes gambling only in highly regulated casinos and racetracks.
“New Jersey wishes to do what PASPA prohibits: to authorize sports gambling at its licensed casinos and racetracks,” Trump’s solicitor general, Noel Francisco, argued in court papers.
“Congress does not commandeer the states just because it limits their policy options,” the leagues argued.
Ideological Divide
The state’s contentions are likely to resonate with the court’s conservative wing, and the justices could divide along ideological lines. That happened in 1997, when the court struck down a requirement that local law enforcement agencies run background checks on would-be gun buyers. The vote was 5-4, with Anthony Kennedy, the court’s most frequent swing justice, in the majority.
The latest case is dividing conservative groups. Some are backing the state and aiming to rein in the federal government while others say state-sponsored sports gambling would lead to crime and threaten the well-being of children.
It’s also splitting top lawyers who served in the George W. Bush administration. Ted Olson, Bush’s first solicitor general, will argue for Christie. Paul Clement, Olson’s successor, will argue for the sports leagues. It will mark the first time the two have ever directly squared off in a Supreme Court argument.
The impact of a New Jersey victory would depend on how broadly the court rules. If the court simply upholds the state’s repeal, few states are likely to follow New Jersey’s lead, Wallach said.
But if the justices go further and throw out PASPA, 12 to 15 states might authorize sports betting by the end of 2018, he said. Mississippi and Connecticut have already passed legislation that would let them offer sports gambling almost immediately.
That would leave the leagues even more dependent on Congress to establish federal standards. “If New Jersey wins the case, particularly if the statute is declared unconstitutional, the leagues will lose a significant amount of leverage,” Wallach said. “Once the floodgates open up, it will be difficult to rein that in.”
The lead case is Christie v. NCAA, 16-476.…
The post Gambling Clash at U.S. Supreme Court Unites Trump and the NFL appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.
Source: EEGaming.
Alejandro Navarro
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.
“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
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.
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.
“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.”
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.
Terrible’s Mobile Gaming Introduces 5-Card Draw Poker in Nevada
Salsa Gator, Brazil’s game aggregator, secures certification for the regulated market
Imagine Live Partners with King.rs
Digitain Announces New Slogan and Vision Ahead of ICE Barcelona
North Star Network acquires Soccernet.ng to strengthen Nigerian presence
Summoners War X AppGallery Meetup 2024: Exclusive Insights with SWC Europe Cup Champions NEF, ISMOO and STARTIIK
Push Gaming embarks on a feature frenzy in Jaguar Drop
BGC RESPONSE TO DCMS MANDATORY LEVY AND ONLINE SLOTS STAKE LIMITS ANNOUNCEMENT
Rush Street Interactive’s Laura McAllister Cox Named Chief Compliance Officer of the Year at Vixio Global Regulatory Awards
Aristocrat Interactive Teams Up with Big Bola to Power Full Suite of iGaming Solutions Across Mexico
-
gaming2 years agoODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory8 years ago
iSoftBet continues to grow with new release Forest Mania
-
News7 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News6 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry7 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News6 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry7 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News7 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018
