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Industry
February 20, 2025
Argentina’s Newest Crypto Scandal Reflects President Milei’s Worrying Attitude to Gambling
Argentina’s President Javier Milei is facing substantial public backlash after he promoted the cryptocurrency $LIBRA on social media. Milei tweeted on X (formerly Twitter) on 14 February, praising the token and stating it would fund small businesses and Argentine startups. Thousands of investors jumped in within an hour, taking the price from $0.21 to a […]
Industry
February 20, 2025
BetMGM Offers Bets on Canadian Politics as Elections Draw Near
As the Canadian elections draw near, BetMGM Canada has launched appropriate markets, bringing political pundits closer to the action. While the odds could change at any time, it seems that BetMGM currently trusts Mark Carney to succeed Justin Trudeau as the head of the Liberals and prime minister of Canada. However, the company isn’t so […]
Industry
February 17, 2025
Nevada’s Rep. Horsford Pushes TIPS Act for Fair Wages
A Democrat from Nevada and a recognizable lawmaker reintroduced legislation seeking to eliminate a subminimum wage and exempt tips from taxes. The proposal, reintroduced by Reps. Steven Horsford (NV-04) and Donald Norcross (NJ-01), is in fact enjoying bipartisan support. TIPS Act to Eliminate “Inhumane” Subminimum Wage The two lawmakers announced the reintroduction of the Tipped […]
Industry
February 12, 2025
No Mass Deportations Expected For LV Hotel, Casino Employees
During his presidential campaign, Donald Trump addressed a number of issues, vowing to bring many changes once he assumes office. After his win in November, it was only a matter of time for this to happen. Last month, Trump assumed office and immediately started signing a range of executive orders in what appears to be […]
Industry
February 6, 2025
Leaders Discuss the Future of Tribal Gaming under Trump
Native American gaming leaders are wary of Trump’s second term as president, fearing that it might impact their businesses. The billionaire has been an outspoken critic of tribal gaming, critiquing the vastly different rules they have to adhere to. Governmental Shifts May Mean Trouble for Tribal Gaming At a recent Indian Gaming Association (IGA) webinar, […]
Industry
February 4, 2025
Australia: Gambling and Alcohol Firms Donated $1.5M to Politics
A new report by the Australian Electoral Commission (AEC) revealed that alcohol and gambling companies have spent some AUD 2.5 million on political donations during the 2023-2024 fiscal year alone. This was critiqued by the Foundation for Alcohol Research and Education (FARE) and the Alliance for Gambling Reform (AGR), who said that these efforts jeopardize […]
Industry
January 29, 2025
California AG Reportedly Accepted Donation from Casino Under Investigation
California Attorney General reportedly accepted several donations supporting his campaign in 2021, including from a casino that has been under scrutiny by his office. The Bicycle Casino Donated $16K to AG Rob Bonta As announced by the San Francisco Chronicle, Attorney General Rob Bonta accepted the maximum donation allowed per the state’s laws in 2021, […]
Legal
January 20, 2025
Legal Battle Between Kalshi and CFTC Intensifies
Ahead of the Presidential Elections in the United States in November, the Commodity Futures Trading Commission (CFTC), an agency that regulates US derivative markets and combats manipulation, fraud and other unlawful practices, clashed with Kalshi, a regulated exchange and prediction market offering trading on the outcome of real-world events. While the legal hurdle between the […]
Industry
January 16, 2025
Las Vegas Casino Mogul Aids Gaza Hostage Release, Ceasefire
On Wednesday this week, the President of the United States, Joe Biden, announced that a ceasefire agreement was reached between Hamas and Israel, putting a stop to a bitter war that has been ongoing for the last 15 months. The agreement was reportedly reached with the help of US, Egypt and Qatar negotiators and if […]
Industry
January 8, 2025
Better Times for Political Betting May Be on the Horizon as CFTC Chair Resigns
The US Commodity Futures Trading Commission (CFTC) chairman is set to step down, potentially heralding a favorable era for political betting. Rostin Behnam, who chaired the commission during Biden’s presidency, was among the chief opponents of the growing vertical. Behnam Says He Did His Job to the Best of His Abilities Behnam announced his exit […]
