by Michael Molter | Aug 19, 2019 5:51 pm | Regulatory
The Wire Act was made into law in 1961 to prevent underground sportsbooks from ruling the industry. When the internet was created, the Wire Act immediately became obsolete, yet no parts of the law were changed. The Department of Justice released an opinion in 2011...
by Andy Faust | Jun 10, 2019 11:47 am | Sports Betting
The Wire Act has been ruled to apply strictly to sports betting, pending appeal. This ruling allows gamblers and gaming operators the economic benefit of shared liquidity. Shared liquidity would help reduce the cost and risks associated with sports betting. LAS VEGAS...
by Michael Molter | Jun 4, 2019 4:13 pm | Regulatory
Judge Paul Barbadoro from the New Hampshire District Court reviewed the Wire Act this time around. Vastly different opinions derived from the Department of Justice in both 2011 and 2018. The DOJ has the opportunity to further the challenge, taking the Wire Act...
