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 Andy Faust | Jun 6, 2019 11:50 am | Sports Betting
The current DraftKings app may not be compliant with the Interstate Wire Act. DraftKings will have to move its “wallet server” from New Jersey to West Virginia. The necessary delay should take only a few weeks. CHARLESTON, W.V. –West Virginia’s rollout of mobile...
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...
by Daniel Borjas | May 28, 2019 8:43 am | Regulatory
OH HB 194 had its second hearing in the House Finance Committee. The meeting helped ensure sports betting would follow the Wire Act. Rules were also added to prevent money laundering. COLUMBUS, Ohio – A Ohio sports betting bill had its second hearing on Thursday in...
by Hasan Nabulsi | May 15, 2019 12:09 pm | Regulatory
The Wire Act of 1961 was originally written into law to cripple mob organizations from running crooked sportsbooks. Earlier this year, the Wire Act was reinterpreted to include all interstate gambling – not just sports betting. The new Wire Act opinion is not...
