Three California Betting Bills for Consideration
06 January 2016
The Government Oversight Committee of the California state legislature has put a lot of emphasis and priority on a hearing that's happening on January 6. The point of this hearing is to look at legalizing intrastate online poker along with the same for sports betting and daily fantasy sports. One of the bills is the Internet Fantasy Sports Game Protection Act, and it was introduced back in September.
Future of Daily Fantasy Sports
One of the things that everyone is the industry is looking at right now is how daily fantasy sports companies are being treated in this country. Several states have had problems or issues with the major players in the industry, and California is looking to make itself one of the first states to regulate the industry instead of ignoring it or trying to ban it. This could be a pretty big deal, but it's a movement that's obviously being opposed by the racetracks, native tribes and card rooms for the usual reasons.
Sports Betting Issues
Another part of this hearing that's particularly exciting is the bill AB1441, which has to do with getting around the Professional and Amateur Sports Protection Act. This act, known as PASPA for short, is the federal law that keeps sports betting to just a few states and doesn't allow other states to offer it. New Jersey had a big fight against the same law in 2015, and this could be the year that California takes the fight to the federal government if we see this bill get some traction.
Don't Forget Online Poker
There has been a movement to get online poker legalized in California for several years. One of the interesting parts of this movement has been the transfer of ownership for PokerStars because of how they were labeled "bad actors" for flaunting the UIGEA and continuing to offer their games in the country for so long. The Amaya Gaming Group purchased the company in 2014, and they've been working to rehab their image since. They also have a vested interest in the daily fantasy sports side of things thanks to their relatively new product in that space, so it'll be interesting to see how they're able to influence things.
08 February 2016Bill for Online Poker in New York Gets Traction
The situation with online poker in the United States is extremely tricky. Because the game is unlikely to be regulated on a national level, it's up to the states to regulate things one at a time. New York has been one of the states putting up the most resistance to regulating the industry, but a recent development has put players in a position of being a bit more hopeful than before.Read full article
28 January 2016Russia Could Legalize Internet Poker Games
In the past, Vladimir Putin has expressed an interest in legalizing online poker because of the sport and competition elements of the game. A lot of industry experts assumed it most likely wouldn't actually happen, but they could have been mistaken. Business Insider published an article recently that builds a pretty strong case for Russia being about to legalize the industry instead of carrying on with the current ban. The Importance of RegulationRead full article
03 November 2015EPT Malta High Roller Event Won by Byron Kaverman
An American professional online poker player by the name of Byron Kaverman has taken top honors in the EPT Malta High Roller Event. This event had a buy-in of €10,300, and there were a total of 210 players for a prize pool of over €2 million. Kaverman was able to take down €430,800 for first place in this event. Multiple High Roller Places Kaverman is no stranger to these top-tier places.Read full article