Latest articles
PlayUp Legal Fiasco, Pt. 1: How It Started and How It’s Going
Late last week, the technology supplier PlayUp Ltd. filed another motion against their former U.S. CEO Dr. Laila Mintas. It’s the latest filing in a legal battle that PlayUp initiated last November. That’s when the Australia-based global online sports betting operator asked for a temporary restraining order against Mintas. PlayUp claims that Mintas intentionally derailed […]
Canada’s Long and Winding Path to Privatized Online Gambling
As part of a recent academic article, I dug into the path that sports betting took to legalization across Canada. Online casino gaming has emerged on a track that’s largely parallel to online sports betting. For much of Canada’s history, gambling policy emerged rather uniformly, and gambling remotely with computers was the stuff of science […]
PredictIt’s Status in Jeopardy After CFTC Withdraws No-Action Letter
Experimental predictions market site PredictIt may eventually be forced to shut down. The site, which allows users to buy and sell “shares” in political propositions, has operated since 2014 under the grace of a “No-Action Letter” from the Commodity Futures Trading Commission (CFTC). That agency has now withdrawn its tentative permission. A no-action letter is […]
Steve Wynn Claims DOJ’s FARA Demand Comes Too Late, Is Unconstitutional
Last week, casino billionaire Steve Wynn requested that a civil case brought against him by the Department of Justice be dismissed. In May, the DOJ announced a lawsuit against Wynn. They claimed that the retired mogul had not registered as an agent of China when he’d allegedly lobbied the Trump administration in 2017 on behalf […]
New Senate Minority Leader Possible After Supreme Court Decisions
Conservative victories at the Supreme Court may not be enough keep Mitch McConnell the Senate minority leader. The Roe v. Wade draft leak in May shocked the PredictIt balance of power market. The price of a Republican sweep of Congress dropped by seven cents, and Democratic markets rose five cents. Prices steadied but unambiguously favored […]
Supreme Court’s Castro-Huerta Ruling Limits Earlier McGirt Decision
On the second-to-last day of its term, the Supreme Court released a decision in Oklahoma v. Castro-Huerta. This case has likely flown under the radar for many, especially compared to other recent high-profile and controversial decisions. However, the Castro-Huerta decision is incredibly significant for Native Americans. It also has ramifications for the future possibility of online […]
Penn National Employee Charged with Insider Trading
Amateur criminals often find that they’d have been better off leaving things to the professionals. In what may prove to be an example of that, the Securities and Exchange Commission (SEC) recently charged a Penn National Gaming employee with insider trading. Earlier this month, the SEC alleged that David Roda, 36, and a childhood friend […]
Supreme Court Abortion Ruling Doesn’t Change Midterm Outlook
After the Supreme Court abortion ruling eliminating the right to abortion, 15 states banned all or most abortions immediately or will ban all or most of them within 30 days. Another five are likely to ban it shortly. Despite this consequential decision, PredictIt’s balance of power market still predicts a Republican House and Senate in […]
Has The Final Chapter Been Written In The Mike Postle Poker Saga?
The biggest poker scandal of the last few years has reached something like a conclusion, albeit not a very satisfying one. Roughly two-thirds of the plaintiffs seeking justice for alleged cheating by Mike Postle have agreed to a settlement. What the remaining plaintiffs have planned remains uncertain. Postle himself has been in the clear, legally […]
