U.S. Sports, a Nevada daily fantasy sports startup is taking a decidedly different approach to the business than their better know peers like DraftKings and FanDuel. Under the tutelage of Mike Knapp, the company's Fantasy Commissioner, U.S. Sports is proudly embracing the gambling label most US-facing daily fantasy sports have shunned like the plague. Knapp's…
Russia has long been a place where illegal gambling isn't looked on particularly kindly by government officials. Fines for illegal operators range from extreme to sky-high and, if a new bill under consideration by the State Duma passes, they'll go even higher. According to a recent announcement by The Russian Legal Information Agency, as reported…
Disgraced and controversial poker player Chris Ferguson surprised the poker world by making an appearance at the World Series of Poker (WSOP) in Las Vegas this weekend. Ferguson, who played a major role in the events leading to the 2011 collapse of the US-facing online poker industry (a.k.a. Black Friday). Besides being the target of…
Irish horse racing magnate and billionaire JP McManus is fighting US tax authorities over how his winnings from an epic 2012 backgammon run should, or should not, be taxed. At issue is approximately $5.2 million of $17.2 million McManus won during a three-day long match with American billionaire Alec Gores. When the backgammon binge was…
BitGo, a well-known Bitcoin wallet service, was hit with a massive DDoS attack recently that left users unable to access their cash and challenged commonly held notions about Bitcoin security. The attack took place on Saturday and lasted somewhere between four and five hours. During the attack, end-users were unable to access their funds. Published…
The US-facing daily fantasy sports industry has been taking fire from all sides since the insider trading scandal devastated the business last fall. Since then, daily fantasy sports operators have been fighting for their lives in almost every US State. Here's a look at how that fight is going. New York DFS Bill Advances -…
After an extensive investigation, the Tennis Integrity Unit has found no signs of match fixing during this year's Australian Open. The probe was launched after online bookmaker Pinnacle Sports reported unusual betting activity in the mixed-doubles market. Upon noticing a large amount of wagers rolling in on some fairly obscure, and long-odds pairs Pinnacle halted…
Authorities in the Canadian province of Quebec are getting ready to enforce a blacklist of over 2,000 unregulated online gambling sites. It's a controversial move that's aimed at shoring up Loto-Québec, the provincial lottery, but it's not without controversy. Loto-Quebec officials have made no secret about what's motivating their desire to block access to the…
Yet another attempt to shut down the US-facing online gambling industry by implementing the Restoration of America's Wire Act (RAWA) by Congress has failed. Earlier this month, lawmakers attempted to quietly insert a RAWA-like amendment into a spending bill that was bound for the House Appropriations Committee. The amendment read: Since 1961, the Wire Act…
Daniel Negreanu is one of the best, if not the best, poker player in the world. So when Negreanu talks, the poker world listens. On a recent posting on his popular blog on Poker Journal, however, the poker legend told his fans something they probably didn't want to hear; earning a living as poker player…
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