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99 Percent Of Superbowl Sportsbets are ILLEGAL
2/4/10 - In an op-ed piece that appeared in the Washington publication Roll Call, Representative Jim McDermott this week reinforced calls for a more pragmatic approach to sports betting by Congress.
In his article titled “All Bets Are Not Off on Super Bowl Sunday" McDermott highlights how an expected "...99 percent of wagers on the Super Bowl will be placed illegally online or through a bookmaker, where consumers have no legal protections and are left vulnerable to exploitation." Bet on the Superbowl Now.
The proliferation of illegal betting reinforces how government efforts to prohibit online gambling have failed, which, Rep. McDermott argues, should encourage Congress to adopt a more sensible policy approach.
The Internet Gambling Regulation, Consumer Protection and Enforcement Act (H.R. 2267), legislation introduced by Financial Services Committee Chairman Barney Frank and supported by Rep. McDermott, would regulate Internet gambling activity and require licensed operators to put in place systems to protect consumers and collect applicable fees on the activity.
Though Chairman Frank's legislation would not allow online wagers on sports, McDermott states that the legislation's passage "could open the door to allowing this activity in the future." Frank’s measure has already attracted the support of 65 politicians.A Joint Committee on Taxation analysis found that the U.S. could receive up to $41 billion in federal revenue over the next decade if Internet gambling is regulated as proposed.
Gambling News :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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