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Social Gambling Looking For Liberal USA Market
Friday March 15,2013 : SOCIAL GAMBLING SITE EYES A MORE LIBERAL U.S. MARKET
As individual states move toward legalisation, Fanhood could be a winner
The online gambling liberalisation trend currently sweeping a number of US states has given hope to social gaming operators like Fanhood, which allows social punters to buy tokens and make sports wagers with their friends…but not withdraw cash.
"Experience sports betting, play sports trivia and challenge other fans' teams in the most exhilarating sports app on Facebook!" urges the landing page of the dotcom site as the traditionally frenetic March Madness betting season triggers in the United States.
CEO Brandon Ramsey, a former engineer at Yahoo and Zynga, says Fanhood is aimed at the millions of Americans who make casual sports bets with friends for fun and bragging rights. The enterprise has already attracted 50,000 active users on Facebook who can use virtual currency tokens to bet on everything from the Superbowl to NHL hockey games.
“It’s the same kind of psychology as taking $5 from a friend,” said Ramsey this week, claiming that Fanhood’s social networking facilities and on-going tallies of bet outcomes keep users coming back.
Fanhood is legal under current US laws because players can’t cash out. If those laws were to be changed at state level, that situation could be improved from a player perspective, although a sports betting option is particularly tricky due to the existence since 1992 of the federal government's Professional and Amateur Sports Protection Act (PASPA) which restricts sports betting to just four US states.
PASPA has twice been unsuccessfully challenged by the states of Delaware and, more recently, New Jersey which wanted to expand into sports betting. The latter state has appealed a negative judgement against it earlier this year by federal judge Michael Shipp
In the meantime, it looks as if Fanhood will have to be content with present income, unless a takeover materialises from one of the major gambling groups.
There has been a trend toward social gambling convergence during the last two years, illustrated through acquisitions in the sector by firms like IGT, Caesars Entertainment, Aristocrat and Bally Technologies, and a slew of partnership and cooperation deals by a range of companies that have social gaming expertise, and those that want to harness it..
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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