Monthly Archives: December 2018

Sports (Online Gaming and Prevention of Fraud) Bill introduced in Lok Sabha by Dr. Shashi Tharoor

Thiruvananthapuram MP and senior Congress Leader Dr. Shashi Tharoor introduced a Private Member’s Bill, titled the Sports (Online Gaming and Prevention of Fraud) Bill in the lower house of parliament on 28th December 2018. The Bill, 2018 is aimed to introduce an effective administration to maintain the integrity of sports in India by preventing and penalising sports fraud and for regulation of online sports gaming.

Elaborating on the bill, Dr. Shashi Tharoor said, “The integrity of sports is essential to preserve its beneficial aspects. Sports integrity is increasingly under threat due to unabated acts of fraud and corruption. My Bill addresses this issue by criminalizing sports fraud, including match fixing and spot fixing.

Sports is a major source of commerce and revenue for many entities, especially in the field of betting or gaming in connection with sporting events. The increasing commercial nature of sports, increases the possibility of sports manipulation by vested interests to make financial benefits. A complete prohibition on betting on sports has not been a successful approach, rather it has driven the market further into the black economy.

The law must adopt a regulatory approach and effectively demarcate the lines of permissible conduct in the field of betting or gaming in connection with a sporting event. My Bill provides the framework to make this possible.”

Sports (Online Gaming and Prevention of Fraud) Bill introduced in Lok Sabha by Dr. Shashi Tharoor

Thiruvananthapuram MP and senior Congress Leader Dr. Shashi Tharoor introduced a Private Member’s Bill, titled the Sports (Online Gaming and Prevention of Fraud) Bill in the lower house of parliament on 28th December 2018. The Bill, 2018 is aimed to introduce an effective administration to maintain the integrity of sports in India by preventing and penalising sports fraud and for regulation of online sports gaming.

Elaborating on the bill, Dr. Shashi Tharoor said, “The integrity of sports is essential to preserve its beneficial aspects. Sports integrity is increasingly under threat due to unabated acts of fraud and corruption. My Bill addresses this issue by criminalizing sports fraud, including match fixing and spot fixing.

Sports is a major source of commerce and revenue for many entities, especially in the field of betting or gaming in connection with sporting events. The increasing commercial nature of sports, increases the possibility of sports manipulation by vested interests to make financial benefits. A complete prohibition on betting on sports has not been a successful approach, rather it has driven the market further into the black economy.

The law must adopt a regulatory approach and effectively demarcate the lines of permissible conduct in the field of betting or gaming in connection with a sporting event. My Bill provides the framework to make this possible.”

CalvinAyre.com’s most read Bitcoin stories of 2018

The cryptocurrency market entered 2018 full of hope and vigor, but there’s no denying that the past 12 months have been challenging for crypto—majority of the digital assets plunged in value as the sector faced regulation from many jurisdictions around the world, along with a number of exchange hacks and other noteworthy events that took place in the past year. 

One step forward

2018 was the year of “comebacks”, particularly for Dan Bilzerian. The so-called “King of Instagram” announced in April that it’s “time to get back in [sic] crypto.”

Time to get back in crypto

CalvinAyre.com’s most read Bitcoin stories of 2018

The cryptocurrency market entered 2018 full of hope and vigor, but there’s no denying that the past 12 months have been challenging for crypto—majority of the digital assets plunged in value as the sector faced regulation from many jurisdictions around the world, along with a number of exchange hacks and other noteworthy events that took place in the past year. 

One step forward

2018 was the year of “comebacks”, particularly for Dan Bilzerian. The so-called “King of Instagram” announced in April that it’s “time to get back in [sic] crypto.”

Time to get back in crypto

My five favourite poker victories of 2018

As the poker industry races into a new year like a cop chasing a robber down the freeway, Lee Davy, shares his five favourite poker victories of 2018.

When you ask people to name their favourite poker victories of 2018, I imagine you will hear people waxing lyrical about Justin Bonomo’s incredible treble, Manuel Ruivo taking down the Online MILLIONS, and John Cynn taking down the World Series of Poker (WSOP) Main Event.

All three are great in their own right.

I decided to take a different approach.

Connecticut Lottery considering switch to computerized drawings

The Connecticut Lottery Corp. (CLC) is quietly examining possible changes to the drawing procedures by which it selects winning numbers in its various games — from the daily Play 3 game on up — and one option under consideration is to discontinue live TV drawings that have been broadcast on local stations since 1977.Connecticut, Technology, Computerized Drawings, Director

Michigan guv vetoes online gambling legislation

Michigan’s governor has vetoed the online gambling bill the state’s legislature approved just days before Christmas.

On Friday, Michigan’s outgoing Gov. Rick Snyder vetoed a smorgasbord of bills that the state legislature passed in the days before Christmas, including the HB 4926 bill that would have authorized the state’s commercial and tribal casino operators to launch intrastate online gambling operations.

Snyder issued a letter justifying his veto, saying he appreciated the “significant amount of work’ that legislators such as Rep. Brandt Iden had put into achieving consensus among the state’s commercial and tribal gaming operators, but claimed that government agencies “simply don’t have the data to support this change at this time.”

Snyder claimed that authorizing online gambling could cause the state’s gamblers to shift their focus “from the state’s iLottery program to internet-based gambling at casinos.” The Michigan Lottery launched its online sales division in November 2014 and it has gone on to become a significant contributor to the state’s lottery revenue.