October 3, 2016
The Wall Street Journal has reported this weekend that Cantor Fitzgerald LP’s sports betting subsidiary CG Technology has agreed to pay $22.5 million to the US government in forfeiture of the firm’s connection with illegal gambling and money laundering activities. Cantor governance has pushed for a non-prosecution agreement with the US Government, with CG Technology admitting responsibility of aiding and …
Read More »July 23, 2015
US sports network ESPN has disclosed that the Department of Justice and the NFL in legal documents have considered, sports betting to be a ‘game of skill’. The definition used by both parties may become a vital distinction in the progress of legalised sports betting within the US. ESPN, North America’s biggest sports broadcaster, discovered the documents by searching public …
Read More »February 13, 2015
PokerStars’ attempts to get licensed in New Jersey have seemingly come a cropper because of the political ambitions of Governor Chris Christie and the might of anti-online gambling campaigner Sheldon Adelson. Christie has designs on the Republican nomination for the White House and the general consensus is that major donor and Las Vegas Sands owner Adelson will have a huge …
Read More »October 1, 2014
The United States Department of Justice (DoJ) has publically backed US professional sports leagues and the NCAA attempt to block sports betting in the state of New Jersey. The DoJ stated that the reversal of sports betting laws that would permit New Jersey licensed gambling premises to allow sports betting would be in breach of the federal state laws passed …
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