Articles matching tag: Gambling
- Column: Sports Betting Is InevitableJune 15, 2017
Sports betting is coming to a place near you, perhaps sooner than you think. And that place may be as close as your hand. Last month the House Energy and Commerce Committee released a draft of legislation designed to repeal the last vestiges of federal prohibitions on sports betting. If passed, the Gaming Accountability and Modernization Enhancement Act, or “GAME Act,” would give the Federal Trade Commission oversight authority to regulate sports gambling, including online gambling. The GAME Act would repeal the Professional and Amateur Sports Protection Act of 1992 (PASPA), the federal law that prohibits state-sponsored sports betting in all but four states - Delaware, Oregon, Nevada and Montana – which were grandfathered by PASPA.
- Column: Tennis Hit With Allegations of Match FixingJanuary 28, 2016
On the eve of the Australian Open, tennis was reeling under the most serious allegations that can be levied against any sport: match-fixing. According to a report leaked to the BBC and BuzzFeed, an investigation of betting lines and match results in 2008 determined that 28 players took part in what was described as “suspicious games.” A core group of about 10 players were identified as the most common perpetrators. Despite that evidence, none of the players identified by investigators were ever disciplined or charged and all of them continued to compete at tennis’ highest levels. A number of those players have since retired but others are still competing at tennis’ top tournaments.
- Column: Pete Rose's Fantasies Are OverDecember 24, 2015
Pete Rose’s quest for reinstatement by Major League Baseball is finally, mercifully, over. On December 14, in a decision as clear and emphatic as it was transparent, MLB Commissioner Rob Manfred denied Rose’s application for removal from baseball’s permanently ineligible list. While not everyone agreed with Manfred’s decision, even Rose admitted that he couldn’t disagree with the Commissioner’s reasoning. Rose has been lying about his gambling habits throughout his 26-year exile from baseball after being banished from the game by then Commissioner Bart Giamatti. And true to form, he lied on his application for reinstatement and again during his face-to-face meeting with Manfred in September. Old habits die hard.
- Column: Fantasy Sports and GamblingSeptember 24, 2015
Last week we finally got to experience the long-anticipated excitement of the NFL season. We were also inundated with something few of us were prepared for: Non-stop ads for daily fantasy games. According to the SportsBusiness Journal, the two behemoths in the daily fantasy business, DraftKings and FanDuel, have committed to spend a minimum of $200 million with the NFL’s television partners - CBS, ESPN, Fox, NBC and the league’s own NFL Network – this season. One unnamed source estimated that the two companies have already spent $500 million so far this year on advertising during sporting events across all channels. Their goal is to convert some of the more than 50 million fantasy sports players, as reported by the Fantasy Sports Trade Association, to the daily game. And those efforts have so far been successful.
- Column: Adam Silver Endorses Sports GamblingNovember 16, 2014
Last Thursday in an op-ed piece in The New York Times, NBA Commissioner Adam Silver came out in favor of legalizing gambling on professional sports. Talk about a bombshell. Silver’s comments were in stark contrast to the decades old position of his league, which is mirrored by other professional sports leagues in this country. In 1992 the leagues lobbied Congress to pass the Professional and Amateur Sports Protection Act (PASPA) which prohibited the adoption of legalized sports betting in all but the four states - Nevada, Oregon, Delaware and Montana - where it was legal at the time. Just last month, the NBA joined MLB, the NFL, and the NHL in a legal challenge to block the state of New Jersey from implementing sports betting at casinos and racetracks.
- Column: Legality of NCAA BracketsMarch 24, 2014
Has your NCAA bracket been busted yet? If so, you can take comfort in the fact that you aren’t alone. You can also take comfort in knowing that you probably won’t get charged by the authorities for illegal gambling. An estimated 60 million Americans filled out a bracket for this year’s tournament. Many of those individuals also put down a friendly wager, which is legal at sports books in Nevada but illegal in most other jurisdictions in the United States. There are exceptions. Vermont is among the states that allow gambling on the NCAA Tournament and other events as long as it is in small amounts and consists of a “winner-take-all” format. That means the organizer of the pool can’t take a cut. Montana state statutes distinguish between “private” and public” gambling. In other words, if your “office pool” is limited to people within your office, you’re technically complying with the law.