Sports Betting News

Additional thoughts:

• A coalition of gaming groups from all across the state has been working on the issue in recent months and has plans to introduce a bill that would allow the establishment of online gambling in the state if it is approved. It would appear that the process is going well, but any legal challenges will likely occur in the form of a lawsuit. The fact of the matter is that the state needs to get involved and create a state-wide solution, as sports betting is a huge threat to NC's economic stability.

  It was even estimated that the industry will amount to $3 billion over its first five years of operation, which means a lot of money is lost or wasted in the process. Please call for a quick resolution to allowing the establishment of online sports betting in North Carolina.

• Ifrah Law, and some of the other tribes involved in its development, hope to be the first states to offer this kind of sports betting functionality for all across the U.S and that includes the UIC region. One of its main goals is to help promote the digital currency among tribes across the country, as well: "If the cryptocurrency works, we can help Native Americans better understand digital currencies, and eventually gain access to the full benefits of digital currencies in their everyday lives".

  According to the federal government's investigation, if all the tribes participating can all offer at least minimal support for a service like this, the possibility that tribes will make their own, custom sports betting app that is similar to the state-wide Appy's app was very remote indeed. If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

• The time frame, it has been suggested, will be a year to year transition period. The proposed rules, from the IGRA, include an advisory group to advise the Commission on the potential outcomes of the public's input. A major goal of the IGRA is to address the issues surrounding legalized sports betting.

  While this is not something we have been able to directly touch on, it is still in the planning stages, and one that is of importance to me and many others. It is the only way sports betting can truly thrive in the absence of a viable regulatory framework, and this is not something that can be denied in the face of the immense threat our State, tribes, and communities currently face.

• It can take until March to move forward on state involvement, but Zabriskie said that many of these new mobile sports betting casinos may already be out there and still rely on the federal government. For now, the federal government doesn't seem to be involved much in the project or the development process. While the law allows a government entity to establish certain types of gambling businesses – and some federal employees have even tried to establish a gaming company – it seems that this does not happen often enough. When it comes to gaming gambling regulations, the only regulation that actually comes up is that the United States of America must allow casinos to operate out of a state or city that already permits these forms, according to the BTRA.

  In the meantime, this is where any legal action against a federal gambling activity starts.

• The IGRA's rulemaking process is expected to last several months. To give many potential states time to craft their rules, it would require the Gaming Commission to complete rules of their own from two state departments—one the New York State Department of Labor and Workforce Development and one the Gaming Commission. All 50 states currently require their state departments to post rules, and many (including New Mexico) use the IGRA's process—and perhaps the law—to guide their rule-setting. It's not clear how New Mexico's public comment period would work, because the state is limited by state law regarding public comment.

  Nonetheless, even in the absence of public comment, the state may have enough interest in sports betting in question that they might reasonably want to hold on to their own rules during the 60-day comment period.