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Sports Betting Regulation and Integrity.
Sports Betting Regulation and Integrity. Within the last week a college baseball coach has been dismissed, and other college athletes and coaches are being investigated in connection with their prohibited participation in sports betting and the use of insider information. This challenge to the integrity of the games and of sports betting may slow the expansion of sports betting. Yet, the same challenges exist where sports betting is unregulated and…
LEARNING FROM POKER (Sometimes the Hard Way)
Learning from Poker Poker can teach you many life lessons, including about decision-making, patience, risk, controlling your emotions, and strategy. To excel at poker, you must be able to make decisions based on incomplete information and continuously adjust your strategy based on new information and changing circumstances. What looked like a good starting hand can often change with the next card. You may have to throw away a hand like AA that a moment before seemed like a sure money maker. Poker can also teach…
The Growth of Sports Betting in the U.S.
The Growth of Sports Betting. Sports betting has experienced significant growth in the United States in recent years. In the past, sports betting was only legal in a few states, such as Nevada. However, in 2018, the Supreme Court of the United States overturned a federal ban on sports betting, which allowed individual states to legalize and regulate sports betting within their borders. Since then, many states have passed legislation to legalize sports betting. As of March 2023, more than 35 states and the District…
Props 26 and 27: Dueling Ballot Initiatives. Will we be Delivered?
Props 26 and 27: Dueling Ballot Initiatives. Will we be Delivered? Remember the classic scene from Deliverance? Drew invites the backwoods kid with the banjo to play together, but despite their mutual talent for music in the end the kid eerily looks away and refuses to shake his hand? Well get ready for the California sports betting initiatives Propositions 26 and 27, already the most expensive dueling ballot measures in state history. Prop 26 is sponsored by a few Indian tribes. It authorizes on-site…
When will California Cardrooms Re-Open and What will Customers Experience?
In March, California’s cardrooms voluntarily closed because of the Coronavirus. Now many are hoping to re-open following published guidance from the Governor’s office on June 5. A few cardrooms may be able to open as soon as June 12, and most other card rooms anticipate opening later in June or early July, subject to each county’s progress under the State’s Resilience Roadmap. The re-opening of California card rooms will likely be accompanied by new regulations from the Gambling Control Commission, and written protocols designed…