Internet gambling

Stories 1 - 20 |  Next >>

Nevada Shuts Down Fantasy Sports Sites

They'll need a gambling license to operate in state

(Newser) - Nevada regulators ordered daily fantasy sports sites like DraftKings and FanDuel to shut down Thursday, saying the hard-to-miss sites that have flooded the marketplace with TV and Internet ads cannot operate in the state without a gambling license. The decision comes amid growing backlash by regulators and investigators, including New... More »

FBI Talking to Customers of Fantasy Sports Leagues

Feds looking into legality of sites such as DraftKings and FanDuel

(Newser) - The FBI and Justice Department are digging into the scandal that's erupted in the fantasy sports world, and they've begun talking to customers, reports New York Times . "It is entirely predictable that the government would follow up on the misleading reports about our industry," says a... More »

Scandal Hits the Fantasy Sports World

DraftKings employee leaks data, rakes in the bucks

(Newser) - Two big fantasy sports companies are in damage-control mode after an employee leaked vital data and won big bucks in the same week—stirring fears of corruption in a multibillion-dollar industry, the New York Times reports. Ethan Haskell, who works at DraftKings, admits he mistakenly released information about player lineups... More »

Adelson Looks to Declare War on Online Gambling

Big GOP donor says it's bad for business, country

(Newser) - Casino boss Sheldon Adelson was in the spotlight last November for his enormous donations to GOP campaigns. This year, he's using his billions to fight another battle—against online gambling. Though Caesars, MGM Resorts, and other competitors say the practice could actually benefit casinos, Adelson disagrees; he says it... More »

Zynga Is Trying to Get a Gambling License

Company files paperwork in Nevada

(Newser) - Papa needs a new pair of … cows? Zynga yesterday filed the first salvo of paperwork necessary to obtain an online gambling license in Nevada, the Wall Street Journal reports. But don't expect to be betting on Farmville (or more likely titles like Zynga Poker) anytime soon. The document... More »

Now on Facebook: Gambling for Real Money

Well, so long as you live in the UK

(Newser) - Because Facebook isn't already addictive enough ... UK users will now be able to gamble, in addition to posting photos of the excellent pork tenderloin they made for dinner last night. The Next Web reports that Gamesys' new app Bingo Friendzy is the first to allow those over 18 to... More »

ESPN Fires 'Con Artist' Columnist

Sarah Phillips' real identity was questioned

(Newser) - ESPN has fired a writer who went from being a poster on the message boards at gambling site Covers.com to being a star columnist at ESPN.com without anybody checking her real identity. Sarah Phillips was sacked soon after Deadspin ran a lengthy expose questioning her identity and accusing... More »

Forget the Mini-Mart: Now You Can Buy Lotto Tix Online

Why go to all the trouble of buying a physical ticket?

(Newser) - Poker sites may be strictly verboten , but another kind of online gambling is starting to crop up: state lotteries. Minnesota has already begun selling lottery tickets online, even offering year-long subscriptions for its Powerball and Mega Millions games, USA Today reports. Several other states are considering following suit. A bill... More »

Here's Why You Kept Losing at Online Poker

Stats guru Nate Silver made most of his money playing in the boom years

(Newser) - Nate Silver offers a lengthy primer on the online poker industry and its prospects for survival after the recent crackdown by the feds , with this interesting reveal from the stats whiz: "Between 2004 and 2006, I played a substantial amount of online poker, using it as my primary source... More »

Online Poker Creates Real-Life Teen Champs

Players can participate in thousands of hands a day

(Newser) - The last winner of the World Series of Poker, 22-year-old Joe Cada, had been legally able to play poker in a casino for less than a year. Yet by the time he blew away the competition at the WSOP, Cada had played millions of hands—by his reckoning, 2,000... More »

Congress Moves to Re-Legalize Online Gambling

Move could bring in $42 billion in taxes

(Newser) - Online gambling might soon be legal again, just four years after it was originally banned. The House Financial Services Committee approved a pair of bills to re-legalize and tax Internet casinos yesterday, the New York Times reports. The ban has just driven gamblers to overseas sites, supporters argue, while legalization... More »

Why Gamblers Can't Walk Away

A near miss gives that winning feeling, study finds

(Newser) - Scientists have unlocked a key to obsessive gambling—the lure of the near miss. In search of the reason gamblers keep playing even after strings of horrible losses, Cambridge University researchers examined the brains of gamblers. They found that a near miss—putting a bet on a horse that finished... More »

Logger Earns World Series of Poker Final

Darvin Moon will take on 21-year-old Joe Cada

(Newser) - A logger and a community college dropout have outlasted 6,492 other competitors and will go head-to-head in Monday's final of the World Series of Poker. Joe Cada, 21, flirted with elimination in the round that ended today in Las Vegas but holds 136 million chips and a substantial lead... More »

Time to Fold Online Poker Ban

(Newser) - The government's online poker ban isn't just hypocritical—given that state lotteries are "the nation's most aggressive promoters of gambling"—it's unfairly slandering a sport that requires great skill by labeling it mere gambling, George F. Will writes in the Washington Post. Professional poker player Howard Lederer—known... More »

Minn. Flips on Online Gambling After Industry Suit

(Newser) - Minnesota has dropped a bid to cut off access to online gambling after a legal challenge from an industry group, the Minneapolis Star Tribune reports. The state had petitioned Internet service providers to block the sites. Whether the lobby “ultimately would have prevailed in court is unknown,” a... More »

Minn. Asks ISPs to Block Gambling Sites

(Newser) - Minnesota wants Internet providers who serve customers in the state to block access to Internet gambling sites, the Minneapolis Star Tribune reports. Officials say the practice is illegal in the state, but how prevalent it is is unclear. “It's hard to know that," a gambling regulator said. “... More »

Super Bowl Inspires Super Wacky Wagers

How much do you want to bet Bruce sings Born to Run ?

(Newser) - Propositions, or "prop bets," can add some spice to a Super Bowl blowout even as they leave oddsmakers shaking their heads. "They're a pain in the ass," a Las Vegas bookmaker tells ESPN the Magazine. "But it keeps non-fans interested for the entire game."... More »

Don't Want to Bet on the Super Bowl? Bet on Jennifer

Internet offers wagering on how long it'll take her to sing anthem, and other odd stuff

(Newser) - Want to gamble on the Super Bowl, but know nothing about football? No problem: You can place your bets for how long it will take Jennifer Hudson to sing the national anthem Sunday instead, TMZ reports. Sites like BetUS.com have all sorts of options that have little to do... More »

Lines Keep Moving in Fight Over Online Gambling

Critics liken government stance to Prohibition

(Newser) - Can 20th-century laws designed to stop old-school bookies put the kibosh on the multi-billion online gambling industry? Anti-gambling crusaders say they can, and they’re doing their best to prove it. Federal prosecutors have used the 1961 Wire Act to shut down several huge operations, the Washington Post reports—but... More »

Feds Block Online Gambling

New rule stops banks, credit card companies from processing bets

(Newser) - The Treasury Department and Federal Reserve will effectively outlaw most forms of online gambling with new rules that bar banks and credit card companies from processing transactions related to internet betting. The banking and gaming industry and House Financial Services Chairman Barney Frank oppose the new rules, reports the Wall ... More »

Stories 1 - 20 |  Next >>

AROUND THE WEB