DraftKings and FanDuel Attend Informational Hearing in California

DraftKings and FanDuel Attend Informational Hearing in California

Martha Coakley once served as attorney general for Massachusetts, but now the former lawmaker is working to encourage politicians into taking reasonable actions regarding DraftKings and FanDuel.

DraftKings and FanDuel attended an Informational Hearing held by the Assembly Committee on Governmental Organization on Wednesday to call on lawmakers to pass meaningful and ‘common-sense’ legislation for the daily fantasy recreations (DFS) market.

Fresh off exactly what is a likely defeat in New York, the 2 leading DFS operators pleaded with Sacramento lawmakers to study and learn about how their services work before rushing to any judgment that is legal.

Former Massachusetts Attorney General Martha Coakley, who now works for DraftKings, told those in attendance, ‘we are not saying don’t do just about anything. We are simply saying take it in a reasonable, careful method.’

Nevada, New York Fold on DFS

The California legislature is officially adjourned until the New Year, but that didn’t stop the DFS powerhouses from showing face at the casual hearing this week.

That’s rather understandable California that is considering is many populated of the 50 states and home to nearly 40 million people.

For daily fantasy to carry on its quick growth, operators cannot manage to lose jurisdiction that is legal additional states, specially one the size of California.

As is often the situation when it comes to gambling concerns, Nevada led the way in determining that daily fantasy recreations constitutes gambling and is therefore illegal under state legislation.

‘This is both gambling and sports pool wagering,’ Nevada Attorney General Adam Laxalt stated in October. ‘ I do not think anybody wants to shut out a brand new and lucrative business. Nevertheless the real way Nevada law is currently written, they didn’t fit.’

New York Attorney General Eric Schneiderman didn’t waste enough time following Laxalt’s lead. Lower than 30 days later, Schneiderman said, ‘When a massive, illegal gambling operation exploded in New York … it had not been a good question that my responsibility was to just take action.’

Schneiderman has bought DFS businesses to cease operations in ny. An appeals judge has provided an emergency stay to DraftKings and FanDuel until January 4, but Schneiderman is largely expected to have the final say.

Not Ny Mind-set

Laxalt and Schneiderman are both under the impression that DFS are games of possibility instead of skill, but DraftKings and FanDuel argued against that reasoning on Wednesday.

RotoWire President and Chairman of this Fantasy Sports Trade Association Peter Schoenke testified that winning a contest requires ‘judgment-making abilities just like a coach or general manager.’ He additionally added that like recreations in basic, DFS success calls for practice.

DraftKings attorney Griffin Finan furthered, ‘These are games of skill, skill that rewards knowledge of sports.’

Assemblyman Adam Gray (D-District 21), a lead advocate for Internet gaming in California and the legislator who called the DFS hearing, seemed supportive of moving regulations to oversee fantasy that is daily in the place of putting the verdict to the hands regarding the state’s Attorney General Kamala Harris.

Gray said that he’s looking to ‘move forward with efficient and well thought legislation that will protect consumers whom use daily fantasy sports websites in California.’

‘Daily Fantasy Sports betting is happening in California… This can be an industry that is unregulated whoever revenue is in the huge amounts of dollars,’ Gray concluded.

Dan Bilzerian Throws Support Behind Donald Trump in 2016 Presidential Race

Dan Bilzerian is shooting for Donald Trump to be the next president of this United States, and Trump appears to be just fine with that. (Image: washingtontimes.com/File)

Dan Bilzerian, the self-described ‘King of Instagram,’ might be a social media titan, but just like the rest of the population that is general he’s also evaluating potential candidates to decide who will receive his vote to end up being the next president of the United States.

That might come as a surprise for some of Bilzerian’s die-hard fans, whom mistakenly believed that the jet-setting high-stakes that are former player had been actually running himself to displace President Barack Obama in the Oval Office.

Tuesday evening, the nine main candidates for the Republican admission descended on Bilzerian’s hometown of Las Vegas for the fifth and final GOP debate of the year, with no one impressed him a lot more than Donald Trump.

On Wednesday, Bilzerian posted a picture sitting with Trump to his millions of social media supporters utilizing the caption, ‘In an age of ********* political correctness, you’ve got to respect individuals who remain unfiltered @realDonaldTrump.’ (We have omitted one term through the tweet in our effort to stay politically correct).

Bad Boys Finish First

Donald Trump’s campaign has been certainly not typical, and precisely what is extraordinary. He’s said things and taken positions that go against common governmental sense, yet largely remained unscathed in the polls.

Not to mention that few politicians would try to pose for a photo op with Dan Bilzerian.

In August of 2014, Bilzerian kicked a model in the face after he reported the woman attacked his companion that is female in Miami nightclub. Then December that is last threw a porn star off a roof for ‘Hustler’ mag.

She was supposed to secure in a pool but dropped short and broke her foot.

That same thirty days, Bad Boy Dan had been arrested on a fugitive warrant for possessing ‘explosive or incendiary devices with the intent to manufacture.’

Trump isn’t the only GOP candidate that is willing to simply take Bilzerian’s call, however. Senator Rand Paul (Kentucky) played a game title of Liar’s Poker with him in April.

Bilzerian had initially thrown his support behind Paul for 2016, which would make sense, considering he told the Washington circumstances this week which he’s ‘more of a constitutionalist libertarian.’ However, Bilzerian seems to be changing to Trump’s side with his latest comments.

Trumping the Competition

Trump and Bilzerian seem to be considered a match that is perfect. Both are filthy rich, albeit one is worth $10 billion to your other’s estimated $100 million, both don’t actually care everything you think, and both are typical about being great.

Love them or hate them, it’s hard to argue that the duo doesn’t execute a complete lot of ‘winning.’

‘He’s pro-gun, speaks his mind,’ Bilzerian said. ‘He’s not politically correct.’

Nearly all Bilzerian’s posts often have to do with bikini-clad women, globetrotting, and guns, but recently he’s started sharing their opinions that are political frequently.

‘Americans scared of terrorists need to stop being *******, join the military if you prefer, however you’re 9X more likely to die of a insect bite’

‘800 women die daily during pregnancy & child birth, is that any less tragic,its [sic] sad that people let news protection dictate who they pray for.’

‘It’s obviously terrible what is going on in France, I just have always been so tired of the media everyone that is controlling viewpoint.’

With that, we’ll allow you determine your own opinion on Dan Bilzerian.

Brazil Fast Tracks Bill to Legalize Online Gambling

Brazilian Senator Senator Ciro Nogueira whose gambling bill are about to understand light of day. (Image: noticias.uol.com.br)

Brazil’s proposed gambling reforms are being fast-tracked through the legislature, as the country seeks to reap the economic benefits of a gaming regime that is liberalized.

Bill 186/2014 would legalize casino gambling for the first time since 1946, along with create a regulatory framework for online gambling.

The legislation was ratified by the Senate Commission for Regional developing and Tourism week that is just last has now been accelerated to the House of Representatives for approval, side-stepping a legislative procedure that would generally took months.

Your house approved a similar bill in July, but it had been vetoed by President Dilma Rouseff on the advice regarding the Ministry of Finance, which claimed it don’t have time to regulate gambling.

The previous proposal would have required ‘a more comprehensive legislation, to ensure greater legal and economic security to the sport, adequate levels of fraud control and tax evasion.’ explained Rouseff at the time.

She did, however, approve measures to impose stiff fines on citizens caught gambling in a place that is public whether live or online.

Downturn In The Economy

Gambling reform has been debated for a few years in Brazil, but it is been a process that is slow this unexpected attack of urgency.

But this season the country witnessed its worst growth that is economic in 25 years, causing Moody’s Investment Services to downgrade its investment grade of Brazil to ‘Junk reputation.’

Inactivity on the problem is becoming an embarrassment to the government and Rouseff herself is known to have privately warmed towards the concept of regulation, while politicians publicly admit that current legislation are chaotic and away from step with modern technology.

Bill 186 has been incorporated into a legislative package known as ‘Brazil Agenda,’ a number of measures designed to avert crisis that is economic. The writer is Senator Ciro Nogueira who may have proposed the authorization of up to 35 casino in the nation.

Nogueira believes that the regulation shall create more than BRL15bn ($3.7 billion) in revenue for the us government.

Huge Market

The only real legal types of gambling in Brazil are horseracing, lottery and land-based poker tournaments, although offshore gambling web sites until recently benefited from regulations that made online gambling transactions subject towards the law in which the operator had been licensed.

The right to block sites that broke the rules that all changed in April 2014 with the passage of the Internet Bill of Rights, which made operators subject to Brazilian law and gave the government.

However, it is estimated there are around 8 million Brazilians regularly gambling on the offshore market.

With a population of 200 million and an approximated 70 million smartphone users at the end of 2014, the opening up of the Brazilian market, if it happens, is going to be seen as a huge opportunity for overseas on line gambling companies that work with regulated markets.