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“Litigation may eventually clarify the law, but this is ultimately a question of congressional intent. Congress should not wait while this nationwide expansion of gambling continues,” the letter said. “It should use crypto legislation to reaffirm a simple principle: sports betting falls outside the CFTC’s remit and cannot be offered through prediction market platforms.”
Following the vote, IGA Chairman David Bean said in a statement that the Senate “did the right thing” by not advancing the bill. The Clarity Act “could have expanded CFTC commodities authority” without clear protections, Bean said, but he cautioned that “it is not the end of this fight”.
The AGA declined to comment Thursday, and directed iGB to the June letter.
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It has addressed ongoing questions faced by operators regarding when it is reasonable to close accounts, withhold or return player balances, cancel bets, or redistribute tournament prizes deemed fraudulently obtained.
Notably, it has also provided insight into the evidentiary standards French courts expect operators to meet before taking corrective actions that could be subject to legal challenge.
The regulator identified six key categories of fraud frequently encountered in online gambling. These included identity fraud, payment fraud and abusive chargebacks. It also covered in-game cheating, money-dumping and sporting event manipulation
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As such, there should be plenty of licence for both sides to attack each other and we can see there being some great entertainment on offer at Elland Road.
We like Manchester City loanee Jack Harrison to get in amongst the goals in a win for The Whites and that’s at a very tasty price given Jack Grealish is likely to be out for six weeks and the Villains are also missing Matty Cash, who would have been man-marking Harrison if fit. In fact, this is our bet of the week.
Our tip: Jack Harrison to score and Leeds to win (4/1)