Supreme Court Strikes Down Federal Law Prohibiting Sports Gambling (espn.com)
The Supreme Court has struck down a 1992 federal law that effectively prevented most states from legalizing sports betting, clearing up a legal gray area and opening a door for state governments to join in what has become a lucrative industry. From a report: The court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act (PAPSA), a 1992 law that barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.
States that want to offer legal sports betting may now do so, and New Jersey plans to be first. Delaware, Mississippi, New York, Pennsylvania and West Virginia are among the states expected to quickly get into the legal bookmaking game.
States that want to offer legal sports betting may now do so, and New Jersey plans to be first. Delaware, Mississippi, New York, Pennsylvania and West Virginia are among the states expected to quickly get into the legal bookmaking game.
Good. Another law regulating harmless activities between consenting adults bites the dust...
Why didn't they just do it by way of the stock market? Call it "sports teams point futures", and each game would be a junk bond or something Then bookies would just be agents, and the whole thing could avoid taxes, thanks to our crazy investment tax system.
Payouts could be short-term bond payouts, losses would just be closing the accounts without payment.
The only theoretical problem would be if they accidentally got listed with other stocks/bonds with payoff percentages and the like - but in my experience, most people involved in betting never actually care about the relative wisdom or strategy, beyond finding a magical 'method' that makes them feel awesome. But that's why you have the 'agent', to keep those details away from the 'investors'.
Because if there's anything that will keep politicians honest, it's gambling
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How does this have anything to do with the realm of Geekdom? Hell I'm a pretty big hockey fan but could not care less about gambling.
>"Our most important priority is protecting the integrity of our games," MLB's statement said.
Yeah, I think steroids ended any claim to "integrity" in professional sports a long time ago.
Fuck Manny "Scared of Needles" Pacquiao, farce of the century, with 1990s Roy Jones being the farce of the previous century.
Unless they're taking bets on who he'll marry next.
Care killed the cat, but satisfaction brought it back.
This is good for bitcoin.
The law that was just overturned was written in such a way so that NJ could get exempted along with Nevada (so could any other states that wanted to), they just had to fill out paperwork/legalize it before a deadline. It was obvious Atlantic City would want sports betting, so the federal law assumed NJ would make it legal. But the state legislature really fell down, and hence for 26 years it's been trying to undo that mistake.
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They're already projecting that this will net $6B in taxable revenue for states by 2023.
Harrison's Postulate - "For every action there is an equal and opposite criticism"
The system of American government supposedly has a system of checks-and-balances to make sure that no branch of government oversteps its authority. But if it takes over 25 years for the Supreme Court to rule that a law passed by Congress was unconstitutional, then I suspect that those checks-and-balances are working a little too slowly...
Are there a bunch of convictions that will now be nullified? Along with a bunch of fines and financial penalties and property seizures that will be given back now that gambling is no longer a Federal crime?
If the Federal law is unconstitutional, does that invalidate any of the State laws or convictions that heavily relied on Federal law?
This is a good step in the direction of legalizing climate bets. If those who deny climate change were willing to place money on global temperatures stabilizing or falling, the rest of us could retire early!
Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
Hurrah, people can now be free to inject, er I mean partake in an incredibly addictive, er I mean harmless pastime that enriches organized crime, er I mean helps communities.
You seem to know little about how addiction really works, preferring no doubt to believe that people _choose_ to gamble. I suggest you read the following books.
Irresistible
The Dorito Effect
The Fix
I used to work in the "gaming" industry, to my everlasting shame, and this decision is right up there with saying it's OK to pack meth in kid's school lunches.
I'm more concerned that the swamp managed to pass a law giving Nevada exclusive rights to sports gambling! How doe$ that happen?
I've abandoned my search for truth; now I'm just looking for some useful delusions.
Trump: one of the few entities that that could LOSE money on gambling! (Did he lose money on the money laundering his casinos were doing as well?)
I've abandoned my search for truth; now I'm just looking for some useful delusions.
it didn't ban sports gambling, it make it illegal for the States to lift their existing bans. That way Nevada (who lobbied for the law) could keep right on gambling.
I'd love to see gambling fully legalized. The Casino operators are crazy rich and use their money to buy all kinds of influence. It'd be nice to see some of that power broke up even a little bit.
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indian casinos will push hard even if the state they are in says no.
My hobby. Betting on the outcome of Supreme Court cases.
Wasn't it Biff Tannen who was supposed to get these laws overturned? Several years ago?
With wide spread betting, I'm guessing it will be easier for small-time point shaving rackets to operate...
It'll even be less important who will win, but the line will be closely watched. I'm sure you'll see more than more coach or ref taken for task for actions during garbage time.
As if it couldn't get any worse, right now you need to go off shore to bet on High School sports (was offered at 5dimes for a while)... I'm guessing it won't take long for that to change...
Deep machine learning? Pffffff! We've been doing that, we call it probability. It's how the pros and bookies have been betting on sports forever.
You poor SOB's with TDS really need to get some professonal help. You are so fixated with your hatred of the man that you have to work him in as a negative issue on every little thing. Trump had absolutely nothing to do with this but yet you feel the need to bring him up and find some reason to bash him with it. This is not healthy, please seek medical help as soon as possible.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
I wonder because you post tons of comments to every single story without a break.
Are you sure he hasn't tweeted a claim of responsibility yet? A bit like ISIS claims every attack was from one of their supporters, just to keep their name in the headlines.
"Action without philosophy is a lethal weapon; philosophy without action is worthless."
I think the real question here is whether this decision allows states to legalize on-line sports betting. My understanding is that presently, the only legal sports books are in Nevada and you have to physically be there to bet. Presumably that's just how the casinos wanted it and in Nevada, they pretty much get what they want. But if this makes all the off-shore (and currently illegal) places legal, that's something bigger than just allowing a few more casinos to have sports books.
I don't follow his tweets and I don't see why any else would. I actually have better things to do with my time. But I did a search and there are none on the issue. The only thing that came up is where the Supreme court asked the Trump administration to weigh in on the issue. Which is common practice.
I read at +2. If your post doesn't reach that level I will not see or respond to it.
Lol @ trump supporters trying to troll as liberals
See Comment Subject.
I've abandoned my search for truth; now I'm just looking for some useful delusions.
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is this:
:) ).
Gambling is a tax on people who are bad at math.
The proper quote is not wrong. It's just that there's a disproportionate amount of poor people who are bad at math since, well, math is a valuable skill and if you're good at it you're probably not poor (though I wouldn't bet on it
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It looks like the issue is actually States' Rights, and not that a Federal Law regulating (or maybe even banning) gambling is necessarily unconstitutional. Last sentence of the majority opinion, partially quoted in TFA:
The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own. Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. PASPA is not. PASPA "regulate[s] state governments' regulation" of their citizens, New York, 505 U. S., at 166. The Constitution gives Congress no such power.
Makes sense to me. Also, I'm always interested in the breakdown whenever one or more of the justices "defect" (liberal justice going with a conservative majority opinion or vice versa). For anyone who's curious: Ginsburg and Sotomayor dissented, Breyer concurred in part and dissented in part (counts as dissent), and Thomas concurred but wrote a separate opinion. Kagan was the "defection".
Only crack the nuts that crack. You don't put the ones that don't crack in the sack.
...try Prohibition again? Every place I've worked at has had a pool on one sport or another whether it be legal or not.
Time is what keeps everything from happening all at once.
How many coaches will be fired because they win games but don't beat the point spread, costing big alums big dollars?
Gambling is a one-way function on funds, allowing them to be laundered. Now we can expect more efficient bribes - no more going to Nevada or other jurisdictions, you can bribe your official in any state.
I like how we are promoting local business (as long as it's in the family).
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This is about the major for-profit sports industry (NFL, NHL, NBA, MLB, NCAA) getting pissed because someone else is making a profit off their sports they can't get a piece of. Every sports book will be "using" their IP (team names, player names) to make money and they won't get a dime of it.
The leagues also worry about it harming the "integrity" of their sport. They need the public convinced that the outcomes are purely driven by competition and that there's no manipulation driving outcomes. I think this is *mostly* true now, but all these leagues are constantly manipulating rules and given the amount of money involved in media deals, etc, it's hard to know at what point "fine tuning" of the sport isn't driven by some kind of for-profit agenda on someone's part.
It will really threaten the NCAA, which doesn't pay its players. The pro leagues can at least pay their players enough money that the stakes are high enough to dissuade most of them from compromising outcomes. The NCAA has to be terrified that its free labor force won't give in to the temptation to throw games and make a buck on the side.
I don't care for gambling at all, but the best part of this deal is that it chips away at the special status the sports leagues that not only want to be exempted from most of the laws of capitalism, they want the public to underwrite their leagues at the same time.
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Sports and gambling are both pastimes for idiots, I'm happy they finally get to be together legally