Daily Archives: May 13, 2024

TheInsanity Bets ($IBET) presale is hot.

A $1 million jackpot further fuels the FOMO around the presale. $IBET resale participants will compete to win the entire $1 million Insanity Jackpot. The most sensational crypto giveaway of 2024 is here.

Yes. People stake more in meme coins. The presale is affordable and accessible to investors of all levels.

But joining the $IBET presale doesnt just offer the chance to win the $1M jackpot it presents a compelling investment opportunity. Buying $IBET tokens early, investors are signing up for large potential returns.

This is a presale not to be overlooked.

Insanity Bets is an emerging GambleFi project that is set to become a leader toward the end of the year, reveals the analysis of its white paper and website. The visionary project has the capacity to elevate the online gambling sector. Transparency and decentralization are its core values.

Furthermore, the platforms staking mechanism introduces a novel passive income model that appeals to non-gamblers. Even for people who dont understand gambling, the large growth potential of the industry is compelling.

Gambling is risky. But what about gambling investments?

A gambling house is designed to win. For example, Insanity Bets implements a provably fair house edge ranging from 1% to 5%. The target helps it minimize the risk of losses for both investors and stakers. It has also set a cap on bet sizes to ensure stability.

To safeguard the $IBET tokenomics, a carefully crafted passive income mechanism will be launched:

Investors can stake $USDT, $ETH, $WBTC, and $IBET to mint $ILP tokens onInsanity Bets.

$ILP is integral to the platforms scalability. They fuel the house fund and enable larger bets. $ILP token creators get 90% of the houses profits (and losses) from games.

The gambling industry is highly fertile.

The shift to digital platforms, in particular, makes these games more accessible and cost-effective. But persistent security concerns have tarnished the reputation of online gambling. Credibility issues and fraud incidents affect its popularity.

GambleFi emerges as a solution.

It brings in an era of transparency and decentralization through the intelligent use of blockchain technology. It enhances security and transparency through visible and verifiable smart contracts. At the same time, it reduces the risk of manipulation and fraud.

Decentralization is another interesting aspect. It turns investors into the house and platforms like Insanity Bets, an emerging leader in the GambleFi movement, offer a favorable risk-reward ratio.

They allow users to enter the industry with limited financial exposure while capitalizing on its fertility over the next few years.

The growing interest in GambleFi is evident from platforms like Rollbit. RLB coins saw an astounding 5000% surge in 2023 alone.

So the rapid progress of the $IBET presale is understandable. To begin with, the vibrant dashboard features diverse offerings such as captivating casinos, sportsbooks, prediction markets, and lotteries. Key games on the platform include Coin Flip, Dice, Rock Paper Scissors, Roulette, Keno, Hi Lo, Crash, Blackjack (towards the end), Poker (towards the end), and Slots 55.

Insanity Bets stands could reach unicorn status in 2024, as a result, reflecting the industrys evolving landscape.

Users can participate in the $1M Insanity Giveaway by joining the $IBET presale. The swift progress of the presale indicates FOMO-fuelled exchange launches in the coming weeks.

The presale comes in multiple stages, with higher discounts and staking rewards for early participants. Through entry into the presale, investors can secure the token at low entry points and maximize their potential returns.

The tokenomics of $IBET is structured for long-term stability. It includes an 80-week vesting schedule for team allocations, which further speaks for the credibility of the project.

For the latest information about the presale and the $1 million presale giveaway, join the newly launched Insanity Bets community onTwitter andTelegram.

BUY $IBET TOKENS

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GambleFi Sensation Insanity Bets Announces $1M Presale Jackpot Here's How You Can Join - ReadWrite

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West Virginia Online Gambling Industry's Record Breaking $20.68M Revenue in March 2024 - WV News

Around 50 sites were hijacked to display ads for online gambling.

India.- The tech news site TechCrunch has reported that nearly 50 government websites including sites belonging to the state governments of Bihar, Goa, Karnataka, Kerala, Mizoram, and Telangana had been hacked to display ads for online gambling. Sites affected included those belonging to state police and property tax departments.

TechCrunch alerted Indias Computer Emergency Response Team (CERT-In). Its unclear how the ads were placed on government pages, how long they were there or whether the issue has been fixed. This isnt the first such report. In February,it was reported that over 300 Indian government websites had been hackedto display ads promoting online gaming and cricket betting.

See also:India: 8 arrested for alleged cricket betting

Meanwhile, theMinistryofInformationandBroadcastinghaswarned social media influencers andonlineadvertisersagainst promoting offshore online gambling and betting platforms. It has warned online advertising intermediaries not to target Indian audiences with gambling-related promotional content and called on social media intermediaries to discourage users from publishing such content.

Non-compliance with the advisory may result in actions under the Consumer ProtectionAct,2019, including removal of social media posts or accounts and fines.

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Indian government websites hacked to promote online gambling - Indian government websites hacked to promote ... - Focus Gaming News Asia Pacific

Panelists agreed the industry needs to do a better job of educating state lawmakers about internet casino games, drawing explicit comparisons with the illegal, unregulated offshore web sites that attract customers from across the country. Legal sites are strictly regulated and offer customer protections, including responsible gambling options like self-imposed time-outs and deposit and activity limits, they said.

Cesar Fernandez, a senior director with FanDuel, said online casino games should prove increasingly attractive as federal post-pandemic aid dries up and states look for new revenue without raising taxes on their residents.

"Since 2018, FanDuel has paid $3.2 billion in taxes," he said. "That's a lot of teacher salaries, a lot of police officers and firefighters."

The industry cites several challenges to wider approval of internet casino gambling, including fears of increasing gambling addiction by "putting a slot machine in people's pocket," Iden said, adding casino companies need to do a better job of publicizing player protections the online companies offer.

Then there is the ongoing debate in the industry over whether internet gambling cannibalizes physical casinos. Many in the industry have long said the two types of gambling complement each other.

But recently, some casino executives have said they believe online gambling is hurting the revenues of brick-and-mortar casinos.

Adam Glass, an executive with Rush Street Interactive, an online gambling company, said his firm has relationships with physical casinos as well, and works hard to be "additive" to them.

He said online gambling can also be a job creator, not only designing and operating the games themselves, but also in ancillary industries like marketing and media.

The conference was scheduled to further debate whether internet gambling cannibalizes physical casinos later in the day on Wednesday.

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Slow to expand, internet casino gambling is the future of US betting, execs say - The Post and Courier

Did you know that CRUKS omzeilen or in English bypassing CRUKS is quite easy, and even the online casino registration process is much faster and more efficient?

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Check out the list below of online casinos for CRUKS omzeilen to have a great time without limits and to take advantage of the best casino bonuses.

CRUKS is a registration system (Central Register of Exclusion of Gambling) set up by the Dutch government, and online casinos with a license in the Netherlands are required to join. It's a self-exclusion system that allows players to exclude themselves from online gambling and visiting physical casinos in the Netherlands.

A licensed gambling provider in the Netherlands must perform a check with CRUKS when opening an account or logging in. Players who have excluded themselves are in the system of CRUKS, and the online casino is not allowed to admit these players. Players who are in CRUKS or for another reason want to bypass CRUKS have the option to play at casinos without a Dutch license.

CRUKS is intended for people who no longer have control over their gambling behavior concerning participating in (online) gambling games.

CRUKS offers players the option to take a gambling stop for all gambling providers that have a Dutch license. It is still possible to bypass CRUKS by playing at a foreign online casino that does not have a license in the Netherlands.

Bypassing CRUKS is very simple. The self-exclusion registry is only applicable to gambling websites that have received a license from the Dutch Gaming Authority. All you need to do to bypass CRUKS is to check the overview of foreign online casinos that are not connected to this self-exclusion system in the Netherlands.

There, you can open an account without the online casino checking if you are registered with CRUKS. Another way to bypass CRUKS is to use your second passport if you have dual nationality.

There are multiple reasons why individuals might choose casino without CRUKS. For example, some may not want to be bound by various player limits or wish to gamble with high stakes. Others might reside abroad or want to use cryptocurrencies for their transactions. Avoiding CRUKS offers significantly more opportunities for players who prefer gambling with more freedom and options.

Bypassing CRUKS as a player generally offers more advantages than disadvantages. The casino bonuses are higher, the selection of games is broader, and there are more payment methods available. Moreover, gambling at casinos without CRUKS merely means playing at an online casino with a foreign license instead of a Dutch license.

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Disadvantages of avoiding CRUKS:

If you're planning to bypass CRUKS, it's crucial to know how to do so safely. We've outlined several key points to consider. Playing safely and bypassing CRUKS is always possible at internationally regulated online casinos listed in OnlineCasinosSpelen overview.

Avoiding CRUKS is very straightforward and even offers many more opportunities to play safely and reliably at an online casino from the Netherlands abroad. Consider depositing with bitcoin or enjoying a much larger selection of games and massive casino bonuses.

All that is essential for bypassing CRUKS is playing at a foreign online casino with a license. You don't need to figure everything out yourself, just choose from our top 5 casinos to bypass CRUKS. Avoid CRUKS and easily open an account to claim the highest welcome bonus and experience the ultimate online casino gaming.

This article was written in cooperation with OnlineCasinosSpelen.com

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Is CRUKS omzeilen possible? - The Jerusalem Post

Brazil has solidified its tax framework concerning player prizes and winnings within its burgeoning betting market. The Federal Revenue Service (RFB) of Brazil has officially outlined its stance on personal income tax (IRPF) applicable to net prizes acquired through betting, lotteries, and online gambling.

In line with expectations, the RFB has endorsed the governments decision to implement a 15% personal income tax on prizes and winnings exceeding BRL 2824 (approximately 530). Notably, the 15% tax levy will not be imposed on net winnings or prizes below BRL 2824, a threshold deemed as equivalent to two average monthly wages for Brazilian consumers.

For the Bets market, net prizes will be computed as the disparity between the prize amount won and the total sum wagered by the customer. Operators will apply the 15% tax charge at source upon crediting customer winnings, mirroring the practices observed in state lotteries. The framework, authorized by RFB General Secretary Robinson Sakiyama Barreirinhas, will necessitate amendments to Brazils federal tax legislation concerning the Income Tax on Individuals (IRPF) and the Declaration of Income Tax Withheld at Source (DIRF).

A Contentious Issue

The imposition of taxes on player prizes has been a contentious issue in the lead-up to the sports betting market launch. This measure was introduced following President Lula da Silvas endorsement of Bill No. 3,626/2023, which provided the legislative framework for Brazils entry into the federal sports betting and online gambling arena. As a federal law, the tax provisions of Bill No. 3,626/2023 required RFB review for integration into the broader tax regime.

The National Association of Games and Lotteries (ANJL) urged the government to alleviate the tax burden on players before the Bets launch. ANJL advocated for congressional intervention, citing previous revisions to gambling tax rates applied to businesses, reduced from 18% to 12%, as essential for safeguarding market competition and integrity among licensed operators.

According to SBCNews, ANJL previously cautioned the PT government that international experiences show that taxing users encourages clandestine gambling. That is why they called to adjust the details to ensure the sustainable development of this promising sector. The Brazilian Institute of Responsible Gaming (IBJR) also criticized the governments decision and described the adopted tax model as not only legally questionable but also harmful to the consumer and the incipient regulated Brazilian betting market.

Presently, the PT government plans to launch the sports betting market with a 12% tax rate on gambling income and a BRL 30m (approximately 5.5m) fee for federal licenses valid over a five-year term. The remaining procedural tasks for the sports betting market launch fall under the purview of the Secretariat of Betting and Prizes (SPA), which is responsible for finalizing technical ordinances pertaining to payments, IT security, crime prevention, and responsible gambling protocols. Among the regulations issued by the SPA, the ban on credit card payments and the requirement for Banco Central do Brazil (BACEN) authorization for all customer deposits and withdrawals stand out.

Recent developments include the issuance of an SPA ordinance on IT security and the implementation of stringent rules on data management. Operators must ensure that IT-related data is stored within Brazil and accessible to the Ministry of the Economy and Finance. The SPA aims to release remaining ordinances on crime prevention and responsible gambling by the end of July, aligning with the PT governments commitment to launching the Bets market in 2024.

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Brazil Introduces 15% Tax on Player Prizes in Betting and Online Gambling - World Casino Directory

Cannibalization became the buzzword for 2024 online casino debate in battleground states Maryland and New York.

Opponents of iGaming cited, and often sponsored, studies showing that online gaming decreases revenues at brick-and-mortar casino properties. Proponents brought forth studies taking the same data and concluding that no cannibalization occurs.

The cannibalization argument has divided the gambling industry, making efforts to convince legislators to legalize online casinos more difficult.

As a result, no states will legalize online casino this year. The cannibalization debate figures to continue to affect legalization efforts in 2025 and beyond.

However, despite the spirited debate in 2024, perhaps the question of casino cannibalization will mean very little to iGaming prospects in the long run. Even if cannibalization exists, its not likely to stop future industry evolution, consumer demand and state revenue desires involving online gaming.

Brick-and-mortar casino operators at the East Coast Gaming Congress in the pioneer city of US online casino gaming, Atlantic City, New Jersey, talked about why they are excited about the future of iGaming regardless of cannibalization.

I understand the argument about cannibalization, Mohegan Gaming CEO Ray Pineault said. As an operator, its something we have to be cognizant of. But are we better off, if there is cannibalization, gaining that for our own digital media rather than let operators who dont have bricks and mortar to come in and take that guest away. As bricks and mortar operators, we have the database. We need to take advantage of that. We are the first movers in these markets that are adding digital gaming, and we have to be ahead of it.

Executives for one brick-and-mortar casino operator at last months conference, The Cordish Cos., cited cannibalization as a reason it opposed online casino expansion.

Cordish is a company that focuses on developing entertainment districts sometimes built around casinos. Leadership doesnt view online gaming as complementary to its business model.

Other brick-and-mortar casino operators see iGaming as an acquisition tool to keep their properties relevant. And regulators in legal online casino states insist that cannibalization is being overblown.

Its hard to argue that iGaming in the aggregate hasnt been complementary to gaming in the aggregate, Ballys Corp. Chairman Soo Kim said. Any individual operator given their set of assets might resist that decision, but then theyre just talking their own book, right?

On one end of the cannibalization argument tends to be online gaming operators, larger casino operators such as Ballys that have invested heavily into iGaming, online casino suppliers and affiliates. On the other end are companies such as Cordish and Churchill Downs that have determined they cant compete with the top operators in the online space, regional casino companies who cant make the same investments into iCasino, and casino workers along with their unions.

Kim said he understands not wanting to expose a casinos customers to the online gaming space, where FanDuel Casino and DraftKings Casino claim 70% of the revenue in states with open markets. But he said he believes having a physical presence in a state does have its advantages, even in the online world.

You dont want to take your best customers and open them up to a place where you at best might get 5% back. If youre a physical operator and you complement your product, I think you can survive even with the large online players. They will win on scale for that online player. But if youre a physical operator, you have a natural database. Only 30% of our customers in our database only go to the casino. So we want to be able to address the other 70, and we might as well offer them a product.

Caesars Entertainment CEO Tom Reeg said iGaming is attractive to his company. But he understands why regional casinos in many states think differently.

As it expands within the country, the regional properties outside of for us Las Vegas, Reno, Tahoe, New Orleans, Atlantic City, the places that are convenience based, I think there is going to be a risk of cannibalization. If I go to a property three-to-four times a month in Columbus, Ohio, and now I can play my same slot machine at home, I think theres going to be cannibalization.

Whether or not an individual casino company supports internet gaming, people in the state will find a way to gamble online. They can go to unregulated offshore sites, or casinos can try to meet the evolving needs of their customers.

And, while online casino legalization has hit a lull, efforts wont stop until regulated iGaming is in as many states as sports betting.

Whether there is or is not cannibalization happening, digital gaming is happening, whether you like it or not, Pineault said. Your competitors, whether they be the FanDuels, the DraftKings, the Fanatics of the world or the other casinos down the street, theyre seeking legislation to expand gaming in the digital space. So I think what we have to do is be prepared for it.

Regular physical casino goers are an aging population. Through cross-marketing and promotions, casinos can attract younger adults to their properties.

Hard Rock International CEO Jim Allen is thinking down the road about how people will want to gamble in the future, and hes not sure its sitting at a slot machine.

If we think about if the people in this room are the customer of gaming in the future, the answer is definitely not. Its that 10-year-old or 12-year-old that can navigate around a smart phone a million times faster than probably anyone in this room. So what is going to be their form of entertainment 10-15 years from now? I think thats the part where you have to think about tech.

Reeg said optimism for the future of the industry centers around iGaming.

In iGaming as an industry as a whole, the growth is extraordinary. Youre growing 20-30-40% per year. Brick and mortar is flat. Its important to Caesars that we are part of what happens in digital, which is why weve made this investment.

Its obvious that online commerce has impacted physical properties in the past decades.

That makes online gaming an easy target for casino worker unions and casinos that hope to maintain the status quo.

But it also shows that progress cant be stopped. Companies that opposed online innovation in their space couldnt stop it from happening. They just disappeared, along with the jobs they provided.

So casinos are working to figure out how to use iCasino to remain prominent in their communities.

Pineault said that when its players arent at their casinos, they want them to remain part of the Mohegan brand.

Theres a difference between bricks and mortar and iGaming. For digital gaming, you do all your advertising on social media. Thats where their customers get their info, their offers. Thats what theyre following. This is an opportunity for us as bricks-and-mortar operators, as multipurpose operators, to use an omnichannel approach, to bring some of our bricks-and-mortar guests into the digital age and take some of those digital people who have never been to Connecticut to come to our property.

Pineault added that Mohegans most profitable online promotion was a giveaway to a Bruce Springsteen concert on the property.

Reeg said the Caesars Palace online app, launched in September, has outperformed projections.

From our standpoint, the iGaming business is particularly attractive. We have tens of millions of people in our Caesars reward database, and its really the most well-developed system in terms of generating cross-market play. Tapping into that digitally is the key, and in iCasino its a particularly distinct advantage for us.

States are accustomed to a certain amount of gambling revenue each year. Often, this revenue is earmarked for important areas such as education.

When they see decreasing casino revenues while other states expand their overall gambling take, state legislators wont care about possible cannibalization. Brick-and-mortar casino revenue could go down, but state revenue will still be going up by legalizing iGaming.

And when states have budgetary needs, which is coming as soon as the next recession, online casino will be a way to fill those holes without increasing taxes.

Kim pointed to what already is going on in the strongest iCasino markets:

If you look at New Jersey, Pennsylvania and Michigan, which are the three largest fully penetrated casino states that also have full iGaming and sports, overall GGR in online gaming, sports and casinos, in the aggregate now are larger than casino gaming if you take those three states combined. That all happened in three years. You had GGR being flat for casino gaming, and then you had online gaming at 1x itself. I think its a great win for the states and the citizens, because they get the benefits of now collecting two forms of taxation.

Pineault knows that state legislator narratives will shift at some point.

I think, at the end of the day, when it comes to digital gaming, its happening and its going to continue to happen whether through our own volition, through our competitors demands or through state legislature tax demands.

Reeg said that online casino isnt going to grow from a grassroots effort like with sports betting. But, eventually, states will want it. Hes seen it many times before with evolutions in gaming.

What happens invariably as you look back for 30 years is the states run into budget issues and gaming becomes a popular way to fill budget gaps. I dont expect to see much in the next couple of years in terms of legalization but, as you get into 26 and [pandemic relief] money is gone and states are back on their own from a budget perspective, I think youre going to see momentum in iCasino.

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Casino Execs On Why Online Casino Cannibalization Isn't Concern - PlayUSA

The digital era has ushered in a new epoch for the gambling sector, making the exhilarating environment of casinos more accessible than ever. This transformative process has digitized traditional gambling, bringing the essence ofjackpot cityto the personal comfort of your own space. Amidst this shift, online casinos have emerged as pivotal, blending the age-old allure of gambling with modern technological advancements.

Online casinos offer unparalleled convenience and a diverse range of games, changing the way individuals engage with gambling. The need for physical presence in casinos is eliminated, allowing players to dive into the gambling experience from anywhere, at any time. This opens up gambling to those who would not have considered it before, providing entertainment that fits into various lifestyles. Whether its a peaceful night in or a brief moment of leisure during the day, the excitement of the casino is just a few clicks away.

The accessibility of online casinos has also democratized the gambling experience, allowing individuals from various economic backgrounds to participate. With lower minimum bets and the option to play free games, online platforms have opened the doors to casual players who may have previously been intimidated by the high stakes of traditional casinos. This inclusive approach has contributed to the rapid growth and popularity of online gambling.

The array of games available online is staggering, much like an endless library filled with every conceivable casino game. From traditional slot machines to the strategic depths of blackjack and roulette, there is something to cater to every taste. Additionally, live dealer games bring the casino to life on your screen, offering an interactive experience that closely mirrors the physical casino vibe. Platforms like Jackpot City showcase these options, enabling players to enjoy real-time engagement with dealers and fellow gamblers.

The virtual nature of online casinos has also paved the way for innovative game variations and themes. From pop culture-inspired slot machines to immersive virtual reality table games, the creativity in online game design knows no bounds. This constant evolution keeps players engaged and excited, ensuring that there is always something new and enticing to explore in the world of online gambling.

The selection of an online casino goes beyond just the appeal of games and bonuses. Key factors include legitimacy, community reputation, security, customer support and the fairness of gameplay. Look for platforms that are not only licensed but also hold a positive standing within the gambling community. Respectable sites like Jackpot City provide a secure environment for exploring a wide array of games, ensuring a worry-free gaming experience.

Reading reviews and engaging with the gambling community can provide valuable insights into the user experience and reliability of different online casinos. Reputable platforms often have active communities where players share their experiences, offer tips and alert others to any potential issues. Engaging with these communities can help you make an informed decision when selecting an online casino that aligns with your preferences and priorities.

Online casinos stand out through their generous offer of bonuses and promotions, extending far beyond what traditional casinos can provide. However, embracing these benefits comes with the responsibility of setting personal boundaries. Its pivotal to enjoy these perks with caution,maintaining a balancethat keeps the gambling experience enjoyable and within realistic limits.

The integration of technology into gambling has not just broadened the scope of this activity but also enhanced its security, making it consistently more engaging and diverse. The prominence of online casinos, exemplified by platforms such as Jackpot City, indicates a broader shift toward a more inclusive and flexible form of entertainment. As technology continues to evolve and platforms heighten their focus on player safety, the horizon for online gambling shines promisingly, welcoming individuals to experience the thrill and opportunity inherent in this digitalized form of entertainment.

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Exploring the Digital Transformation of Casinos - COGconnected