Category Archives: Gambling

The worlds fifth-largest economy could potentially be growing much bigger next year, as today the State of California certified that a measure will appear on the midterm ballot to legalize sports betting statewide in November of 2022.

The measure is supported by a coalition of sports betting companies, including DraftKings, FanDuel, and BetMGM. DKNation is a partnership of DraftKings, Inc. and Vox Media.

The summary of the petition as it will appear on the ballot is as follows:

Legalizes online and mobile sports wagering, which currently is prohibited, for persons 21 years and older. Such wagering may be offered only by federally recognized Indian tribes and eligible businesses that contract with them. Individuals placing bets must be in California and not located on Indian lands. Imposes 10% tax on sports-wagering revenues and licensing fees. Directs tax and licensing revenues first to regulatory costs, then remainder to: 85% to homelessness programs; 15% to nonparticipating tribes. Specifies licensing, regulatory, consumer-protection, and betting-integrity standards for sports wagering.

The potential of the market size in the Golden State is as much as $3 billion, and the infamous initiative process in California that provides for direct democracy will require only a majority of votes in favor. Some other states have a higher threshold for law-by-vote, but the largest state in the union requires just 50% +1 to pass any legislation.

Just under one million signatures were required to reach the ballot, and the coalition turned in over 1.6 million. A somewhat-competing measure from Native American tribes, horse racing tracks, and local card rooms will also be voted on at the same time, but the proposal by the nationwide sports books was designed not to conflict so that both nationwide providers and local partners could offer mobile app-based betting to consumers.

Well keep an eye on this, but California would immediately become one of the largest legalized sports betting jurisdictions in the world. If passed the bill would take effect on January 1, 2023, barring and subsequent fights in court about implementation.

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California sports betting proposition: Citizens to vote on legalization of sports gambling this November - DraftKings Nation

Online gaming has undergone dramatic changes of late. Technology has soared heights in the past two decades, resulting in potential innovations and technological advancements. This, in turn, has caused a significant impact on the online gambling industry.

The online gambling trend commenced years ago. With digital adoption, the number of online casinos boomed. The new technologies have contributed tons to creating the future of online gambling. Below are a few technological advancements that are shaping the online gambling process.

Cloud gaming has solved numerous gambling problems. With an enhanced user interface and faster loading time, it allows a high-resolution gaming experience. Besides, this technology has improved the data storage options, allowing a better wagering experience. Cloud gaming eliminates the need of carrying the console. It furnishes the users with speedy access to multiple games. Likewise, the users can play these games with their laptops, desktops, and smart devices.

Cloud computing reduces the existing concerns of the gambling industry. In turn, it delivers several new opportunities. It also provides industrial level security. Here, the information is stored in virtual storage space. This makes the cloud safer than other systems. Furthermore, it delivers easy access to games and is compatible with any type of device. It allows unlimited storage capacity, backs up, and restores the data. Cloud gaming is easy, efficient, scalable, and the future of online gambling.

Cryptocurrencies, such as Bitcoin and Ethereum, offer several gambling advantages. Every gambler values security and confidentiality. When you play in a crypto casino, you can manage your funds directly. Thus, theres no need for a third party. Besides, crypto transactions are among the safest ways you can transfer money online.

Cryptocurrency games are fairer with blockchain. Meaning, that gamblers can check whether the result was estimated or manipulated by random numbers. Consequently, you will get more bonuses. Moreover, games offered by crypto-gaming platforms are of the highest quality. Games like slot machines, roulette, blackjack, et al are available to fans of the classic.

From the first arcades to todays Augmented Reality (AR) and Virtual Reality (VR), the gaming world has developed significantly. The gambling industry has adopted this technological trend, as it dramatically changes the way gamblers play. Many online casinos have incorporated this feature.

Allowing a 360-degree view of a real casino, AR/VR delivers a whole new betting experience. AR provides the interactive element, adding digital layers of information. VR, on the contrary, is equipped with sensor gloves and a screen. Together, they create a Mixed Reality (MR). Virtual Reality and Augmented Reality have transformed the betting world and are certainly the future of online gambling.

Although its inception was slow, the complex system known today as artificial intelligence has constantly

evolved. Nowadays, its used in sites that we use every day, from Alexa or Siri to the all-knowing Google

and even YouTube.

Eventually, this technology will fully make its way to the gambling industry, bringing its many benefits. AI algorithms promise plenty of improvements for online casinos, like better security and customer services. There are even some companies that use AI to identify players with addictive behaviours. Overall, when it comes to the digital world, artificial intelligence can do everything a human can with more speed and efficiency.

Esports boomed rapidly in the post-covid era. Thus, betting through esports gained tremendous popularity. This technology is a new hike in the world of online gambling. Esports authorizes players a data-driven consumer understanding and better opportunities for in-game gambling. This, in turn, convenes the players with fairer sports games (through prizes and rewards).

Ever since esports entered the world of online gaming, it has been aflutter. From kids to seniors, everyone is ready to try their luck in the game. Today, there is barely any betting technology in the world that is more prosperous than the esports industry. With the introduction of the 5G network and next-generation consoles, Esports will bolster the market of online betting industries in 2022.

Live dealers were introduced to the online gambling world recently. They enhance the way gamblers play online games. Whatever a traditional casino offers is made available through the internet.

This technology provides an efficient at-home betting experience. It has been rendered useful, especially during the lockdown. A live dealer transforms the casino games into a game with friends. This makes gambling more engaging and fascinating.

Today, practically everything is done through smart devices. From reading the news to ordering food and gambling, smart gadgets are utilized in every step. They are low-maintenance, provide excellent accessibility, and improved collaboration.

People who dont visit traditional casinos can employ their gadgets to play top casino games online. Mobile gaming has transformed the way we see gambling online. It is, undoubtedly, the future of gambling.

The gambling industry requires improved security. Paying online or making transactions have become so much easier with developing technology. Technology has revolutionized the way we anticipate the gambling experience.

With features like fingerprint recognition, facial recognition, and many more, security has enhanced the trust of the gamblers. This keeps their information secure, which in turn, prevents fraud incidents and cyber hacking.

Multiple payment options have made online gambling transactions safer and effortless. In the past, cell phones were the only modes of communication.

With the rise of technology now, users can choose their mode of payment options. This gives them confidence in every transaction they make.

Online gambling has achieved immense popularity in no time and will continue to grow in the future. As per the analysts, there is a lot to come. Our modern geis indulged and withstood the technologies spontaneously. And, they always desired for more.

The online gambling industry is now employing developed tools. Emerging technologies will improve the frugality of this industry, providing an advanced gaming experience to users. Consequently, the industry will make more profits from the customers.

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Technologies that are Creating the Future of Online Gambling - Nilsen Report

NBA Analyst Charles Barkley was an avid gambler during his time, and once revealed he lost a million dollars a couple of times during his gambling escapades.

Following an illustrious 16-year career in the NBA, which saw him win an MVP over Michael Jordan, Charles Barkley made a name for himself as an analyst on the Inside the NBA show. Apart from his passion for the sport of basketball, Chuckster had a thing for gambling which turned into an addiction to a point where its caused his own detriment.

In fact, its no real secret that Barkley liked to gamble. Over the years, the has spoken multiple times about his love for the casinos and has been quite open with the public about it. However, the extent of it is not known to many. As of now, Chuck has an estimated net worth of $50 million and has enjoyed a life of luxury for decades now.

However, there was a time in Barkleys life when it looked like he would lose it all to gambling. In fact, in an interview, Barkley even reveals that hes lost a million dollars somewhere between ten to twenty times.

Also Read: We had a back and forth card game with Michael Jordan and Jay-Z: Charles Oakley reminisces losing $50,000 and gambling with the Bulls and rap icons

Charles Barkley is one to always expresses himself, whatever the situation, be it his personal life as well. In an interview with Graham Bensinger, he openly talked about his gambling problems and the fact he lost over 10 million dollars in 20 years. He goes on to say

Ive won a million dollars probably four or five times in a single day. Ive lost a lot more millions in a single day, Ive lost a million dollars at least 10 to 15, somewhere in there. I probably only won a million five or six times. Ive lost somewhere between 10 and 20, I cant get an exact number because we are going back to the 80s.

Chuckster further goes on to explain that his inner circle had to sit him down and make him understand the ill effects of gambling. He goes on to say

It got out of hand, but I quit for two years. I remember talking to my friends who said Gambling is not your problem, youre just an idiot. Weve sat on a table with you, and you were up 300, 400, 500, 600 thousand dollars, and they said lets quit. I developed this thing where I have to win a million dollars. Lets not try to break the casino because you cant break the casino. Since I developed that mentality, Gambling is a lot more fun to me, to be honest.

We all can pick up valuable lessons from this. Always have an inner circle that knows when to tell you to stop something. Also, sometimes, its better to walk away from something, and will help you in the long run.

Also Read: I cant leave all that money to my freeloading family!: Charles Barkley has hilarious response when asked about gambling problem

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I've lost $1 million somewhere between 10 to 20 times!: When Charles Barkley opened up about his... - The Sportsrush

Posted on: May 2, 2022, 08:35h.

Last updated on: May 2, 2022, 04:59h.

Police dismantled an illegal gambling operation at a recognized sports complex in Buenos Aires, Argentina over the weekend. There were more than 500 spectators. However, only a small percentage participated in the gambling activity.

Police uncovered a massive illegal gambling operation at the Spanish Sports Athletic Club in the Buenos Aires neighborhood of Flores this past Sunday. There was a clandestine soccer penalty kick championship going on that promised cash prizes of up to ARS2 million (US$17,278) and high-end vehicles.

Police arrested 24 people, even though more than 500 spectators were in attendance. They uncovered illegal firearms, narcotics, and unauthorized food sales.

It allegedly occurred as the clubs management was indifferent to what was going on.

The police intervention was a joint effort involving several different agencies. It involved the Buenos Aires Prosecutors Office Specialized in Mass Events, the Judicial Investigations Corps of the Buenos Aires Attorney General, the Contraventions and Offenses Against Public Order Division of the city police, and the Government Control Agency.

In addition to the illegal sports betting activity, there were illegal casino games that offered cash prizes. Police revealed that 94 people participated in the illegal gambling activities, 12 bettors, six bet-runners, two referees, and various organizers. Several individuals tried to pass themselves off to the police as members of the health department. However, they could not verify their status through credentials.

Following a thorough inspection, police seized firearms and various narcotics. They also confiscated large quantities of food, which lacked all kinds of health control.

The intervening agents arrested 24 people, all allegedly organizers of the event. The president of the athletic club, Diego Martn Elas, said that a penalty shootout tournament is an event that occurs regularly. He added that it involves neighborhood soccer teams from the Federal Capital and the Buenos Aires suburbs, with venues on a rotating basis. Martn was not one of the suspects police arrested.

Elas added that after this episode, they will consider not holding these events. However, he admitted that it was welcome extra income and that the club received ARS450,000 (US$3,887) for the rental of the property.

These tournaments are very popular in local neighborhoods of the west and south of Greater Buenos Aires, according to local media. However, they have become one of the most sought-after practices in recent years.

The mechanics of the penalty shootout consist of a kicker and a goalkeeper, where usually each represents a team. Bettors can wager on whether a kicker will score a goal, if a goalkeeper will block a shot, which side of the goal the kicker will target, and more.

For some, the shootouts are a way of life. A handful of kickers and goalkeepers make a living participating in the events.

However, the presence of firearms and illegal drugs shows the precarious nature of the activity. They also show the dangers the events hold for attendees. In addition, as unregulated gaming activity, there are no safeguards for gamblers and bettors.

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Illegal Gambling Operation in Argentina That Drew More Than 500 Spectators Busted - Casino.Org News

Investment giant Fidelity recently announced that it would allow participants in the 401(k) plans it manages to invest up to 20% of their savings in bitcoin, if their employer wants to offer that option.

This strikes me as, well, kind of nuts. Even stranger, though, is that if cryptocurrencies are your thing, then 401(k)s and IRAs may be exactly the place to do this kind of speculation.

Bitcoin BTCUSD, +0.74% is a digital currency, part of a wider world of similar products known as cryptocurrencies due to the way they are created and verified using computers. Cryptocurrencies arent backed by company profits, by commodities such as gold, or by a central banks promise to pay. Rather, they are created via a computer process known as blockchain and derive value based on others willingness to accept those currencies as a form of payment.

Cryptocurrencies have their uses, if exchanging in anonymous transactions is important to you. But crypto trading is also a subculture unto itself, with fanboys (and girls) who see Bitcoin and its derivatives as a way of life, not merely a means of exchange. As the comedian J.P Sears put it, Being a bitcoin advocate is like the veganism of financial world. Youll find out where I stand on the matter within 11 seconds of meeting me. This doesnt seem the most appropriate mindset for retirement planning.

The rational argument for cryptocurrencies in retirement portfolios is that their returns are not highly correlated with those of stocks and bonds. Therefore, crypto in combination with other investments could produce a portfolio with higher returns and/or lower risk.

On the other hand, the reason cryptocurrency returns dont vary in line with those of other investments is that its not entirely clear what a cryptocurrency should be worth, and thus their values fluctuate wildly along with the sentiment of buyers and sellers.

Yes, bitcoin has produced stratospheric rates of return in its short history, but crypto is hard to recommend for long-term buy-and-hold retirement savers when there is no clear rationale for its high returns, any more than Dutch savers of the 1600s should have placed their hopes in tulip bulbs. Bitcoins returns arent driven by its profits, as with an ordinary investment, but by the pure rising demand for bitcoin.

And along with high recent returns, bitcoin has been much riskier than the S&P 500 SPX, +0.48% or even alternative investments like private equity or hedge funds. Since 2013, the standard deviation of monthly returns on bitcoin a measure of investment risk has been six times higher than that of the S&P 500 index. Thats fine for purely speculative investments, if thats your thing. But its simply not clear why a right-thinking retirement saver would wish to take that amount of risk with their nest egg.

But heres the surprising thing: if you are going to speculate in cryptocurrency, your 401(k) might be the best place to do it, thanks to federal tax policy. An ordinary investor in a risky asset such as cryptocurrency is likely to generate a great deal of unrealized capital gains and losses as their investments rise and fall.

Outside of retirement accounts, capital gains, once realized through a sale, are taxed, and there is a $3,000 annual limit on the amount of capital losses that can be deducted from ones taxes.

But Americas main retirement accounts IRAs, 401(k)s and their Roth alternatives have a tax preference that effectively exempts them from capital-gains taxes. With ordinary 401(k)s and IRAs, you pay no taxes on contributions but subsequent withdrawals are taxable at your income-tax rate; with Roth accounts, the contributions are taxable but withdrawals are tax-free.

Either way, the accruals in the accounts arent subject to capital-gains taxes. You can buy and sell to your hearts content and not pay any taxes until you draw down your account in retirement.

None of this is what policymakers set out for retirement savers to do, and luckily most Americans stick with a buy-and-hold strategy. But its ironic that a retirement account is the best place to do something that retirement savers probably shouldnt be doing in the first place.

As Americas retirement system is further improved though legislation such as the SECURE Act and its sequel, which recently was passed by the U.S. House of Representatives, lawmakers and regulators may wish to consider whether cryptocurrencies and other highly speculative investments make sense in retirement accounts that the taxpayer is subsidizing and which Americans will rely upon in old age.

Andrew G. Biggs is a senior fellow at the American Enterprise Institute.

Crypto enthusiasts sniff at Buffett, Munger comments on bitcoin. It took them decades before they decided to invest in Apple, one analyst says.

Bitcoin in your 401(k)? Fidelity just introduced it as an option when it makes sense, and when it doesnt

A 401(k) thats 20% crypto? Labor Department will likely pressure Fidelity to lower that limit, analyst says.

Im a financial adviser, and Id discourage you from putting bitcoin in your 401(k)

Hackers and scammers are after your crypto and NFTs. Heres how to keep your digital money safe and secure.

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The irony of gambling with your retirement money to buy bitcoin: it makes the most tax sense - MarketWatch

Thailand wants to see its gambling industry expanded or, at least, this is what the Kla Party wants to achieve over the coming months. According to the party, there is a good reason to want and legalize gambling in the country. First and foremost, it would prove a vital lifeline for the economy and will crack down on an illegal gambling sector that is already thriving because of lax proper government sight.

Kla Partys intentions to drive a push towards the legalization of gambling came during a congress that took place at the Centara Government Complex Hotel. The meet-up focused on the first two years of the partys existence as a political movement and what its future plans would be. One of the hot talking points was gambling.

Speaking in front of his fellow party members, Korn Chatikavanij, Klas leader, was adamant that gambling can propel the economy forward, because of how much money it was able to generate over the short and long-term. He acknowledged the bad reputation gambling had, but also said that its not pragmatic to overlook a strong source of revenue for the central government.

Nobody wants to promote gambling, Chatikavanij said. And yet, there are businesses that violate the laws to deliver such products, which is already impacting the public purse and the best way to act is to clamp down on these illegitimate businesses while offering consumers a regulated alternative. He was not afraid to say that mafiosi have been controlling the illegal gambling business already.

Thailand has a fraught relationship with gambling, but the truth is that the kingdom does not allow many if any forms of gambling. Lotteries and gambling dens were allowed intermittently over the past century, but they have since been prohibited. Chatikavanij is hoping to change that as the country faces an increasing problem with illegal gambling.

According to the Ministry of Digital Economy and Society, Thai gamblers are already spending at least $32 million on online gambling sites every year. Thailand has been actively seeking to block illegal gambling websites, with a big bust coming in 2020 when the national police busted a group who owned an online casino along with other sites.

Cumulatively, the group had been able to pass $480 million in illegitimate transactions through its websites, the biggest number ever recorded.

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Thai Party Wants to See Gambling Legalized in the Country - GamblingNews.com

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So, its always been a fantasy how you can earn money by just gambling, right? There are some places where you can bet your real money to make some extra cash out.

Some famous places are Las Vegas, Singapore, Malaysia, Monte Carlo, and India. With a few simple steps, you can wager your real money. But remember you need to know the game really well in order to succeed. There can be a chance of loss, but winning can cover all your damages.

Casinos are mostly where people on vacation visit worldwide to find some relaxation time. Before we track down the best gambling destination in the world. We have to tell you that it can be fun, but you can lose your earnings.

So, lets get to it.

Las Vegas is the second most famous tourist place in the USA because of its nightlife. You can find casinos at every corner where people win, and some lose too. Las Vegas has one of the worlds largest hotels in the world, and now that makes more sense why there are more casinos and why this is peoples favorite vacation spot.

In New Jersey Atlanta, You can find some fancy Casinos offering a wide range of tables for famous Slots games. Like 777 slots, Golden Star game, Classic slots. You can play a wide array of games here.

In Nevada, Reno is also the little biggest city for casinos and gambling. There are favorably more than 15 Casinos in the city where you can find the best odds and games for your place. There are hotels, too, so you dont have to worry about where you will sleep after winning a ton of money if you get lucky.

People dont think of Costa Rica as a gambling destination. Still, the countrys capital holds the most casinos where you can gamble and win money by playing table games and slots.

You will get fantastic exchange rates on dollars if you have some, but European currencies are equally tempting too. Suppose you want to have a fascinating vacation with beaches and want to do some gambling. In that case, Costa Rica can be your go-to destination.

As one of the peaceful and most beautiful places on the earth, Singapore is not behind in any activities. You can find fancy hotels, pools, and casinos here. Plus you get to visit one of the top-class casino services while getting a decent payout.

The number of Casino Cruises is increasing in Singapore. You can find some excellent casinos on the cruise. Dont risk too much as the stakes are primarily high.

Gambling in casinos is illegal in most Indian states. Still, Goa got a permit to host casinos. It is most visited by tourists who are willing to have some fun on the beach and later go to the casino to gamble some money to try their luck.

In India, you can bet online as many websites assist people in making bets on the game and trying their luck. You can mostly find them easy to play, and the services are decent.

But if you can go to GOA, you must test how Casino Gambling works. But before you risk, make sure to do some of your research as its online, and the chances of scams are high.

Monte Carlo is the place where you can find casinos in Monaco. The most well-known and successful gambling destination in Europe, alluring people worldwide to place some bets on the casino Monaco is hosting.

You can even say Monaco is considered the second smallest country on the map of Europe.

The United Kingdom has various gambling experiences, with a large mixture of games that fit the few blackjack players and the rich poker player. Apart from its history, the country also offers many casinos. Some of the most well-known casinos are the casino in the United Kingdom, Aspers Casino, and many more.

If you want to have quick fun and know how casinos work, then online casinos can be your learning stage. As they are offering demo on the games, with the help of it you can play the game and bet on them without actually betting any of your real money.

You can find all sorts of casino games and gambling options if you want any specific fun. You can get decent odds too. But before you go and bet, do some homework on how websites work and how you will get your cash out.

Casinos and gambling have been a part of most vacations. If you are going somewhere, you need to relax and get all the fun you deserve. Some people can find casinos while they are searching for hotels for their stay.

Online casinos can be your key if you cant go or dont want to go, as they get easy sign-up and payout. You can get bonuses and rewards as a sign-up and play demo games before jumping into gambling.

Hence, there isnt any other more satisfactory site than Parimatch. A few online casino gaming sites provide good services, but there is no match for Parimatch customer loyalty.

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Which Are the Best Gambling Destinations in the World? - European Gaming Industry News

Last week, New York State gambling organizations and regulators joined forces to address problem gambling and provide more education on the matter. At Resorts World Catskills, New York State Gaming Commission, New York State Office of Addiction Services and Supports, and New York Council on Problem Gambling announced their new program named New Yorks Responsible Play Partnership.

Problem gambling is a serious issue in North America, and it is one that should not be underestimated by bettors. With the new program, bettors can now scan a Quick Response (QR) Code which will connect them to trained problem gambling clinicians in real-time, so they can receive help and guidance right away.

Executive Director of the New York State Gaming Commission, Robert Williams, asserted as the local gaming field continues to expand, the commission and its partners are committed to making it safe for everyone. He said that the three organizations are uniting efforts to make sure that locals who need help have access to the necessary tools and resources they need to tackle the issue.

New York State Office of Addiction Services and Supports, Commissioner Chinazo Cunningham, shared that when someone is in need of help for such gambling problems, it is important to provide treatment right away. He described the QR initiative as an innovative approach to connecting locals to specially trained outpatient and inpatient treatment programs, as well as private practitioners.

Meghan Taylor, Genting New York vice president of Government Affairs and Public Relations said that safety and responsibility are the two top priorities for Resorts World. She said that the company has a long-lasting commitment to responsible gaming, which features delivering the most current and comprehensive training in the sector, and praised the commission for the adopting of the QR technology.

Currently, the Council oversees and maintains a network of regional Problem Gambling Resource Centers across the Empire State. This also features the Mid-Hudson Problem Gambling Resource Center, which provides services that provide services and help that raise awareness of the potential risks of problem gambling and advocates for those who need help.

A while ago, the New York State Office of Addiction Services and Supports launched a new problem gambling campaign named a new campaign titled Stick to the Game Plan. This program was launched in March and it is a multi-faceted campaign that was broadcasted on radio and social media channels in an attempt to help gamblers prevent unwanted gambling addictions of any sort.

More examples of such programs feature New York Council on Problem Gamblings one from February last year. The initiative attempted to unite all communities, agencies, and people to fight against the issue, as according to reports, around 8 to 10 people can be affected by another persons gambling addiction. And statistics suggest that this demographic features between 64 and 80 million people in the country.

Source: Gaming commission and casino promote responsible gambling, Mid-Hudson News, April 29, 2022

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NYSGC and Others Put Efforts to Promote Responsible Gambling - Casino Reports

Neither the author, Michelle Jones, nor this website, The Tokenist, provide financial advice. Please consult ourwebsite policyprior to making financial decisions.

A significant trend weve seen developing over the last year or two is professionals in the finance and Big Tech spaces defecting to crypto firms. Clearly, the consensus view is that crypto firms are not only here to stay but also offer at least some level of job security.

However, not everyone agrees. Its no secret that bitcoin and other cryptocurrencies are polarizing investments. Additionally, many famous investors have made public their views on digital currencies. Heres a round-up of what experts and famous investors say about cryptocurrencies.

One of the more recent comments came from cybersecurity expert Bob Seeman of CyberCurb. At the 2020 Virtual Value Investing Conference hosted by Ivey Business Schools Ben Graham Centre for Value Investing, he declared that bitcoin is not investing but rather gambling in a rigged game.

Seeman said the blockchain technology that backs bitcoin is merely a distraction like a magicians sleight of hand. He also argued that bitcoin isnt a currency, store of value, or even an asset. Seeman also said it isnt an inflation hedge because the bitcoin price has plunged as inflation has soared.

He thinks the cryptocurrency has almost no value and argues that it is a form of gambling because people buy it just because of how much they think others will buy it from them in the future. Seeman compared bitcoin investing to betting on a point spread in football because the latter is determined by what others think about how the game will end.

Based on his conclusion, he looked at U.S. gambling laws and concluded that bitcoin is an unlawful game subject to chance. Interestingly, all 50 state attorneys general, who regulate gambling in their states, did not disagree with his conclusion. Seeman ended his presentation by declaring bitcoin to be the worlds largest unlicensed gambling casino.

Speaking of gambling, the Oracle of Omaha Warren Buffett has compared other forms of investing to gambling, warning that many people were treating the stock market like a casino. Like Seeman, he has also come out firmly against bitcoin, declaring it to be rat poison squared.

We should also point out that many enthusiasts see bitcoin as a sort of digital gold because they believe it to be a store of value. However, Buffett doesnt invest in gold either because he sees it as unproductive.

Of note, Buffetts Berkshire Hathaway recently invested in Nubank, a neobank that operates differently from traditional banks by not depending on brick-and-mortar branches. Instead, Nubank and other neobanks focus primarily on digital services, and Berkshires investment in it raised a lot of eyebrows due to its connection to cryptocurrencies.

However, its important to point out that Nubank merely offers a bitcoin exchange-traded fund to customers, so its crypto connections are greatly exaggerated.

On the other hand, many famous investors have happily taken up positions in cryptocurrencies. In fact, Peter Thiel has such a strong opinion on bitcoin that he has taken aim at Buffett, JPMorgan CEO Jamie Dimon, and BlackRock CEO Larry Fink over their views of cryptocurrencies, saying that theyre trying to halt bitcoin adoption.

Thiels remarks on Buffett at a recent bitcoin conference were especially provocative, as he referred to the Berkshire chief as a sociopathic grandpa from Omaha and bitcoins Enemy Number One. Thiel has been bullish on bitcoin for years, having reportedly amassed hundreds of millions of dollars worth of bitcoin by 2018 through his venture capital Founders Fund.

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In recent years, more and more hedge fund managers have come around to the idea of holding bitcoin and other cryptocurrencies. Paul Tudor Jones changed his mind on cryptocurrencies a couple of years ago, and he convinced Stanley Druckenmiller to change his mindon a phone call.

Specifically, both fund managers began to see bitcoin and other cryptocurrencies as potential hedges against inflation. The Wall Street Journalreported last monththat Jones and billionaire investor Alan Howard were upping their bets on cryptocurrencies.

More recently, hedge fund billionaire Ken Griffin of Citadel Securities changed his view of cryptocurrencies, saying his fundcould get involved in digital assetsin the coming months. He said he hasnt been right on his dismissal of cryptocurrencies as a jihadist call against the U.S. dollar.

Now Griffin believes cryptocurrencies have been one of the greatest stories in finance over the course of the last 15 years.

Bitcoin and other cryptocurrencies are sure to remain polarizing investments for years to come, but its no secret that millions have been made by investing in the digital asset space. Its difficult to imagine what would make Buffett or any other crypto bear change their mind on the space.

Its also particularly interesting that a cybersecurity expert would dismiss the blockchain technology that backs cryptocurrencies. Seemans argument is that blockchain technology isnt some great, new thing because it has been around since the 1980s when he was working as an electrical engineer. He described blockchain technology as like a big Google spreadsheet.

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Cybersecurity Expert Thinks Bitcoin Investing is Gambling, but these Hedge Fund Managers Disagree - The Tokenist

This article is about how Canadas legal online gambling industry has continued to grow. The Canadian government has made it legal to gamble online with money, which has allowed the gambling industry to be regulated and monitored. Canadians have been able to play casino games, but they can also participate in sports betting, poker, lotteries, and other games. Below is how the Legal Online Gambling Industry in Canada Continues to Grow in 2022 and further.

In the Legal Online Gambling Industry, there will be more people who are using cryptocurrencies. Bitcoin has been around for almost a decade, and many people are now using it as a payment method.

Cryptocurrencies have become a common means of payment to the Gambling Industry. Today, many online casinos accept payments in the form of cryptocurrencies. They understand that it is easier to convert these currencies into real money.

In the Industry, it is now possible to bet on sports matches through your computer or mobile device. Sports betting has only been legal for a few years now, and it continues to evolve with new features and options being added.

There are now a lot of licensed operators that you can pick from. Some of these sportsbooks offer futures and props bets, while others only have simple wagers on the money line, point spread, or even over/under.

There are now several gaming software suppliers to Canadian operators. The best brands are Microgaming, NetEnt, NYX Gaming Group, and Playn Go. These suppliers have been around for many years, and they all offer top-notch video slots, live dealer titles, and other games to licensed online casinos.

This has contributed to the growth of the online gambling industry in Canada, as you can always find a large selection of casino games to play.

One of the main draws to playing casino games online through your mobile device is convenience. You can play from almost anywhere as long as you have a 3G or 4G connection on your phone. For example, you could be stuck in traffic and have time to kill or wait for an appointment.

These days, mobile casino players can also deposit and withdraw with ease. There are no apps that you need to go out and download, and many operators will have a mobile-optimized website that you can quickly access on your phone.

Over the last few years, Canadian players have been treated to an increasingly better experience when playing casino games online. Check out the list of best canadian casinos that everyone uses while selecting the best one for themselves in canada. This has mostly been thanks to improved payment processing methods from software providers and payment processors.

There are now more options available to Canadian players. This includes playing with free spins and even depositing on mobile devices.

Casinos have had a green light system for many years. You have been granted access to the gaming center by being allowed in with some identification card or biometric process. This is often done through something such as an ID scanner, retina scan, etc.

Now, many online casinos are using something called a touchscreen green card system. This is just a fancy name for some other form of ID linked to your financial account. It lets you enter the gaming center without having to produce any additional identification.

The legal framework put in place by the Canadian government is evolving as time goes on. In the past, online gambling was only legal in Canada if it was done at a licensed casino. The government has allowed certain forms of gambling to take place over the internet, and they are even going as far as regulating the industry.

The industrys growth depends on people being able to gamble online with ease. Now that the Canadian government has begun to regulate things, Canadians can take advantage of new services.

Based on statistics, it is evident that a lot more people are taking part in gambling activities online. Players who have used their credit cards to make deposits and place bets have increased by around 35% over the past two years alone. This means that Canadians spend more money each month than before when they played at brick-and-mortar casinos.

Many companies continue to enter the online gambling industry in Canada. They see this as an opportunity for growth, and they want their piece of the pie. You can find a lot of new and smaller operators entering the market these days.

They offer new features and bring new competition to the industry. This is great for Canadian players, as they got a better experience than before when fewer companies handled everything.

The licensing and regulation of the online gaming industry are happening at a much quicker pace than before. There are now many more people who can enter the legal gambling industry. The best part is that these new operators offer some of the best features, games, and services.

There are many more reasons to play at an online casino in Canada today, but there are still more that you can find out. With more brick-and-mortar casinos closing down, online gambling is increasingly becoming the go-to source for entertainment and fun.

Most people have a smartphone or tablet in their pocket these days. You can also use your computer to play games as well. There are many ways to take part in gambling, and all of them offer something new and exciting while providing some form of entertainment value.

As the legal framework for online casinos and gambling continues to evolve, players have even more choices regarding where they can play. The growth of the industry has contributed to a better experience for Canadian players and new options that they were not previously able to take advantage of.

The government is also putting regulations that will help prevent them from being shut down by regulators. This will continue as the regulatory bodies are quickly moving towards a more regulated gambling industry.

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