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Esports Betting Regulations and Gambling Scandal

Esports Betting Regulations and Gambling Scandal

This week’s gambling news finds that the Nevada Gaming Commission is now contemplating the regulation of esports betting! Regrettably, now is also the time that a enormous esports betting scandal is creating gambling news headlines. At least six esports players and a coach have been disqualified from the NBA 2k Esports League for betting on games!

Hello pals! And welcome to This Week in Gambling, where voters in California are headed to the polls for the massive sports betting vote. And that is NOT this week’s big story… because no one knows what the hell is gonna happen! If you are reading this video after election day, naturally you know the final results. That’s not a luxury I was afforded on Monday. Nonetheless, if exit polls are to be believed… and the business specialists are correct… then both of the California sports betting propositions have failed.

What precisely does that imply, although? That they failed? Properly for starters, it means that people in California will be waiting at least till&nbsp 2024 prior to sports betting can be tried once more. It also means that all parties involved… like the tribes and big sports betting operators… will have to get their shit with each other and operate with one particular an additional if they want to have any hope of creating sports betting in California a reality.

Meanwhile, right subsequent door in Nevada, items could not be greater! The state’s streak of consecutive billion dollar months for gambling revenue continued last month, reaching 19! And quickly, the state could also have one more source of gambling income! This week’s big story is that Nevada could soon be regulating electronic sports, or Esports. The Nevada Gaming Handle Board is currently contemplating the regulation of Esports, and if authorized State residents as effectively as visitors to Las Vegas would be totally free to bet on the outcome of video games… just like there are any other sporting event!

Of course, betting on the outcome of video games does come with some pretty huge inquiries about integrity and ethics. So naturally, now that Nevada is thinking about regulating the activity, here comes a huge Esports gambling Scandal appropriate on cue! The NBA 2K Esports league has suspended six players and a coach&nbsp for either betting on games or attempting to bet on games… which I am confident some men and women will point to and say this proves&nbsp that these games can’t be regulated. Nevertheless, I think exactly the opposite. I believe this shows that the safeguards in location did their job. I think this shows that regulation can identify and quit this sort of activity.

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And finally this week, some of you might recall that earlier this year Caesar’s Entertainment was dead set on selling their Flamingo Las Vegas home. And all they wanted for it was a cool billion dollars. Even so, recently some factors have been happening which have caused them to rethink this selection. It appears that the flamingo is producing money. A lot of income. And that combined, with the truth that no one particular desires to pay&nbsp a billion dollars for a 75 year old building, has convinced Caesars to hold on to Flamingo. In reality, the company now says that they will not be selling any&nbsp of their Las Vegas Strip properties.