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A new DOJ legal opinion states that the 1961 Wire Act is not only applicable to sports betting but also to all forms of online gambling—reversing an opinion it issued in 2011. The issue focuses on the absence of a comma in the section that prohibits “the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest.” The new ruling could become a trigger for major financial institutions to become wary of processing transactions for any domestic online gambling operators.
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Another threat to gambling?

The Story A new DOJ legal opinion states that the 1961 Wire Act is not only applicable to sports betting but also to all forms of online gambling—reversing an opinion it issued in 2011. The issue focuses on the absence of a comma in the section that prohibits “the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest.” The new ruling could become a trigger for major financial institutions to become wary of processing transactions for any domestic online gambling operators.

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SHOUT OUT

Congratulations to Quinton Singleton for being appointed as the new Chief Operating Officer of Bet.works! Singleton has over 12 years of executive experience across operators and suppliers, including stints in Scientific Games, Deloitte, and Lewis Roca Rothgerber Christie.

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