Money 2.0 Stuff: Maybe Augur can be a thing now

Institutional•January 23, 2019, 4:57PM EST
UPDATED: March 22, 2022, 3:45PM EDT
Money 2.0 Stuff: Maybe Augur can be a thing now

The US has finally made all forms of online gambling that involve interstate transactions fully illegal, in accordance with the Wire Act of 1961. Specifically, the ruling specifies:

The ruling will not affect online gambling in which the wagers are placed from within a state's borders, however this suggests casinos will have to have both a physical presence and a secure system in place to ensure that no bets originate from outside of the state. It's unknown at this time how the industry will navigate that issue in a way that satisfies the revised federal regulations.

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