by I. Nelson Rose | May 9, 2025 | Blogs
I must start by saying I like prediction markets. Allowing people to trade event contracts, that is, make bets on future real-world events, has led to extraordinarily accurate forecasts. Of course, it invites insider trading. But that is not always bad. In 2003 the...
by I. Nelson Rose | May 8, 2025 | Articles
Attitudes toward gambling have shifted not only from state to state but also over time. Twice before in American history, almost all gambling was outlawed. Even Nevada closed its casinos in 1909. But we are now in what I call the Third Wave of Legal Gambling, with...
by I. Nelson Rose | Feb 20, 2025 | Blogs
What could possibly go wrong? New Jersey Assembly Bill No. 2172 has passed out of committee and now will be voted on by the entire Assembly. A companion bill is being considered in the State Senate. If either bill passes both houses and is signed by Governor Phil...
by I. Nelson Rose | Oct 25, 2021 | Blogs
On Friday, October 22nd the New York State Gaming Commission announced what the tax rates will be for anyone unfortunate to win the right to operate online sports betting. Most of the bids were probably already in, but the Gaming Commission graciously gave the...
by I. Nelson Rose | Oct 20, 2021 | Blogs
Here’s a little nugget buried in the news: “US Interior Department calls to review Compact payments between Senecas and NY State,” LINK The fight is over whether the Seneca Nation must pay a $470 million judgment won by the State of New York. With any lawsuit...
