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Gambling and Sports Betting News Wire - July 26, 2019

Written by:
C Costigan
Published on:
Jul/26/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Friday July 26, 2019.

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How 100 Thieves Fortnite Will Win the World Cup

100 Thieves decided to setup the Fortnite Team at a boot camp in NYC. Ceice, Elevate, Arkham and Klass practice 12 hours a day as they prepare for the biggest competition of their lives. Outside of practice the guys explore NYC and expand their craft in content creation.

North Carolina Governor Signs Sports Betting Bill Into Law

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Viewer Discretion is Advised

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Three Reasons Why US President Trump is Good for Bitcoin Price

Political preferenes aside, Forbes contributor Kyle Torpay says that US President Donald Trump is very good for Bitcoin.

Currently, cryptocurrencies account for upwards of 70% of all funds transactions for online gambling and other so-called "restricted" industries (those that face obstacles in markets across the globe).

Although Trump recently tweeted that he is not a fan of either Bitcoin or Facebook’s Libra cryptocurrency project (let’s ignore how these projects are nothing like each other for now), the president has been invaluable as an educator to the masses as to why Bitcoin needs to exist, Torpay writes.

Currency wars, the threats to block international remittances, and a push against end-to-ed encryption. 

So how does Trump fit into the whole scheme of things?

With the currency wars, Torpay notes that the US President has recently been calling for a devaluation of the U.S. dollar. 

Torpay writes:

The combination of easy monetary policy around the world with the upcoming Bitcoin halving event next year was described as a “perfect storm for Bitcoin” by multiple speakers at last month’s Bitcoin 2019 conference in San Francisco.

Trump's threats of blocking individuals from sending funds from the US to family members in other countries resulted in mining companies the likes of Genesis Mining advertising on billboards the ability to do so using alternative currencies (i.e. Bitcoin).

And lastly, Torpay writes that the push against end-to-end encryption from various government agencies this year may be the most egregious example of why Trump is good for the bitcoin price.

Over the past month, members of the White House staff, U.S. Attorney General William Barr, and FBI Director Christopher Wray have all had negative things to say about the availability of apps that include end-to-end encryption. Some of these parties have gone as far as to recommend an outright ban on the use of end-to-end encryption.

These anti-encryption statements from government officials are another indication of how both governments and the large tech giants effectively want access to what everyone is doing at all hours of the day. In that sort of dystopian nightmare, Bitcoin is the only option for true financial sovereignty.

Libra Scams Already Proliferating on Facebook

Forbes notes that Facebook’s Libra project recently being dragged to congress for hearings to explain itself is causing a stir even while it now seems that it will be some time before it goes live.

Not surprisingly there is a surge in Libra scammers emerging across the Net.

From Forbes:

At least one criminal outfit has advertised access to libra on Facebook this week inviting "expressions of interest in libra." Anyone who registered for that would then get hit up by a boiler room.

The curious user reported the following:

“Today I get a call from a boiler room saying they are Facebook in Switzerland and wanting me to set up an account so I can trade. Apparently, I don’t need to worry if I have not done it before; a broker could do it for me. They were going to give $300 to start with to trade implying this was $300 of libra.”

 

Ripple CEO Concerned About Affects of Libra

Playing Video Games Pays More Than Playing Golf

One Gamer is About to Become $3 Million Richer With World Cup

First Ever Safer Gambling Forum at Betting on Sports 2019

Reflecting the growing importance of tackling problem gambling, SBC is to stage the first Safer Gambling Forum on Thursday 19 September 2019.

Integrated into SBC’s CasinoBeats Summit and Betting on Sports events, the forum has been developed to provide a platform for industry leaders to discuss all elements of problem gambling from the political to the practical.

Graham Weir, Founder & CEO at Safer Gambling Solutions, will act as the chair of the Safer Gambling Forum conference track, which will incorporate sessions on:

●    Loss Limits & Stakes Reduction
●    Understanding Player Finances
●    Identifying & Interacting With Problem Gamblers
●    Marketing’s Role in Prevention & Education
●    CSR: The Key to Sustainable Gaming

The exhibition floor at Olympia London will have a safer gambling area, with stands from EPIC, YGAM, GamCare, GAMSTOP, GamBan, BetKnowMore and Mindway AI.

Weir commented: "Betting on Sports and the CasinoBeats Summit are the perfect platform to talk about reducing gambling-related harm from a business perspective. That is why I am happy to Chair the Safer Gambling Forum on 19 September, as I believe the more companies that embrace safer gambling as part of their everyday operations, the better it is for the long-term health of the industry and society at large."

Betting on Sports 2019 takes place at Olympia London from 17 - 20 September.

Our Free Picks Record July 26

2019 MLB Record: 18-13-2 (58.1%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

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Colorado Sports Betting Prohibitions to be Determined Shortly

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