Bachus Proposes “Blind Trust” After Insider Stock Trading Expose

Following a segment on the CBS news magazine “60 Minutes” claiming that Alabama Republican Congressman Spencer Bachus engaged in “insider stock trading” during the height of the financial crisis, Bachus himself has now proposed legislation that would require all members of Congress to place all their stocks, bonds and other securities into a blind trust that would be managed without their consent as long as they are members.

Submitted by C Costigan on, Dec/05/2011

CNN Introduces Intrade.com Monitoring for its Political Power Rankings

CNN on Friday introduced a new weekly segment, Political Power Rankings. 

Contributor John Avalon presented the segment while a panel came on to discuss the trending related to the GOP candidates, referencing the betting exchange intrade.com

Intrade is a prediction market that attempts to act as an indicator of possible outcomes for specified events such as Presidential elections. 

So who was on top of the CNN Political Power Rankings?

Submitted by Gilbert Horowitz on, Dec/02/2011

CNN Puts More Pressure on Bachus, Pelosi Regarding Insider Trading and Congress

Following a “60 Minutes” report, CNN’s Anderson Cooper on Thursday night made insider trading and Congress his top story of the evening.  The “violators” were none other than former House Speaker Nancy Pelosi, current House Speaker John Boehner and Alabama Republican Congressman Spencer Bachus.  Mr. Bachus has been one of the biggest advocates for online gambling prohibition and he is also allegedly one of the biggest of the “violators”.

What they did was not illegal but…

From Wikipedia…

Submitted by Aaron Goldstein on, Dec/01/2011

Herman Cain to Drop Out of US Presidential Race at 45 percent

The prediction markets at intrade.com have GOP US Presidential candidate Herman Cain with odds set at 45 percent of dropping out of the US Presidential race before December 31.

The market has given the former Godfathers Pizza CEO a 1 percent chance of becoming the nominee to represent the Republican party in 2012.

Submitted by Gilbert Horowitz on, Dec/01/2011

Bad News for Online Gambling: Foe Maxine Waters to Replace Supporter Barney Frank

Bad news for bettors!

It could be rocky Waters ahead!

U.S. Congressman Barney Frank made news this week when he announced he won't seek re-election and will retire at the end of his current two-year term, which expires on December 31, 2012.

The news was of particular interest to those in the online gambling community, as Frank has been the leading proponent among elected government officials for the legalization of online gambling in the U.S.

He wasn't just a proponent though.

Submitted by Thomas Somach on, Nov/30/2011

Barney Frank Won’t Run for Reelection: Online Poker Sector Must Act Fast

The online poker and gambling industry as a whole is about to lose one of its greatest allies as Massachusetts Congressman Barney Frank has announced he will not be running for reelection in 2012.

Submitted by C Costigan on, Nov/28/2011

Super Committee Failure Means Online Poker Won’t be Hitching a Ride

Supporters of legislation that would make online poker legal in the United States had hoped to have their bill attached to a so-called Super Committee financial reduction measure, but the prospects of this happening appear close to zero at this point.

It’s not so much that the online poker measure couldn’t somehow latch itself onto the deficit-reduction bill.  Instead, the Super Committee was about to declare failure on Monday.

From Reuters:

Submitted by C Costigan on, Nov/21/2011

US Presidential Hopeful Ron Paul Polling 2nd in Iowa (Video)

GOP hopeful and someone who has vehemently pushed for legalized online gambling in the US over recent years, Ron Paul, is polling 2nd in Iowa after Herman Cain.  This isn’t a distant second, it’s extremely close.

Submitted by Gilbert Horowitz on, Nov/16/2011

Newt Gingrich Latest Odds to get GOP Nomination

Newt Gingrich has shot up the polls and is trailing just behind Mitt Romney in recent polls.  The surge has accompanied Herman Cain’s drop in the polls after a handful of women alleged sexual harassment during the late 1990’s while Cain headed up the National Restaurant Association. 

Gingrich still had some value at 4/1 odds at Sportsbook.com, which allows for wagering on the Internet.

Submitted by Aaron Goldstein on, Nov/14/2011

Herman Cain at 5 to 1 Odds Despite Sharon Bialek Accusations

Submitted by Gilbert Horowitz on, Nov/07/2011

Rick Perry Hates Gambling But Bets World Series

Texas Governor and Republican Presidential candidate Rick Perry, who has repeatedly said he is against all forms of gambling, has been telling what's known in Texas as a tall tale.

A tall tale--a polite way to say a lie--about gambling, no less.

Gambling911.com, as part of its continuing series on how the Presidential candidates stand on gambling issues, last month reported how Perry, during his tenure as governor of Texas, has opposed the expansion of gambling at every turn in the Lone Star State.

Submitted by Thomas Somach on, Oct/26/2011

Mormon Church Hates Gambling: Mormon Politics Does Not

Two of the contenders for the Republican nomination for President of the United States are members of the Mormon religion: former Massachusetts governor Mitt Romney and former Utah governor Jon Huntsman.

Other top American politicians are also Mormons, including Harry Reid, a Democrat who is a U.S. senator from Nevada and the Majority Leader in the U.S. Senate.

With Mormons in such positions of political power, Gambling911.com readers might be wondering just what is the Mormon position on gambling?

The short answer: they're against it.

Submitted by Thomas Somach on, Oct/24/2011

Another President Bush: Jeb Hates Gambling (Sometimes)

Bush for President?

No, not that one.

He served two terms and can't serve any more.

And not his father either, who served one term and then was kicked out of office by the voters.

The Bush who's generating some political buzz on the presidential front these days is none other than the "other" Bush--Jeb Bush--who served as governor of Florida from 1998-2006 and is the 43rd President's older brother and the 41st President's son.

Submitted by Thomas Somach on, Oct/18/2011

Black This Out Ron Paul Money Bomb October 19

With Ron Paul running for US President once again, the fine folks assisting with his campaign and various grass roots efforts will be working with Gambling911.com to deliver all the latest news.

Ron Paul, the long time Republican Congressman from Texas, has given a number of interviews to Gambling911.com.  While not an active supporter of gambling per se, Dr. Paul is very much in favor of legalized online poker as a right of US citizens and has actually co-sponsored bills in the past along with Democrat Barney Frank. 

Submitted by C Costigan on, Oct/12/2011

Marco Rubio as Vice-President: A Bad Bet for All Concerned

Regardless of who wins the Republican nomination for President of the United States, the most talked about name for Vice-President on the G.O.P. ticket is Florida Senator Marco Rubio.

Rubio, 40, from suburban Miami, started his political career as a local legislator, serving as a Miami City Commissioner.

He then moved up to the state legislature, serving as a member of the Florida House of Representatives and eventually rising to the post of Speaker of the Florida House of Representatives.

In 2010 he was elected to the U.S. Senate.

Submitted by Thomas Somach on, Oct/11/2011

Chris Christie Confirms He Won’t Be Running

Despite the GOP’s pressure to get New Jersey Governor Chris Christie to join the race to run for US President, Christie confirmed once again he will not be running. 

Fox News broke the story Tuesday afternoon.

The GOP has expressed concerns over the current pool of candidates, in particular Texas Governor Rick Perry, who was widely panned for his performance at last week’s Republican debate.

Submitted by C Costigan on, Sep/27/2011

Odds on the Next US President Have Obama at Even, Romney at 2 to 1

Sportsbook.com has released updated odds on the next US President with just over a year until the highly anticipated elections.  (see all Elections odds here under EXOTICS)

North America’s biggest online sportsbook in terms of overall volume anticipates heavy betting action over the next few months that will help to adjust these odds further.

Submitted by Carrie Stroup on, Sep/26/2011

Gary Johnson’s Neighbor’s Dog Most Memorable Moment of Republican Debate

A relative unknown among the GOP candidates for US President, Gary Johnson, offered up one of the most famous lines of all the Republican debates thus far.

When asked about President Obama’s economic policy, the former New Mexico Governor responded:  “My neighbor’s dog has created more shovel ready projects than this administration has”.

Most of his colleagues on stage had a good laugh at that one.

Johnson hasn’t appeared in many debates and – while we are on the subject of dogs – he’s considered one of the biggest underdogs.

Submitted by C Costigan on, Sep/22/2011

Mike Bloomberg for President: On Gambling Issues, He’s No Sure Bet

U.S. President Barack Obama, a Democrat up for re-election next year, has plummetting poll numbers so his re-election is anything but assured.

Submitted by Thomas Somach on, Sep/15/2011

Chris Christie Says He Supports Gambling, But Does He?

Gambling911.com has previously reported on the major Republican presidential candidates' records on gambling issues.

We revealed how Texas Governor Rick Perry, Minnesota Congresswoman Michele Bachmann and former Massachusetts Governor Mitt Romney would be no friend to the gambling industry should any of them be elected President of the United States, all of them having stymied or attempted to stymie the expansion of gambling during their respective political careers.

But those are all declared candidates for the presidency.

Submitted by Thomas Somach on, Sep/06/2011

Mitt Romney Flip-Flops on Gambling: Was For, Now Against

Submitted by Thomas Somach on, Aug/24/2011

Ron Paul’s $1.6 Million Birthday Money Bomb

Ron Paul, a long time supporter of one’s right to gamble online, has managed to raise $1.6 million during his Birthday money bomb for his US Presidential campaign.

Submitted by Gilbert Horowitz on, Aug/21/2011

Gaddafi Bets Look Like They Will Pay Out

Submitted by Gilbert Horowitz on, Aug/21/2011

Rick Perry Gets First Major Endorsement…. From the Texas Dolly Doyle Brunson

Texas Governor Rick Perry has received his first ringing endorsement from one of his own, the Texas Dolly poker icon Doyle Brunson.

Submitted by Aaron Goldstein on, Aug/15/2011

Ron Paul Nearly Wins GOP Iowa Straw Poll

Congresswoman Michele Bachmann won the GOP Iowa Straw Poll on Saturday, but Texas Congressman Ron Paul came within a percentage point of beating the Iowa-born Bachmann.

Submitted by Gilbert Horowitz on, Aug/13/2011

Michele Bachmann Near 15 Percent Chance of Winning Republican Nomination

Michele Bachmann has managed to more than double her chances of winning the GOP nomination for the 2012 US Presidential election. 

Submitted by Aaron Goldstein on, Jul/14/2011

Michele Bachmann Odds of Winning Iowa Caucus Now Greater Than 50 Percent

The Intrade crowd has Tea Party darling Michele Bachmann’s chances of winning the Iowa caucus just slightly better than 50 percent and perhaps with good reason.

Iowa kicks off the primary and caucus season and Ms. Bachmann certainly has the edge there.  She was born and, for a brief time, raised in Iowa.  Her family of "Norwegian Lutheran Democrats" moved to Minnesota while she was still young.  Her ties to Iowa’s Evangelical voters should also boost her chances there. 

Bachmann officially announced her campaign on Monday (June 27). 

Submitted by Aaron Goldstein on, Jun/27/2011

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Welcome to our new Poker News blog, all the latest tournament, player and juicy stories related to the game for this day Tuesday November 21, 2019. 

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