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A new vote gives the Michigan gambling authority the power to make liquidity deals across state lines.
With a new legislative initiative in Michigan state, a popular and ground-breaking development in Europe looks like it is about to be adapted in the US landscape.
The Bill
House of Reps-backed SB 991 supports the Lawful Interactive Gaming Act allowing cross-border exchange of information and gaming data.
SB 991 green-lights state gambling regulator Michigan Gaming Control Board (MGCB) to seek and negotiate shared liquidity arrangements with other states.
Liquidity Sharing Component
Though online gambling is not yet permitted in the US, the support for SB 991 would position Michigan to participate in future shared liquidity pools with other states should permissions for online gambling and specifically poker be approved in the United States.
In the two years since the U.S. Department of Justice revised its 2011 opinion on the Federal Wire Act in an effort to halt the expansion of online casino gaming, the activity has grown from three states to five with Michigan becoming the sixth state on Friday. On Wednesday, the First Circuit Court of Appeals validated that evolution. The court, in a 49-page opinion, sided with a lower court ruling and the New Hampshire State Lottery arguments that the antiquated 1961 law applies only to interstate sports betting. Gaming law experts said the ruling marked the second time a federal circuit court had agreed the Wire Act only covered information sent across state lines that are used for sports wagers. In 2002, the Fifth Circuit agreed with a lower court’s opinion that funding Internet gaming wasn’t covered in the Wire Act in a case brought by MasterCard. Nevada gaming attorney
Industry - News: A Federal Circuit Court rejected the Justice Department’s 2019 decision to revise the Federal Wire Act, agreeing with a lower court in New Hampshire
Newsroom
Howard Stutz, CDC Gaming Reports ·
January 20, 2021 at
4:10 pm
A Federal Circuit Court Wednesday rejected the Justice Department’s 2019 decision to revise the Federal Wire Act, agreeing with a lower court in New Hampshire that the 1961 law relates only to interstate sports betting.
The ruling by the First Circuit Court of Appeals favored the case brought by the New Hampshire Lottery, which sought to vacate the 23-page opinion from the Justice Department’s Office of Legal Counsel.
The opinion, dated Nov. 2, 2018, reversed a 2011 ruling on the Wire Act that said the law only pertained to sports betting. The revised decision said the Wire Act covers any action where gaming information is transmitted over the Internet.