Donald Trump: News


Donald Trump: News

August 2025

Federal Takeover of D.C. Police:

On August 11, 2025, President Trump announced a federal takeover of the Washington, D.C. Metropolitan Police Department, citing a public safety emergency. He also deployed National Guard troops to the capital to address crime, despite data showing a 35% decrease in violent crime in D.C. for 2024 compared to 2023, according to the Justice Department

Mayor Muriel Bowser called the move "unsettling and unprecedented," noting that crime has been trending downward.

Trump indicated plans to seek long-term federal control of the D.C. police, potentially extending beyond the 30-day limit allowed under the Home Rule Act unless Congress approves an extension.

Foreign Policy Engagements: Trump is scheduled to meet Russian President Vladimir Putin in Alaska on August 15, 2025, to discuss ending the war in Ukraine. He described the meeting as a "feel-out" session and hinted at "very severe consequences" for Russia if no progress is made. Trump also held a virtual call with Ukrainian President Volodymyr Zelenskyy and European leaders on August 13, 2025, which he described as productive. Additionally, he will host a peace treaty signing between Armenia and Azerbaijan, signaling active diplomatic efforts.Tariff Policies:

Trump extended the deadline for increased tariffs on Chinese imports to November 10, 2025, as negotiations continue. His tariff policies, which began on August 1, 2025, have raised import taxes significantly, contributing to federal revenue but also causing price increases for consumers. Critics argue these policies may push countries to reduce reliance on the U.S. market.

Domestic Policy Moves:

Trump nominated E.J. Antoni, a critic of government economic data, to lead the Bureau of Labor Statistics after firing the previous commissioner following a jobs report with significant downward revisions.

He also expressed intentions to reclassify marijuana as a less dangerous drug and discussed building a 90,000-square-foot ballroom at the White House, projected for completion in 2029.

Controversial Statements and Actions:

Trump’s rhetoric included a warning to protesters in D.C., stating, “You spit and we hit,” referencing incidents of violence.

 

News

Trump Media & Technology Group (TMTG)

Trump Media & Technology Group (TMTG), which operates Truth Social, has been making waves recently.

Here’s a concise rundown based on the latest developments:Financial Moves: TMTG reported $3.1 billion in assets and its first quarter of positive cash flow in Q2 2025.

It’s amassed a $2 billion Bitcoin treasury, signaling a big bet on cryptocurrency. The company also plans to launch a utility token within its Truth digital wallet ecosystem.

New Features: TMTG is beta testing Truth Search AI, an AI-powered search feature for Truth Social, aiming to integrate advanced tech to boost user experience.

Content Expansion:

The company partnered with Great American Media to bring family-friendly, on-demand content to its Truth+ platform, diversifying its offerings.


Media Alliances:

TMTG is set to broadcast GB News, a right-leaning UK outlet, in the US, aligning with its push against traditional media as Trump ramps up criticism of mainstream outlets.

Market Performance: TMTG’s stock, trading as DJT, has faced volatility.

Recent SEC filings indicate Trump’s trust could sell over $2 billion in shares, which led to a dip in stock value.

Crypto Ventures: Beyond its Bitcoin hoard, TMTG filed for a “Crypto Blue Chip ETF” with the SEC, signaling deeper crypto market ambitions.

Legal and Media Friction: Trump has leveraged TMTG’s platform to call out mainstream media, boasting about settlements from outlets like CBS and ABC, claiming they put media “on notice.”

He’s also suing 20 outlets, including Newsweek, for alleged defamation tied to

Truth Social coverage.TMTG is positioning itself as a counterpoint to traditional media while diving into crypto and AI. Its moves reflect Trump’s broader narrative of challenging the establishment, though its stock fluctuations and legal battles suggest a bumpy road.

 

 

 

 

 

Trump Coin via Grok


The "Trump Coin" refers to several types of collectible items associated with Donald Trump, but there's a notable distinction between official commemorative coins and what has been described as part of a confidence trick known as the Trump Rebate Banking system:

Official Trump Commemorative Coins: These are silver or gold medallions or coins that are sold as collectibles. Donald Trump himself has announced the sale of a $100 limited-edition silver coin, which he described as commemorating his movement and fight for American values. These coins feature Trump's profile on one side and imagery like the White House on the other, often accompanied by phrases like "In God We Trust." They are marketed as keepsakes celebrating Trump's presidency and his political stance, not as legal tender but rather as collector's items or political merchandise.

Purpose: These are intended as merchandise for supporters, potentially increasing Trump's personal revenue or campaign funds, reflecting his entrepreneurial approach to politics. They are not meant to be used as currency but might hold value for collectors or enthusiasts.
Pricing: The $100 price tag for the silver coin significantly exceeds the market value of the silver content, suggesting the value is more in Trump's image and the political statement than the material.

Trump Rebate Banking System (TRB) and Related Scams: This involves various schemes where "Trump coins" or similar items are sold with the misleading promise that they could eventually become legal tender or be redeemed for significant value under a future monetary system supposedly supported by Trump or his administration. These schemes have been identified as scams, targeting Trump supporters with the allure of future financial gain.

Nature of the Scam: Products like "Trump Bucks" banknotes, "Trump Liberty Coin," or TRB membership cards are marketed with claims they'll be valuable or even usable as currency if Trump or his policies were to influence the financial system dramatically. These claims have no basis in reality or law.

Marketing: These scams often use affiliate marketing, social media, and even fake endorsements to spread. They've been particularly noted for exploiting Trump's image and the trust of his supporters, especially around significant political events or during times of heightened political fervor.

Current Sentiment on X (Twitter):


There's a mix of promotion and skepticism regarding Trump-related financial products or coins on platforms like X. Supporters might share or endorse these items as symbols of loyalty or investment, while critics or more cautious observers warn of the scam nature of some offerings, especially those promising financial returns.

Conclusion:

Official Trump coins are legitimate merchandise, albeit overpriced for their material value, designed for collectors or supporters.
Scams like the TRB or related "Trump coin" schemes should be approached with extreme caution. They exploit the trust and enthusiasm of Trump's base without any real financial backing or legal tender status.

When engaging with any Trump-related financial product, especially those promising future financial benefits, it's crucial to exercise skepticism and due diligence, as many have been identified as fraudulent schemes. (Grok)

 

 

 

 

 

 

 

X - Grok Ramps Up Cryptocurrency News Coverage With Major Donald Trump Launch With World Liberty Financial (WLFI); Media Man - Excellent Timing For News Cycle And U.S Election; Some Mainstream Media Will Have Little Choice But To Cover; X And Online News Sending News Global: Media Man

News

Trump to Launch Crypto Token Sale

Former U.S. President Donald Trump is set to launch a cryptocurrency token sale through his project named World Liberty Financial (WLFI) on Tuesday, October 15th, 2024. This initiative marks Trump as the first U.S. president to introduce a personal cryptocurrency. The token sale will be exclusive to accredited investors and will integrate with the Ethereum mainnet via the Aave protocol. Trump has announced an exclusive online event on Monday, October 14th at 8 AM EST to discuss the project further. This move into cryptocurrency by Trump has sparked discussions about its potential impact on the crypto market and its timing with political events. (Grok)

News

Trump's Crypto Token Launch

Former U.S. President Donald Trump is set to launch a cryptocurrency token sale through his project, World Liberty Financial, on Tuesday, October 15th, marking him as the first U.S. president to introduce a personal cryptocurrency. The token sale will begin with an exclusive event on Monday, October 14th at 8 AM EST, detailing the project's implications for finance. The cryptocurrency will be integrated with the Ethereum mainnet via the Aave protocol. Trump has also been accepting cryptocurrencies like XRP for his campaign, indicating a broader engagement with digital currencies. This initiative has generated significant interest and discussion within financial and cryptocurrency communities. (Grok)

Newswires

Trump Media stock soars after sudden reversal in election odds

October 13, 2024

Shares of Trump Media and Technology Group, the parent company of Truth Social, have jumped over the past week as betting markets started tilting toward former President Donald Trump.

On Friday, the stock surged 4.8% to close at $25.28, up 53% from last Friday's closing price.

That coincided with a broad improvement in Trump's odds of victory on top betting sites. For example, Vice President Kamala Harris was in the lead last weekend on PredictIt, then was tied by Wednesday, and was overtaken by Trump the following day.

Similarly, Harris had a slight edge on Oct. 4 on Polymarket, but lost it over the weekend, with Trump widening his lead throughout the following week. As of now, it shows 55% for Trump and 44.7% for Harris.

And on Kalshi, Harris and Trump were largely neck and neck, but Trump began pulling ahead by mid-week and now leads 53% versus 47%.

Meanwhile, renowned data scientist Thomas Miller, a professor at Northwestern University, also told Fortune's Shawn Tully on Thursday that Trump’s odds surged over the past week, giving him a two-vote electoral college lead.

He maintains that his model, which is guided by political betting data, is a much better forecaster than following the individual polls.

While nationwide opinion polls haven't seen a dramatic reversal, with Harris clinging to a narrow lead, polls in the key swing states of Michigan, Wisconsin, and Pennsylvania show her advantage shrinking while Trump has held onto leads in other battlegrounds like Georgia and North Carolina.

Trump Media shares have already been on a wild ride this year, acting like a barometer of Trump’s election prospects. The stock skyrocketed following Trump’s first debate with President Joe Biden in June and again after Trump survived an assassination attempt in July.

But after Biden stepped aside and Harris took his place in the presidential race, Trump Media stock tumbled. Shares sold off further last month as the end of the lockup period approached, allowing company insiders to sell their shares.

Then last month, Trump said he would not sell his stock, dampening speculation that he would cash them out to cover legal or campaign expenses. Since hitting a low on Sept. 23, Trump Media stock has leapt 115%.

Trump owns about 59% of the outstanding shares, meaning his stake is now worth nearly $3 billion. (Wires, A.I News)

News Flashback By Popular Demand

Crypto And Politics

Gonzo Bitcoin Scribes With Gonzo, A.I And Grok

Wrestling With Crypto, BTC News And Power To The People; President Trump Looking For A Win-Win-Win situation

And The Crowd Roars Wild For Crypto Friendly Polies

In Case You Missed It

By A. Media Scriber. With assistance from A. Bot (Grok Chapter)

July 28, 2024

Trump vs Harris on cryptocurrency

For The U.S And World Wrestling Crypto Heavyweight Title

The Trumper Will continue to promote and lift bitcoin

Trump planning to establish a U.S. bitcoin stockpile, set up a crypto advisory council akin to Wrestlers Court

Former (to some) President Donald Trump on Saturday body slammed Vice President Kamala Harris over the Biden administration’s approach to cryptocurrency regulation and announced a sweeping set of industry-friendly policies, as he sought to win over the bitcoin mob.

Speaking at a major crypto conference in Nashville, Tennessee, Bitcoin 2024 (WrestleMania for Cryptos) Trump sought to hog tie Harris to the Biden administration’s rugged regulatory approach to the digital asset industry. Though Harris hasn’t taken a public position and her team is ramping up outreach to the crypto world, Trump said she is “against crypto.”

Every Babyface Needs A Villain/Heel

Trump endorsed an array of policies to boost crypto firms.

Bullet Points

Have the U.S government hold a stockpile of bitcoin, creating a crypto advisory council, installing a crypto-friendly Securities and Exchange Commission chair and ock blocking the Fed Reserve from creating its own digital currency.

“I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” he said.

“The moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”

Trump’s grand and most welcome appearance at the Bitcoin 2024 conference cemented his embrace of the crypto industry, which is lobbying hard in downtown Washington and planning to spend more than a whopping $160 million to sway this year’s elections. And you thought that stakes were high in WWE's 'Money In The Bank'. How about a crypto title Triple H? Matt Cardona had the Internet Title - we know.

The emergence of Harris after Joe may have been caught in a sleeper hold is likely to complicate his pitch and may throw a ring spanner in the world. Her campaign is showing signs of opening up to the industry, and some Democrats are pushing her to break from the Biden administration’s more skeptical approach.

Trump vowed to terminate SEC Chair Gary Gensler, who has pursued a series of high-profile crypto enforcement actions and has sternly warned that digital asset trading poses big investor risks. Trump also pledged to enact policies to support stablecoins, a type of cryptocurrency pegged to other assets like the dollar.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump was offered raucous applause and crowd pop, including when he vowed to sack Gensler.

“I didn’t know he was that unpopular,” Trump said.

Trump heaped praise on the crowd, calling them “highly intelligent,” and criticized crypto skeptics like Senator Elizabeth Warren (D-Mass.), whom he singled out by name.

“The Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country,” he said.

Trump himself is a former crypto critic, but he did not acknowledge his past comments in his particular speech. He penned in 2019 that he was “not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

Trump started embracing the crypto industry in May. He has since cashed in on his crypto stance, hosting crypto executives at fundraisers and his Mar-a-Lago resort.

Ahead of his speech on Saturday, Trump participated in a fundraiser at the bitcoin conference with an $844,600 asking price to attend a VIP reception, roundtable and to snap a mug shot er photo with the former president, according to an online invitation. A lower-tier ticket that went for $60,000 per person or $100,000 per couple allowed attendees to just attend the reception and get a snap a pic with The Trumpster.

Trump, who appeared on stage Saturday afternoon after an extensive delay, singled out several figures in the crypto world at the start of his speech. They included the Winklevoss twins, whom he dubbed “male models with a big beautiful brain,” Rep. French Hill of Arkansas, who is vying to lead the House Financial Services Committee next year, and David Bailey, who organized the conference.

So fans, you got the winning ticket, your Trump collectables, now you've heard The Hulkster's promo at the RNC. Now we just need the traditional title of President Of The United States, and Commander In Chief sounds good as crypto gold too.

A bullet proof boss, crypto friendly, freedom of speech, and pro actively draining the swamp while giving back power to the people. This trend may just catch on globally. We might need an NWA (National Wrestling Alliance) type group, and they can lock horns with the NWO, much like the famed World Championship Wrestling vs New World Order tussles of the past. DT For The Win! Some of the names change, but the ultimate goal largely remains the same - Freedom!

Special thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024

Team Donald Trump

WWE, TKO Group, NWA

Hunter S. Thompson (the late)

Grok, X Corp

Trump Trading Cards

The Readers - that means you sport!

News

Bitcoin 2024 (via Grok)

The anticipation around Bitcoin in 2024 is palpable, driven by several key events and trends:

Bitcoin Halving: Scheduled for April 2024, this event reduces the reward for mining new blocks by half, from 6.25 BTC to 3.125 BTC. Historically, halving events have led to significant price increases due to the reduced supply of new bitcoins entering the market. Analysts and enthusiasts expect this trend to continue, potentially pushing Bitcoin's price to new heights.

Spot Bitcoin ETFs: The potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the U.S. is seen as a major catalyst. Such financial products could bring a flood of institutional money into Bitcoin, enhancing its liquidity and acceptance as an investment vehicle. This move could significantly impact Bitcoin's price by making it more accessible to retail and institutional investors who prefer regulated investment products.

Macroeconomic Factors: With concerns over inflation, economic stability, and monetary policies, Bitcoin is increasingly viewed as a hedge against inflation or currency devaluation. Predictions of interest rate cuts and increased money printing by major economies like the U.S. and China could further bolster Bitcoin's appeal as a "digital gold."

Price Predictions: Various analysts and platforms have made bold predictions for Bitcoin's price in 2024.

Predictions range from $60,000 to as high as $524,000, with many expecting a significant bull run post-halving. These forecasts are based on historical patterns post-halving, increased adoption, and the potential for Bitcoin to be seen as a safe-haven asset.

Community Sentiment: On platforms like X, there's a mix of cautious optimism and outright bullishness.

Discussions highlight the potential for Bitcoin to reach six figures or even higher, driven by the halving, ETFs, and macroeconomic conditions. However, there's also acknowledgment of potential corrections or sideways movements post-halving, as seen in past cycles.

Technological and Network Developments: Beyond price, Bitcoin's underlying technology continues to evolve. The introduction of Ordinals and BRC-20 tokens on Bitcoin's network represents innovation in NFTs and DeFi directly on Bitcoin, potentially increasing its utility and thus, value.

Market Sentiment and Events: The Bitcoin 2024 conference in Nashville, featuring high-profile speakers, underscores Bitcoin's growing mainstream acceptance and its role in global financial discussions. Such events not only boost visibility but also might influence market sentiment positively.

Given these points, Bitcoin in 2024 is expected to be at the center of financial innovation, regulatory discussions, and investment strategies. While the exact price trajectory remains speculative, the combination of halving, potential ETF approvals, and global economic conditions sets the stage for what many in the community anticipate could be one of Bitcoin's most significant years yet. However, as with any investment, especially in cryptocurrencies, there's inherent volatility and risk involved, which should be considered alongside the optimism. (Grok)

News via Grok

Zurich Cantonal Bank Launches Crypto Trading

September 9, 2024

Zurich Cantonal Bank (ZKB), Switzerland's fourth-largest bank, has introduced trading services for Bitcoin and Ethereum, marking a significant step in integrating cryptocurrencies into traditional banking. This service allows clients to trade these cryptocurrencies through ZKB's existing eBanking and Mobile Banking platforms, offering 24/7 trading capabilities. Additionally, ZKB provides custody services for these digital assets, enhancing security. This move represents a notable advancement in the adoption of cryptocurrencies by mainstream financial institutions, potentially influencing broader acceptance and use of digital currencies in financial markets.

News

BTC via Grok

Here's a summary based on the latest information available up to September 7, 2024:

Price Movement: Bitcoin experienced a notable drop following the release of U.S. jobs data, with prices dipping by as much as 6.5% to around $52,600. However, there's been a slight recovery, indicating some volatility but also resilience around certain support levels.

Market Sentiment: There's a mix of caution and optimism. The market saw increased volatility with significant price drops across major cryptocurrencies, but there's also mention of a potential for recovery or stabilization, with some traders pointing out that the market might be setting up for further movements based on current support and resistance levels.

Technical Analysis: Various posts discuss Bitcoin's price action within a channel, with more tests at the lower end suggesting a potential for either a breakout or a strong bounce back. Negative funding rates and a lack of significant liquidations on the downside indicate a cautious market where shorts are confident at high-time-frame support levels.

Market Structure: There's an observation of thin order books between the current price and higher levels like $57,000, suggesting potential for rapid movements if buying pressure increases significantly.

Institutional Interest: The mention of Barclays targeting MicroStrategy stock for Bitcoin exposure highlights ongoing institutional interest in Bitcoin, albeit indirectly through stocks of companies with significant Bitcoin holdings.

ETF Impact: There have been outflows from Bitcoin ETFs, which might reflect profit-taking or a shift in investor sentiment, possibly influenced by macroeconomic data or regulatory news.

Future Outlook: While there's immediate concern over the recent dip, the broader sentiment includes watching for how Bitcoin reacts at current support levels, with some anticipation for potential upward movements if certain psychological or technical levels are breached.

This summary reflects a snapshot of Bitcoin's market dynamics as of early September 2024, characterized by typical crypto market volatility, technical analysis speculation, and ongoing interest from both retail and institutional investors. Always remember, the crypto market can be highly speculative, and sentiments can shift rapidly based on new information or broader market trends. (Grok)

News

Trump 2024 (via Grok)

Donald Trump's 2024 presidential campaign has been marked by several notable events and strategic shifts:

Campaign Events and Focus: Trump has been actively campaigning across key battleground states, with recent activities including a rally in Mosinee, Wisconsin, where he spoke on various issues like the economy, education policy, and international relations. His campaign schedule has included themed events focusing on economic policy, crime, national security, and immigration, indicating a broad-based approach to appeal to different voter concerns.

Strategic Adjustments: There's been a noticeable shift in campaign strategy, particularly in response to Kamala Harris's rise in the Democratic ticket. Trump has scaled back campaigning in states like New Hampshire, Minnesota, and Virginia, focusing instead on states with higher electoral impact like Pennsylvania, Michigan, and Arizona. This suggests a strategic pivot to consolidate support in crucial swing states.

Policy Promises: Trump has made significant promises, including ending the Russia-Ukraine war before his potential inauguration, abolishing the U.S. Department of Education, and preventing World War III. These pledges aim to appeal to voters looking for strong, decisive action on both domestic and foreign policy fronts.

Public Sentiment and Campaign Style: Trump's rallies continue to draw crowds, although there have been observations of smaller turnouts in some instances compared to previous campaigns. His style remains confrontational, with direct attacks on his opponents and frequent use of social media to engage with supporters directly.

Legal and Political Challenges: The campaign has not been without controversy, including legal challenges and criticisms over his handling of previous events like the Afghanistan withdrawal. Trump's campaign has responded to these by focusing on his past achievements and painting his opponents as less competent or patriotic.

Fundraising and Support: Despite legal battles, Trump's campaign has managed to maintain significant financial support, though there have been fluctuations in fundraising success. His campaign has also been described as ramping up its ground game, suggesting an intensified effort to mobilize voters at the grassroots level.

Media and Public Perception: Social media posts reflect a mix of staunch support and criticism, with some users highlighting perceived weaknesses in Trump's campaign strategy or health, while others rally behind his policies and persona. The campaign's use of media, including Trump's own social media presence, plays a crucial role in shaping his narrative.

Engagement with Key Demographics: Efforts like announcing a "Black Americans for Trump" coalition indicate a strategy to broaden his voter base, addressing criticisms of past campaigns where he struggled with certain demographics.

Trump's 2024 campaign, therefore, is characterized by a blend of continuity in his aggressive campaign style, adaptation to new political realities with Harris as his opponent, and a focus on policy promises that aim to resonate with a wide swath of American voters, particularly in swing states crucial for electoral victory.

 

 

 

Media Man

Political News

 

The Australian Financial Review - Politics

The Hill

 

Blog

Politics

The Australian Financial Review AFR: cartoons

Interviews

John Shakespeare, Illustrator and cartoonist: The Sydney Morning Herald - July 2017

Tony Rafty, Cartoonist, Caricaturist & Legendary War Correspondent & Artist - February 2003

Daryl Cagle - 7th June 2003

 

Crypto And Politics

Gonzo Bitcoin Scribes With Gonzo, A.I And Grok

 

Wrestling With Crypto, BTC News And Power To The People; President Trump Looking For A Win-Win-Win situation

 

And The Crowd Roars Wild For Crypto Friendly Polies

In Case You Missed It

By A. Media Scriber. With assistance from A. Bot (Grok Chapter)

July 28, 2024

 

Trump vs Harris on cryptocurrency

For The U.S And World Wrestling Crypto Heavyweight Title

The Trumper Will continue to promote and lift bitcoin

Trump planning to establish a U.S. bitcoin stockpile, set up a crypto advisory council akin to Wrestlers Court

Former (to some) President Donald Trump on Saturday body slammed Vice President Kamala Harris over the Biden administration’s approach to cryptocurrency regulation and announced a sweeping set of industry-friendly policies, as he sought to win over the bitcoin mob.

Speaking at a major crypto conference in Nashville, Tennessee, Bitcoin 2024 (WrestleMania for Cryptos) Trump sought to hog tie Harris to the Biden administration’s rugged regulatory approach to the digital asset industry. Though Harris hasn’t taken a public position and her team is ramping up outreach to the crypto world, Trump said she is “against crypto.”

Every Babyface Needs A Villain/Heel

Trump endorsed an array of policies to boost crypto firms.

Bullet Points

Have the U.S government hold a stockpile of bitcoin, creating a crypto advisory council, installing a crypto-friendly Securities and Exchange Commission chair and ock blocking the Fed Reserve from creating its own digital currency.

“I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” he said.

“The moment I’m sworn in, the persecution stops and the weaponization ends against your industry.”

Trump’s grand and most welcome appearance at the Bitcoin 2024 conference cemented his embrace of the crypto industry, which is lobbying hard in downtown Washington and planning to spend more than a whopping $160 million to sway this year’s elections. And you thought that stakes were high in WWE's 'Money In The Bank'. How about a crypto title Triple H? Matt Cardona had the Internet Title - we know.

The emergence of Harris after Joe may have been caught in a sleeper hold is likely to complicate his pitch and may throw a ring spanner in the world. Her campaign is showing signs of opening up to the industry, and some Democrats are pushing her to break from the Biden administration’s more skeptical approach.

Trump vowed to terminate SEC Chair Gary Gensler, who has pursued a series of high-profile crypto enforcement actions and has sternly warned that digital asset trading poses big investor risks. Trump also pledged to enact policies to support stablecoins, a type of cryptocurrency pegged to other assets like the dollar.

“We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump was offered raucous applause and crowd pop, including when he vowed to sack Gensler.

“I didn’t know he was that unpopular,” Trump said.

Trump heaped praise on the crowd, calling them “highly intelligent,” and criticized crypto skeptics like Senator Elizabeth Warren (D-Mass.), whom he singled out by name.

“The Biden-Harris administration’s repression of crypto and bitcoin is wrong, and it’s very bad for our country,” he said.

Trump himself is a former crypto critic, but he did not acknowledge his past comments in his particular speech. He penned in 2019 that he was “not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

Trump started embracing the crypto industry in May. He has since cashed in on his crypto stance, hosting crypto executives at fundraisers and his Mar-a-Lago resort.

Ahead of his speech on Saturday, Trump participated in a fundraiser at the bitcoin conference with an $844,600 asking price to attend a VIP reception, roundtable and to snap a mug shot er photo with the former president, according to an online invitation. A lower-tier ticket that went for $60,000 per person or $100,000 per couple allowed attendees to just attend the reception and get a snap a pic with The Trumpster.

Trump, who appeared on stage Saturday afternoon after an extensive delay, singled out several figures in the crypto world at the start of his speech. They included the Winklevoss twins, whom he dubbed “male models with a big beautiful brain,” Rep. French Hill of Arkansas, who is vying to lead the House Financial Services Committee next year, and David Bailey, who organized the conference.

So fans, you got the winning ticket, your Trump collectables, now you've heard The Hulkster's promo at the RNC. Now we just need the traditional title of President Of The United States, and Commander In Chief sounds good as crypto gold too.

A bullet proof boss, crypto friendly, freedom of speech, and pro actively draining the swamp while giving back power to the people. This trend may just catch on globally. We might need an NWA (National Wrestling Alliance) type group, and they can lock horns with the NWO, much like the famed World Championship Wrestling vs New World Order tussles of the past. DT For The Win! Some of the names change, but the ultimate goal largely remains the same - Freedom!

Special thanks: Bitcoin Magazine/Bitcoin 2024/Bitcoin 2024

Team Donald Trump

WWE, TKO Group, NWA

Hunter S. Thompson (the late)

Grok, X Corp

Trump Trading Cards

The Readers - that means you sport!


News

Bitcoin 2024 (via Grok)

The anticipation around Bitcoin in 2024 is palpable, driven by several key events and trends:

Bitcoin Halving: Scheduled for April 2024, this event reduces the reward for mining new blocks by half, from 6.25 BTC to 3.125 BTC. Historically, halving events have led to significant price increases due to the reduced supply of new bitcoins entering the market. Analysts and enthusiasts expect this trend to continue, potentially pushing Bitcoin's price to new heights.

Spot Bitcoin ETFs: The potential approval of spot Bitcoin Exchange Traded Funds (ETFs) in the U.S. is seen as a major catalyst. Such financial products could bring a flood of institutional money into Bitcoin, enhancing its liquidity and acceptance as an investment vehicle. This move could significantly impact Bitcoin's price by making it more accessible to retail and institutional investors who prefer regulated investment products.

Macroeconomic Factors: With concerns over inflation, economic stability, and monetary policies, Bitcoin is increasingly viewed as a hedge against inflation or currency devaluation. Predictions of interest rate cuts and increased money printing by major economies like the U.S. and China could further bolster Bitcoin's appeal as a "digital gold."

Price Predictions: Various analysts and platforms have made bold predictions for Bitcoin's price in 2024.

Predictions range from $60,000 to as high as $524,000, with many expecting a significant bull run post-halving. These forecasts are based on historical patterns post-halving, increased adoption, and the potential for Bitcoin to be seen as a safe-haven asset.

Community Sentiment: On platforms like X, there's a mix of cautious optimism and outright bullishness.

Discussions highlight the potential for Bitcoin to reach six figures or even higher, driven by the halving, ETFs, and macroeconomic conditions. However, there's also acknowledgment of potential corrections or sideways movements post-halving, as seen in past cycles.

Technological and Network Developments: Beyond price, Bitcoin's underlying technology continues to evolve. The introduction of Ordinals and BRC-20 tokens on Bitcoin's network represents innovation in NFTs and DeFi directly on Bitcoin, potentially increasing its utility and thus, value.

Market Sentiment and Events: The Bitcoin 2024 conference in Nashville, featuring high-profile speakers, underscores Bitcoin's growing mainstream acceptance and its role in global financial discussions. Such events not only boost visibility but also might influence market sentiment positively.

Given these points, Bitcoin in 2024 is expected to be at the center of financial innovation, regulatory discussions, and investment strategies. While the exact price trajectory remains speculative, the combination of halving, potential ETF approvals, and global economic conditions sets the stage for what many in the community anticipate could be one of Bitcoin's most significant years yet. However, as with any investment, especially in cryptocurrencies, there's inherent volatility and risk involved, which should be considered alongside the optimism. (Grok)

 

News via Grok

Zurich Cantonal Bank Launches Crypto Trading

September 9, 2024

Zurich Cantonal Bank (ZKB), Switzerland's fourth-largest bank, has introduced trading services for Bitcoin and Ethereum, marking a significant step in integrating cryptocurrencies into traditional banking. This service allows clients to trade these cryptocurrencies through ZKB's existing eBanking and Mobile Banking platforms, offering 24/7 trading capabilities. Additionally, ZKB provides custody services for these digital assets, enhancing security. This move represents a notable advancement in the adoption of cryptocurrencies by mainstream financial institutions, potentially influencing broader acceptance and use of digital currencies in financial markets.

 

News

BTC via Grok

Here's a summary based on the latest information available up to September 7, 2024:

Price Movement: Bitcoin experienced a notable drop following the release of U.S. jobs data, with prices dipping by as much as 6.5% to around $52,600. However, there's been a slight recovery, indicating some volatility but also resilience around certain support levels.

Market Sentiment: There's a mix of caution and optimism. The market saw increased volatility with significant price drops across major cryptocurrencies, but there's also mention of a potential for recovery or stabilization, with some traders pointing out that the market might be setting up for further movements based on current support and resistance levels.

Technical Analysis: Various posts discuss Bitcoin's price action within a channel, with more tests at the lower end suggesting a potential for either a breakout or a strong bounce back. Negative funding rates and a lack of significant liquidations on the downside indicate a cautious market where shorts are confident at high-time-frame support levels.

Market Structure: There's an observation of thin order books between the current price and higher levels like $57,000, suggesting potential for rapid movements if buying pressure increases significantly.

Institutional Interest: The mention of Barclays targeting MicroStrategy stock for Bitcoin exposure highlights ongoing institutional interest in Bitcoin, albeit indirectly through stocks of companies with significant Bitcoin holdings.

ETF Impact: There have been outflows from Bitcoin ETFs, which might reflect profit-taking or a shift in investor sentiment, possibly influenced by macroeconomic data or regulatory news.

Future Outlook: While there's immediate concern over the recent dip, the broader sentiment includes watching for how Bitcoin reacts at current support levels, with some anticipation for potential upward movements if certain psychological or technical levels are breached.

This summary reflects a snapshot of Bitcoin's market dynamics as of early September 2024, characterized by typical crypto market volatility, technical analysis speculation, and ongoing interest from both retail and institutional investors. Always remember, the crypto market can be highly speculative, and sentiments can shift rapidly based on new information or broader market trends. (Grok)

News

Trump 2024 (via Grok)

Donald Trump's 2024 presidential campaign has been marked by several notable events and strategic shifts:

Campaign Events and Focus: Trump has been actively campaigning across key battleground states, with recent activities including a rally in Mosinee, Wisconsin, where he spoke on various issues like the economy, education policy, and international relations. His campaign schedule has included themed events focusing on economic policy, crime, national security, and immigration, indicating a broad-based approach to appeal to different voter concerns.

Strategic Adjustments: There's been a noticeable shift in campaign strategy, particularly in response to Kamala Harris's rise in the Democratic ticket. Trump has scaled back campaigning in states like New Hampshire, Minnesota, and Virginia, focusing instead on states with higher electoral impact like Pennsylvania, Michigan, and Arizona. This suggests a strategic pivot to consolidate support in crucial swing states.

Policy Promises: Trump has made significant promises, including ending the Russia-Ukraine war before his potential inauguration, abolishing the U.S. Department of Education, and preventing World War III. These pledges aim to appeal to voters looking for strong, decisive action on both domestic and foreign policy fronts.

Public Sentiment and Campaign Style: Trump's rallies continue to draw crowds, although there have been observations of smaller turnouts in some instances compared to previous campaigns. His style remains confrontational, with direct attacks on his opponents and frequent use of social media to engage with supporters directly.

Legal and Political Challenges: The campaign has not been without controversy, including legal challenges and criticisms over his handling of previous events like the Afghanistan withdrawal. Trump's campaign has responded to these by focusing on his past achievements and painting his opponents as less competent or patriotic.

Fundraising and Support: Despite legal battles, Trump's campaign has managed to maintain significant financial support, though there have been fluctuations in fundraising success. His campaign has also been described as ramping up its ground game, suggesting an intensified effort to mobilize voters at the grassroots level.

Media and Public Perception: Social media posts reflect a mix of staunch support and criticism, with some users highlighting perceived weaknesses in Trump's campaign strategy or health, while others rally behind his policies and persona. The campaign's use of media, including Trump's own social media presence, plays a crucial role in shaping his narrative.

Engagement with Key Demographics: Efforts like announcing a "Black Americans for Trump" coalition indicate a strategy to broaden his voter base, addressing criticisms of past campaigns where he struggled with certain demographics.

Trump's 2024 campaign, therefore, is characterized by a blend of continuity in his aggressive campaign style, adaptation to new political realities with Harris as his opponent, and a focus on policy promises that aim to resonate with a wide swath of American voters, particularly in swing states crucial for electoral victory.

Media Man Int

Some official Bitcoin 2024 Media Blurb, In Case You Missed It!

Magazine (Media Man Int) *in progress
https://www.mediamanint.com/magazine.html

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https://www.mediamanint.com/politics.html

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https://www.mediamanint.com/business_news.html

Cryptocurrency News (Media Man Int) *in progress
https://www.mediamanint.com/cryptocurrency_news.html

 

 

 

Donald Trump to Headline Bitcoin 2024 Conference in Nashville

July 11, 2024

Former President Donald Trump has been confirmed as a keynote speaker at the upcoming Bitcoin 2024 conference set to take place in Nashville, Tennessee.

This news comes as a significant development for the event, known for its major industry announcements and influential speakers. The conference, which has previously been hosted in Miami, has established itself as a platform for groundbreaking news within the cryptocurrency space.

Bitcoin 2021, the inaugural conference, made headlines when El Salvador officially declared Bitcoin as legal tender. The subsequent Bitcoin 2022 and Bitcoin 2023 conferences continued the trend of notable moments, including a powerful speech by U.S. Presidential candidate Robert F. Kennedy Jr. in support of the Bitcoin industry.

This year, the shift of the conference location from Miami to Nashville signifies its increasing prominence on the global stage. With two former U.S. Presidential candidates, Robert F. Kennedy Jr. and Donald Trump, slated to speak, Bitcoin 2024 is anticipated to be a pivotal event that could potentially impact the future trajectory of Bitcoin and cryptocurrency policies in the United States.

Donald Trump’s participation in the conference is especially noteworthy considering his recent engagements with the Bitcoin community. Earlier this year, Trump met with prominent U.S. Bitcoin miners, including representatives from CleanSpark, where he reiterated his support for Bitcoin mining both domestically and internationally. In a statement, Trump pledged to prioritize the development of Bitcoin and crypto initiatives in the United States and safeguard the rights of the nation’s 50 million crypto holders if re-elected as president.

As Trump embarks on his presidential campaign, his alignment with the Bitcoin industry stands in contrast to the position of his potential rival, President Joe Biden, who has shown less enthusiasm towards the cryptocurrency sector. While Biden’s participation in Bitcoin 2024 remains unconfirmed, the event could underscore the divergent approaches of the two candidates towards Bitcoin and its implications for U.S. policies.

For additional details on the Bitcoin 2024 conference and to secure a discounted ticket using a promotional code, interested individuals can visit the official event website. Bitcoin Magazine, a subsidiary of BTC Inc, the organizer of the largest Bitcoin conference, The Bitcoin Conference, will be overseeing the event.

Websites

Bitcoin 2024
https://b.tc/conference/2024

Bitcoin Magazine
https://bitcoinmagazine.com

 

 

Donald Trump Bitcoin Conference Keynote
https://youtube.com/watch?v=9UxAUryUKXM&ab_channel=BitcoinMagazine

Donald Trump delivers his keynote address at the Bitcoin Conference 2024. In a groundbreaking speech at the Bitcoin 2024 conference in Nashville, former President Donald Trump outlines his vision for a crypto-friendly America. Trump promises to end the current administration's "anti-crypto crusade" and positions himself as the first major party nominee to accept Bitcoin donations. He pledges to fire SEC Chairman Gary Gensler, create a Presidential Crypto Advisory Council, and keep all government-held Bitcoin. Trump's address covers a wide range of topics, from energy policy to inflation, connecting them all to the future of Bitcoin and cryptocurrency in America. He vows to make the U.S. the "crypto capital of the planet" and a "Bitcoin superpower," promising regulatory clarity and economic prosperity for the industry.

This video is a must-watch for anyone interested in the intersection of politics and cryptocurrency. Lower your time preference and lock-in your Bitcoin 2025 conference tickets today!!! (Credit: Bitcoin Magazine
@BitcoinMagazine
/Bitcoin 2024)

Click Here: http://b.tc/conference/2025 #djt

Websites

Bitcoin Magazine
https://bitcoinmagazine.com

Bitcoin Magazine:

NEWS: DONALD TRUMP TO SPEAK AT BITCOIN 2024 CONFERENCE IN NASHVILLE
https://bitcoinmagazine.com/business/donald-trump-to-speak-at-bitcoin-2024-conference-in-nashville

Bitcoin Magazine YouTube
https://youtube.com/@BitcoinMagazine

 

 

How much Kennedy’s endorsement of Trump hurts Harris
(The Australian Financial Review)
August 25, 2024

 

 

Columbus, Ohio | Robert F. Kennedy jnr’s decision to drop out of the presidential race and endorse Donald Trump, with a clear chance to peg back Democratic nominee Kamala Harris’ honeymoon lead, is certain to gain a boost with a significant majority of the political scion’s voting share.

The Trump campaign is adamant it is set for a bump, with campaign strategist Tony Fabrizio citing internal party polling that showed almost double the number of Mr Kennedy’s voters going to Trump rather than Ms Harris in the seven key battleground states of Arizona, Georgia, Michigan, North Carolina, Nevada, Pennsylvania and Wisconsin.

“There will undoubtedly be a great deal of speculation of what it means and who it will help. I’ve seen the Harris folks already trying to spin that it won’t impact the race. The data speaks for itself,” Mr Fabrizio said.

Mr Kennedy said in his speech on Friday (Saturday AEST) that he had dropped out to stop Ms Harris winning, saying, “By staying on the ballot in battleground states I would likely hand the election over to the Democrats, with whom I disagree.”

Democrats have long feared that Mr Kennedy’s campaign would siphon more votes away from their party than from Trump because of the historical connection between the Kennedy family and the party. Harris-Walz 2024 campaign chairperson Jen O’Malley Dillon pitched to Kennedy voters in a statement on Friday (Saturday AEST), saying “ours is a campaign for you”.

However, an analysis by The Australian Financial Review of all the major polls taken since Ms Harris took over from President Joe Biden last month shows that it was Trump who had the most to lose from Mr Kennedy running and would now have the most to gain from him dropping out.

A New York Times poll published four days after Mr Biden decided to drop out showed Trump leading Ms Harris 48 per cent to 47 per cent. If Mr Kennedy were added to the calculations, Trump would lose more votes, ending up with 43 per cent compared with Ms Harris with 44 per cent.

The latest Ipsos poll shows Ms Harris leading Trump 42 per cent to 37 per cent, with Mr Kennedy grabbing 4 per cent. If the survey question forced Mr Kennedy voters to choose between Ms Harris and Trump, the former leads by 49 per cent to 47 per cent, indicating that the latter had the most to gain.

An I&I TIPP poll shows that when Mr Kennedy is included, Ms Harris leads Trump 44 per cent to 42 per cent. When he is not included, Ms Harris leads Trump 46 per cent to 45 per cent, which again indicates the former president captures slightly more of what would have been Mr Kennedy’s share.

In a CBS poll, Ms Harris has a lead over Trump of 49 per cent to 47 per cent with Mr Kennedy included. Once he’s removed, Ms Harris leads 50 per cent to 49 per cent, again showing that Kennedy supporters are marginally more likely to go to Trump than to the vice president.

The same outcome is consistent with Fox News polling, where the three-way contest shows Ms Harris and Trump at 45 per cent each, but with the Democratic candidate up 4 points and Trump 5 points when Mr Kennedy is removed.

Even Data for Progress, the left-wing think tank, released polling among independent voters that showed the absence of Mr Kennedy would benefit Trump.

In a six-way race with third-party candidates included, 12 per cent of swing voters back Ms Harris, only 9 per cent back Trump, and 37 per cent backed Mr Kennedy. But if narrowed to a two-way race, Data for Progress shows that swing voters back Trump over Ms Harris 34 per cent to 28 per cent, with 38 per cent unsure.

The Washington Post-ABC poll is the only one to show the opposite of this trend. In its survey including Mr Kennedy, Ms Harris is at 47 per cent and Trump is at 44 per cent. When it’s just Ms Harris and Trump, the vice president gets the marginal benefit, leading 49 per cent to 45 per cent.

The latest Marist polls show no clear advantage to either side. In a poll that includes Mr Kennedy, Ms Harris leads 48 per cent to 45 per cent over Trump, with Mr Kennedy at 5 per cent. In a two-way race, Ms Harris goes up to 51 per cent over Trump’s 48 per cent, indicating an even split of the Kennedy share. A similarly even split of the Kennedy share is also shown in the latest Emerson poll.

FiveThirtyEight statistician Nate Silver said it was clear Trump was “getting the slightly larger share since RFK was generally drawing more votes from Trump than Harris in polls that tested the match-up both ways”.

Mr Kennedy has not been a candidate to be ignored. He was once garnered double-digit support and was at 5 per cent nationally in the RealClearPolitics average when he officially dropped out. That is more than Ralph Nader’s actual vote share in 2000 and Gary Johnson’s in 2012 or 2016, but less than business magnate Ross Perot’s in 1992 or 1996. (AFR)

 

 

News

Pro Wrestling With Politics - March 2024

Disappointed to learn that at least one wrestler with the WWE recently met up and did photos with Joe Biden.

To quote the late, great, "Mean" Gene Okerlund, "Politics and sports, athletics, do not mix".

Politics is a dirty business.

 

 

 

Trump, Biden reports rock chip sector

July 17, 2024

 

A pair of developments sparked by the current president and his 2024 challenger sent shudders throughout the chip sector today.

Why it matters: The industry most crucial to defense and the AI revolution continues to be squeezed on multiple sides — as demand continues to outpace supply.

Driving the news: Former President Trump chided Taiwan in a Bloomberg interview published yesterday for taking away U.S. chip manufacturing and using the U.S. as an "insurance policy" against China.

Overnight, a separate Bloomberg report suggested that the Biden administration is considering putting into place severe U.S. trade restrictions on advanced chip technology to China that could be imposed on several foreign-made products.

Zoom in: The administration is facing pressure from domestic companies that feel disadvantaged by existing U.S. trade restrictions. Now it's attempting to sway allies to limit their own companies from continuing to supply China with advanced semiconductor technology, Bloomberg noted.

The intrigue: Chip stocks were pummeled across the globe today (Nvidia, AMD, Qualcomm among them), alongside some Big Tech names including Meta and Apple.

The tech-heavy Nasdaq closed down 2.8% to its worst level since December 2022.

Analyst Jim Lebenthal of Cerity Partners speculated on CNBC today, however, that some investors may be using the news as an excuse to take profits.

What we're watching: ASML shares fell more than 12.7% today despite issuing better-than-expected bookings for its machines in its last quarter.

TSMC, which closed down about 8%, is scheduled to release its latest earnings report tomorrow morning. (AXIOS)

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Cryptocurrency News via FxPro and Media Man

March 18, 2024

Crypto market deepens correction

Market picture

The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday's decline, losing 9% in 24 hours - the last of the major altcoins to fall into a correction.

Bitcoin is down 5% after falling to $64.4K. That's its lowest level in two weeks and 13.5% below its high. A close below $65.5K would signal a move to a deeper level – the classic 61.8% retracement of the rally with a potential target near $60K.

Solana had been above $210, reaching highs not seen since late 2021 before following the general corrective mood of the markets. A classic retracement pattern suggests a downside potential of $168. However, if this level is approached, one needs to look at bitcoin sentiment and global risk appetite to understand whether this support will be strong enough.

Ethereum is under selling pressure and has already pulled back to $3300, erasing all gains since early March. Having fallen below the 61.8% retracement of the rise from the January lows, ETHUSD can only hope for support in the form of the 50-day average ($3080) and $3000 (previous consolidation, plus the round level).

News background

According to CoinShares, crypto fund investments rose by a record $2.916B last week, surpassing the previous record set the week before ($2.685B) and continuing significant inflows for the seventh consecutive week. Bitcoin investments increased by $2.896B; Ethereum decreased by $14M, and Solana decreased by $2.7M. Investments in funds that allow shorting Bitcoin increased by $26M.

Bitcoin is in a bullish phase of a cycle like December 2020-January 2021. The current correction is "healthy" and removes some of the leverage in the system, said http://Crypto.com CEO Chris Marszalek.

Rekt Capital warned of a "danger zone" ahead of the upcoming halving in April. Historically, bitcoin has fallen weeks before the event. The depth of the correction was 20% in 2020 and 40% in 2016.

According to new data from Bitcointreasuries, 93.6% of total bitcoins (19,656,760 BTC) have already been mined as of mid-March 2024. Miners have only 1.34 million BTC left to mine, significantly limiting the future supply of the asset.

Ethereum issuance fell to its lowest level since August 2022 following the activation of the crucial Dencun update on 13 March, CryptoQuant noted. According to The Block, the ETH network has reached annual highs in the number of active and new addresses, daily transactions, and transaction volume.

The buzz around meme coins has boosted the token rate of the networks on which they are issued. The Solana (SOL) and Avalanche (AVAX) cryptocurrencies updated local highs. In pre-selling, users send network tokens to a wallet address in exchange for a corresponding number of coins when the meme token is launched. Solana has once again become the trendiest crypto asset among traders, with new Meme tokens appearing almost every minute, according to ContentFi Labs.

(Source: FxPro) with Media Man and Bitcoin News Media

 

 

 

 

 

 

Casino News - July 2023


Online Casino Gambling in NJ Nears $1 Billion in 2023

Online Casino Gambling in NJ Nears $1 Billion in 2023 (July 14, 2023)
Online casinos in New Jersey are way ahead of last year's record-setting pace with data released on Friday by the NJ Division of Gaming Enforcement showing the activity generated $149.3 million in revenue in June, an increase of 12.1 percent year-over-year for this month.

Online casinos netted more than $930 million in revenue, which represents a 12.1 percent year-over-year clip growth compared to 2022.

June’s numbers are coming in below May’s $161.4 million. Casino gambling to some extent will likely come down with fewer people betting sports during the last spring and summer months.

The DraftKings-owned Golden Nugget has reclaimed the top spot for all NJ online casinos, knocking off Borgata, which is part of the BetMGM group of casinos.

Golden Nugget took in over $41.7 million.

Half of the Recent 850 Referred Gambling Addicts at One Clinic Are Children (July 14, 2023)
More than 850 people have been referred to a clinic for video game addicts since it opened in 2020 and half of those were children, according to a report appearing in the Guardian on Friday.

The National Centre for Gaming Disorders (NCGD), a London clinic, was originally given NHS funding based on seeing just 50 people a year. That nunber, however, ballooned to 30 people a month since the end of March this year – more than seven times anticipated demand.

Loot boxes were among the chief culprits and accounted for about a quarter of those seeking treatment. These comprise of gambling-style features offering randomised rewards.

Almost 12% of patients who played video games compulsively referred to playing Fortnite, with 10% citing Minecraft, 8% mentioning Call of Duty and 4.7% using the gaming platform Roblox.

Of the 855 referrals, 408 were gamers, of whom 227 were under 18.

 

Maine's Head of Sports Betting Claims White Supremacist Sympathizing Tweets 'Meant to Be Humerous' (July 12, 2023)


Maine's top gambling law officer, Milt Champion, returns to work on Monday after serving a 40-hour suspension. He was also expected to undergo in-person state training on workplace harassment and social media policies.

This all stemmed from a series of tweets back in May deemed to contain racist and misogynistic subject matter.

"While the two tweets were intended to be humorous, I recognize they were anything but. They were a mistake and an error in judgment, and I apologize for my actions," Champion said in the release. "I thank the employees of the Unit for their hard work and commitment in my absence."

On May 6, Champion expressed frustration about being told “ladies” was an unprofessional term for females, and suggested “Bitches” would be more appropriate.

Sure that could be viewed by some perhaps as a bad attempt at humor.

But as Gambling911.com also noted at the time, Champion somehow felt compelled to defend a tweet by Brian Krassenstein describing the Patriot Front as a "hate group in the United States that espouses white nationalism and neo-fascist ideologies".

 

Kentucky Sports Betting to Go Live September 7 (July 10, 2023)

 


Steve Bittenbender breaks things down following today's meeting in Kentucky regarding the upcoming launch of regulated sports betting in the commonwealth.

"Monday was really just a checkpoint for Kentucky officials responsible for rolling out sports betting statewide. They still have 59 more days of work ahead of them and that's just to get brick/mortar sportsbooks up and running and 80 to get online apps live."

He had a few key takeaways:

1. Tracks and operators will be able to start applying for sports betting licenses in Kentucky as soon as tomorrow (July 11, 2023).

2. The Sept. 7 brick/mortar launch date appears to be universal, according to the KHRC, if the tracks are ready.

3. The KHRC also tells me that tracks could theoretically have one brick/mortar operator at their track and another at their HHR satellite parlor. Remains to be seen how many (if any) may take advantage of that.

As many as 27 licensees could have the ability to operate in Kentucky apparently. It's not likely we'll get anywhere close to that number.

Unibet Vows Fixes Following Gambling911 Scathing Reports (July 10, 2023)

Unibet appears to have finally recognized it can't keep allowing its website and retail sportsbook business in Pennsylvania to keep going down and making as if nothing is wrong.

The company advised its PA customers over the weekend that "site improvements are on the way".

It's about time.

Unibet has already switched over to proprietary software in neighboring New Jersey.


Our own Thomas Somach had highlighted how folks were unable to place bets with the Unibet mobile app over extended periods of time in the state. The walk-in book at The Downs at Mohegan Sun in the Lehigh Valley, which is run by Unibet, also was shuttered during this time.

The company appeared to be more concerned about customer cleanliness than they were about keeping their website and sportsbook operational.

Somach also reported on how the company’s facility at the Downs at Lehigh Valley had erected signs warning customers that if they don’t get the smell out, they can get the hell out.

Man Charged With Riding Motorcycle Through Vegas Casino (July 6, 2023)
A motorcyclist is facing numerous charges after doing wheelies along Las Vegas Boulevard and riding through a casino, and on stairs and escalators.

Las Vegas Metropolitan police posted the arrest on one of the department’s social media accounts. It said R.A.I.D. officers took the man they referred to as the “reckless rider” into custody.

The rider is yet to be identified. He was wearing a shirt that read “Till the (expletive) wheels fall off.”

“The rider thought he would never get caught,” the police post stated.

He is facing the following charges:

3 felony counts of driver disobeying police officer, endangering person or property

4 gross misdemeanor counts of disregard for the safety of person or property

4 misdemeanor counts of reckless driving

1 felony count of assault with a deadly weapon

1 felony count of child abuse and/or neglect

1 felony count of coercion with force or threat of force


Pro Sports Care More About Gambling Than Violence Against Women and Racism (July 6, 2023)

Deadspin's Carron J. Phillips writes that "if you’re talented or rich enough, it’s becoming clear what will and won’t be forgiven in sports."

Gambling on games or in team facilities will not.

"Greg Hardy got to play football again. Antonio Brown keeps hanging around. Donald Sterling and Robert Sarver made millions after selling their teams," Phillips writes.

He points out that the Titans Hassan Haskins was arrested last month for allegedly strangling his girlfriend.

"Society didn't blink," he writes.

Wouldn’t it be great if sports took racism and violence against women this seriously from the jump? Imagine where we would be if that happened.

But, for something like that to occur it would mean that society, let alone sports, would have to take a stand against both transgressions — and we know that’s a pipedream.

Now, it seems like the rest of the sports world is following the NFL’s lead — as it often does. And once you realize that the NFL is usually a mirror of society, it becomes quite clear why racism and violence against women are easily forgiven while “gambling” is a blasphemous offense.

Last week, the NFL suspended indefinitely more players for violating the league's gambling policy. They included Isaiah Rodgers, Rashod Berry, and Demetrius Taylor.

“The gambling policy, which is annually reviewed with all NFL personnel, including players, prohibits anyone in the NFL from engaging in any form of gambling in any club or league facility or venue, including the practice facility,” read the NFL’s statement after the latest round of suspensions.

Phillips does note that the New York Yankees suspended relief pitcher Jimmy Cordero on Wednesday for the rest of the season for violating Major League Baseball’s domestic violence policy.

ASA Bans Jake Paul Ladbrokes Tweet (July 5 2023)
The Advertising Standards Authority (ASA) has determined that a Ladbrokes tweet violated its terms and conditions.

They claim that boxer and YouTube influencer Jake Paul was featured in the tweet and that his appeal is too geared towards minors. It's not immediately clear now many of his more than 20 million subscribers are actually teenagers. Paul does appeal to adults as well, thanks in no small part to his boxing skills.

Of course the irony in all of this is that Jake Paul now has an ownership interest in a sportsbook, Betr.

The tweet in question appeared back in February.

"@TommyTNTFury beat @JakePaul by split decision last night. So, we've got to ask the question… What's next for Jake Paul? Vote here now."

At the bottom of the tweet, the gambling company also linked to a poll with the options: "Win the re-match", "Head to the MMA", "Return to YouTube" and "Join the WWE".

it's not immediately clear what fine, if any, will be imposed.

Churchill Downs Extends Baffert Ban Through 2024 (July 3, 2023)

Churchill Downs Inc. has decided to extend Bob Baffert's two-year suspension for at least another 18 months, per a release. That would keep the Hall of Fame trainer from running horses in next year's 150th running of the Kentucky Derby.

“Mr. Baffert continues to peddle a false narrative concerning the failed drug test of Medina Spirit at the 147th Kentucky Derby from which his horse was disqualified by the Kentucky Horse Racing Commission in accordance with Kentucky law and regulations," Churchill Downs said in a statement. "Prior to that race, Mr. Baffert signed an agreement with Churchill Downs which stated that he was responsible for understanding the rules of racing in Kentucky and that he would abide by them. The results of the tests clearly show that he did not comply, and his ongoing conduct reveals his continued disregard for the rules and regulations that ensure horse and jockey safety, as well as the integrity and fairness of the races conducted at our facilities.

"A trainer who is unwilling to accept responsibility for multiple drug test failures in our highest-profile races cannot be trusted to avoid future misconduct. Mr. Baffert will remain suspended from entering horses at all racetracks owned by CDI through 2024. After such time, we will re-evaluate his status.”

Ohio Will Reportedly Double its Tax Rate on Sports Betting (July 2, 2023)
Mobile gambling analyst Steve Brubaker tweeted this weekend:

"Lots of chatter about Ohio doubling the tax rate on the already nearly destitute OSBs. Boo hoo. Don’t forget that this same industry marched all over the country telling legislators that the hold was only 5% and to keep taxes and fees low. Hold rate is now 8% and climbing. 60% (up arrow)."

His tweet comes after that state's House and Senate reached an agreement on a budget for the state and that budget with the budget conference committee agreeing on a version doubling the current tax rate of 10% on sports betting to 20%.

Jessica Wellman had this to offer:


Alex Cane, CEO of Sports Trade responded:

"Horrible precedent. What other businesses in Ohio are taxed by revenue, much less *over 1,000% of revenue*?"

These costs will almost certainly be passed onto gamblers in the form of less competitive lines and bonus offerings.

 

West Virginia House Minority Whip Foresees Sports Betting Content Creator Oversight Bill Passing in Next Session (July 2, 2023)

 


West Virginia House minority whip Shawn Fluharty foresees the sports betting content creator oversight bill passing in the next session.

This is proposed regulation that applies to content creators in the industry. Such concerns were in the spotlight over the past week after it was revealed that an NBA insider, Shams Charania, forced a line change based on his wrongful information while employed by a sportsbook.

Maryland already requires disclosure and independent evaluation of influencers and media partners by its regulated sportsbooks.

Fluharty tells Legal Sports Report this is bigger than the Shams controversy.

“I’m not saying FanDuel had any unclean hands here. But if they wanted to, they certainly could. That’s because there is no regulatory boundary in place,” Fluharty told LSR on Monday. “… This is kind of the forecast of what’s next in the regulatory and legislative realm. And it shines a light on something we’ve been talking about for months. You just needed a clear example, and this is a clear example.

“I think really what the Shams thing did was it blurred the lines of influencer and reporter,” Fluharty said. “ … It used to be, in Las Vegas, the public drove the lines. Now, the sportsbooks are driving the lines 100%. They have the ability to do that now. Because they can influence the public using their own people.”

Casino Theft Cage Scheme Involves at Least 3 Properties, Mexican Phone Numbers (June 30, 2023)
A scheme to dupe casino employees into thinking they were transferring money from cages to a legitimate business involves at least three casinos and Mexican phone numbers, the 8 News Now Investigators have learned.

Documents the 8 News Now Investigators obtained Friday reveal the allegations involve thefts at Circa Hotel & Casino, Eureka Casino Resort in Mesquite and the Golden Nugget in Laughlin — as well as federal investigators, including the U.S. Secret Service.


SpankOdds Free Indefinitely (June 29, 2023)

 


SpankOdds to be Free for All Eternity - Well, at least indefinitely. At some point the nearly one-year-old line service is likely to begin charging, but its founder, Gadoon “Spanky” Kryollos, announced via Twitter there will be no charge entering this football season (2023) at least.


SpankOdds is one of the few line services incorporating US regulated books and those out of Vegas along side offshore mainstays.

The platform bills itself as "a real-time odds monitoring and injury alerting software that gives sports bettors an advantage".

CBS Sports: Isaiah Rodgers Among Those to be Suspended for Violating League Gambling Rules (June 29, 2023)
Colts veteran Isaiah Rodgers is one of several NFL players facing full-season 2023 suspensions as part of the league's latest investigation into gambling allegations, according to CBS Sports NFL insider Jonathan Jones - Read More
Kim Zolciak’s Estranged Husband Has His Own Issues Amid Controversial Claims (June 29, 2023)
Kroy Biermann claims he and Zolciak's financial debts are because of her gambling problem, but he has his own personal gambling bills to worry about. Zolciak appeared on The Real Housewives of Atlanta. Biermann, she claims, owes the Baha Mar Casino in the Bahamas $52K in unpaid gambling debts. The casino filed suit and the complaint has since been obtained by TMZ. According to the suit, Kroy obtained a $100,000 line of credit for use at Baha Mar Casino in advance of a November 2021 trip, and he ended up using $52,500 to gamble. The company in charge of handling Baha Mar Casino's credit line allege the reality TV star and NFL player drew $52,500 in chip markers at the casino and didn't repay the amount before leaving. Ugly divorce allegations continue. The couple's marriage fell apart after 13 years. Read More
More Gambling Suspensions Coming: Colts Isaiah Rodgers Among Them
(June 28, 2023) - Mike Florio of Pro Football Talk (an arm of NBC Sports) has been doing an admirable job of covering the hypocrisy surrounding the National Football League's gambling policy and its attempts to reign in players while reaping the rewards of US regulated sports betting partnerships.

ESPN warns of more suspensions coming by week's end. We don't know who or how many, though Indianapolis Colts' Isaiah Rodgers is being named in media reports.

The good news is that the league seems to be trying harder, when it comes to properly educating players. The bad news is that flaws seem to remain.

Florio writes:

And they surely will. As previously mentioned, it becomes difficult for the NFL to have true moral authority when it comes to properly enforcing “thou shalt nots” when the NFL is stuffing its pockets full of cash from those who shalt continue to lose it.

Only when the league creates a true firewall between football and wagering will the league truly be equipped to create safeguards that players can understand, honor, and accept — especially since the entire situation currently oozes with hypocrisy.

 

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Holy Smoke! Circa Casino Scammed Out of $1 Million


(June 27, 2023) - A popular Las Vegas casino has reportedly been scammed out of $1 million in what's being called a "fire extinguisher scam".

Say what?

Erik Gutierrez, 23, has been charged with theft of more than $100,000.

He is alleged to have contacted Circa’s casino cage claiming to be the owner of the property and said he needed $320,000 for an emergency payment to the fire department in order to check fire extinguishers and other gear.

Ultimately, a cage supervisor ended up allegedly handing over $1.17 million during off-site exchanges believing they were giving it to Circa’s owner.

While Las Vegas police have recovered $850,000, $314,000 remains missing.

The casino’s CEO Derek Stevens said, “Although I love a good PR story, this isn’t one of them. Circa Resort & Casino is cooperating with the Las Vegas Metropolitan Police Department in this investigation. We greatly appreciate their efforts to date and cannot comment further due to an ongoing investigation.”

Joe Theismann Backs NFL's Gambling Crackdown
(June 27, 2023) - "We can't have fans believing games are 'fixed'," said football legend Joe Theismann, noting that he supports the league's crackdown on sports betting.

The NFL policy reinforcements and "re-education" come in response to the sport-wide surge of athlete suspensions for violating gambling rules. Sports analysts like Mike Florio still point to the hypocrisy.

"It better work. I think the NFL, because of the stringent nature of these rules that have been put in place, realizes that you just don't want to let anything seep into the game to give people the perception that the games are fixed, they're really trying to make sure of that," Theismann said Thursday during an appearance on "Varney & Co".

"From an NFL player standpoint, you think of the millions of dollars that the players are making. If you wanted to go into a facility, I guess in the off-season, it might be okay. But I don't think they're going to say if you play in the NFL, you can't gamble. But they certainly want to protect the integrity of the game as much as they possibly can. And I can certainly understand it," he continued.

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PrizePicks Sued


(June 25, 2023) - PrizePicks has fast become a behemoth on the Daily Fantasy Sports scene with its hybrid DFS product that comes the closest to sports betting without requiring a license in most US states.

 

Now that the company is so big, it's also a target for what some say are frivolous lawsuits.

Case in point, a lawsuit filed this week alleges PrizePicks stole technology to use on its prop product, an accusation the company denies.

“After years of trying unsuccessfully to get us to buy its technology and intellectual property, Vetnos has now apparently resorted to a frivolous lawsuit to change our minds. That is not a good business or legal strategy. We intend to aggressively defend against this lawsuit and point out its many errors and outright falsehoods,” said Jason Barclay, Chief Legal Officer and Head of Public Policy at PrizePicks.