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Man Watercooler With Fx, X And A.I
Crypto
market rebounds but faces uncertain growth
February
4/5, 2025
Market
picture
The
cryptocurrency market has added 3.3% in the last 24
hours. The violent recovery from Monday’s kick-off
crash has been losing traction for the past few hours.
It seems that while the market has not gone into all-out
sell-off mode, a reason for sustained buying is hard
to find as threats of surprise tariffs persist.
The
sentiment index jumped to 72 after diving to 44. This
is a quick return to the norm of recent weeks after
a sharp fall on Monday.
Bitcoin
went from $98K to $91K on Monday, then reversed to
$102K (Saturday’s level), where again, the sellers
took the lead. The departure above the 50-day moving
average was an important psychological victory for
the bulls, but the fight for it continues.
Ethereum
is trading near $2700, having fallen under its 200-day
moving average and entering the consolidation area
from August to October last year. We often view Ethereum
as the ‘canary’ of the crypto market, and
it’s not feeling great. News Background
According to CoinGlass, the massive price drop resulted
in the largest liquidation in the history of the crypto
market - about $2.27bn. ByBit estimates the figure
to be significantly higher - at least $8bn. On that
exchange alone, daily liquidations reached $2.1bn.
According
to CoinShares, global investments in crypto funds
last week totalled $527 million. Investments in Bitcoin
increased by $486 million, in XRP - by $15 million,
in Solana - by $5 million, in Ethereum – it decreased
by $0.3 million.
XRP
is now the second-best performing altcoin, having
received YTD inflows of $105 million.
MicroStrategy
paused Bitcoin purchases last week, breaking a streak
of 12 weeks of continuous buying. The company holds
471,107 BTC on its balance sheet, purchased at an
average price of $64,511 per coin.
On
3 February, the ‘kimchi premium’ on Bitcoin
- a measure of overpricing on South Korean cryptocurrency
exchanges - hit a three-year high above 11.9%. Normally,
the figure does not exceed 5%.
According
to Reuters, India is reconsidering its attitude towards
digital assets amid a transformation in how they are
perceived in other countries. (FxPro)
News
DOGE
News
Elon
Musk's New Bio Sparks Tech Support Speculation
Several
social media posts have circulated claiming that Elon
Musk has updated his biography to 'White House Tech
Support'. These posts include humorous images and
memes depicting Musk in various tech support scenarios,
often with an American flag in the background, suggesting
a playful take on his involvement or influence in
technology and possibly politics. However, there is
no verified evidence to confirm that this change to
his bio actually occurred. (Grok)
News
Investors
flock to X debt sale
February
5, 2025
A
group of Morgan Stanley-led banks is set to substantially
increase a sale of loans tied to Elon Musk’s
social-media platform X after receiving stronger-than-expected
demand from investors, according to people with knowledge
of the matter.The banks had initially planned to sell
about $US3 billion ($4.8 billion) worth of loans but
received enough interest to parcel out additional
debt. They are now aiming to sell as much as $US5.5
billion of the debt sitting on their books, marking
a significant milestone in their effort to rid themselves
of exposure to X.The final size is still being weighed
as they also seek to reduce the discount at which
the loan is being shopped, the people said. The banks
are looking to sell it for at least 95 cents on the
dollar, they said.The Wall Street firms got stuck
with $US13 billion of debt Musk heaped on X, then
known as Twitter, during his surprise bid to take
it private in 2022. While banks typically try to quickly
resell debt they commit to funding an acquisition,
investors baulked in this case after Musk upended
X’s business, laid off staff and sparked a steep
revenue decline. Investors are now returning, drawn
to the prospect of Musk-linked businesses benefiting
from his relationship with US President Donald Trump.
News
SEC's
Crypto Task Force Launched, Hester Peirce at Helm
The
U.S. Securities and Exchange Commission (SEC) has
launched a new 'Crypto Task Force' with a website
to facilitate communication and regulatory clarity
on crypto laws. Commissioner Hester Peirce has been
appointed to lead this initiative, aiming to create
a clear regulatory framework for crypto assets. The
task force invites public engagement to help shape
these regulations, reflecting a proactive approach
by the SEC under its new leadership. (Grok)
News
Trump's
Crypto Czar Discusses Bitcoin Strategy
David
Sacks, President Trump's AI and Crypto Czar, hosted
a press conference today in Washington, D.C., where
he discussed the U.S. strategy for digital assets.
Key topics included the classification of NFTs and
memecoins as collectibles, and the potential establishment
of a Bitcoin Reserve, signaling the administration's
intent to secure America's leadership in the cryptocurrency
sector. Attendees included notable figures like Senate
Committee Chairman Tim Scott and House Agriculture
Committee Chairman G.T. Thompson. (Grok)
News
Bill
Gates: Cryptocurrencies Lack Use Cases
Bill
Gates recently expressed skepticism towards Bitcoin
and cryptocurrencies, stating they lack practical
use cases in an interview with The New York Times.
His comments have sparked a significant response on
social media, with the crypto community largely criticizing
his views. This discussion highlights the divide between
traditional views on currency and the burgeoning crypto
economy.
News
Markets
ASX
futures up 57 points or 0.7% to 8400.
AUD +0.5% to US62.59¢
Bitcoin
-2.9% to $US98,643
Wall St:
Dow +0.3%
S&P +0.7%
Nasdaq +1.2%
VIX -1.68 to 16.94
Gold +1% to $US2843.80 an ounce
Brent oil +0.2% to $US76.08 a barrel
Iron ore +0.7% to $US105.05 a tonne
10-year yield: US 4.52% Australia 4.41%
News
What
were the top meme coins posted in the last 24 hours
Based
on recent posts on X and information from various
cryptocurrency tracking websites, here are some of
the top meme coins that have been highlighted in the
last 24 hours:
$MLG,
$300BAUD, $LENS, $HYPER: These were listed as trending
meme coins on X.
$FARTCOIN,
$KEYCAT, $PEPE, $MIGGLES, $TOSHI, $HIGHER, $SKICAT,
$MOCHI, $GUAN, $TONY, $AEROBUD: Identified as strong
performers on the Base network.
$BOTIFY,
$ALPHA, $HOOD, $SNAI, $MEMDEX: Notable for significant
price action on the Solana blockchain.
$FWOG,
$LOFI, $DOGE, $SIGMA, #RETARDIO: Mentioned as top
performers in terms of percentage gains in the last
24 hours.
Please
note that the crypto market, especially for meme coins,
is highly volatile, and these rankings can change
rapidly. The information reflects the sentiment and
performance at a specific point in time based on posts
found on X and web data. Always conduct your own research
before making investment decisions. (Grok)
News
Dogecoin
News
Here's
a summary of the latest Dogecoin news based on the
current information available:
Grayscale
Launches Dogecoin Trust: Grayscale Investments has
introduced a Dogecoin Trust, aiming to offer institutional
and accredited investors exposure to Dogecoin's price
movements. This move signifies Dogecoin's transition
from being just a meme coin to potentially a more
mainstream investment option. This trust follows the
launch of Bitcoin and Ethereum trusts by Grayscale,
suggesting a growing interest in Dogecoin from a financial
perspective.
Dogecoin
ETF Filing: Bitwise has filed for a spot Dogecoin
ETF, which could potentially propel Dogecoin's price
significantly if approved. The filing indicates a
rising interest in meme coins among traditional investment
vehicles, potentially mainstreaming Dogecoin further.
Market
Performance: Dogecoin has been experiencing volatility.
Recent reports show a decline in its price, with some
sources indicating a bearish trend following significant
market liquidations. However, there's also speculation
about a potential 30% price increase if positive momentum
continues, with some analysts setting ambitious price
targets for Dogecoin in 2025.
Elon
Musk's Influence: Elon Musk's continued association
with Dogecoin, including mentions related to his advisory
role in the Trump administration's Department of Government
Efficiency (DOGE), has kept Dogecoin in the public
eye. His comments and actions have historically swayed
Dogecoin's market sentiment.
Technical
Analysis: Analysts are watching key support and resistance
levels, with some predicting Dogecoin could reach
or exceed previous highs if certain conditions are
met, like significant institutional adoption or further
positive news from influential figures like Musk.
Broader
Market Context: Dogecoin's movements are also influenced
by the broader cryptocurrency market's performance,
including reactions to macroeconomic news, regulatory
changes, and the performance of other major cryptocurrencies
like Bitcoin.
These
insights are drawn from recent web content and posts
on X, reflecting both the speculative nature of Dogecoin
and its growing but volatile presence in the crypto
market. Remember, cryptocurrency prices are highly
volatile and subject to rapid changes based on market
sentiment, regulatory news, and broader economic factors.
(Grok)
News
Crypto
market amid US tariffs
February
3, 2025 Market picture
Cryptocurrency market capitalisation fell to $3.0
trillion against a peak of $3.62 trillion on Friday
night. The main reason for the fall was the reaction
of traditional finance to the duties imposed by the
US on goods from Canada, Mexico and China. A period
of low liquidity prior to Asian trading led to a 17%
fluctuation when robots and stop-orders dominated
the market. Later in the European session, the market
stabilised around the $3.11 trillion mark.
Bitcoin
has lost more than 14% from last week’s peak,
hitting a low near $91,000 at the start of trading
on Monday. This collapse could lead to a break of
support at the 50-day moving average. So far, bitcoin
closed below it on Sunday, which intensified the sell-off.
However, the close of trading on Monday will be decisive.
A return above the $99,000 level could help accelerate
the upside.
Bitcoin
ended January up 8.7% at $101,700 and set a new record
high on the 20th, approaching $110,000. February is
historically the best month for Bitcoin: over the
past 14 years, it has risen on 11 occasions and declined
only three times. The average rise was 27.6%, and
the average decline was 20.3%.
Ethereum
plunged to $2,090 at the peak of the decline, its
lowest since early 2024. It later stabilised around
$2,550, where it stayed for about four months in the
second half of last year.
News
Background
According to SoSoValue data, net inflows into spot
Bitcoin ETFs in the US fell to $559.8 million last
week after inflows of $1.76 billion a week earlier.
Cumulative inflows since bitcoin-ETFs were approved
in January 2024 rose to $40.50bn.
Net
outflows from US spot Ethereum-ETFs totalled $45.5m
last week after two weeks of inflows. Cumulative net
inflows since the ETF’s launch in July fell to
$2.76bn.
Glassnode
analysts note that the current bitcoin bull market
is inferior in strength to previous ones but similar
to the 2015-2018 events, leaving room for further
gains. They identified a slowing rate of price appreciation
with each new cycle, indicating the maturity and depth
of the market.
The
US SEC has registered a combined bitcoin and Ethereum-based
spot exchange-traded fund (ETF) from Bitwise on an
‘expedited basis’. The SEC had previously
approved similar instruments from Hashdex and Franklin
Templeton.
Tether,
the issuer of the USDT stablecoin, reported a record
net profit of $13bn for 2024. In the last quarter
alone, profits totalled $6bn. The company’s investments
in US Treasuries reached a record high of $113bn.
Trading
volume on decentralised exchanges (DEX) reached a
record $564.56bn in January, hitting highs since last
September. In January, the share of Solana-based AMM
exchange Raydium exceeded that of Uniswap, the once
perennial leader of the segment. (FxPro)
News
Here's
a summary of recent news in the blockchain space as
of February 5, 2025:
Solana's
Surge: Solana has become one of the most used blockchains
in January 2025, with trading volumes hitting record
numbers. This growth is attributed to its efficiency
and lower transaction costs. However, there's also
interest in Remittix (RTX), which is noted for revolutionizing
global payments with a blockchain-based system that
converts crypto to local fiat directly into bank accounts,
showcasing a blend of blockchain and traditional finance.
(Source: Crypto Daily)
Blockchain
in Private Markets: Yooro has launched a blockchain-powered
solution for private markets in Europe, aiming to
streamline investments through smart contracts and
tokenization, providing an immutable record of ownership
and facilitating a secondary market for these assets.
(Source: Citywire Selector)
Crypto
Insurance: Blockchain Deposit Insurance Corp. has
launched an international cryptocurrency insurance
unit, aiming to provide coverage for digital assets
as the adoption of cryptocurrencies grows globally.
(Source: Insurance Business America)
UBS
and Digital Gold: UBS is testing blockchain technology,
specifically ZKsync, to expand its digital gold investment
offerings beyond Switzerland, enhancing accessibility
for retail investors. (Source: Ledger Insights, Cointelegraph)
Regulatory
Moves: Thailand's SEC is planning to launch a trading
system for debt instruments based on distributed ledger
technology (DLT), encouraging securities firms to
participate in digital asset trading. (Source: Regulation
Bitcoin News)
In Vietnam, there's hope that a new draft law will
protect digital asset holders, following reports of
significant crypto fraud targeting investors. (Source:
crypto.news)
Institutional
DeFi Access: Uniswap Labs has partnered with Fireblocks
to provide institutional access to DeFi, giving asset
managers and hedge funds direct access to Uniswap's
liquidity. (Source: blockchain.news)
Quantum
Computing Threat: The rise of quantum computing is
seen as a potential threat to current blockchain encryption
methods, prompting the industry to explore post-quantum
cryptography to safeguard against future vulnerabilities.
(Source: MotoPaddock)
Digital
Asset Fund Inflows: Despite market volatility, digital
asset investment products saw significant inflows,
with Bitcoin investments being a major driver. (Source:
blockchain.news)
Blockchain
in Traditional Finance: There are notable developments
like the tokenized Apollo fund being launched on six
public blockchains, showcasing the blending of traditional
finance with blockchain technology. (Source: Ledger
Insights)
Innovations
and Partnerships: NoviqTech has secured funding and
is expanding its blockchain partnerships, focusing
on tokenizing high-value assets like diamonds on the
Hedera blockchain. (Source: smallcaps.com.au)
These
updates highlight the ongoing evolution and integration
of blockchain technology into various sectors, from
finance to regulatory frameworks, demonstrating both
growth opportunities and new challenges in security
and adoption. (Grok)
Cryptocurrency News (Media Man Int) *in progress http://mediamanint.com/cryptocurrency_news.html
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Newsfeeds
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Meme
Coins
February
3, 2025
What
were the top 10 meme coins posted in the last 24 hours?
Based
on recent posts on X, here are the top 10 meme coins
by performance in the last 24 hours:
$LOFI
with a +39% gain
$DOGE (D.O.G.E.) with a +13% gain
$MOG with an +11% gain
$NEIRO with a +9% gain
$BOBO with a +7% gain
$jellyjelly
$AIT
$ALPHA
$SHITFACE
$VALENTINE
These
rankings are derived from posts highlighting the most
mentioned or top performing meme coins on X within
the last 24 hours. (Grok)
Cryptocurrency
News (Media Man Int) *in progress http://mediamanint.com/cryptocurrency_news.html
News
(Media Man Int) *in progress http://mediamanint.com/news.html
What
were the top meme coins posted in the last 24 hours
February
3, 2025
Based
on posts found on X, some of the top meme coins trending
in the last 24 hours include:
$BABYDOGE
$TURBO
$FLOKI
$PEPE
$NEIRO
$MOG
$LUCE
$WOLF
$VVAIFU
$VINU
Additionally,
other coins mentioned in recent posts include:
$San
$YE
$COINBASE
$ALLOTT
$Ana
$Fartcoin
$DORAE
$Anonymous
$HATCH
$Mutt
$Binance
$Bybit
Fatal100
$Workie
Please
note that trends can change rapidly in the cryptocurrency
space, and these listings reflect recent activity
but may not be exhaustive or current beyond the last
24 hours from the time of the posts. (Grok)
Cryptocurrency News (Media Man Int) *in progress http://www.mediamanint.com/cryptocurrency_news.html
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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.
Current
Hot Headlines
Report: Colts' Isaiah Rodgers Among NFL Players Facing
Yearlong Gambling Suspensions
Charles Barkley on His Gambling: 'I Wanna Be Dead
Broke When I Keel Over'
DraftKings Drops Bid for PointsBet
$35K Fine Imposed After Underage Gambling At Harrah's
Casino
Philadelphia Man Sentenced in Stabbing Death of Girlfriend
at Atlantic City Casino
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.
Current
Hot Headlines
Could
Sportsbooks Stop Taking Bets on Drafts After NBA Controversy
in Light of Shams Scandal?
How Reporters Can Affect Betting Lines
Survey Confirms Worst Clichés About Lottery-Loving
‘Crypto Bros’
Bare-Knuckle Fighting, Disc Golf, Futsal, Snooker,
and Water Polo Bets Among 17 New Sports Betting Markets
Approved in Arkansas
New Jersey Senator Proposes Bill to Regulate Sports
Betting and Casino Advertising
Marcin Horecki Denies Mike Matusow as he Captures
Poland's First-Ever Live WSOP Bracelet
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.
Media
Man
Pop
Culture News
Media
Man Notes
Jon
Moxley Twitter is @JonMoxley
Fozzy
Twitter is @fozzyrock
All
Elite Wrestling can certainly rank at a major league
pro wrestling company due to massive exposure, popularity,
and backed by one of the most financially wealthy
Family Dynasty's in the world: Enter Tony
Khan
The
Media Man agency (Media
Man Int and Media
Man Australia) has been pitching wrestling and
rock story ideas to Rolling
Stone This recent exchange with the bands and
wrestlers / fighters can only help further the cause
to see a modern day Rock N Roll / Metal - Pro wrestling
/ MMA type story in the one and only Rolling Stone
magazine when the planets align. We reckon the wrestling
and MMA promotions are up for it, as would be the
world beater talent and bands concerned. Everyone
is pretty pumped for it. Rock On!
News
American
brands, advertising agencies, creative agencies, marketers
collaborating and working with Media Man Agency -
Media Man Int and Media Man Australia to grow brand,
business in Australia, Asia Pacific
American
sports, entertainment and pop culture we love; Media
Man Int and Media Man Australia top picks
Battle
for the sports entertainment dollar; Australian and
international opportunities, threats and unknowns,
by Greg Tingle
Music
themed Facebook launched by Media Man Group; Inspired
by Rolling Stone, MTV and Chris Jericho's 'Web Is
Jericho'
Andy
Warhol pop art still inspiring artists, creative media
agencies, the world in artistic and commercial arts
endeavors
Rolling
Stone ramps up its coverage of WWE, sports entertainment,
pro wrestling, UFC, MMA, extreme sports et al
Cyndi
Lauper Dedicates Song To Wrestling Legends - September
2018
All
Elite Wrestling poised to become game-changer - 26th
January 2019
The
Smashing Pumpkins. Photo: The
Howard Stern Show. Wasn't part of this particular
Twitter exchange, but we love any wrestling and music
connection. Billy Corgan is the frontman of The Smashing
Pumpkins (and the major financial backer of the National
Wrestling Alliance)! Public thank you to The Howard
Stern Show and goodwill from The Smashing Pumpkins.
Rolling
Stone
Multimedia
Rolling
Stone: The Covers 1972 - 2010
Rolling
Stone magazine (The Covers) gets living statue and
bodypaint by Human Statue Bodyart
MTV's
The War To Settle The Score (Hulk Hogan VS "Rowdy"
Roddy Piper)
Wrestling
and Sports Music Videos
|
