"Getting rich by betting on inside information is corruption, plain and simple," Hochul said in a statement. "Our actions will ensure that public servants work for the people they represent, not their own personal enrichment."
When one system controls access, choice becomes theoretical, not real, professional boxer Nico Ali Walsh told lawmakers, framing the stakes of a debate that could dramatically reshape boxing's economic model.
The legal market in California, despite being 10 years legal, is still less than 40% of the cannabis consumed in this state so we are still fighting every day against folks that are unregulated, they're untaxed, and we don't know the safety of their products.
He actually cannot stop. He's really addicted to this. This case is an important first step in holding these gambling platforms accountable. Gambling addiction in minors is steadily increasing, and it's not happening by accident.
The remote casino sector, which is industry jargon for online gaming, is the undisputed heavyweight champion of the market. It quietly overtook traditional sports betting a few years ago and hasn't looked back since.
"These regulations are an important step in combating unscrupulous and illegal gaming in California," CNIGA Chairman James Siva said in a statement sent to ReadWrite. "The regulations further clarify that games and practices employed by commercial card rooms are indeed prohibited under California law. Running a business contrary to that law is an illicit business, period. We hope that Department of Justice will now enforce these regulations so California can ensure a well-regulated gaming industry that is safe for consumers."
Attorney General (Rob) Bonta's regulations threaten to eliminate more than half of California's cardroom jobs and wipe out a critical source of revenue for dozens of cities. These games have operated legally for decades under multiple attorneys general, yet one public official is now moving to shut them down without identifying a single public safety concern or addressing the 1,764 public comments about these regulations.