Delaware AG Matthew Denn’s opinion it is the fact that DFS is really a not a game of ability. At least, it is not the real means we play it!
Western Virginia and Delaware are two states that don’t have any plans to legalize daily fantasy recreations in the future, as well as for two completely different reasons. Two attorneys general, 400 miles aside, have demonstrated two very different opinions on the legality of the contests over the last day or two.
On West Virginia’s AG ruled that there was no need to legalize DFS because it was prominently a game of skill and therefore perfectly legal under West Virginia law monday.
‘We read state law to prohibit only betting upon games decided at least predominantly by chance,’ composed Morrisey in his viewpoint. But DFS, he said ‘are determined predominantly by skill, knowledge, and athletic performance.’
A matter for the legislature whether West Virginia will now move to regulate and tax the DFS industry, as its neighbor Virginia became the first US state to do at the beginning of the year, is of course.
In stark contrast, Delaware pulled the plug on DFS week that is last with its AG, Matthew Denn, ruling, perhaps more controversially, that the contests were essentially games of chance.
‘Relying regarding the Delaware Constitution, as well as State and Federal case law, DOJ attorneys determined that online fantasy contests that involve p Continue reading West Virginia Rules DFS Game of Skill; No it’s Maybe Not, Says Delaware
A hacker removed $50 million in Ether through the Decentralized Autonomous Organization, plunging investors into a panic, many argue that no theft has taken place.
Ether, the digital currency that is billed while the ‘next’ bitcoin, plunged in value on Friday when a hacker exploited a software flaw into the Decentralized Autonomous Organization (DAO), giving the same of $50 million Ether into the ether and the cryptocurrency investment community into a panic.
If this sounds bewildering, we are going to make an effort to explain.
Ether is the currency supported by the Ethereum blockchain, a platform designed to provide greater flexibility for decentralized currencies that are peer-to-peer-traded projects developed on the top of the bitcoin protocol. Ethereum permits the creation of ‘smart agreements,’ which enables all forms of business transactions and not just currency transfers.
The DAO is a totally leaderless organization built on the Ethereum platform and run entirely on computer code. It utilizes these smart contracts to build a venture capital fund devoted to sponsoring cryptocurrency that is new. All DAO decisions are taken via a vote of its members who use digital tokens, purchased with Ether, to register their vote. In this manner, DAO had raised $162 million to greatly help investment fledgling projects.
But DAO users watched in horror, in real-time, on as a hacker exposed a softw Continue reading Cryptocurrency Platform Ethereum Raided by Hacker, $50 Million Stolen