Tag Archives: online gambling

The Mad Scramble to be First in US Online Gambling

The Mad Scramble to be First in US Online Gambling

It has been fascinating to watch the rapid evolution of the US online gambling market after a relaxing of the Federal Wire Act in 2011 opened the door for online Poker (and more) on a state by state basis. In fact, just Thursday the Nevada legislature approved a bill allowing interstate online poker on the quick, because they caught wind that New Jersey may do so next week.

This is a rare, massive, greenfield opportunity in the US that is primed to unfold quickly. According to KPMG, the worldwide market for online gaming is about $32 billion per year today, and that is without meaningful (legal) contribution from the US, the world’s richest economy. Juniper Research estimates that worldwide betting on mobile devices alone will be a $100 billion market 2017. History suggests whoever gets there first with a quality offering will earn the early advantage. So who’s positioned to win?Continue Reading

Betting on Growth in Online Gambling

Betting on Growth in Online Gambling

If there’s one sure bet in online gambling, it is unstoppable global market growth. The US government has twice tried to stall this transition to virtual gaming, first in 2006 when they made it illegal for financial service companies to knowingly collect payments for online gambling, and again in 2011 when they seized the domain names of top poker sites and charged their executives with money laundering.Continue Reading

6 markets being revolutionized by real-time streaming data

It seems like forever ago that Pointcast introduced us to the first incarnation of so-called “push” technology. But aside from stock prices through online brokerages, the real-time streaming of content didn’t really take off until very recently. Even today, many people still refresh their browser to see if they’ve been outbid on eBay and reload…