Runner Runner Hits Hot Buttons on Both Sides of Gambling Fence

Runner Runner Hits Hot Buttons on Both Sides of Gambling Fence

The American Gaming Association (AGA) has ruffled some feathers by operating political ads concerning the online poker film Runner Runner that is new

Movie Stars of films nowadays often understand ahead of time that most kinds of merchandising and interviews are the main job. They know that entertainment reporters will ask them all kinds of nosey questions regarding their paramour that is latest, a scandalous ensemble, or a run in aided by the paparazzi. But what Runner Runner stars Justin Timberlake and Ben Affleck both definitely seasoned within the ways of Hollywood chances are probably did not anticipate were the heated feelings their movie about a wicked on-line poker operator, pre-Black Friday, therefore the broke student conned by his website would evoke.

Federal Regulations Nevertheless Vague

In today’s tense climate with some states creating their own regulatory climate, but most of America still sitting in regulatory limbo they position the film’s message as a ‘cautionary tale,’ and one that federal legislators should take heed of while they wait to see if and when the federal government will finally act the American Gaming Association (which represents the interests of many of the casino industry’s major players) has pulled out all their guns, buying ads throughout social media where.

But the film- which just opened nationwide is perhaps not designed to make any such statement, say the screenwriters, whom simply thought the similar-to-real-life-but-slightly-embellished tale of a 20-something gambler, played by Timberlake, and his evil offshore poker site nemesis-become-crime-boss, played by Affleck, would make a juicy story that is pretty. (suite…)

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Silk Path Founder Arrested While Bitcoins Plummet

Silk Path Founder Arrested While Bitcoins Plummet

Bitcoins are in the news, between the shut down of Silk Road,a plummet in exchange rates, and a new site that is live-streaming.

It’s been a serious week for Bitcoins within the news; a whammy that is triple actually.

First, there was the arrest by the FBI of Silk Road’s founder known online only by his handle ‘Dread Pirate Roberts’, but apparently known to the feds only a little more intimately as Ross William Ulbricht- as well as the seizure and shut down of this Silk Road web site itself. Silk path ended up being an exclusively Bitcoin site that is gambling well-known to numerous as an open marketplace for illegal drugs and more; the site’s slightly below a million registered users were frequently cash launderers, in line with the arrest warrant.

‘Based on my training and experience, Silk Road has emerged as the most sophisticated and extensive marketplace that is criminal the web today,’ FBI Special Agent Christopher Tarbell noted in the complaint. Tarbell added that in the past 2 1/2 years, Silk Road generated some $1.3 billion worth of comparable Bitcoin trades and netted $85 million in commissions for itself, usually for things as macabre as hiring hitmen, seeking out computer hackers or purchasing illegal weapons.

Major Rate Volatility Ensues

Meanwhile just a few times following the shut down of the site by the feds and the arrest of Ulbricht Bitcoins themselves went through some Cat-5 volatility, whenever rates for the currency that is digital from $139 per Bitcoin to $109.71 per Bitcoin in only under three hours. (suite…)

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