wtf?! NY Attorney General simply killed sweepstakes casinos

n00b@ss said:
wtf are sweepstakes casinos anyways??
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Basically sites that let you buy "gold coins" to play slots but give you "sweep coins" as bonuses that you can cash out. Legal loophole since you're not directly buying the cashable coins
Been using them for years since NY doesn't have real online casinos. This is massive if they're all getting shut down
 
anyway saw this coming tbh. as itold theres no way sites paying out millions in "prizes" weren't gonna get regulated eventually
the whole dual currency thing was obviously just to dodge gambling laws. surprised it took this long
 
This enforcement action has been brewing for months. The NY AG's office issued preliminary warnings in March, and the legal framework was always questionable.
 
bill_collins said:
This enforcement action has been brewing for months. The NY AG's office issued preliminary warnings in March, and the legal framework was always questionable.
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so basically we're screwed and gonna have to wait months to maybe get our money back
this is exactly why ill stick to crypto so at least with offshore sites you know what you're getting into
 
webzcas said:
so basically we're screwed and gonna have to wait months to maybe get our money back
this is exactly why ill stick to crypto so at least with offshore sites you know what you're getting into
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Yes regarding existing balances, the cease-and-desist orders typically require sites to honor legitimate player funds, but the process can take weeks or months to resolve. Players should document their balances immediately and file complaints with the NY AG's office if sites refuse to pay out.
The broader implication is that other states will likely follow suit. Connecticut, Louisiana, and Montana have already passed legislation banning these models, and federal legislation is under consideration.
 
the real question is what happens next for ny players?! are they finally gonna legalize proper online casinos or are we stuck with just draftkings casino and fanduel. been waiting for real igaming here for years while jersey players get everything
 
goatwack said:
the real question is what happens next for ny players?! are they finally gonna legalize proper online casinos or are we stuck with just draftkings casino and fanduel. been waiting for real igaming here for years while jersey players get everything
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dont hold your breath lol. politicians love talking about "protecting consumers" but wont legalize anything that might actually work. meanwhile everyone just uses vpns to play on stake anyway
 
this is BULLSHIT been playing luckyland for 3 years never had problems now suddenly its illegal?!! these politicians just want there cut thats all it is. if they cared about "consumer protection" they wouldve legalized proper casinos years ago instead of this monopoly bullshit with DK and FD
had more then $800 of coins saved up and now god knows if ill ever see it
 
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