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In our first story, the future of Florida online betting is still unclear. Earlier this year, the Seminole Tribe and the state of Florida signed a contract granting the tribe exclusive rights to provide online wagering services in the Sunshine state. The Seminole launched their betting operation, run through Hard Rock Sportsbook, on November 1.
However, last week, a federal judge has overturned the agreement, claiming that it violates both the Indian gaming law and the Florida Constitution. The judge specifically pointed to the provision that allows betting on any device anywhere in the state as long as the servers are on tribal land.
The Seminole Tribe filed an appeal on the decision, but it's yet unclear when the matter will be resolved.
Next up, Swedish online gaming giant, Evolutions, finds itself in legal trouble. The company has been accused of doing business and providing gaming services to countries that are under US sanctions. The allegations are likely coming from one of Evolution's rivals on the market. An unnamed competition has hired private investigators who recorded the players from Iran, Sudan, Syria, and several other blacklisted countries freely accessing websites and playing Evolution's games.
Evolution's CEO, Martin Carlesund, has strongly denied accusations of any wrongdoing. He claimed that they only sell their products to licensed operators, and don't screen players or handle their money. The company has reached out to New Jersey regulators and already initiated an internal review over the claims of illegal gambling.
In our next story, last week brought some bad news for Bitcoin owners. On Friday, Bitcoin value fell to the lowest point since early October, trading for as low as $53,549. Compared to earlier this month, when it hit the record high of almost $69,000, this is a 20% drop. This sort of dip means that Bitcoin is officially entering the bear market territory. Other notable crypto assets didn't do too well, either. Ether is down more than 10%, while XRP fell 9.9%.
The main reason for the digital asset plunge is the panic over the new Coronavirus variant. The news of the detection of the new variant in South Africa hit the markets hard, causing the global stock markets to fall down sharply on Friday.
In our last story this week, we see what happens when mobile gaming goes wrong. An Australian woman is facing multiple fraud charges after stealing nearly $680,000 from her former company. Rachel Naomi Perri took advantage of her position as an account manager in a veterinary hospital to cipher the company funds to her private accounts and credit cards. She used the money to support her gambling addiction and spent it all on the mobile casino game called Heart of Vegas.
Interestingly, the game in which she invested all that money features no real cash prizes. The game winnings are paid out in virtual currency, which can't be exchanged for real money.
Perri, who's been diagnosed with a severe gaming disorder, plead guilty to all charges and will be sentenced next month.
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