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Daily Archives: March 27, 2022
Exclusive: Fresno councilman Karbassi unloads on his democrat colleagues following unprecedented audit vote, Soria and Arias are holding the council…
Posted: March 27, 2022 at 9:45 pm
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Khanna: ‘There’s no support in the Democratic Congress for regime change’ | TheHill – The Hill
Posted: at 9:45 pm
Rep. Ro KhannaRohit (Ro) KhannaSunday shows preview: US, allies up pressure on Russia; Jackson undergoes confirmation hearings Gas prices lead to tensions within Democratic Party A chance to improve research MORE (D-Calif.) on Sunday sought to clarify President BidenJoe BidenRussian rocket attacks wound five in western Ukraine city of Lviv If we de-list the IRGC, what will the dictators think? Biden to propose minimum tax on billionaires in budget MORE's recent off-the-cuff remarks concerning Russian President Vladimir PutinVladimir Vladimirovich PutinRussian rocket attacks wound five in western Ukraine city of Lviv If we de-list the IRGC, what will the dictators think? Putin's war against Ukrainian civilians is not new nor will it work MORE remaining in power, stating that there was no policy for regime change among congressional Democrats.
On Saturday, Biden gave a speech in Warsaw, Poland in which he said Putin "cannot remain in power." This comment drew widespread international attention, with observers wondering if Biden was calling for a regime change. The White House quickly walked back Biden's remark, sayingthe president meant that Putin should not have power over countries outside of Russia.
Appearing on "Fox News Sunday," Khanna said the president was likely "frustrated" after meeting with refugees who fled Ukraine.
"Look, when Putin inMariupol is bombing theatres with 300 kids there,where there's a sign saying 'children' and he's bombing that, any human being would express frustration," Khanna said. "And the president was speaking from his heart, but it's not the U.S. policy to seek regime change."
"Fox News Sunday"hostJohn Roberts noted that Biden has a "propensity to sometimes say the quiet part out loud."
"The president, I think, is a straight shooter. He's deeply empathetic. I'm sure he's so frustrated with these scenes of children, women being killed," Khanna said.
"It's not the policy of regime change there's no support in the Democratic Congress for regime change. We've been the party against regime change for the past 20 years."
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Student loan forgiveness proves Democrats are the party of the rich – New York Post
Posted: at 9:45 pm
If you want an indication of how completely the Democrats have been transformed from the workingmens party to the party of affluent professionals, consider how intensely progressives are pressuring President Biden to extend for the sixth time the freeze on college-loan repayments.
This is class war and the folks with 21st-century versions of monocles and top hats are winning.
The people who have college loans to pay back are, on average, pretty well-off. Thats no surprise: Only one in three working-age Americans are college graduates, and college graduates earn more money than people who have only high-school diplomas. So do people who go to college but dont get a degree. College-loan forgiveness is first and foremost a government handout to people who have higher-than-average incomes.
If you know anything about higher education, you will not be surprised to learn that the people with the most college debt are the people with the highest incomes. Those big loans usually dont come from financing a liberal-arts degree at an Ivy League college: The elite schools have big money of their own, which is why, for example, the vast majority of Princeton graduates finish with no student debt at all, while the small share who do take out loans typically finish with less with debt less than $10,000.
Instead, the big loans usually go toward financing graduate studies, especially professional education: law school, medical school, MBAs, and other preparation for high-paying careers. Americans sometimes forget where the money actually lands in our economy: Your local junior-high principal doesnt have Jeff Bezos money, but he makes nearly $20,000 a year more than the typical architect, earning just shy of $100,000 on average in 2020,according to the Bureau of Labor Statistics. That guy can afford to pay his student loans. So can his lawyer ($126,930 average salary) and the local nurse practitioner ($117,670), who earns about as much money as the typical aerospace engineer ($118,610).
Policy analysts, including progressives, who take the time to run the numbers consistently, come to the same conclusion: Every program for college-loan forgiveness under serious consideration disproportionately benefits high-income people. Astudy by the University of PennsylvaniasSylvain Catherineand the University of Chicagos Constantine Yannelisfinds that a universal debt-forgiveness program would benefit earners in the top 10% five times as much as those at the bottom; capping forgiveness at $50,000 or even at $10,000 would produce similar results, providing much more benefit to the well-off than to those who are struggling. As the scholars note, this is true in large part because big student loans go along with big incomes.
The poorest Americans wont benefit much from college-loan forgiveness for the same reason they dont benefit from income-tax cuts the same affluent people who pay most of the income taxes also have most of the college debt.
The COVID-era freeze on repayments already has provided$200 billion in benefitsfor borrowers who have relatively high incomes. Thats $200 billion out of the pockets of U.S. taxpayers including low-income taxpayers. If we want to relieve the debts of the poor, we could pay off the credit-card balances of the lowest-earning 20% of US households for half that much money. For the full $200 billion, we could buy a $350,000 house for everyhomeless person in the United States. Instead, we are transferring that money to the nations poor, struggling personal-injury lawyers, suburban dentists, and generously compensated McKinsey dorks.
Why?
Because Democrats prefer to use your money when buying votes. In the United States, the cities are Democratic and the countryside is Republican the real political contest is in the suburbs, which is where those affluent, college-educated professionals live and vote.
The Democrats are happy to help the rich get richer, as long as they vote the right way.
Kevin D. Williamson is the author of Big White Ghetto: Dead Broke, Stone-Cold Stupid, and High on Rage in the Dank Woolly Wilds of the Real America.
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Student loan forgiveness proves Democrats are the party of the rich - New York Post
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N.J. high schools would start later in the day under top Democrats bill. Murphy is open to it. – NJ.com
Posted: at 9:45 pm
High school students across New Jersey, take note. You would get to sleep in a little later before class under a new proposal spurred by what experts and officials say is a growing mental health crisis among young people.
Two lawmakers, including the leader of the state Assembly, introduced a bill this week that would require classes start no earlier than 8:30 a.m. at New Jersey high schools, beginning in the 2024-25 school year.
The measure would apparently not apply to elementary or middle schools.
Delaying school start times has been debated for years in the Garden State. Its now one of many issues that have been revisited in the wake of the coronavirus pandemic.
Assembly Speaker Craig Coughlin, D-Middlesex, and state Sen. Vin Gopal, D-Monmouth, said the new bill (A3816) is inspired by concern over the mental health of children and teens after two years of upheaval because of COVID-19. Many were already reporting alarming rates of depression and anxiety even before the pandemic.
Earlier this month, experts and advocates told state lawmakers New Jersey students are suffering amid a national mental health crisis.
Ensuring students are getting enough rest is an important first step toward addressing the alarming rise in student mental health issues were seeing in New Jersey, Gopal said.
Coughlin said students are better prepared to succeed in school when they are well rested and eat nutritious meals.
Overwhelmingly, the research and success stories out of other states school districts show that the benefits of later start times to students holistic well-being, in terms of both mental health and academic performance, easily outweigh the costs, he said.
One of the biggest arguments against the idea: Opponents say later start times could disrupt extracurricular activities, including sports, and cause problems for child care and busing schedules.
Gov. Phil Murphy told Politico New Jersey on Friday morning that he is open to the proposal.
Theres a fair amount of research that suggests its a better way to go to start later, Murphy said after an unrelated event at a school in Chatham. Im absolutely open-minded to that.
The bill would need to be passed by both the state Senate and Assembly and signed by Murphy to become law.
The vast majority of New Jersey middle and high schools currently begin before 8:30 a.m.
The average start time for New Jersey schools is 7:51 a.m., compared to the national average of 8 a.m., according to the National Center for Education Statistics.
California a state Murphy has often sought to emulate enacted a law in 2019 pushing start times to 8 a.m. for middle schoolers and 8:30 a.m. for high schoolers.
Then-Gov. Chris Christie signed a law in 2015 requiring the New Jersey Department of Education of study the feasibility and possible benefits or consequences of starting the day at middle and high schools no later than 8:30 a.m.
The education department released a report in 2019 saying teenagers would likely benefit from later start times, but the state shouldnt force the change because it would cause a logistical nightmare.
The same year, Murphy signed a law that required the state to experiment with starting classes after 8:30 a.m. at five high schools.
A number of organizations including the U.S. Centers for Disease Control and Prevention, American Academy of Pediatrics, and the the American Academy of Sleep Medicine have suggested delaying school start times to align school schedules to the biological sleep rhythms of adolescents.
Experts say those rhythms cause teenagers to go to bed later and thus, school would need to start later to accommodate their need for 8.5 to 9.5 hours of sleep on school nights. Those who are deprived of sleep can suffer physical and mental health problems and experience a drop in academic performance, experts say.
The new proposal has the support of New Jerseys chapter of the American Academy of Pediatrics. Jeanne Craft, the chapters president, said research show later start times for adolescents contribute to better academic performance, quality of life, mental health, and school attendance.
Still, the New Jersey Association of School Administrators has said schools that delayed start times received complaints from parents. One major concern is how much longer students will stay up if classes begin later in the morning.
State Sen. Richard Codey, a former governor, has long supported later start times and said he is all in on the new bill.
Theres not too many pediatricians who wont say were right, Codey, D-Essex, told NJ Advance Media. Their safety and their ability to learn is impacted negatively. Thats the biggest issue.
NJ Advance Media staff writer Matt Arco contributed to this report.
Our journalism needs your support. Please subscribe today to NJ.com.
Brent Johnson may be reached at bjohnson@njadvancemedia.com. Follow him at @johnsb01.
Adam Clark may be reached at aclark@njadvancemedia.com.
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A special meeting of the Piscataway Democratic Organization (PDO) was held this month to screen candidates for the ward council seats. – InsiderNJ
Posted: at 9:45 pm
(Piscataway) A special meeting of the Piscataway Democratic Organization (PDO) was held this month to screen candidates for the ward council seats.
Incumbents Frank Uhrin (Ward 1), Jim Bullard (Ward 2) and Michele Lombardi (Ward 4), along with Sharon Carmichael (Ward 3) were overwhelmingly endorsed by the PDO committee members. Uhrin, Bullard, Carmichael and Lombardi are committed to delivering exceptional services and programming, ensuring fiscal stability, government transparency, protecting our environment and delivering real results for all residents of Piscataway.
The special meeting was presided over by Councilwoman Gabrielle Cahill, new Democratic Chair. After decades of dynamic leadership, former Mayor and PDO Chairman, Ted Light retired from his official role in the organization at the January meeting passing the torch to Cahill. Together, we have built a strong local grassroots Democratic Party of inclusion, diversity and shared values here in our community and I am honored to have been able to work with dedicated people every step of the way, said Light. It is time for a new chapter and Gabrielle brings new ideas and motivational leadership while maintaining the core Democratic values that our organization has long stood for, Light added.
Ted has led us through two very challenging elections during the height of the pandemic never missing a beat. As the Covid-19 public health crisis raged Ted worked to make sure that voters rights were protected as he led the team to victory delivering big Piscataway numbers for President Biden in 2020 and Governor Murphy in 2021 and all our state, county and local candidates including myself, said Cahill. We all owe him a debt of gratitude for his tireless leadership and devotion to our township, this organization, Cahill concluded. Cahill will now lead the organization through the next campaign cycle that has Piscataway favorite, Congressman Frank Pallone topping the ticket along with the Middlesex County County candidates, two of which are former Piscataway council members, Sheriff Millie Scott and Chanelle Scott McCullum.
Locally, the Ward 3 Council vacancy was created by the retirement of long-time Councilman Steve Cahn, an attorney and former Marine. Cahn spearheaded the groundbreaking ordinance prohibiting the sale of guns and ammunition near schools garnering nationwide acclaim and the support of the Brady Campaign to end gun violence. Cahn supporting his successors candidacy said, Sharon Carmichael is a brilliant professional who is dedicated to our community. Her experience and proven leadership qualities will be an asset to our Mayor and Council and I am looking forward campaigning door to door with her, Cahn said. Carmichael, a senior level professional working in voice recognition technology at AT&T holds degrees in mathematics and computer science. She has lived in town for 36 years and was active in PTO, Little League, Pop Warner and the Superchief Band Parents Association while raising her three very accomplished children. Carmichael is a steward and long-standing member of the North Stelton AME Church. Carmichael spoke passionately about her work with the church and with NJ Orators, an organization devoted to training youth in public speaking where she served as a volunteer coach and competition director.
The PDO members are excited to work on behalf of the entire team for the upcoming June 7th Primary Election. Joining Cahill on the PDO leadership team as PDO Vice- Chair is Ward 2 District 2 Committee Member Dennis Espinosa. Dennis brings energy, enthusiasm and the keen ability to move our organization forward. He is a team builder who embodies Democratic ideals and we all are looking forward to an exciting campaign cycle, said Cahill.
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Elected leaders discuss the future of education in Yolo County – Woodland Daily Democrat
Posted: at 9:45 pm
The Yolo County Office of Education hosted its Yolo County Elected Leaders & Officials Forum this week, which provided an update on the state of education in the county.
The forum, held Friday morning, included updates from all five school districts within Yolo County and an introduction of Congressman Mike Thompson who will represent most of Yolo County excluding West Sacramento due to redistricting.
Congressman John Garamendi, who has represented Yolo County for nearly a decade, attended the event to reintroduce Thompson to the community.
Joining you today is a brother that I know is dedicated to getting it done, Garamendi emphasized. Mike Thompson has represented this area previously and hes back to represent Yolo and a good portion of Solano County.
Garamendi noted that although he still represents a portion of Solano County he wont be able to represent Yolo County in all the ways he has in the past.
Ill work with Mike to make sure that youre well represented and the things that weve worked on over the years will be able to continue, Garamendi assured.
Thompson reassured Garamendis remarks and noted he will work to ensure that education in the county gets what it needs.
Everybody knows how tough the last couple of years have been and teachers, staff and administrators have been faced with just unimaginable hurdles, he highlighted. Nonetheless, you pulled through, youre working hard and youre providing the education that our students deserve.
However, he stressed that times are still tough as the school districts continue having to maneuver through the pandemic.
We need to make sure that were there for our students, for our staff and for our teachers and thats the commitment that I made to you, Thompson emphasized. I love Yolo County and look forward to working with all of you so thank you again for all that you do.
Elodia Ortega-Lampkin, superintendent for Woodland Joint Unified School District, delivered a presentation detailing the districts board-approved local control and accountability goals:
These goals had a lot of input from our community and many stakeholders and we have not had any controversy on the focus of these goals, Ortega-Lampkin emphasized. Were working on making these goals a reality.
Additionally, Ortega-Lampkin remarked on the difficulties that the pandemic has created for her district and others around the county while commending the work that has been done to keep students engaged and learning.
I hope that we continue to address the needs of our students with the same urgency that we have done with the pandemic, she began. I think that if we continue working together in that same manner with that same urgency and that some focus we will make a difference.
Maria Arvizu-Espinoza, associate superintendent for the Yolo County Office of Education, also highlighted the problem of absenteeism and lower enrollment rates that the pandemic has caused across schools in California.
Average Daily Attendance (ADA) is down by 9% among California school districts when comparing the 2019-2020 school year to this year with an ADA of 4.7 million students compared to 5.2 million students two years ago, according to Arvizu-Espinoza.
Certainly the pandemic is a large part of the chronic absenteeism and lower average daily attendance that were experiencing, Arvizu-Espinoza explained. Its really important to get kids back in school, enrolled and actually showing up again. We know that attendance is critical and its the number one signal of dropouts and graduation rates.
Garth Lewis, Yolo County superintendent of schools, thanked all of the speakers who attended the event for their enthusiasm and spirit in serving the countys students.
The future is bright for Yolo County children and I just want to express our gratitude for our partnership and the ability for all of us to share the responsibility in the health and the well-being and education of our students, Lewis stressed.
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Online sports gambling is a home run, but not yet with investors – CBS News
Posted: at 9:44 pm
Betting on sports online has proved to be a big hit with Americans as more states legalize it, with gamblers smashing records on the Super Bowl and March Madness. But one group has so far proved more skeptical: investors.
The stock prices of leading sports betting companies have slumped despite the betting boom, raising questions about how quickly the public's enthusiasm for online betting will translate into fatter profits for the businesses behind all that gambling action.
Over the last 12 months, DraftKings shares have tumbled 73%, to $18.20 on Friday below the $20 the stock traded at when the company went public in April 2020. Shares of FanDuel-parent Flutter Entertainment are down 47% over that time period, while Caesars Entertainment's stock price is off 5%.
DraftKings reported $1.3 billion in revenue and $615 million in profit for 2021, while the Flutter division that includes FanDuel reported $1.8 billion in revenue and nearly $1 billion in profit.
In the short term, the main issue weighing on sports betting platforms are the vast sums they've spent on advertising and marketing to acquire customers a common predicament for younger companies seeking to drive growth by gobbling up market share.
Players like DraftKings and FanDuel have spent so aggressively that it has drained their cash, said Daniel Adam, senior analyst at Loop Capital Markets. In 2021, DraftKings and Flutter spent $981 million and $875 million, respectively, on marketing, promotions and advertising, regulatory filings show.
"That's really the main driver in the underperformance in the share price," Adam told CBS MoneyWatch.
Adam remains bullish on their longer term prospects, although he said it could take two or three years for the additional earnings to flow. At some point in the future, gambling operators will start to spend less on advertising and more money from dedicated customers will flow in and strengthen profits. He predicts DraftKings stock price will grow to $35 a share in the next 12 months while Caesars may grow to $109 a share.
Certainly, the explosion of online sports gambling stands to drive industry growth, with Arkansas, Louisiana and New York all legalizing it this year. New Yorkers alone placed $1.6 billion worth of online sports bets during the opening month of wagering, while Arkansas and Louisiana also had lucrative rollouts. Thirty states now offer legalized online sports betting.
Betting companies also are heeding Wall Street's call to rein in their costs and lay the groundwork for profitability. Caesars Entertainment CEO Tom Reeg said in an earnings call last week that the company is pulling back on advertising. For television and website viewers, that will mean seeing fewer spots for the casino company's and sportsbook's "We are all Caesars" campaign, featuring actor Jerry Brooks, known as J.B. Smoove.
"You are going to see us dramatically curtail our traditional media spend effective immediately," Reeg said during the call. "We have accomplished what we set out to do."
DraftKings also plans to dial back its ad spend in New York and other markets, CEO Jason Robins said during an earnings call last month.
"One of the reasons you see such a faster pace to 100,000 users in recent states like Arizona and New York is because of the competitive advertising, ironically," Robins said. "I think a lot of that is actually accelerating our ability to launch faster and to grow faster, and it might even lead to a faster path to profitability in states."
Trending News
Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.
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Online sports gambling is a home run, but not yet with investors - CBS News
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WA gambling regulator told to lift its game – The Mandarin
Posted: at 9:44 pm
Western Australias gambling regulator, Gaming and Wagering Commission, has been told by the Perth Casino Royal Commission it needs to lift its game when it monitors whether casinos are complying with the law, and beef up its own code of conduct.
The final report of the royal commission chaired by Neville Owen, who is also known for chairing the royal commission into the collapse of the general insurer HIH almost two decades ago, identifies weaknesses in the expertise of the gambling regulator.
It also finds that the companies that hold a casino license in Perth were unsuitable and that they needed to take remedial steps to fix their operations over a two-year period to become suitable again.
This makes it the third report from an inquiring body that has found Crown Casinos operations failed to comply with the conditions of the license.
The final report of the Perth Royal Commission also proposed there be an independent monitor to oversee a remediation plan for the casino to get back to suitability.
This recommendation replicates the tighter regulation and scrutiny of the Crown Casino business that was recommended in the Victorian and New South Wales inquiries that reported last year.
One of the weaknesses identified in the approach taken by the Gaming and Wagering Commission in Western Australia is that it did not have a formal information-sharing agreement with AUSTRAC, the government agency that monitors the details of financial transactions to identify money laundering and terrorism financing.
The royal commission recommends an information-sharing agreement be sought with AUSTRAC and that the gambling regulator get help from an external expert on anti-money laundering to help it comply with its obligation to better regulate the way in which a licensed casino manages its money laundering and terrorism-financing risks.
There is also a suggestion that there needs to be more detailed guidance on how a conflict of interest perceived or real could arise for a person working for the gambling regulator.
It identifies four areas in which the code of conduct of the gambling regulator should be updated to provide more detailed guidance for individuals charged with regulating casino and gambling businesses.
A prohibition on participation in casino gambling is already covered in the documents but other ways in which a person working at a regulator might be compromised needed greater detail.
It may not be advisable for GWC members to stay at a hotel at the Crown Perth Resort because there is a potential for gratuities to be provided, such as a free room upgrade or a free bottle of champagne, which may be perceived as benefits being provided by reason of the persons position as a member of the regulator, the report says.
Concerns were also raised in the report about the possibility of personal relationships between people working at the regulator and individuals working at the casino affecting independence and objectivity.
Personal relationships between officers of the regulator and officers of the licensee, if not properly managed, have the potential to compromise the regulators objectivity and independence and the publics perception of the same, the report says.
The GWC Code of Conduct does not explicitly identify how personal relationships give rise to conflicts of interest and how such conflicts should be managed.
Further and clearer guidance is required, the royal commission report says, on conflicts that arise from the acceptance of gifts.
Gifts and benefits, whether received or given, give rise to conflicts of interest. This is not to say that every cup of coffee or biscuit at a business meeting should have to be declared, the report says.
The Code could deal with trivial or low-value gifts and benefits in the same manner as the Departments Gifts, Benefits and Hospitality Policy.
A range of other recommendations for the governance of the gambling regulator includes the introduction of a board charter that gets reviewed periodically, and a board-skills matrix be developed so that the regulators board has a guide to what skills are needed to properly regulate the sector.
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Practical implications for blockchain: safer gambling and AML discussed on iGaming Business webinar – CoinGeek
Posted: at 9:44 pm
On March 10, iGaming Business hosted a webinar on practical implementations for blockchain technology, safer gambling, and anti-money laundering (AML).
Many critics dismiss blockchain and the associated coins as nothing but a speculative asset attached to a distributed spreadsheet. However, as this insightful webinar shows, the technology is so much more than that, and it has the potential to revolutionize entire industries. Watch it or read a full summary below.
Introducing the webinar guests
This conversation involved:
Ai Ishii on why blockchain can help with safer gambling and AML
Ai begins by addressing the elephant in the room:why the heck do we need blockchain?She notes that blockchain is one of the most controversial technologies she has ever worked with, mostly thanks to thepump and dumpdigital currency industry and the 2017 ICOs that never delivered.
Ai notes that the industry has changed a lot since then. The first blockchain to be adopted for its utility was Ethereum, but its too slow,doesnt scale, and the transactions fluctuate wildly. All of this puts businesses off as they cant forecast the costs of using blockchain technology.
However, Ai notes that some companies have solved the scaling issues. The technology has matured and is ready for everyday use, but were still at the beginning of the era of adoption.
What are the main benefits of blockchain for the iGaming sector?
(i) Anonomyzing data using hash technology.
(ii) The immutable ledger develops trust.
Ai outlines the various problems blockchain technology can help within the industry. These include the societal damage of problem gambling in the United Kingdoma burden on the taxpayer of between 1.2 billion ($1.58 billion) to 2 billion ($2.64 billion) per year; and the increasing litigations against casino operatorsover 49 million ($64.60 million) of fines were issued in 2021 alone.
nChain has partnered with iGaming industry veterans Crucial Compliance and W2 to make player protection effortless and realize the Single Player View project.
Player protection in the iGaming industry with Single Player View
Drilling down intoplayer protectionin more detail, Ai outlines how blockchain technology and some of the products nChain is developing in conjunction with its partners can help.
In short, blockchain can free up lots of resources for operators, ensure data integrity and compliance with regulations, and streamline and automate manual processes.Single Player View will allow for collaboration within the iGaming industry without jeopardizing the privacy of players. Ai rightly says that to truly achieve safer gambling, iGaming industry participants need to be able to collaborate and communicate across jurisdictions. Single Player View will allow them to do this.
An open discussion on safer gambling, AML, and Single Player View
After Ais excellent presentation, Becky opens the discussion by inviting other panel members to discuss their thoughts.
Warren begins by noting that these problems have been talked about for a long time in iGaming and other industries. Understanding customers across a network of contact points is challenging, and assessing the risks involved is complex. He echoes the perspective that multiple checks and processes for the same customer dont make sense. Simplifying the process is whats needed. He emphasizes a need to balance these needs without turning into big brother.
Paul echos that there has to be a collaboration between third-party providers, companies, and regulators. Storing the same data which has been logged the same way is key here. What we need is the industry to come forward to set the standards, he says.
Nick explains how player information remains private. The information itself is fed back to nChains productKensei, is hashed, and then a certificate indicating the timestamp of the interaction is sent back to Crucial Compliance, W2, the operator, or other relevant third parties. All of this is anonymous to everybody else, but it can be made available to anyone who is given permission to access it. This can allow for various use cases, such as allowing academics to pull the raw data without compromising player details.
What do regulators think about this technology?
Nick explains that the technology is still relatively new to most since were at the very beginning of the adoption curve. However, he also says that theyre beginning to warm to progressive tech that will help reduce harm and enhance compliance.
Warren adds that there is a lot of confusion about what blockchain is. He notes that it gets confused with crypto and likens it to early conceptions of the cloud and how people used to confuse it with WiFi. He finds that talking about its benefits such as speed, immutability, low cost, and the ability to move data quickly helps. Regulators need to understand that blockchain isnt something to be scared of.
Paul emphasizes that at this stage, its all about education.Crucial Complianceis listening carefully to regulators and what they want. Single View is an amalgamation of those desires; its one way they could all come together in one product. He says that leading with the products related to affordability checks, KYC, etc., helps, and then the next stage is to introduce the blockchain as a way to unify and anonymize the data. Theyve been talking to regulators inGibraltar, theIsle of Man, and other locations.
How familiar do players need to be with blockchain and tokens to use these products?
As a player, you dont need to know anything, Ai answers. She explains that if you can use a browser extension or a QR code, youre already at the technical level you need to be at. The blockchain is on the back end, and players dont have to worry about it.
Warren notes that his own level of knowledge of blockchain technology is elementary. He understands the main concepts, but W2 doesnt know how to put data on-chain on a technical level. This led to forming relationships with Ai and others who can facilitate this. Paul echos this sentiment, saying that itsnChains Kensei systemthat allows his company to interact with the blockchain easily.
Not all blockchains are created equalfees, energy output, and streamlining data
Nick says that the key to solving many of the blockchains problems is simply mining big blocks. This allows for millions of transactions to be processed quickly, it provides for sub-cent low fees, and because there are many more transactions going into blocks, the energy consumption per block is much lower.
Ai also emphasizes that actual source data isnt stored on the blockchain. Only the hash is stored on the chain. This protects everyone, including potentially vulnerable players and the operators themselves. She points out that while source data can be uploaded, it will be deleted to comply with GDPR, but the hash will be stored in perpetuity.
Paul also mentions that along with enabling operators and regulators to request data quickly and assuring them that its legitimate and valid data, this technology can also help players to view their own activity. Often, players that overspend or spiral into problem gambling want to know where they went wrong so they can analyze their own behavior.
In summary, all of these aims to make it quick, easy, hassle-free, and streamlined for all parties involved; players, operators, regulators, and other stakeholders. It also means greater data integrity thats easier to access.
Watch: CoinGeek New York panel, Blockchain Solutions for Responsible Gaming Compliance
New to Bitcoin? Check out CoinGeeksBitcoin for Beginnerssection, the ultimate resource guide to learn more about Bitcoinas originally envisioned by Satoshi Nakamotoand blockchain.
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Unexpected Benefits of Gambling Online (Sponsored content from Hovhannes Serobyan) – Varsity Online
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Whether its Poker, Texas Hold Em, Baccarat, or any other casino table game, online gambling offers you an excellent opportunity to join great communities of passionate players and to spend some quality time having fun. Who knows, you might even get the chance to play against a professional online gambler if youre lucky enough, or should we rather say unfortunate?
One of the many perks to online gambling is that no matter what time of the day it is, youre bound to find someone else who is as free and willing as you are to play a round or two, something that cant always be said about family or friends.
And so, not only is your playtime unlimited but so is the space in which you choose to play. In addition to playing on your PC, certain platforms offer you the chance to play from anywhere youd like using your smartphone. A lot of online casino websites have a special application for online gambling. Here you can find thelist of mercurynews of best online casinos
To the limitless time and space, you can add as well the endless number of rounds to be played, given that many online gambling games depend on the other players gameplay and their strategic choices when it comes to choosing which card to play next. And endless rounds to play are endless rounds of fun: its simple, youll never get bored!
In her book titled For Richer, For Poorer: A Love Affair with Poker, Victoria talks about her love for poker players, saying she loves anyone who playes poker because they spend their lives in the card room, and that is all because they leave their time tick as they keep playing hand after another.
Sometimes life can be too much of a heavy burden to bear, and you feel the dire need for a distraction. Thats where gambling online comes in handy as it offers you a moment of peace where you can turn a deaf ear to the outside noise and just relax and have some much-needed fun.
The greatest thing about online gambling is that its not only a wonderful opportunity for leisure; its a way of staying healthy as well, mentally speaking, of course. At the same time, as you have your fun, youre also developing your mental capacity because you are always searching for the best way to win. Therefore, the more you play, the stronger your memory gets, the sharper your reflexes are, and the more you can concentrate on things a lot easier. The risk of a neurodegenerative disease such as dementia or Alzheimers decreases because the wheels inside your brain are turning nonstop.
If you are a usual gambler, then you know how tiring it gets to put on your clothes, drive your car to the land-based casino, then go back home a winner or a loser. All that effort means you need to allocate time for the gambling habit you have specifically. Meanwhile, online gamblers dont need to waste their time doing that, and on the contrary, they can just use their smartphones at any dead time during the day, like while waiting for a bus at the bus station or during the break time the company.
Although it would be rather nice to up and visit Las Vegas and to play cards on the tables or run the slots of one of its many glamorous casinos whenever we fancy, sadly, we dont always get what we most wish for. And so, gambling online just has to be the next best thing and with all of its aforementioned unexpected advantages, you may not be settling for less after all.
Please gamble responsibly.
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Unexpected Benefits of Gambling Online (Sponsored content from Hovhannes Serobyan) - Varsity Online
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