Daniel Li

Daniel Li

iGaming.org Writer Crypto/Sports
A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.

EXPERTISE

  • Crypto
  • Trading
  • Sports Betting

Daniel's latest articles

Lawsuit Filed Against SEC for Delaying Report on Ethical Conflicts in Crypto Enforcement

The US Securities and Exchange Commission (SEC) has been sued by Empower Oversight for failing to provide a critical report on the agency's biased enforcement and ethical conflicts Despite many Freedom of Information Act (FOIA) requests, the study, which was finished more than a year ago by the SEC's Office of Inspector General, has not been made..
1 year ago

BlackRock to Launch Bitcoin ETP in Europe, Expanding Crypto Strategy

BlackRock (BLK), the world’s largest asset management firm with over $10 trillion in assets under management, is set to list a Bitcoin exchange-traded product (ETP) in Europe According to Bloomberg, the product will be based in Switzerland, and BlackRock could start marketing it as early as this month BlackRock's Continued Crypto..
1 year ago

Connecticut Moves to Ban Simulated Online Casinos and Sports Betting

The goal of the proposed measure (No 1235), which was submitted by the Connecticut General Law Committee on February 4, is to limit sweepstakes that involve "real or simulated online casino gaming or sports wagering" Additionally, according to sports betting and gambling lawyer Daniel Wallach on X, the proposed legislation makes participation in..
1 year ago

CFTC Requests Robinhood to Halt Sports Event Contract Availability

Robinhood Derivatives (RHD) recently received a formal request from the Commodity Futures Trading Commission (CFTC) to “not permit customers to access” sports event contracts, including those from the Pro Football Championship market The company has agreed to comply with the CFTC's request but will offer resolution options for customers who..
1 year ago

Federal Investigation into NBA Betting Scandal Expands to College Basketball

The ongoing federal investigation into illegal sports betting linked to the NBA has reportedly extended to college basketball Sources told ESPN that betting accounts tied to the gambling ring placed wagers against North Carolina A&T, Mississippi Valley State, and Eastern Michigan this season Authorities have already arrested six individuals..
1 year ago

Super Bowl Betting Expected to Hit $1.39 Billion, Says AGA

According to the American Gaming Association (AGA), there will be $139 billion in legal bets on this year's Super Bowl There will likely be a lot of betting activity during the Kansas City Chiefs vs Philadelphia Eagles championship game However, because of a change in methodology, this estimate is less than the $231 billion forecast from the..
1 year ago

Mississippi House Approves Mobile Sports Betting Bill, Moves to Senate

The Mississippi Mobile Sports Wagering Act, which was passed by the House with overwhelming support, brings Mississippi one step closer to legalizing mobile sports betting The bill now moves on to the Senate for additional review after an 88-10 vote The House has passed legislation pertaining to mobile sports wagering for the second year in a..
1 year ago

Kraken Secures MiFID License for Crypto Derivatives Expansion in Europe

A major milestone in its European development has been reached by Kraken, a prominent cryptocurrency exchange, which has obtained a Markets in Financial Instruments Directive (MiFID) license Kraken is able to provide cryptocurrency derivatives throughout the 27-nation European Union because to its license Kraken purchased a Cypriot investment..
1 year ago

Hawaii Advances Bill to Legalize Online Sports Betting, Joining Broader State Trends

The possibility of legalizing online sports betting in Hawaii has advanced Recently, HB 1308, a bill that may open the door for regulated online sports betting in Hawaii, was approved by the state's House Committee on Economic Development and Technology Hawaii News Now reported locally that there was no dissent to the committee's decision during..
1 year ago

Ohio Governor’s Tax Hike Proposal Targets Sports Betting Industry

Another significant tax increase may soon be implemented in Ohio's sports betting market The state would increase its sports betting tax from 20% to 40% if it were authorized This comes after Governor Mike DeWine boosted the tax rate from 10% to 20% in July 2023 by pushing through a budget The action marked a change from Ohio's formerly pro-gaming..
1 year ago

Kalshi Expands Access to Prediction Markets Through Brokerage Integration

By merging with brokerages, Kalshi, the online prediction market platform, is making a big move to increase the number of its users By making event-based trading more widely available, this action seeks to increase the number of people who can take part in prediction markets Stock traders will be able to access Kalshi's contracts in addition to..
1 year ago

Coinbase Acquires Spindl to Drive On-Chain Growth

The goal of Coinbase, one of the biggest cryptocurrency exchanges in the United States, is to onboard one billion users In order to help cryptocurrency developers become more visible, the firm has announced that it has acquired Spindl, an on-chain advertising platform In a blog post, Coinbase emphasized its goal of supporting developers in..
1 year ago

Senator Cynthia Lummis Challenges US Marshals Over Unanswered Bitcoin Questions

According to reports, US officials have not responded to Senator Cynthia Lummis' request for clarity on Bitcoin (BTC) that was confiscated from the Silk Road marketplace According to Bloomberg sources, Lummis' deadline of January 31 was not met by the US Marshals Service Lummis asked for information about the government's Bitcoin holdings, its..
1 year ago

Litecoin ETF Could Get SEC Approval Before XRP, Says Bloomberg Analyst

An exchange-traded fund (ETF) for Litecoin (LTC) may receive regulatory clearance before one for Ripple's XRP, according to a Bloomberg analyst Grayscale recently submitted a request to the US Securities and Exchange Commission (SEC) to turn its $161 million XRP trust into an exchange-traded fund (ETF), according to Fortune Other cryptocurrency..
1 year ago

India Reassesses Cryptocurrency Regulations During Global Policy Shifts

As the regulatory environment around the world changes, India is reviewing its cryptocurrency policies Ajay Seth, the secretary of economic affairs, acknowledged that a review has been necessitated by shifting global perceptions of digital assets India's cryptocurrency discussion paper, which was initially scheduled for September 2024, has been..
1 year ago

Colorado Sportsbook Revenue Drops Over 50% in December

The Colorado sports betting industry had a dismal year at the end of 2024, according to the Colorado Department of Revenue Sportsbooks processed $6484 million in wagers in December, which is essentially unchanged from the $648 million total in November The year-over-year reduction, however, was the more alarming trend For the first time since..
1 year ago

More Schools Could Be Caught in Basketball Game-Fixing Investigation

More schools may be involved in an expanding college basketball game-fixing investigation, according to reports The probe, which initially focused on former NBA player Jontay Porter and former Temple guard Hysier Miller, now includes Miami Heat guard Terry Rozier for his actions in a March 2023 game Authorities are looking into a potential..
1 year ago

Tether Reports $13 Billion Profit in 2024 from Bitcoin and Gold Gains

Tether reported a $13 billion profit for 2024, driven by rising Bitcoin and gold prices The company also increased its Bitcoin holdings for the first time since March, now holding nearly 84,000 BTC valued at around $78 billion by the end of the year The crypto firm behind USDT, the largest stablecoin, attributed $7 billion of its profits to US..
1 year ago

December 2024 Betting Handle Reaches $734 Million in Virginia

Virginia Lottery has published the sports betting figures for December 2024 The report shows a total handle of nearly $7344m, marking a 16% increase compared to the same month last year Online sports betting led the activity by generating almost $7295m in wagers during December In contrast, wagers placed at physical casino locations fell, with..
1 year ago

Grayscale Aims to Launch Spot XRP ETF on the NYSE

Grayscale Investments, which recently filed with the New York Stock Exchange (NYSE), is moving forward with its intentions to launch a spot XRP exchange-traded fund (ETF) By converting its current XRP Trust into an ETF, the company hopes to make it possible for fund shares to be traded on the open market By taking this additional action, Grayscale..
1 year ago
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