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

Sorare Takes Legal Stand Against UKGC’s Claims of Unlicensed Gambling

The cryptocurrency-based fantasy sports platform Sorare has pleaded not guilty in response to accusations made by the UK Gambling Commission (UKGC) According to the commission, Sorare participated in unlawful gaming activities within the United Kingdom The UKGC's accusations focus on Sorare’s operations, asserting that the company breached..
2 years ago

DraftKings Shuts Down UK Daily Fantasy Sports Operations

In an effort to simplify its operations worldwide, DraftKings has formally closed its daily fantasy sports (DFS) in the United Kingdom With immediate effect, the decision will prohibit participants from the UK from taking part in any new DFS competitions as the company concentrates on more lucrative areas After launching DFS in the UK in 2016,..
2 years ago

SEC’s Ripple Appeal Decision a “Big Mistake,” Says Legal Analyst Jeremy Hogan

A cryptocurrency law expert has taken a strong stance against the US Securities and Exchange Commission's (SEC) move to appeal a recent ruling in its continuing legal battle with Ripple Labs In December 2020, the SEC initiated legal action against Ripple, alleging that the company had sold its digital asset, XRP, as an unregistered..
2 years ago

Kentucky Sports Betting Hits $2.39 Billion in First Year

Kentucky's first year of regulated sports betting has concluded with players spending over $239 billion on sports wagers The Kentucky Horse Racing Commission has published data covering the 12 months leading up to August, detailing the spending habits and revenue generated in the Bluegrass State The state launched retail sports betting on..
2 years ago

Betfred Shutting Down Virginia Operations on October 21

Betfred will cease its operations in Virginia on October 21 This announcement, found on the Betfred Sportsbook website, means the British bookmaker is already stopping new user sign-ups, deposits, and wagers across Virginia The restrictions took effect at 10:00 PM EDT on Tuesday The company plans to handle all remaining wagers by offering early..
2 years ago

Bruce Pham Admits Guilt in Scandal Involving Jontay Porter’s Betting Activities

As to an Associated Press article, gambler Bruce Pham, whose real name is Long Phi Pham, has acknowledged his involvement in a conspiracy involving wire fraud Basketball player Jontay Porter was fired by the NBA as a result of his involvement in this controversy involving sports betting Pham acknowledged that he had taken part in a scam that..
2 years ago

IMF Urges El Salvador to Tighten Bitcoin Regulation

The International Monetary Fund (IMF) has once again advised El Salvador to refine its approach to Bitcoin On Thursday, the IMF recommended narrowing the scope of the Bitcoin law and enhancing the regulatory framework surrounding the cryptocurrency ecosystem The IMF also suggested limiting the public sector’s exposure to Bitcoin, according to..
2 years ago

Kraken Launches Derivatives Trading Platform in Bermuda

Kraken, a leading cryptocurrency exchange, has expanded its global operations by introducing a new derivatives trading platform in Bermuda This expansion follows the company’s acquisition of a digital asset business license from the Bermuda Monetary Authority (BMA), according to a recent press release As US regulatory scrutiny on crypto..
2 years ago

California Tribes Aim for Sports Betting Initiative by 2026 or 2028

Tribal chiefs recently gathered at the California Nations Indian Gaming Association (CNIGA) summit and resolved to move forward with a sports betting proposition for the ballot in 2026 or 2028 They want to legalize sports betting in California, which is a big step in the right direction after earlier initiatives failed Renewed Push for Tribal-Led..
2 years ago

Mike Novogratz Identifies Key Catalyst to Spark Bitcoin’s (BTC) Next Surge

Mike Novogratz, the billionaire and CEO of Galaxy Digital, has expressed optimism about the future of Bitcoin and identified a key impending development that may raise its price In a recent interview with CNBC's Squawk Box, Novogratz emphasized that the cryptocurrency's next big driver may be options trading on Bitcoin exchange-traded funds..
2 years ago

CSMAS Opens Discussion on College Athletics and Sports Betting

Recently, in Indianapolis, the Committee on Competitive Safeguards and Medical Aspects of Sports (CSMAS) met to discuss the potential effects of sports betting on collegiate athletics The three NCAA divisions are currently debating whether to modify the current betting regulations, which is why this meeting is taking place During the..
2 years ago

Brazil’s Ministry of Finance Lists Approved Betting Platforms for Players

Regarding internet betting, the Ministry of Finance in Brazil has made a big regulation shift Only licensed bookmakers are allowed to offer services in the nation as of October 1 The goal of this choice is to provide a safer atmosphere for both players and respectable companies In reaction to an inflow of unlicensed operators who have supplied..
2 years ago

Court Ruling Greenlights Kalshi’s Election Betting Market Relaunch

After a protracted legal battle with the Commodity Futures Trading Commission (CFTC), Kalshi, a regulated US prediction market, has received permission to trade contracts on political outcomes On October 2, the United States Court of Appeals for the District of Columbia Circuit made a decision allowing Kalshi to once again market prediction..
2 years ago

Bank Pekao Embraces Blockchain to Safeguard Polish Art and Culture

The second-biggest bank in Poland, Bank Pekao, is utilizing blockchain technology to safeguard the cultural legacy of the country The bank has started an ambitious project called Archiv3, which aims to tokenize famous Polish artworks and guarantee their preservation for future generations, in collaboration with Aleph Zero Tokenizing Artworks for..
2 years ago

Kraken Ends XMR Trading and Deposits for European Customers

Kraken, a US-based cryptocurrency exchange, has announced plans to delist Monero (XMR) for clients in the European Economic Area (EEA) due to recent regulatory changes Starting October 31, all Monero trading and deposits for users in this region will end In its blog post, Kraken specified that trading for XMR markets like XMR/USD and XMR/EUR..
2 years ago

Denver Becomes bet365’s New U.S. Headquarters

Global sports betting company bet365 has officially chosen Denver for its US headquarters, creating nearly 1,000 jobs This decision was announced by the Colorado Office of Economic Development and Governor Jared Polis, marking a big step for the British-based company in expanding its US presence bet365's new office is located at One Platte on..
2 years ago

Crypto Market Drops 4% Amid Israel-Iran Conflict

On October 1, the crypto market took a hit, dropping over 4% amid escalating conflict between Israel and Iran Bitcoin and other top cryptocurrencies faced losses as the tension heightened market concerns Bitcoin lost 39%, falling below $61,200 This drop comes after Bitcoin briefly hit $65,000 last week Other major cryptocurrencies were also..
2 years ago

Brazil’s Social Development Ministry Moves to Restrict Online Gambling Payments

Brazil's Social Development Ministry is set to introduce a proposal next week aimed at restricting the use of social benefits for online gambling payments This initiative, reported by Reuters, arises amid rising concerns about financial management among low-income households benefiting from programs like Bolsa Família Bolsa Família, which has..
2 years ago

Sporttrade Launches Sports Betting App in Arizona with Quechan Tribe Partnership

Sporttrade, a sports betting company with its headquarters in Philadelphia, has officially released its app in Arizona, its fourth state in the union This launch comes after a strategic alliance with the Quechan Tribe of the Arizona and California-based Fort Yuma Indian Reservation Sporttrade wants to differentiate itself in the competitive..
2 years ago

Gemini to Close All Canadian Accounts by End of 2024

By the end of 2024, Gemini, the cryptocurrency exchange that the Winklevoss twins created, plans to terminate all customer accounts in Canada The exchange recommended users in Canada to take their money out of their accounts within ninety-nine days in a message they delivered on September 30, 2024 The email sent by Gemini explained the..
2 years ago
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