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 Faces Legal Action from UK Gambling Commission for Unlicensed Gambling

The UK Gambling Commission (UKGC) has taken legal action against Sorare, a popular crypto fantasy sports platform, accusing it of offering unlicensed gambling services in the UK Sorare will face these charges in the Birmingham Magistrates' Court on October 4 The case revolves around Sorare's business model, which allows users to buy, sell, and..
2 years ago

Bitcoin Breaks $65K for First Time Since August

Bitcoin has surged past $65,000 for the first time since early August, reigniting interest among investors, especially in US-based spot Bitcoin ETFs The cryptocurrency reached $65,400 during US morning trading on Thursday, marking a 27% increase in just 24 hours This rise in Bitcoin’s price kicked off last week when the US Federal Reserve..
2 years ago

State Assembly Pushes to Ban College Sports Betting Deals in New Jersey

New Jersey lawmakers have taken a step toward banning partnerships between public universities and sports betting companies On Monday, the Assembly Higher Education Committee unanimously passed bill A4113, which would prevent state universities, such as Rutgers, from entering into agreements with sportsbooks However, the bill allows for certain..
2 years ago

PayPal Expands Crypto Services to U.S. Business Accounts

PayPal is expanding its cryptocurrency services to US business accounts, allowing them to buy, hold, and sell digital currencies This new offering builds on the company's existing crypto services for individual users, which it has provided through PayPal and Venmo for several years According to PayPal, business clients have expressed growing..
2 years ago

Binance Assists Indian Authorities in Uncovering $47.6 Million Gaming Scam

Binance, the largest cryptocurrency exchange by trading volume, assisted India's Enforcement Directorate (ED) in apprehending four individuals in a $476 million scam as part of a significant crackdown on a fraudulent gaming operation Users were tricked by the fraud, which was centered around the Fiewin gambling software, into believing they could..
2 years ago

Freehold Raceway to Close After Nearly 200 Years of Racing History

Freehold Raceway, the oldest horse racing venue in the US, will cease operations on December 28 This closure marks the end of a nearly 200-year legacy Located in central New Jersey, the track has been a cornerstone of harness racing since its establishment in the 1830s Track officials announced the decision, citing insurmountable operational..
2 years ago

Understanding the Spectrum of Sports Betting Tax Rates Across the U.S.

The proper tax rates for gross gaming profits from sportsbooks continue to be a source of disagreement for US lawmakers The US Tax Foundation has published a comprehensive paper that delves into the various rates and their effects Although for different reasons, this research clarifies how states like New Hampshire, Rhode Island, and New York..
2 years ago

Caroline Ellison Sentenced to 2 Years for Role in FTX Fraud

Due to her role in the demise of FTX, Caroline Ellison, the former CEO of Alameda Research, was given a two-year prison sentence Ellison was also ordered to forfeit almost $11 billion by a federal judge who imposed the penalty Ellison will serve three years of supervised release after finishing her prison sentence Ellison was sentenced following..
2 years ago

Kraken Expands in Europe by Acquiring Leading Dutch Crypto Brokerage

In a significant move toward its European expansion, Kraken, a leading US-based cryptocurrency exchange, has acquired Coin Meester BV (BCM), a reputable cryptocurrency broker in the Netherlands With this action, Kraken's position in Europe is strengthened as it pursues new markets In a recent press release, Kraken stated that the acquisition of..
2 years ago

BC.GAME Partners with Lil Pump to Boost Online Gaming Experience

In an effort to improve the online gaming landscape, well-known cryptocurrency and sports betting company BCGAME has partnered with well-known rapper Lil Pump Following their latest relationship with musician Jason Derulo, BCGAME is once again a key participant in the entertainment and gaming industries This cooperation comes after their previous..
2 years ago

Kraken Appoints Natasha Powell as U.K. Head of Compliance

According to people familiar with the situation, well-known cryptocurrency exchange Kraken has named Natasha Powell as its new head of compliance in the United Kingdom Powell will start her position in November and will provide the company with substantial regulatory experience as it works through the rapidly changing crypto ecosystem Powell..
2 years ago

Coinbase Presses SEC for Clearer Crypto Regulations in Court Clash

Coinbase has stepped up its campaign for more transparent cryptocurrency laws, and on September 23, it challenged the US Securities and Exchange Commission (SEC) in a federal appeals court located in Philadelphia The largest cryptocurrency exchange in the United States has expressed loudly the need for an open and practical regulatory environment,..
2 years ago

ESPN Bet Set to Launch in New York Following NYSGC Approval of License

The purchase of Wynn Interactive Holding's online sports betting license by Penn Entertainment has received unanimous approval from the New York State Gaming Commission (NYSGC) With WynnBet's activities in New York coming to an end, Wynn made the option to sell its license Now that Penn Entertainment has secured a $25 million licensing..
2 years ago

Louisiana Reports Significant Growth in Sports Betting for August

The sports betting income data for August were revealed by the Louisiana Gaming Control Board, and they show remarkable increase The state had a $2345 million total wager handle for the month, a noteworthy approximately 52% increase in wager handling from the previous year Mobile sports betting in Louisiana brought in $2182 million in August, a..
2 years ago

Telegram to Comply with Legal Requests for User Data Sharing, said Pavel Durov

In response to complaints on the improper use of the platform's search function, Telegram CEO Pavel Durov recently announced modifications to the moderation guidelines Durov stated that people pushing illicit items have also taken use of Telegram's search feature, which facilitates access to public channels and bots Telegram has revised its..
2 years ago

Australia to Introduce Financial Licensing for Crypto Exchanges

Australian authorities are forcing exchanges to apply for financial services licenses in an effort to exert more control over the cryptocurrency business The Australian Financial Review (AFR) reported on this proposed regulatory move, which is anticipated to expand the present licensing regime beyond the rules governing digital currency..
2 years ago

Democratic Nominee Kamala Harris Addresses Crypto Industry for the First Time

Democratic presidential nominee Kamala Harris has publicly outlined her stance on cryptocurrency for the first time, pledging to foster growth in the digital asset sector and other emerging technologies, such as artificial intelligence Speaking at a fundraiser at Cipriani Wall Street in Manhattan on September 22, Harris emphasized her vision of..
2 years ago

Premier League Clubs Face Revenue Losses as Gambling Sponsorships Are Banned

Approximately 58% of Premier League clubs are expecting to suffer large financial losses, according to recent OLBG study Clubs could lose a total of £1266 million ($168 million) beginning in the 2026–2027 season as a result of the impending prohibition on casino sponsorships and front-of-shirt gambling How to make up for this loss before the..
2 years ago

Consensys’ Legal Battle with SEC Halted by Federal Court

In a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners, including Chair Gary Gensler, Consensys was unsuccessful in getting a ruling from a federal judge in Texas A court declaration that Ether (ETH) is not a security was sought in the April lawsuit, which also sought to stop SEC enforcement operations against..
2 years ago

SEC Approves Nasdaq to List Options on BlackRock’s iShares Bitcoin Trust

Nasdaq wants to list and trade options on BlackRock's iShares Bitcoin Trust (IBIT), and the US Securities and Exchange Commission (SEC) has given its approval Following a thorough evaluation procedure that started when Nasdaq filed the initial application on January 9, 2024, the clearance was confirmed on September 20 In order to give more..
2 years ago
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