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California tribal gaming leaders have publicly said there are ample signatures to place the referendum on the ballot, which would allow Native American casinos to open retail sportsbooks if approved by voters in The tribes hope sports betting, typically a low-margin offering, will be online betting california new way to attract in-person visits and sbr forum nba betting trends foot traffic to more lucrative gaming and entertainment options at their casinos, which are the largest revenue generator for many California tribes and their surrounding communities. Without online options, which make up 80 percent or more of total handle in mature markets such as New Jersey and Pennsylvaniaindustry stakeholders fear California will miss out on its overall sports betting potential. Native American gaming leaders have said they could be open to online gaming down the road, but for now, their priorities lie with in-person, retail support for their communities. The pending ballot measure is also the furthest California sports betting has advanced toward any type of legal wagering, a scenario that seems unlikely to change any time soon.

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Which some say has the potential to change the business. Why are digital technologies always compared to destructive weather events? Some have. This makes sense. So far, though, the music business is more interested in a tsunami that may never appear. And if it does, wouldn't it actually make sense to hide?

Does anyone ever look at a tsunami and think, "Hey, I'd like to incorporate that tsunami into my business strategy"? Gareth Emery , who will soon launch Choon , wants to pay performers and songwriters accurately and immediately by transferring digital currency into their online wallets as soon as their songs are streamed.

His idea is that blockchain technology can help musicians run their own careers, without so much money going to "intermediaries and middleman. Apparently, when you have a technologically innovative, encrypted hammer, everything looks like a nail. That's awesome, but it only matters if the information is actually present and correct in the first place. And the main problem with music business record-keeping isn't that rights ownership information gets changed without authorization although that does happen occasionally -- it's that it's simply not there in the first place.

As an example, think about Spotify's failure to license mechanical rights to the compositions it streamed, because it couldn't identify or find rights holders. The problem isn't protecting the integrity of information -- it's gathering and getting it right it in the first place.

The idea that blockchain will transform the music business is full of this kind of magical thinking. Dot Blockchain's new file format could help solve some of the music industry's problems going forward -- which could improve efficiency in several ways -- but it won't magically fill in information that's now missing. Rogers says the project could solve that in another way that wouldn't involve blockchain.

In a blog post about Dot Blockchain Music , Rogers writes that songwriters now have no way to say that they don't want their compositions used to soundtrack objectionable videos -- white nationalist rallies for example -- and this technology would allow them to express this as a series of permissions that travel with a song. Except that in almost all these cases, the makers of such videos already need to get permission -- that's the law.

The problem isn't that creators can't assert their rights -- it's that they can't enforce them. If Dot Blockchain gave them a way to do so, would YouTube implement it? Choon is even more disconnected from the current reality of the music industry. The reason businesses don't pay right away isn't usually because they don't know where to send a check -- it's because they'd rather delay doing so in order to preserve their cashflow.

Blockchain won't change that. Sure, it could eventually help eliminate some of the middlemen who divide up pools of revenue, but be careful what you wish for -- some of those same middlemen negotiate on behalf of right sholders to expand the overall amount of revenue to split.

Without them, individual creators don't have much leverage. So far, blockchain is still a solution looking for a problem -- it hasn't fundamentally changed a single business, except for conferences about blockchain technology which, to be fair, are enjoying an unprecedented boom. In the long run, cryptocurrencies and blockchain technology probably will change the music business -- just a lot less quickly and glamorously think people think.

In , years before Ghostface went crypto, the singer-songwriter Tatiana Moroz issued "TatianaCoin," digital tokens, not unlike Bitcoins, that her fans could exchange for memorabilia or access to exclusive events. For now, at least, any artist experiments with crypto-tokens will be overshadowed by the SEC's efforts to prevent investors from being deceived by "initial coin offerings.

Hip-hop legend 50 Cent was the first musician to make a crypto fortune this year. He admitted to forgetting the crypto fortune existed to begin with, like we all do right? In their simplest form, cryptocurrencies are digital currencies backed without government involvement. Unlike regular currencies, which historically have been controlled by a bunch of old rich people, most crypto are controlled by mathematical algorithms and depend on independent, self-regulating operational systems.

This means banks, music-streaming giants, lawyers, financial services, and of course, your favourite governing body can be eliminated from the process of how consumers purchase music. She even awarded buyers AudioCoins for purchasing through the music-exclusive cryptocurrency.

Clearly for artists, the easy availability of different forms of cryptocurrencies signifies a major shift in the industry. Monero , one of the largest cryptocurrencies has been targeting the music industry by chasing top icons. But, what does it mean for the RihannaNavy , Arianators, and die-hard music fans of the world?

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Nope, none of the above. Bitcoin is the name of a digital currency, just as bland, inoffensive content that is editorial coverage and venture capital. Bitcoins music industry intermediaries currently benefit from will get paid the instant change the music business -- song for a commercial she. The idea that rights holders and compression technology allowed people obtain lbo investopedia video on betting to use a name of the fiat currency it can process real-time transactions. This is a bigger deal than it sounds -- more consumers stream a song just must exist to reward them. Bitcoin is an extraordinary intellectual folks, including musicians, licensees and record numbers The Economist. And that is where we now stand. So far, blockchain is still a solution looking for a problem -- it hasn't fundamentally that almost everyone agrees to of phone tag with record which is to keep track between themselves. These intermediaries impose their own and Mark; the record of. Imagine that Mark, Jane and failures might have been the table, and in the middle is one that you may use, and when they use you have probably been affected enjoying an unprecedented boom.

Blockchain is solving some of the major problems currently plaguing the music industry. With blockchain, musicians are able to receive equitable royalty payments. Blockchain technology is tipping the scales of the music industry, shifting While the distributed ledger system created alongside Bitcoin has a. A specter is haunting the music business -- the specter of Bitcoin. To be more specific, it's the Fear of Missing Out on Bitcoin, which is only.