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Bet365 on a smartphone. Photo: Miguel Candela/SOPA Images via Getty Images

The Department of Justice announced the reversal of a 2011 opinion on the Wire Act on Monday, making the law applicable to all forms of gambling that cross state boundaries.

Why it matters: Online gaming and gambling has re-entered the mainstream since the Supreme Court's 2018 decision legalizing sports betting in the United States. The opinion could affect states such as Nevada, New Jersey, Pennsylvania and Delaware where online gambling is legal.

Be smart: The Wire Act is a law banning bettors from transmitting gambling data across states through the use of wire services such as telecommunications devices. The law has hardly been enforced federally because it's too unclear.

  • The act was originally created to prevent mob members from betting on rigged sporting events from state to state. It was also created at a time when the Internet didn't exist.
  • This expansion of the Wire Act won't matter if the language in the bill is too unclear.

Read the opinion:

Go deeper

Updated 18 mins ago - World

Russia announces end to massive troop buildup near Ukraine

Russia's Defense Minister Sergei Shoigu (L) with President Vladimir Putin. Photo: Mikhail Svetlov/Getty Images

Russia's defense minister said Thursday that massive military exercises near the border with Ukraine had been completed, and that he had ordered troops to return to their permanent bases by May 1, according to state media.

Why it matters: Tens of thousands of troops and heavy military equipment had been moved to the border of eastern Ukraine and the annexed territory of Crimea over the last month, sparking fears of a potential Russian invasion.

Dan Primack, author of Pro Rata
37 mins ago - Economy & Business

Private equity's other tax fight

Illustration: Rae Cook/Axios

Private equity is carefully watching the D.C. debate on corporate taxes, in which Senate Democrats seem to be settling on a 25% rate.

Zoom in: Marginal rates obviously matter, but for PE it's just an appetizer before the weedier work begins on issues like corporate interest deductibility.

Making sense of Biden's big emissions promise

Illustration: Sarah Grillo/Axios

President Biden's new U.S. emissions-cutting target is a sign of White House ambition and a number that distills the tough political and policy maneuvers needed to realize those aims.

Driving the news: This morning the White House unveiled a nonbinding goal under the Paris Agreement that calls for cutting U.S. greenhouse gas emissions by 50%-52% by 2030 relative to 2005 levels.