Sports betting is the topic of several media reports nowadays thanks to the Supreme Court hearing on the matter that took place in December.
The case heard by the US’ that the greatest national court is often known as”Christie vs. NCAA”, with New Jersey governor Chris Christie looking for the right to legalize sports betting in the state he represents, arguing the federal law which prohibits gambling on sports — the skilled and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the respective states’ rights.
Sports betting, and gambling in general, are issues with names on each side of this argument. The business’ competitions usually argue that lawful gambling can undermine the integrity of sport that the PASPA is meant to protect, while its supporters point to Europe for example for the way the collaboration of the regulators and the business makes the gambling business safe, and also the way the PASPA has given birth to some huge underground betting business in the US that functions with no supervision. Thus, let us and see how things are different in the European Union and the US.
Europe: supervision and regulation
Pretty much every form of gambling online and in real life, is regulated inside the European Union. Locals can play with their favorite games at Royal Vegas casino online or visit one of those numerous land-based gambling venues, gaming stores, and other institutions that offer one of the many forms of lawful gambling. Sports betting as a company is at its house in Europe — some of the largest betting groups are either British or Scandinavian, using a handful of smaller businesses coming from Germany and Poland dominating the marketplace.
Sports gambling is regulated in the European Union with a solid set of laws governing it and legal. In any case, the biggest”players” from the industry have formed groups such as EGBA (European Gaming and Betting Association), an industry body based in Bruxelles, Belgium, which functions together with the authorities to construct a better and more comprehensive gambling regulation and the ESSA (Sports Betting Integrity) that gathers all major sports gambling businesses in Europe to protect the integrity of sports. The ESSA has a two-tier mechanism to do this: a powerful internal control system implemented by all of its members and an early warning system to detect any dubious betting patterns that can detect money laundering and match-fixing activities before the occasions bet on even take place.
Read more here: http://seherelhayat.ly/wp/?p=6956