Sports betting is the topic of media reports thanks to the Supreme Court hearing on the subject that took place in December.
The case heard by the US’ the greatest national court is often referred to as”Christie vs. NCAA”, together with New Jersey governor Chris Christie looking for the best to legalize sports gambling from the state he represents, arguing that the federal law that prohibits gambling on sports — the Professional and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the individual states’ rights.
Sports betting, and gambling in general, are subjects with hefty names on both sides of this debate. The business’ opponents usually assert that lawful gambling can undermine the integrity of sports that the PASPA is meant to safeguard, while its supporters point to Europe for example for the way the collaboration of the regulators and the industry makes the gambling business safe, and how the PASPA has given birth to some huge underground betting company in the US that functions without any oversight. Thus, let us dive somewhat deeper into the issue and see how things are different in the European Union and america.
Europe: law and oversight
Pretty much every form of gambling, both online and in real life, is regulated within the European Union. Locals can play their favourite games at Royal Vegas casino online or visit one of those many land-based gambling venues, betting shops, and other establishments offering one of the many types of lawful gambling. Sports gambling as a company is at its house in Europe — some of the largest betting groups are British or Scandinavian, with a handful of smaller companies coming from Germany and Poland dominating the marketplace.
Sports betting is regulated in the European Union with a strong set of laws and legal. Besides, the biggest”players” in the sector have formed groups like EGBA (European Gaming and Betting Association), an industry body established in Bruxelles, Belgium, that works with the government to build a better and more comprehensive gambling regulation and also the ESSA (Sports Betting Integrity) that collects all major sports betting businesses in Europe to protect the integrity of sport. The ESSA includes a two-tier mechanism to do this: a powerful internal control system implemented by all its members and also an early warning system to detect any dubious betting patterns that may detect money laundering and match-fixing actions prior to the events wager on even take place.
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