Sports betting is the topic of press reports nowadays thanks to the Supreme Court hearing on the subject that took place in December.
The case heard by the US’ the highest federal court is often known as”Christie vs. NCAA”, with New Jersey governor Chris Christie seeking the right to legalize sports betting from the state he represents, asserting the federal law that prohibits gambling on sports — the skilled and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the individual states’ rights.
Sports betting, and gambling in general, are divisive subjects with names on each side of the debate. The business’ competitions usually argue that legal betting can undermine the integrity of sport the PASPA is meant to protect, while its supporters point to Europe as an example for the way the alliance of these regulators and the business makes the betting business safe, and the way the PASPA has given birth to a huge underground betting business in the US that functions with no supervision. Let us and see how things are different in the European Union and america.
Europe: law and supervision
Pretty much every popular form of gambling, both online and in real life, is controlled inside the European Union. Locals can play their favourite games at Royal Vegas casino online or visit one of the many land-based gambling sites, betting shops, and other establishments that offer one of the many types of lawful gambling. Sports betting as a company reaches its home in Europe — some of the largest betting groups are British or Scandinavian, using a handful of smaller companies coming from Germany and Poland dominating the marketplace.
Sports gambling is legal and regulated in the European Union with a set of laws governing it. Besides, the biggest”players” in the industry have formed groups like EGBA (European Gambling and Betting Association), an industry body based in Bruxelles, Belgium, which works together with the authorities to build a better and more comprehensive gambling regulation and also the ESSA (Sports Betting Integrity) that gathers all major sports gambling businesses in Europe to safeguard the integrity of sports. The ESSA has a two-tier mechanism to do so: a potent internal control system employed by all its members and an early warning system to detect any suspicious betting patterns that can detect money laundering and match-fixing actions before the events wager on take place.
Read more here: http://seherelhayat.ly/wp/?p=6956