Sports betting is the subject of media reports nowadays thanks to the Supreme Court hearing on the matter that took place early in December.
The case heard by the US’ the highest federal court is frequently known as”Christie vs. NCAA”, with New Jersey governor Chris Christie looking for the best to legalize sports betting in the state he represents, asserting the federal law that prohibits gambling on sports — the Professional and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the respective states’ rights.
Sports betting, and gambling in general, are subjects with heavy names on each side of the argument. The business’ competitions usually argue that lawful betting can threaten the integrity of sport that the PASPA is meant to protect, while its supporters point to Europe as an 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 massive underground betting business in the US that functions without any supervision. Let us and see how things are different in the US and the European Union.
Europe: law and oversight
Pretty much every form of gaming is controlled within the European Union. Locals can play with their favourite games at Royal Vegas casino online or visit one of the numerous land-based gambling sites, betting shops, and other establishments offering one of the many types of lawful gambling. Sports betting as a business reaches its house in Europe — some of the biggest betting groups are British or Scandinavian, using a few smaller businesses coming from Germany and Poland dominating the market.
Sports betting is legal and regulated in the European Union having a set of laws. Besides, the largest”players” in the industry have formed groups like EGBA (European Gambling and Betting Association), an industry body based in Bruxelles, Belgium, that functions with the government to construct a better and more comprehensive gambling regulation and also the ESSA (Sports Betting Integrity) that collects all significant sports gambling businesses in Europe to protect the integrity of sports. The ESSA includes a two-tier mechanism to do so: a powerful internal control system employed by all of its members and also an early warning system to detect any dubious betting patterns that can detect money laundering and match-fixing actions prior to the events wager on take place.
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