Betting Sports America Expert Panel: The Only Way to Eradicate the Black Market is Through Competition
The pace has not slowed down for sports betting legalization in the United States. Eight states are up and running today with close to a dozen currently working towards legislation.
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The Betting Sports America panelists discuss the different directions states are taking.
Florida-based attorney Dan Wallach asks why states haven't acted to block offshore sportsbooks via the IPs. Andrew Winchell (Government Affairs at FanDuel) James Kilsby (VP America at Gambling Compliance), Neale Deeley (SportsRadar VP of Sales) were mostly in agreement that the states will have a tough time tackling such a monumental task without federal oversight.
The only real answer to eradicating the black market: Be competitive.
Wallach raised eyebrows by questioning why IPs block child porn sites but not "illegal" online gambling websites.
Most of the panelists were also in agreement that this will be tough especially with the state tax factor.
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- Chris Costigan, Gambling911.com Publisher
