Sports gambling is the topic of many press reports nowadays thanks to the Supreme Court hearing.
The case heard by the US’ the highest national court is often referred to as”Christie vs. NCAA”, together with New Jersey governor Chris Christie looking for the right to legalize sports betting in the state he represents, arguing that the federal law that bans gambling on sports — the skilled and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the individual countries’ rights.
Sports betting, and gambling in general, are divisive issues with hefty names on each side of the argument. The business’ opponents usually assert that lawful gambling can threaten the integrity of sport the PASPA is meant to safeguard, while its supporters point to Europe as an example for the way the collaboration of these regulators and the industry makes the gambling business safe, and also how the PASPA has given birth to some huge underground betting company in the US that functions with no supervision. So, let us dive somewhat deeper into the issue and see how things are different in the US and the European Union.
Europe: oversight and law
Pretty much every form of gaming is controlled within the European Union. Locals can play with their favorite games at Royal Vegas casino online or visit one of the many land-based gambling sites, betting shops, and other institutions that offer one of the many types of legal gambling. Sports gambling as a company is at its house in Europe — some of the biggest betting groups are either British or Scandinavian, using a handful of smaller companies coming from Germany and Poland dominating the market.
Sports betting is regulated in the European Union having a set of laws and legal. In any case, the biggest”players” from the sector have formed groups like EGBA (European Gaming and Betting Association), an industry body established in Bruxelles, Belgium, that works together with the authorities to build a better and more comprehensive gambling regulation and the ESSA (Sports Betting Integrity) that collects all significant sports gambling businesses in Europe to safeguard 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 an early warning system to detect any suspicious betting patterns that may detect money laundering and match-fixing activities prior to the events wager on take place.
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