Sports betting is the subject of press reports thanks to the Supreme Court hearing on the matter that took place early in December.
The case heard by the US’ that the highest national court is often referred to as”Christie vs. NCAA”, together with New Jersey governor Chris Christie looking for the best to legalize sports betting from the state he represents, asserting 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 respective states’ rights.
Sports betting, and gambling in general, are divisive issues with names on each side of the debate. The business’ opponents usually argue that legal gambling can threaten the integrity of sport that the PASPA is supposed to protect, while its supporters point to Europe as an example for how the collaboration of the regulators and the industry makes the betting business safe, and the way the PASPA has given birth to a huge underground betting business in the US that works with no oversight. So, let us dive a bit deeper into the matter and find out just how things are different in america and the European Union.
Europe: law and oversight
Pretty much every form of gambling online and in real life, is regulated within the European Union. Locals can play with their favorite games at Royal Vegas casino online or visit one of the numerous land-based gambling venues, gaming stores, and other institutions offering one of the many types of legal gambling. Sports betting as a company is at its home in Europe — some of the largest betting groups are either British or Scandinavian, using a few smaller companies coming from Germany and Poland dominating the marketplace.
Sports gambling is regulated in the European Union with a set of laws regulating it and legal. In any case, the largest”players” from the industry have formed groups such as EGBA (European Gaming and Betting Association), an industry body established in Bruxelles, Belgium, which functions together with the authorities to build a better and more comprehensive gambling regulation and the ESSA (Sports Betting Integrity) that collects all major sports gambling businesses in Europe to protect the integrity of sport. The ESSA includes a two-tier mechanism to do so: a potent internal control system employed by all of its members and an early warning system to detect any dubious betting patterns that can detect money laundering and match-fixing actions before the occasions bet on take place.
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