Sports gambling is the subject of many media reports thanks to the Supreme Court hearing.
The case heard by the US’ that the greatest federal court is often known as”Christie vs. NCAA”, together with New Jersey governor Chris Christie seeking the right to legalize sports betting in the state he represents, arguing that the federal law that bans gambling on sports — the Professional and Amateur Sports Protection Act of 1992 — is unconstitutional because it interferes with the individual states’ rights.
Sports betting, and gambling in general, are subjects with hefty names on each side of the debate. The business’ opponents usually argue that lawful betting can undermine the integrity of sports that the PASPA is supposed to safeguard, while its supporters point to Europe for example for how the collaboration of the regulators and the industry makes the gambling business safe, and how the PASPA has given birth to a massive underground betting company in the US that works without any oversight. So, let us and find out how things are different in the US and the European Union.
Europe: regulation and oversight
Pretty much every popular form of gambling is controlled inside the European Union. Locals can play their favorite games at Royal Vegas casino online or visit one of the numerous land-based gambling sites, betting shops, and other institutions that offer one of many types of lawful gambling. Sports betting as a business is at its house in Europe — some of the biggest 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 with 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 works with the authorities to build a better and more comprehensive gambling regulation and also the ESSA (Sports Betting Integrity) that collects all major sports betting businesses in Europe to protect the integrity of sport. The ESSA includes a two-tier mechanism to do so: a powerful internal control system implemented by all of its members and an early warning system to detect any suspicious betting patterns that can detect money laundering and match-fixing activities before the events wager on take place.