CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a report raising alarms over the impact of unlicensed operators on US gambling. The study indicates that states which have legalised online gambling see a significant increase in consumer losses, particularly where unlicensed competitors thrive due to less regulation.
Key Points
- CFG’s report underscores rising consumer harm in states legalising online gambling without robust enforcement against unlicensed operators.
- States with dual online betting (sports and casino) experience the highest per capita gambling losses, vastly exceeding those without legalised options.
- Unlicensed operators offer better bonuses and fewer restrictions, directly undermining regulated markets.
- The report challenges the notion that legalised gambling simply diverts business from unlicensed firms; instead, both markets are growing concurrently.
- CFG calls for urgent regulatory reforms to ensure the integrity of the gambling landscape while protecting consumers.
Why should I read this?
If you’re interested in the future of gambling regulation, this report is crucial. It highlights significant flaws in current regulations and raises concerns that could affect players directly. Understanding these dynamics is vital for anyone engaged in online gambling, from casual players to industry professionals.
