CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has published a report revealing a troubling rise in consumer losses in states with legalised online gambling, particularly where unlicensed operators thrive. The findings suggest that consumer harm escalates in such environments, signalling a need for urgent regulatory reforms.
Key Points
- States with legalised online gambling see an increase in consumer losses as unlicensed operators flourish.
- The report classifies US states based on their online gambling regulations, highlighting the losses associated with each category.
- In states allowing both online sports betting and casino games, per capita gambling losses are significantly higher.
- Unlicensed operators exploit regulatory gaps, offering better promotions and avoiding compliance costs.
- CFG calls for stronger regulatory measures to manage unlicensed online gambling effectively.
Why should I read this?
If you’re interested in the evolving landscape of online gambling in the US, this article sheds light on the stark realities driving consumer losses amid regulatory weaknesses. It’s a critical wake-up call for stakeholders if we want a fair gambling environment!
