CFG Study Raises Concerns about US Offshore Gambling
Summary
A recent report by the Campaign for Fairer Gambling (CFG) reveals alarming trends in consumer losses in US states that legalise online gambling without effectively controlling the unlicensed market. The study, conducted with Yield Sec, highlights how unregulated operators exploit loopholes, leading to significant financial harm for consumers.
Key Points
- The CFG report shows a surge in consumer losses in states where online gambling is either partially or fully legal.
- Unlicensed operators can offer more attractive bonuses and operate without costly compliance, undermining licensed providers.
- States with only online sports betting see a higher GGR per capita compared to those where all online gambling is legal.
- 74% of online GGR in the US is generated by unlicensed operators, indicating a substantial regulatory gap.
- The CFG calls for urgent regulatory reforms to effectively oversee the online gambling landscape.
Why should I read this?
This article sheds light on a critical issue within the online gambling space that could affect many consumers. Understanding these findings can empower readers to make informed decisions about their gambling habits, especially in light of the rising influence of unregulated platforms. Don’t miss out on the details that could impact your choices!
.
