CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a revealing study in collaboration with Yield Sec, highlighting alarming trends in consumer losses in states that legalise online gambling without properly regulating unlicensed operators.
Key Points
- The report indicates that consumer harm escalates in legalised online gambling states lacking enforcement against unlicensed businesses.
- States with only online sports betting report per capita gambling losses of 0.77%, which rises to 1.12% in states allowing both sports betting and online casinos.
- Unlicensed operators lure consumers with bigger bonuses and fewer restrictions, undermining the regulated market.
- Inadequate state regulations are deemed a systemic failure, allowing the unregulated market to thrive alongside legal options.
- The CFG calls for an urgent overhaul of regulatory measures to ensure stronger enforcement against unlicensed gambling.
Why should I read this?
If you’re interested in the future of gambling regulation and consumer protection, this study is a must-read! It paints a stark picture of how lax enforcement is hurting legalised markets and consumers alike. Dive into the details to understand the challenges and implications for the industry.
