{"id":889,"date":"2015-06-01T23:55:09","date_gmt":"2015-06-01T23:55:09","guid":{"rendered":"https:\/\/ycgts.shop\/?p=889"},"modified":"2024-09-25T10:30:19","modified_gmt":"2024-09-25T15:30:19","slug":"more-calling-for-clear-online-gambling-regulation","status":"publish","type":"post","link":"https:\/\/ycgts.shop\/more-calling-for-clear-online-gambling-regulation\/","title":{"rendered":"More Calling for Clear Online Gambling Regulation"},"content":{"rendered":"\n

This post contains outdated info. Click here for the latest US betting news<\/a>. <\/em><\/p>\n\n\n\n

In between Sheldon Adelson scaring us all with his promises to ban online gambling \u201cwhatever the cost\u201d and various anti-gambling bills<\/a> proposed at the federal level, there is some reason for optimism over the long run. There\u2019s a small but unmistakable trend calling for better regulation of online gambling.<\/p>\n\n\n\n

Regulation<\/em> is the key word there, and it has a distinctly different definition than prohibition<\/em>.<\/p>\n\n\n\n\n\n\n\n

If we remember back to November of last year, NBA Commissioner Adam Silver penned a surprising op-ed in the New York Times calling for the legalization<\/a> and regulation of sports betting. He didn\u2019t specifically address online gambling, but the opinion piece serves as a nice example of changing attitudes.<\/p>\n\n\n\n

More recently, a study<\/a> published by Michigan State University noted that the online gambling industry stands to benefit from sensible regulation. The study notes that today\u2019s US gaming laws are complex, contradictory, poorly written, misunderstood, and sporadically enforced. Whenever we get a clearer picture of gaming laws, publicly traded gaming companies grow in value.<\/p>\n\n\n\n

The MSU study noted that when the DOJ gave the go-ahead for individual states<\/a> to legalize online gambling within their borders, the value of publicly traded gambling firms rose by 3.5%. There\u2019s a natural feedback loop there. Effective gambling regulation results in better results for the firms, which gives them more money to throw at more positive gambling regulation.<\/p>\n\n\n\n

If you follow US gambling industry news, you may also notice an uptick in op-eds that call for legalization and regulation. Pennlive.com published an opinion piece<\/a> just a few days ago in which John Payne and Nick Kotik (Pennsylvania state reps) lay the case for legalization and regulation. As you might suspect, they argue that online gambling is already happening whether legal or not.<\/p>\n\n\n\n

The state might as well regulate the industry, tax it and enact protections for players.<\/p>\n\n\n\n

It doesn\u2019t take much research to find similar<\/a> opinion pieces<\/a> published in newspapers around the country. Sure, there is still plenty of opposition, but the number of pro-gambling pieces we see today is something we never would have imagined just 10 years ago.<\/p>\n\n\n\n

However, the best indicator of good things to come is the ever-increasing number of bills being proposed to regulate and legalize online gambling in the USA<\/a>. In just the past few months, we\u2019ve had a number of state-level bills that are still active as of this writing:<\/p>\n\n\n\n