Like I mentioned previously. The American sports betting industry needs to watch the uk and other international markets to see what potential template that federal oversight would bring. Yes it would take years as you said and yes the gambling industry and I don’t know how Dina Titus a congresswoman in my state in Nevada that doesn’t want the feds to get involved for now.
Look none of us want federal intervention in the industry but they are making alot of dumb mistakes e.g. misleading promos on ads, the blowing off of the Massachusetts gaming commission when discuss limits plus the porter debacle that should of been either not allowed on the board or very low limits. In addition the gambling addiction stories plus harassment of athletes have been something bad for the industry.
The three ways I think the feds to get involved. A major scandal these we’ve had are minor compared to a star athlete or big university or team, two gambling addiction stories as seen in the uk which led to their reform act. Or three some disgruntled bettor that physically harms an athlete over a bet. Clearly the industry if they see federal involvement will of brought it on themselves as they didn’t do enough self regulation via their really bad mistakes
Now the solutions for the industry so they can avoid the feds getting on them.
One NO misleading ads you advertise something it needs to be clear. The misleading ads which a lot of the public doesn’t read which I do not like have terms and conditions that are hidden. A more educated public with these things could alleviate the problem of gambling addiction but I’m not so sure which leads to point two a thing for the public that a lot of are new to this industry.
Two bankroll management the public needs to be taught that concept of disclipined play when gambling on sports or at the casinos.
Three the lack of transparency by the industry at gaming commission hearings like how they blew off Massachusetts or didn’t provide solid data with the ncaa player prop ban in Ohio which personally I didn’t like how it was rushed in a lot of states without a careful middle solution but that’s a different story and discussion for later. That one with the limiting discussion I don’t know what Massachusetts will do with the licesened operators which all of them answer to their shareholders and not the player. They need to be truthful with data on limiting winners and in the whole prop bet ban debate how much it would actually hurt their revenue directly from them and not any of these investment firms that may provide bad projections.
Four better education by the leagues and better tools by operators to immediately make sure those not allowed to bet like college athletes, baseball players on players etc occurs. You cannot have flaws in which in case of the baseball players go undetected in case of Marciano for betting on his team a couple of years later. This solution it needs innovation.
The harassment issue that one I give credit to some legislators for trying to tackle it but those banned from the states legal market could just go offshore or to a bookie. A code of conduct that each operator provides may solve the problem but it has to not be too Intrusive as you might drive some offshore if you go overboard in that regard. Plus detecting threats right away from their end too and not waiting for the bad stories like from the USA Today to come out.
Like I mentioned previously. The American sports betting industry needs to watch the uk and other international markets to see what potential template that federal oversight would bring. Yes it would take years as you said and yes the gambling industry and I don’t know how Dina Titus a congresswoman in my state in Nevada that doesn’t want the feds to get involved for now.
Look none of us want federal intervention in the industry but they are making alot of dumb mistakes e.g. misleading promos on ads, the blowing off of the Massachusetts gaming commission when discuss limits plus the porter debacle that should of been either not allowed on the board or very low limits. In addition the gambling addiction stories plus harassment of athletes have been something bad for the industry.
The three ways I think the feds to get involved. A major scandal these we’ve had are minor compared to a star athlete or big university or team, two gambling addiction stories as seen in the uk which led to their reform act. Or three some disgruntled bettor that physically harms an athlete over a bet. Clearly the industry if they see federal involvement will of brought it on themselves as they didn’t do enough self regulation via their really bad mistakes
Great points
Now the solutions for the industry so they can avoid the feds getting on them.
One NO misleading ads you advertise something it needs to be clear. The misleading ads which a lot of the public doesn’t read which I do not like have terms and conditions that are hidden. A more educated public with these things could alleviate the problem of gambling addiction but I’m not so sure which leads to point two a thing for the public that a lot of are new to this industry.
Two bankroll management the public needs to be taught that concept of disclipined play when gambling on sports or at the casinos.
Three the lack of transparency by the industry at gaming commission hearings like how they blew off Massachusetts or didn’t provide solid data with the ncaa player prop ban in Ohio which personally I didn’t like how it was rushed in a lot of states without a careful middle solution but that’s a different story and discussion for later. That one with the limiting discussion I don’t know what Massachusetts will do with the licesened operators which all of them answer to their shareholders and not the player. They need to be truthful with data on limiting winners and in the whole prop bet ban debate how much it would actually hurt their revenue directly from them and not any of these investment firms that may provide bad projections.
Four better education by the leagues and better tools by operators to immediately make sure those not allowed to bet like college athletes, baseball players on players etc occurs. You cannot have flaws in which in case of the baseball players go undetected in case of Marciano for betting on his team a couple of years later. This solution it needs innovation.
The harassment issue that one I give credit to some legislators for trying to tackle it but those banned from the states legal market could just go offshore or to a bookie. A code of conduct that each operator provides may solve the problem but it has to not be too Intrusive as you might drive some offshore if you go overboard in that regard. Plus detecting threats right away from their end too and not waiting for the bad stories like from the USA Today to come out.