Sports betting in the USA is quite a complicated subject that has been discussed a lot in the past year. The laws on this sort of gambling differ from state to state as well as being completely different for those living in Latin America. Here, we are going to discuss exactly what is going on with sports betting in America right now.
Regulations in USA
The sports betting regulations in the USA have recently changed the entire market for this country. Thanks to a decision made by the Supreme Court in May of 2018, sports betting was allowed to be legalised on a state-by-state basis. This has meant that a select few states including Delaware and New Jersey have seen drastic changes in the law and now allow sports betting to take place. This is a huge victory for both sports betting fans and operators.
It is expected that more states will adopt this law although there are still a lot of questions about how the law on gambling should be interpreted. A recent ruling on the Wire Act caused more questions to appear on the interpretation of it and this is something which could have a huge effect.
Regulations in Latin America
Just like in the USA, the laws in Latin America differ depending on where you are based. While sports betting has not been legal throughout most of Latin America, there have been some steps forward in certain countries in the recent past. For example, the president of Brazil recently signed a bill to allow for fixed-odds sports betting in this country.
On the other hand, people in countries like Argentina are able to enjoy sports betting on offshore sportsbooks although this is not entirely legal. This means that it isn't as popular as it could be but there is room for improvement if it were made legal on a wider scale.
UK market differences
The regulations in the UK are very different to those in the USA or Latin America, with sports betting being legal across the country. As long as a casino or sports betting site is licensed by the UK Gambling Commission, they are allowed to operate and let players place bets on sports. You'll find that the laws on casinos in the USA are much less strict than those that surround sports betting. This is not the case for the UK market, with all types of gambling being legal.
Of course, in the UK there are more regulations appearing every year and the UK Gambling Commission is getting stricter as time goes on. This obviously has a massive effect on the industry and makes it comparable to the US market. 2019 will be tougher for casino operators in the UK, says Lucky Admiral Director of regulations. We expect to see more regulations, taxes and much more that will affect the market.
Final verdict
Although sports betting and other forms of gambling are legal in the UK, you could compare them to the market in the USA or Latin America. Sports betting is not legal across the countries, but the strict regulations tend to be close to those which are starting to appear in the UK.
Make sure to look out for more US states and Latin American countries starting to make sports betting legal in the near future. The gambling market in these countries is very unpredictable when it comes to online gambling and sports betting, but it still has huge potential. For now, however, sports betting in the US is only legal in certain states, which is something to consider if you want to move across to this market.
