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Sportsbetting Industry Preps For Expansion
Representatives from across the sportsbetting industry met in New York City in order to discuss the future of sportsbetting at the Sports Betting USA conference. The focus was on the huge potential expansion coming should the United States Supreme Court (SCOTUS) rule in favor of a suit New Jersey brought to break Nevada’s current monopoly.
The case Christie v. NCAA — named for current New Jersey governor Chris Christie, who brought the suit on behalf of the state — is the first serious challenge to the current state of things in decades. It has operators both in Canada and beyond hoping for a chance to break into what is sure to be a very lucrative market.
“The people we have gathered together in this room represent the leading authorities from both sides of the debate who share a common goal, which is to usher in a new dawn of properly regulated sports betting which protects the integrity of sport and consumer rights,” said Ewa Bakun, the Head of Industry Insight and Engagement at Clarion Gaming.
Future Regulation Key
The attendees also took the time to discuss what any new regulators scheme should look like if SCOTUS rules in favor of NJ. Topics discussed included what types of laws and regulations would be advantageous for both consumers and operators, what form industry lobbying efforts should take, how to protect game integrity, and more.
“We have to educate the legislators and the regulatory authorities on how betting on games legally will help keep the game honest by seeing where the money is being bet and tracking who’s betting,” said Vic Salerno, the President of current fantasy sports operator US Fantasy.
NJ Expected To Carry The Day
The conference enjoyed a sense of optimism. All forms of gambling other than sportsbetting are already considered to be the domain of the various US state governments. In that sense, it makes little legal sense to have only wagering on sports explicitly outlawed. Therefore, it’s widely believed that SCOTUS will overturn the ban, removing one of the final anachronisms of the past in one fell swoop of the pen.
Oral arguments in the case will begin on December 4th of this year.