Market News - Integrity

With sports gambling surging, federal regulation may be coming

The article discusses the rapid expansion of sports gambling in the United States following the 2018 Supreme Court decision that overturned the Professional and Amateur Sports Protection Act (PASPA). This ruling allowed states to legalize sports betting, leading to a surge in both legal and illegal gambling activities. Concerns have arisen regarding the integrity of sports, with instances of match-fixing and corruption becoming more prevalent. In response, there is growing momentum for federal regulation to establish consistent standards across states, aiming to protect the integrity of sports and address issues related to gambling addiction. Lawmakers are considering various legislative measures to oversee the industry more effectively.

View the original full article here: https://www.seattletimes.com/business/with-sports-gambling-surging-federal-regulation-may-be-coming/

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