In the U.S., the residents of over thirty states and D.C. can now legally place wagers on pro and college sports, but any gamblers living outside those areas are stuck making their bets the old-fashioned way – either by using illegal local bookies or unregulated offshore sportsbooks.
Battling these illicit operators is a full-time job for the Malta Gaming Authority (MGA), a group that was one of the first regulators to offer laws that control the activity of online gambling operators in order to create a secure gaming environment for consumers.
Given the reasonable taxes in Malta and the prestige of the MGA license, it’s no wonder that so many gambling companies base their operations there, and those sportsbooks that don’t and remain unregulated yet available are exactly what the MGA just warned consumers about.
In a statement released last week, the gaming authority said:
The MGA would like to remind consumers not to utilize services provided by an entity unless they have ascertained that the entity in question is authorized to provide such services by the MGA. The gaming regulatory framework obliges authorized persons to comply with strict legal requirements in the interest of consumers.
It’s a matter of better safety.
It takes a tremendous amount of faith to place a bet online since you must trust that sportsbook with your bank information and other personal data as well as trust that they will pay out in the event of a win, and the MGA reminds us that some companies do break that trust:
The activities of unlicensed entities are unregulated and do not provide the necessary safeguards delineated by virtue of the framework, making transactions with such entities risky for consumers.
The MGA makes it their duty to ensure that gaming is “fair and transparent” to the bettors, and they do this by focusing on:
Bill Miller, CEO of the American Gaming Association, has similarly warned online gamblers about these unregulated operators and the risks involved in using them, telling the media these companies are “becoming a serious threat to the legal, licensed gaming industry.”
Having those safeguards in place helps to make gambling secure and fun.
Of course, this is not the first attempt to warn the public about these unregulated operators, and earlier this year the American Gaming Association went as far as to write a letter to the U.S. Attorney General requesting federal help in eliminating these illicit companies.
The AGA asked the Justice Department to investigate some of the best-known offenders of federal and state gambling and money laws and shut down those operators or at least prevent them from advertising to consumers in the United States.
Multiple U.S. lawmakers also wrote to the A.G. requesting a federal crackdown on these illegal gambling operators, but so far there has been no official response to any of these letters so in the meantime desperate bettors are still using those sites to place their bets.
As more U.S. states legalize sports betting, expect more and more of those illegal sportsbooks to look elsewhere for suckers to bet, but in the meantime, the MGA and AGA will continue to keep as much of that industry regulated and as safe as possible.
Entain Fdn. “Superheroes of Responsible Gambling” NFTs Now Up for Auction
BETTING | 7 December - 05:27 | Mike Lukas
Illegal Gambling Robs U.S. of $13.3B in Annual Tax Revenue, AGA Report Shows
BETTING | 6 December - 05:57 | Mike Lukas
Former MLB Player Puig Now Pleading “Not Guilty” to Lying in Sports Betting Case
BETTING | 5 December - 07:19 | Mike Lukas
Mike Lukas is a retired standup comedian turned freelance writer now living in Dallas, Texas, originally from Cleveland, Ohio. His love for the game of football and all things Cleveland Browns turned Mike into a pro blogger years ago. Now Mike enjoys writing about all thirty-two NFL teams, hoping to help football gamblers gain a slight edge in their pursuit of the perfect wager. Email: [email protected]More info on Mike Lukas
© Rebel Penguin ApS 2022 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. If you feel like you're losing control over your gambling experience, call 1-800-GAMBLER (NJ, PA, WV), 1-800-9-WITH-IT (IN), 1-800-BETS-OFF (IA), 1-800-522-4700 (NV), 1-800-522-4700 (CO, TN), 1-855-2CALLGA (IL), 1-800-270-7117 (MI).
WSN.com is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.