The rise of sports betting in the United States has been remarkable, as more and more states are legalizing it, making it more accessible to the general public. With the convenience of being able to place bets right from your smartphone, it comes as no surprise that the popularity of online gambling has skyrocketed.
However, alongside the regulated betting industry, there exists an unregulated world of online gambling. This unregulated betting market is extensive, and due to its unregulated nature, the actual size and scope of it is not fully known. Despite the lack of regulation, individuals are able to place bets on a wide range of events, from political elections to international conflicts such as the ongoing war between Israel and Hamas.
To shed more light on the issue of unregulated online gambling, Timothy Fong, co-director of the UCLA Gambling Studies Program, provided insight on the matter. Fong discussed the growth and impact of unregulated betting, as well as the potential risks and consequences associated with it.
As more individuals engage in online betting, concerns about the lack of regulation and oversight in this space continue to grow. Fong’s expertise sheds light on a significant and often overlooked aspect of the expanding online gambling industry.
It is clear that as the popularity of sports betting continues to rise, both regulated and unregulated forms of gambling will play a defining role in shaping the landscape of the industry. As the conversation around online gambling continues, it is important to address the implications of unregulated betting and to consider potential measures for safeguarding consumers in this rapidly evolving market.