Regulated Sports Betting Necessary, According to NYC Police

According to the New York City police commissioner, illegal sports betting have become a huge disadvantage to society. The need for regulation Gaming enthusiasts have expressed openly how illegal gambling is affecting society. And with the growing trend of sports betting in the black market, gambling analysts strongly maintain that regulation measures on sports gambling is very much needed. With regulation procedures, analysts are hoping that wagering in the black market will finally draw to a close. Raymond W. Kelly has released a statement in a press conference conducted to announce a huge raid on sports betting. According to him, it is clear how illegal gambling as well as money laundering have been spawning more and more victims. Also, the money obtained from fraudulent sports betting activities are actually used in the financing and organizing of criminal actions as well as in fueling the financial needs of criminal industries. Federal ban Despite the existing federal ban on sports betting, state lawmakers are aware that sports betting are still a highly participated activity. While a federal ban exists on sports betting however, only those illegal and untaxed sports betting activities are considered unlawful. Among the rest of the states, Delaware and New Jersey are considered the leaders when it comes to battling against the NFL as well as the Department of Justice on making sports gambling unlawful. Representatives of the NFL continue to maintain that only a few percentage of its total fan population are actually involved in gambling. This statement was released despite proof to the contrary, as evidenced by the fact that football wagering has already reached astounding billions of dollars, on illegal plays alone. In an attempt by legislators to provide more protection to consumers as well as to generate more revenue, they plan on regulating this activity and maintain to this day that illegal sports betting have already resulted in considerable harm. 40 people arrested During the announcement, Kelly also spoke at length about the arrest of about 40 individuals in different states, due to illegal gambling. These people were accused of raking in almost $200 million over a span of three years. More about sports betting Sports betting primarily involve the prediction of sports results through a wager made on the result of any specific sporting event. The Professional and Amateur Sports Protection Act of 1992, makes sports betting illegal in the United States except in some states and in many countries in Europe. In Europe, accepting sports wagers is considered a profession, also known as bookmaking. While bookmaking is regulated, it is not criminalized in Europe. In the state of Delaware, the NCCA has issued a warning on banning all play off games in the state if college sports betting is legalized. New Jersey has expressed willingness on legalizing college sports betting but has nevertheless been threatened by the NCAA as well. Opponents of sports betting argue that the disadvantage brought by such wagering activities extends beyond the usual implications of gambling. Sports wagering puts unnecessary pressure on the integrity of both amateur and professional sports.