FanDuel Group Chief Executive Amy Howe said that while legal sports betting in the U.S. has become mainstream, illegal gambling operators online still pose a threat to the industry.
Thirty-five states and the District of Columbia have legalized sports betting, driving a boom in the gambling industry in recent years. Gambling companies have argued that the practice should be legalized because betting on sports has long been happening in the black market, including through offshore online sportsbooks.
Speaking at The Wall Street Journal‘s The Future of Everything Festival, Ms. Howe said consumers might not even be aware they are betting on an illegal, unregulated site.
