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More unlicensed, domestic sports betting sites are operating under the guise of fantasy sports

Monday, December 5, 2022 4:48 PM
  • Marc Edelman, Forbes

Shortly before Thanksgiving, the New York Times ran a series of articles that criticized state gaming agencies for failing to enforce their own rules against licensed sports gambling operators. These New York Times articles pointed out that certain state regulators were licensing companies of questionable pedigree, including certain companies that were purportedly targeting college students.

But as much as there is a bona fide reason for concern about the behavior of licensed and regulated sportsbooks, there should perhaps be an even greater concern about another form of sports gambling operators—those that operate on the web without a license, and thus without any regulation whatsoever.