Copyright 2017 - Custom text here

In a New York Times op-ed from the year 2014, we had seen the NBA Commissioner, Adam Silver talking with emphasis, about bringing sports gambling into the light. 

Legally, still sports gambling is illegal by all means, but everyone knows how bug a joke that is in American Sports. Sports betting is very much active today. In fact, it was never really of the picture. There is a sizable demographic of people who oppose legalization of sports betting but others will say they are only fooling themselves. 

The American Gaming Association says that the U.S. residents put in around $4.2 billion on Super Bowl 50 and out of this huge number, 97 percent was gambled illegally. So most Americans are already indulging in illegal sports gambling on a regular basis, knowing very well about the repercussions of the same

Of course, when you look at it from a distance, there doesn’t seem anything terribly wrong with this, even the President sin. The trouble is with the unregulated nature of the market which makes these very murky waters to be in. It is, inherently, a terrible system and creates a whole subculture of sketchy bookies, who are recognized around as few of the most dangerous people in the gambling world.

DraftKings and FanDuel, which are two of the biggest companies in business as of today, pose problems such as legally requiring to be understood as encouraging any forms of gambling. Instead, as of today, they deny catering to any a form of gambling. And that is because, as soon as they admit to the same, it would imply violation of the Professional and Amateur Sports Protection Act of 1992 (or PASPA), which would be a terrible place to be in. 

Of course there is some level of difference between daily fantasy sports and traditional gambling. But then again they are similar in essentially being forms of gambling.  States like Massachusetts are soon setting example of the fact that this industry can easily be regulated, if only given proper attention. In fact, as soon as the questions of transparency and legitimacy are erased, the government can use these companies to their advantage.

Those who stand in favour of legalising betting games vehemently agree that legalization of sports gambling will make sure that demise of daily fantasy doesn’t happen. (The same has been facing legal fire in many states). The number of people who love daily fantasy is massive and their hearts will break if the industry shuts down.

The solution for this is seemingly obvious, although one would say that the way to it is not exactly easy. PASPA will need to be repealed and one should enable states to legalize and regulate sports gambling. This is a long and arduous task, although necessary.

One can imagine the sheer volume of funds changing hands in what is now illegal gambling, considering about 47 million Americans are breaking rules every day.