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I would love to do a sportsbook startup, take it legit. If only the US would change its antiquated laws, it could revolutionize the industry and prevent the ram
by nodesocket 11y ago
I would love to do a sportsbook startup, take it legit. If only the US would change its antiquated laws, it could revolutionize the industry and prevent the rampant fraud and shady business practices of current international online sportsbooks.
I wrote a blog post on this topic as well:
Online sportsbooks... A security and fraud nightmare.
http://justink.svbtle.com/online-sports-books-a-security-nightmare http://justink.svbtle.com/online-sports-books-a-security-nig...
- waterlesscloud 11y agoWhile betting on individual games is still tightly controlled in the US, Daily Fantasy Sports is considerably more open. Basically picking (and betting real money on) fantasy rosters on a daily basis. It's the one form of online gambling in the US that's relatively open, its carve out in the relevant laws was an explicit choice. It's got the support of the pro leagues and the broadcasters, so its lobby is pretty strong. It's an extremely fast growing market right now. Two major players have the lions share of the market, but there's a lot of activity around the fringes.
- nodesocket 11y agoBoth David Stern (previous) and Adam Silver of the NBA support sports gambling. If all major sports (NFL, MLB, NCAA) can get behind it, perhaps legislation can get pushed through. Once that happens, it will be another "space race" to build the first legal US based sportsbook.
- k-mcgrady 11y ago>> "Once that happens, it will be another "space race" to build the first legal US based sports book." Wouldn't it just be easy for existing non-US companies to expand into the US? They already cover US sports.
- deleted 11y ago[deleted]