Sunday, December 11, 2011

Sports Wagering Update

I recently had a chance to listen in on an iGaming Business-sponsored webinar about developments in New Jersey and more general topics related to the legality of sports wagering in the USA. Joe Brennan of iMEGA was the featured speaker. The recent state-wide vote in New Jersey has garnered a lot of attention. However, a quick perusal of my research file devoted to this issue revealed three other recent developments that deserve mention.

1. Earlier this month, prosecutors in Massachusetts were able to secure the first conviction under the Unlawful Internet Gambling Enforcement Act of 2006. The person convicted was previously affiliated with an offshore sports book. The official press release can be found here.

2. The Las Vegas Review-Journal is reporting that authorities have indicted an individual in a probe related to the false reporting of information. The individual is alleged to have bet on behalf of ACME Group Trading, an entity connected to prominent sports bettor Billy Walters. Nevada law prohibits the use of "runners" who place bets on the behalf of others. The 60 Minutes profile of Billy Walters can be found here.

3. Developments in Europe dwarf those in the United States. Given the vast number of cross-border issues inherent in sports gambling, the European Court of Justice (ECJ) has been busy adjudicating a large number of claims. Tassos Kaburakis and I recently collaborated to write a short primer on a handful of important ECJ cases. Our article was recently published in the Journal of Gambling Business and Economics. The abstract is below:

Given its high level of regulation, the gambling industry must be able to react quickly to litigation and resulting change in policy (and enforcement thereof). Using a case study approach, this short paper highlights how the twin issues of policy and litigation have recently impacted the gambling industry in the European Union. Examples focus on recent developments in the EU that outline the relevant contours of the European Court of Justice's jurisprudence, with a special emphasis on the dynamic situation in Greece. These examples shape the ensuing discussion of the future of both the regulation and litigation of the EU's gambling industry.