One comment I have heard from European gambling regulators is that they fear the US will repeat a lot of the mistakes that Europe has made in the past decade of regulating online gaming. As the old saying goes, those who do not learn from the mistakes of their European neighbors are bound to repeat them, or something like that.
iGaming Business is reporting that the cross-party Culture, Media and Sport Select Committee has published its report into the current state of gambling legislation in the UK and has called on the government to further deregulate the activity in recognition of its global nature.
According to a report from the BBC, the Committee’s report found that current regulations are ‘outdated’ and ‘ill-equipped’ to deal with social and technological changes and recommended that online gambling taxes be set at a ‘correct level’ in order to encourage offshore firms to return to UK.
The Committee stated that the 2005 Gambling Act, which sought to liberalise the industry and came into force in 2007, had resulted in ‘numerous inconsistencies’. “The ‘reluctantly permissive’ tone of gambling legislation over the last 50 years now looks outdated. It is also inadequate to cope with the realities of the global market in online gambling …”
We can only hope that when legalization of online gambling comes to the US in whatever form it takes, it is structured in a way that honors the “realities of the global market.” Lawmakers, if you’re not sure what that means, I suggest following the lead of Nevada and consulting with experts such as the Alderney Gambling Control Commission.
CLARK.LAW
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