US Congress calls for a federal crackdown on the illegal offshore gambling market – Capital FM Kenya

Hi, what are you looking for?
Facebook to remove its live shopping feature
Innovation in government is key to developing thriving digital economies
Samsung eyes greater market share with the launch of foldable devices
Instagram sidelines TikTok-like features following complaints
Technology sector partners to launch digital talent program
Meta to launch ‘metaverse academy’ in France
PE firm Ascent Capital buys majority in Valley Hospital in Nakuru
Mastercard, OPay announce strategic partnership to grow cashless ecosystem
Does the 12pc minimum wage have a discernible effect on employment?
Telkom and Airtel subscribers to access Lipa na M-PESA services
Nzoia Sugar to resume operations after Sh500mn government bailout
KRA destroys illicit beverages worth Shs30 million
IMF agrees to resume Pakistan loan after fuel, tax hikes
Kenyans given up to August 5 to comment on draft National Tax Policy
Inflation rate slightly down in Ethiopia in June
IFC Managing Director Makhtar Diop sits down with Sauti Sol
Seasoned Content Creators Jacky Vike And Jaymo Ule Msee Offer Great Advice To Newbies
Creativity in Marketing: What it Takes to Create Powerful Campaigns
Capital FM, EABL and MSK in partnership to launch marketing-driven podcasts
AgriTechs bet on Kenya’s mobile coverage to make farming more productive
Capital FM’s Digital Director David Muba and EABL’s Head of Media Futures Waithera Kabiru Discuss their Digital Careers
The Importance of the Role of Marketing in an Organisation as told by Graham Villiers-Tuthill
Growth, Love and Education in the Life of Funke Michaels
Head of Brand and Marketing Communications at Safaricom, Carolyne Kendi, Shares Her Atypical Marketing Journey
Manish Sardana on Entrepreneurship, Leadership and What it takes to be Successful in a Digital World.
Capital FM commemorates anniversary of Chris Kirubi’s death
Finding Opportunity in the midst of the pandemic: AskKirubi
COVID-19: Lessons Learned and Future Direction for Entrepreneurs
Kirubi set to acquire half of Centum Plc following nod by CMA
Kirubi warns investors against fake cryptocurrency platform using his name
NAIROBI, Kenya August 9 – In recent years, many states across the US have legalized gambling. Prior to introducing regulatory frameworks for online gambling, Americans were still gambling, but under illegal circumstances.
It has been estimated that illegal gambling in the United States is a $150 billion industry. As a result, states were missing out on tax revenues and job opportunities. To combat the situation, states started introducing legalized gambling by focusing on the difficulties and extent of illegal gambling. These difficulties also included the harmful social impact illegal gambling had on society and the lack of control states had to safeguard private individuals.
An excellent example of a state that has embraced legalized online gambling is the state of New Jersey. Already in 2013, New Jersey legalized online gambling in the form of casinos, poker, and lotteries. Since then, the state has legalized daily fantasy sports, sports betting, horse racing and just about any gambling vertical available. As a result, the state of New Jersey has generated economic benefits, created thousands of jobs, and made it safer for private individuals to gamble.
However, the battle against illegal gambling is still ongoing. While it is more difficult for land-based operations to offer illegal gambling, for example, illegal bookmakers – the war wages on over the internet. So much so that the US congress recently wrote a letter to Attorney General, Merrick Garland from the DOJ (Department of Justice), urging them to take action against illegal gambling over the internet.
The situation of illegal online gambling is not exclusive to the United States. Almost every country in the world is struggling to combat illegal gambling sites that are operating offshore. And it is not a matter of illegal gambling on the dark web; any person can go on Google and search for ‘offshore online casino’ and find hundreds of offshore operators. Today it is practically impossible to prohibit US citizens from accessing these websites and applications. At the same time, these offshore operators are able to market and position their services for US players.
The letter to the DOJ comes as internet searches for queries related to offshore gambling had increased by almost 40 per cent last year when compared to 2020. Offshore gambling is so big of a problem that it has higher search volumes than legal gambling. The US Congress thinks a crackdown is needed to stop the momentum of offshore gambling. They argue that the offshore operators do not offer the same responsible gambling tools nor the same player protection when it comes to securing privacy and sensitive information. It is also a matter of loss of job opportunities and a considerable negative impact on the economy since money is siphoned out of the United States.
Legalized online gambling in the United States is still in its infancy, and it is crucial that illegal online gambling is actively combated. In their later, the US Congress urge the Justice Department to cooperate with the gaming industry to identify the worst actors on the market and then proceed to investigate and prosecute them. They also highlight the importance of nationwide education on these issues to educate American players about the dangers related to illegal gambling. A response from the DOJ is expected in early September.
NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight…
NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any…
NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead…
It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be…
NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety…
NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March…
NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of…
NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the…
© 2022 Capital Digital Media. Capital Group Limited. All Rights Reserved


Leave a Comment