NBA Commissioner Calls for Legalization of Sports Betting
The major professional sports leagues in the U.S. have long been opposed to legalized sports betting, which is against the law in most of the country outside of Nevada.
But now the new NBA commissioner, Adam Silver, is saying that it’s time to change that and allow strictly regulated sports betting.
Silver argued in a New York Times op-ed yesterday (November 13th) that times have changed and gambling has increasingly become a popular and accepted form of entertainment in the U.S., with hundreds of billions of dollars bet each year in a unregulated, underground business.
Silver is proposing that Congress allow states to legalize sports betting under a safe and strictly regulated system, but states firmly: “Let me be clear: Any new approach must ensure the integrity of the game.”
Among the requirements Silver says there should be for legalized sports betting are: monitoring and reporting of unusual betting-line movements; licensing for legitimate operators; and ways to identify people with gambling problems and block them from wagering.
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