Avoiding Offshore Betting
When the result came down in the United States Supreme Court in Murphy v National Collegiate Athletic Association case, it changed the way sports betting would be seen in the USA. By overturning the federal law that makes sports gambling illegal, it opened the door to states to pass laws to allow legal sports wagers to be taken.
This will result in more of the US population being able to place bets with the security of having recourse should there be issues and that is the biggest plus for bettors to place bets legally onshore rather than dabble in the offshore sports betting world.
The moment from a number of states to introduce legislation to permit legal bets to be placed within their states will bring significant benefits to the consumer. Whilst many have been placing bets offshore for years, every time a sports bettor does this, it comes with risk as unregulated companies do not have to respond to any complaints. This means that with no regulatory protections for the consumer, offshore betting does come with added risk.
Now with states racing to open up and take bets, it provides that added layer of protection and legal recourse should the consumer feel that they have been treated improperly. This is without a shadow of a doubt the biggest plus of betting onshore rather than offshore.
Another issue that betting onshore would take away for the consumer is having money in an account that could be taken down by the government. The WIRE Act can be used by the feds to potentially charge offshore companies with a federal crime and having money in an account of a company that is facing federal prosecution is not exactly ideal.
The Travel Act could also be part of a prosecution as it makes it illegal for the use of interstate commerce to distribute proceeds of unlawful activities.
Putting all of this together then it becomes clear that offshore gambling is a risk and betting onshore with regulated legal sportsbooks is a much safer way to place a bet in the United States.