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It's time to make sports betting fairer

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In summary

California is uniquely positioned to make the sports betting industry fairer, safer and more trustworthy for bettors.

By Quemars Ahmed, Correspondent for CalMatters

Quemars Ahmed is the former Editor-in-Chief of the UCLA Law Review and a practicing attorney. He loves throwing away money with his bets side by side at his blackjack table.

Renowned for being an innovator, California has lagged behind in adopting sports betting. A pair of ballot initiatives would make the state join the party in her 37th, even if sports betting was legalized in November. But thanks to its size and the bizarre nature of its dueling initiative, California is uniquely positioned to make the sports betting industry fairer, safer and more trustworthy for bettors.

The advertising wars are already on, with record amounts of money being spent on Propositions 26 and 27 campaigns. The pros and cons of legalization have touched on issues ranging from tribal sovereignty to homelessness to gambling addiction. But what is missing is bettor concern.

Legalizing activities such as the sale of marijuana could fit into existing regulatory regimes, but the market for sports betting has no such analogue. Accepting imports is accepting an unfair market for consumers.

The last two years have seen an explosion in the number of states legalizing sports betting and the number of companies offering betting. This brought competition and innovation to an industry that had been stagnant for decades in the United States.

This boom is not without its downsides. The ambiguity that arises from digital technology, or from new kinds of betting, has been resolved by sportsbooks because regulators have been too uncertain or too slow to act.

For example, consider the same game parlay. Once relegated to the realm of fiction (the movie Uncut Gems offers much of the anxiety), it is now offered by nearly every online sportsbook and promises high payouts. Popular from The details of most sportsbooks differ from what has been practiced for decades in traditional parlays: instead of recalculating parlays if one of his legs is invalid, sportsbooks Disable the entire parley. DraftKings will only void parlays if none of the remaining legs are lost, otherwise they will collect the bettor’s money.

On Jan. 9, the Warriors tweeted nine minutes before that night’s game that Draymond Green would not play, but would start on the court.To honor teammate Klay Thompson’s return from serious injury. Between the tweet and the betting close, players are betting at the inflated odds possible using parlays for the same game, blaming the sportsbooks for millions of dollars.DraftKings won It took him two days to decide to pay the bet.

In other situations, consumers are limited to the amount they are allowed to wager, the prices at which they can bet, and when they can bet, but are not informed until after they attempt the bet. .

No other industry allows this.

There are no hidden limits on how much you can spend on Target. It is illegal for a business to list the price of an item on the shelf and charge a different amount at checkout. and has established rules against fraudulent transactions and malfunctions.

Sports bettors need more transparency, defined rules and an accessible oversight regime. Without Sacramento’s bettor lobby to counter interest in the game, change is unlikely. But gaming entities and state officials could use the current political messaging void to influence consumer-friendly reforms in California and elsewhere.

What better way to highlight that Tribal Casino is the best option for bettors? to allay your fears?

Regulators now have more power to pressure gaming entities to ensure they commit to fair practices than they did after proposals were approved by voters.

The winner of these proposals may be in the hands of future clients.

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