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General · 2 hours ago

Maryland Moves to Address Illegal Gaming Practices

Craig Mish

Craig Mish

Host · Writer

Maryland Moves to Address Illegal Gaming Practices

Segment Spotlight: Quick Hits From NewsWire Live

Maryland's Regulatory Approach to Emerging Gaming Markets

Maryland is taking bold steps to regulate emerging gaming markets, including prediction markets and sweepstakes casinos. The state, recognized for its proactive stance in adapting to gaming trends, is eyeing new legislation to address the operation of sweepstakes casinos and sweepstakes sports books, which currently exploit regulatory loopholes. These platforms, similar to traditional casinos and sports books, offer free play credits that circumvent gaming taxes and state laws.

In addition to these legislative efforts, Maryland is actively suing to halt illegal forms of gaming. The state's approach reflects its broader strategy to maintain control over gaming operations, ensuring consumer protection, collecting tax revenue, and regulating licensees. While Maryland was not initially quick to launch online sports betting—taking almost three years to go live after legalization—it has been assertive in tackling illegal and unregulated gaming activities.

The upcoming bills could further solidify Maryland's framework for handling illegal betting operations, enhancing its regulated gaming model. The focus on eliminating the black market for gaming is seen as a positive move by lawmakers, aiming to establish more effective oversight and consumer safety in the gaming industry.

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