Wire Act looms large over U.S. sports betting, survey shows

In collaboration with December’s Betting on Sports America – Digital conference, VIXIO GamblingCompliance is conducting a survey to understand the market view on which regulatory, policy, and compliance challenges will most impact the growth of the U.S. sports betting market. James Kilsby, Managing Director U.S. for VIXIO GamblingCompliance, outlines the initial findings. 

 

The enduring impact of the 1961 federal Wire Act is the most significant legal and regulatory overhang for the rapidly expanding U.S. sports wagering market, according to the preliminary findings of the VIXIO GamblingCompliance and SBC U.S. Sports Betting Regulatory Survey. 

Over 28 percent of several dozen initial respondents to the first-of-its-kind survey identified the Wire Act as the regulatory issue most likely to impede market growth in the coming years.