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Bovada Sportsbook, an offshore operator, continues to face restrictions in the US market, with Arizona being the latest state to add to its restricted list. The move came after a cease-and-desist letter from the state, threatening legal action if the platform didn’t shut down. Bovada complied with the request, highlighting the shrinking presence of the sportsbook in the country. This decision follows a series of similar letters from different states over the past year.
With a total of 17 markets on Bovada’s restricted list, concerns are mounting over offshore operators. Lawmakers cite the lack of tax revenue from these operators as a major issue, as they don’t contribute to the states’ coffers like legal operators do. Additionally, the dangers of using unregulated sportsbooks are highlighted, as there is no support for players if issues arise.
The lack of responsible gaming guidelines from offshore operators is also a point of concern, with these operators not implementing limits or flagging accounts where problem gambling may occur. The push to oust Bovada and other offshore operators from the US market is driven by the desire to protect players and ensure fairness in the sports betting industry.
The compliance of Bovada with cease-and-desist letters from various states signals a shift in the approach of offshore operators. With legal options limited for regulators, the focus is now on pushing these operators out of the market to protect players and ensure that states benefit financially from the growing sports betting industry.
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