Government & Regulators everywhere need to balance two things:
Player Protection & Taxation Yield
If legalization and regulation of betting and gaming are to work effectively for society, there must be a framework to:
- Provide an effective safety net for those who could suffer gambling-related harm
- Predictably raise and realize money through taxation for good causes and government spending
This will not happen, effectively and sustainably, if tolerating the presence and pervasiveness of the black market with unlicensed, unregulated offshore sites & apps for online betting, gaming and gambling.