|
I know a lot of people here don't like the new federal law, but these situations are one example of something that could improve with federal regulation. The basic problem is that tracks are beholden to the offshore outlets (and sometimes are in bed with them, as you see here with 1ST), and state regulators are protective of local tracks. So there's just huge incentives not to rock the boat.
A federal regulator, realistically, can rule "nobody can accept bets from this source until X is fixed" in a way that state regulators really can't.
|
