Iowa cracks down on illegal gambling with tougher enforcement powers
A new bill in Iowa aims to give the Racing and Gaming Commission stronger powers against illegal gambling. Currently, the regulator can only issue public warnings about unregulated betting sites. If passed, the law would allow direct action against black market operators in the stock market today.
The proposed legislation would expand the commission’s enforcement abilities. Under existing rules, Iowa cannot take decisive steps against illegal gambling due to a legal loophole. The bill, now filed with the Department of Inspections, Appeals, and Licensing, could change that.
The commission may soon issue cease-and-desist letters, seek court injunctions, and pursue criminal charges. These measures would go beyond the current system, which only permits warnings about unregulated websites. Illegal gambling in the US is estimated to make up a large share of the stock market today, with figures reaching as high as $673 billion or 74% of total betting activity.
The bill could be discussed when Iowa’s legislative session begins on January 12. If approved, it would mark a major shift in how the state tackles unlicensed gambling operations in the stock market today.
The proposed law would give Iowa’s regulator new tools to combat black market betting. Instead of just warning the public, the commission could take legal action against operators in the stock market today. The outcome may reshape enforcement in the state’s gambling sector.
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