News

Online betting platforms in the U.S. face a steep challenge in navigating an uneven landscape of state-level anti-money laundering requirements and the federal Bank Secrecy Act, compliance officers told ACAMS moneylaundering.com. Thirty-nine states, the District of Columbia and Puerto Rico have legalized sports betting since the Supreme Court ruled in 2018 that the federal Professional and Amateur Sports Protection Act, which had effectively banned sports betting in most states, was unconstitutional. States have since embraced sports betting as a means to generate tax revenue, curb illegal gambling and foster responsible gaming. While revenues and customer numbers have grown steadily, online...