Right to the Source is getting existential as developments in the US prompt discussions on grey market gambling – or if that’s just illegal activity – before a deep dive into gambling in Argentina.
In the wake of FanDuel and DraftKings giving up any hopes of a gaming licence in Nevada and leaving the American Gaming Association, prediction markets are front of mind for Ed Birkin this week. He’s not convinced they even have a long-term future in the industry, so why are the market leaders going all in?
This quickly develops into the difference between white, black and grey market gambling. Do grey markets actually exist or, as Robin Harrison suggests, is the definition of what constitutes a grey market being stretched to breaking point?
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Gambling in Argentina highlights the grey market challenge
Argentina, with its province-by-province framework, illustrates the grey market challenge quite nicely. Most provinces may have a licensing system, but the bulk of certifications seem to have been handed out for Buenos Aires province and the capital city.
That doesn’t necessarily mean Argentina gambling licensees are just sticking to those two jurisdictions, however. There’s an element of parts of the gambling industry trying to have their cake and eat it, Ed argues, but does anyone actually face consequences for their actions?
Right to the Source is getting existential as developments in the US prompt discussions on grey market gambling – or if that’s just illegal activity – before a deep dive into gambling in Argentina.