There is anticipation from the industry that we will see a myriad of new cease and desist orders dished out to various sweepstake operators in the USA imminently.<\/p>\n\n\n\n
It comes as scrutiny of the vertical continues to intensify, with the American Gaming Association<\/strong> underlining the need for a tightening of the regulatory framework around the sector. <\/p>\n\n\n\n Howard Glaser<\/strong>, the Global Head of Government Affairs and Legislative Counsel at Light & Wonder<\/strong>, took to Linkedin<\/strong> to state that he \u201chas a high degree of confidence that numerous new cease and desist orders have been issued by multiple states to sweepstakes casinos and sportsbooks\u201d.<\/p>\n\n\n\n Glaser continued: \u201cWere I counselling investors and vendors in the sweeps sector, I would advise to specifically ask for pending regulatory actions and investigations as they occur.<\/p>\n\n\n\n \u201cAs unlicensed entities, there is no requirement for sweeps operators to disclose enforcement actions. It\u2019s prudent for investors and business partners to understand undisclosed risks.<\/p>\n\n\n\n \u201cI suspect there will be a cornucopia of litigation around this as irrational exuberance around a too good to be true product \u2013 \u2018oh look- gambling without gambling laws!\u2019- fades.\u201d<\/p>\n\n\n\n