New Jersey just passed a law that allows sports betting but doesn't regulate it. The first US grey market since 2011? Interesting.
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Replying to @gamblinglamb
@Poker_Hack If NJ sports betting scheme stands (and I doubt it), wouldn't consider it "grey market". Clearly legal and privately regulated.
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Replying to @gamblinglamb
@Poker_Hack State will not be directly regulating (or regulating at all). But sports betting would be clearly legal, so not a "grey market".
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Replying to @gamblinglamb
@Poker_Hack Guess I view "grey market" as one where legality is unclear/dubious. Many businesses are in unregulated markets, but not "grey".
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Replying to @gamblinglamb
@Poker_Hack If your business is obviously legal and endorsed by state gov't, not grey market even if state chooses not to regulate.
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@Poker_Hack We'll find out soon if NJ's latest sports betting law conflicts with PASPA or not. If it does conflict, then no go on bets.
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