Problems and challenges in sports betting industry

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passports and work visas.Įven for those who can manage the regulatory and technological hurdles, the Total Addressable Market is currently constrained by a lack of education on behalf of prospective users. However, there is a major lack of domain expertise and intellectual capital that is also attached to U.S.

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Building cutting-edge technology platforms and user interfaces relies on a highly skilled workforce with deep insights into consumer psychology. The regulatory burden of operating in the sports betting space is enormous, particularly for international stakeholders who are less capable of navigating the balkanized legislative landscape here in the U.S. The sports betting landscape is highly regulated and equally nuanced, leading to a unique set of challenges and opportunities, particularly in light of the novel coronavirus pandemic that has impacted sports leagues worldwide. You can watch the presentation by clicking here. Editor’s Note: The following article is adapted from the same-named audiovisual presentation given by the author to Eric Waz of BettorIQ.

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