The evolution of online sports betting can be traced back to 1992 when the United States Supreme Court ruled that states may regulate sports betting by the sports leagues and the professional sports organizations.
Understandably, ufabet the Federal Government was still way behind the curve in terms of the technology, and some states continued to seek to ban sports betting.
Nevertheless, one of the more memorable courts cases that had some influence was PASPA (Prohibition of sports gambling in the United States) vs. NCAA. The case went all the way to the Supreme Court, and the Court decided that the State had the right to regulate sports betting.
As a result, a number of states legalized sports betting. However, the Supreme Court then ruled in a subsequent case that the Professional and Amateur Sports Protection Act (PASPA) was constitutional.
The PASPA in question restricted the states from taking part in any sports wagering activities, even if it was done on a state or local level. It required that sports wagering was to be treated as a federal interest and therefore that any regulation would have to be approved by the Federal Government.
Despite the Supreme Court ruling, a number of states, including Nevada, continued to have sports betting and legalise it as a state regulated activity.
While that was happening, ufabet several states had tried to start online sports betting, but most of them failed due to a number of reasons.
A first generation of sports betting sites, such as Pinnacle Sports, Grosvenor and Bovada, were forced to suspend their operations in 2004 due to the California Online Gambling Control Act (COICA).
COICA required that any sports wagering websites needed to be licensed and operate as a betting exchange. Since the Constitution did not permit a state to licence online wagering, it effectively put a blanket ban on online sports betting for some time.
The next big player in the industry was Bodog. Bodog had tried to enter the US sports betting market in 2007, and was shut down by the New York State Gaming Commission for allegedly not being sufficiently qualified.
Bodog was then re-launched in Canada in 2009, but that website was shut down in 2012. The website was re-launched in 2015, but it remains to be seen whether or not the website will be able to continue operations.
Meanwhile, in the UK, two websites, Bet365 and Betfair were given the green light to launch sports betting in the country. These websites continued to operate even after COICA came into force, and Bet365 is now a part of the Digitalbet Group.
Eventually, in June 2015, the Supreme Court ruled that PASPA was unconstitutional and therefore that states may now regulate sports betting.