There is some great news for Michigan online sports gamblers. The state of Michigan is working hard to make its online gambling laws more restrictive and difficult to operate under. While in the past they have not had many problems with their already restrictive laws, this has changed recently.
Now the House has voted to regulate online betting including both insurance companies and retailers. This means that all of the major players will have to conform to the same rules. This includes not only the MSHP Grand Casino in Detroit, but also the other larger and more well-known gambling sites. These include Playtech, Playfish, Bettingorb, Betonic, Betdaq, Credico, Golden Oak Online Gambling Site, Unlucky for Money, Fairway Gaming, High Roller, Mansion Poker, Party Gaming, and Paradise Poker. Now the state of Michigan is working to make it harder for these gambling websites to do business in the state. If this legislation becomes law it will be a major blow to the online sports betting industry.
This new regulation will affect all online betting sites equally, meaning that smaller sites will have to find ways to cover their losses. With the large majority of states now requiring background checks on employees, this will also have an effect on the employees of these larger online gambling sites. Many employees who work for these types of gaming sites make their living helping individuals to place bets on their games. It will be very difficult for these employees to go into the job if their boss requires them to place personal bets on their job.
This new law was prompted by the recent revelation of a massive sports betting scheme in Mississippi. This resulted in charges being brought against a significant number of employees of the online platforms which facilitated the scheme. This scheme was run by an individual who used his personal account to place bets on the games in question. As a result of this he was actually charged with criminal fraud and had to pay fines totalling $1 million.
Although all states in the US are now considering legislation that would ban the making of sports bets from internet platforms, the decision on whether or not to introduce such a law first has to be taken by the authorities. The decision to introduce a ban comes after a meeting which was held between the Attorney General of the state of Michigan and the heads of the major gambling and online casino companies. At the meeting both the Attorney General and the top executives of these companies were convinced that a complete ban on online sports betting was necessary. They felt that a complete shutdown would reduce the amount of revenue that was generated by the various gambling sites which operate in the state.
However, despite the arguments put forward by the Attorney General and the top executives of the various gambling and online casino companies, the Grand Casino in Michigan still intends to allow people to place bets on the games in question on the gaming platform provided by the online betting site. According to Michigan law anyone is allowed to place a bet on any game provided they comply with the legal requirements. In the case of Michigan the requirement of compliance with the law is the requirement to obtain a gambling license. Anyone who fails to comply with this requirement is then subjected to criminal prosecution.
A few days later the Michigan Attorney General and the head of the state's largest gambling and online sports betting company met in Detroit to discuss the matter. During this meeting it was decided that an online software provider was required to develop special software which will enable any user of the gambling and online sports betting sites to determine the likelihood of winning the game they are playing. This will enable these users to place bets on the games in question accordingly. The software provider for the company was supposed to be established in the state of Michigan itself. However, the software provider was established in New York. The Attorney General believes that this situation is being caused by the New York software provider refusing to create software designed for use in the state of Michigan.
As a result, the Attorney General has issued a warning to all online betting sites in the state of Michigan. If you are a resident of the state of Michigan and you are running an online casino or an online sports gambling site then you must ensure that the site complies with the legal requirements of Michigan. Failure to do so could mean heavy fines or even imprisonment. There have been occasions when individuals have gone to great lengths to run businesses that did not meet the regulations that were set forth by the state. If you fall into this category, then it may be time for you to seek out a professional to help you ensure compliance with the law.