One proponent of legalized gambling states that $90 billion in illegal wagers were placed on NFL and College football games last year – only $2 billion in legal wagers.

In the U.S., regulators advertise that keeping transactions inside the financial system is important to combatting money laundering.

 I wonder if it is time for the regulators to encourage Congress to look at the impact that The Professional and Amateur Sports Protection Act (Bradley Act) of 1992 has on money laundering (and related crimes) in the U.S.  Let’s bring these transactions into the light of the legitimate gaming industry which is working hard in the fight against money laundering.