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The Wall Street Publication > Blog > Tech > As Online Gambling Grows, So Does the Financial Crime Risk
Tech

As Online Gambling Grows, So Does the Financial Crime Risk

Editorial Board Published August 29, 2022
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As Online Gambling Grows, So Does the Financial Crime Risk
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Online gambling is booming across the U.S. and compliance experts caution that it creates opportunities for criminals to launder money or take part in other financial crimes.

The U.S. has seen states pile into legal online gambling with fervor, eager for potential tax revenue. Since 2018, when the U.S. Supreme Court struck down a ban on sports wagering, online sports betting has undergone a sharp increase.

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