Online Sports Books – Are They Legal?
uFA, or Unofficial Financial Analyst is a professional gambler’s term that applies to all gamblers who bet on sports as an activity. The UFA term means one who is not licensed to work as a financial analyst in a casino. There are gamblers who are licensed to work as financial analysts in the casinos but are not considered UFA. You will see gamblers who are considered UFA but are not registered with the RIAA as gamblers with gambling activities in Las Vegas. Most gamblers are not licensed by Nevada to operate their sports books; however, some gamblers are considered UFA when they are doing sports book betting.
One way to differentiate between licensed and unlicensed gamblers is by the RIAA definition of the term. Licensed gamblers are those who are allowed to operate sports books under the laws and regulations set forth by the National Commission on Gamblers Control. Unlicensed gamblers are those who are not allowed to operate or handle gambling activities in Las Vegas by the Nevada State Gaming Commission.
The UFA definition can be very confusing because it may include some people who are gamblers who have a license to do online sports betting. For example, if a person is licensed to operate an online sportsbook, he can be called an RIAA licensed online sportsbook operator even though he is not actually licensed to do online sports betting at his office. Also, the RIAA defines an unlicensed Internet gambling operator as someone who does not have a license to conduct gambling online. That is why there are people such as property managers who are licensed to run property management businesses in Las Vegas. That is also why there are Internet service providers who are not technically considered to be gamblers, even though they may engage in online gambling.
The RIAA tries to make it sound as if there are some people who engage in unlicensed gambling even though they may not have a license to do so. However, anyone can engage in unlicensed sports betting regardless of whether he has a license to do so or not. This is why it is impossible for the RIAA to say that all gamblers are illegal. They only provide information on licensed gambling and unlicensed gambling. Gambling is legal in Las Vegas, and people who engage in sports books betting are following a process that is allowed by law.
As stated above, any person can bet online in Las Vegas whether he has a license or not. Unlicensed online sports book gamblers do not face any legal restrictions or liabilities. This is why Las Vegas sports books are one of the most important industries in Las Vegas. Without Las Vegas sports books, the atmosphere of Las Vegas would not be what it is today.
It may be hard to understand how online gamblers can be considered “unlicensed” when they are actually licensed to bet on sports events. The RIAA tries to say that this is not the case, but it is actually illegal to conduct business without a license in many states including Nevada. It is a good thing though that the RIAA cannot make a distinction between licensed and unlicensed gambling. Gambling should be legalized and monitored by the government just like other industries that the RIAA has done business in.