Legal Sports Gambling Could Attract Criminals. Here’s How to Stop Them [Fortune]
Adtalem Global Education Inc. (ATGE)
Last adtalem global education inc. earnings: 2/4 04:05 pm
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Source: Fortune
Since the U.S. Supreme Court overturned a national ban on sports gambling, many states have rushed forward to legalize the practice. Full-scale sports gambling is now permitted in six states . More than 20 other states and the District of Columbia are on their way. But a degree of caution is in order. Legalized gambling is likely to attract billions of additional dollars into the sports market. Most will be legitimate. But some will be of unknown, perhaps criminal, provenance. Money launderers have long run illicit cash through sports interests. Legalized sports betting could provide them another avenue for doing so. Consequently, authorities will have to step up their monitoring efforts for everything from tax evasion to match fixing. Sports entities will have to be more transparent and adhere to stricter internal controls. And financial institutions will have to make spotting suspicious activity a bigger priority. Between $800 billion and $2 trillion is laundered
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ATGE
Earnings
- 1/30/24 - Beat
ATGE
Sec Filings
- 4/17/24 - Form 4
- 4/12/24 - Form 8-K/A
- 4/5/24 - Form 3
- ATGE's page on the SEC website