What you need to know about gambling on unregulated gambling sites

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The federal Internal Revenue Service says thieves use your personal information to apply for credit, file taxes, or obtain medical services. This unauthorized activity can damage your credit status and cost you time and money to recover. “If you share personal information with an unregulated gambling site, there is no guarantee that your information will not be sold or used by criminals,” Williams said. “Identity theft is the most common complaint received by the Federal Trade Commission. In 2020, 1.3 million identity theft reports were reported in the United States, including more than 24,000 identity theft cases reported in Michigan.

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Based on complaints filed with the MGCB, customers of unregulated gambling sites claim that winnings are not paid out or they cannot get a refund deposited. Unfortunately, customers who use unregulated sites have no recourse to recover their money from regulators or the courts.

“Unlike regulated gambling, there is no mechanism for MGCB to handle a customer dispute with an unregulated offshore gambling site,” Williams said. “Our agency does not have the authority to pursue litigation with an unregulated site.”

Other crimes are associated with unregulated gambling sites. The Federal Bureau of Investigations has identified unregulated online gambling as supporting organized crime through money laundering. In contrast, regulated casinos and online gaming sites must comply with know-your-customer (KYC) and anti-money laundering requirements.

On its website, the MGCB offers a list of online casino gaming and online sports betting sites authorised/approved by the MGCB.

Gambling in any form is for entertainment purposes only. If anyone has a gambling problem, please call the state’s 24-hour toll-free hotline at 1-800-270-7117 or the MGCB Responsible Gambling Section at 1-888-223-3044 . You can also visit the MGCB website at www.michigan.gov/mgcb for information on self-exclusion programs, including the Dissociated Persons List and Responsible Gambling Database. games and sports betting on the Internet.

Further reading:

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More: Money Monday section

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