Regulated sportsbooks operate under government licenses, offering stronger...

https://www.slideserve.com/abigail_gray10/what-is-self-exclusion-and-how-does-it-work-on-sportsbooks

Regulated sportsbooks operate under government licenses, offering stronger player protections, reliable banking, and clear verification processes. They’re tied to specific locations, so you usually need to be within legal limits to place bets