Federal Bill Proposes Ban on Sports Betting Ads During Games
Senator Richard Blumenthal of Connecticut and Representative Paul Tonko of New York introduced a federal bill Thursday. It proposed a ban on sports betting ads. Also, it would make betting on college athletes illegal.
According to the best bookie pay per head software provider, the bill would also prohibit credit card funding of online gaming accounts. Democrats in Congress claim that the legalization of sports betting in 38 states and DC has led to an upsurge in gambling addiction and other related issues. Tonko once stated that all games are opportunities to gamble.
According to Blumenthal, it was a question of public health. For years, the gambling industry has argued that it should self-regulate advertising for sports betting to circumvent federal regulations, so it is no surprise that it strongly opposes the proposal.
The national trade group for the gambling industry, the American Gaming Association, has stated that sportsbooks are already subject to government oversight, pay billions of dollars in taxes, and provide consumer safeguards that are absent from illicit gaming businesses.
Ban on Sports Betting Ads and More
Some have argued that the industry’s new advertising restrictions for sports betting aren’t strict enough, despite previous efforts to implement such measures. One expert on the subject, Harry Levant of Northeastern University School of Law’s Public Health Advocacy Institute, has drawn parallels between gambling and alcoholic beverages and other narcotics in terms of their propensity for addiction.
Because of the meteoric rise of sports betting in the United States, the National Council on Problem Gambling warns that gambling disorders might worsen. If passed, the measure would make it illegal for operators to take more than five deposits from a single consumer in 24 hours. Customers must prove their financial stability before depositing more than $1,000 in 48 hours or $10,000 monthly.
According to a political news forum, the initiative would also prohibit prop bets on collegiate or amateur sports results, such as the passing yardage a quarterback is expected to accumulate in a game. It would also outlaw the use of AI for gambling product development, including creating extremely specific micro-bets based on circumstances as small as the next baseball pitch’s pace and tracking customers’ gambling patterns.
Opposition to the SAFE Bet Act
Nevada Representative Dina Titus has also publicly opposed the measure. She argued that the SAFE Bet Act was unnecessary and out of date. More than five thousand state and tribal authorities had already developed comprehensive industry regulations, which gaming industry lobbyists wasted no time pointing out Thursday.
The American Gaming Association reports that thirty-one states permit internet gambling and that 38 states and the District of Columbia have legalized sports betting.
Sports betting has been in the news recently, and it’s just increasing in popularity. The NBA’s decision to suspend Jontay Porter, MLB’s decision to ban Tucupita Marcano, and the investigation into Ippei Mizuhara, who had been Shohei Ohtani’s translator, were all in the news. Additionally, in March, NCAA president Charlie Baker demanded the elimination of all collegiate prop bets.
According to live dealer casino experts, there may be an effort to reduce the general frequency of sports betting. However, before becoming law, the SAFE Bet Act will face resistance and other obstacles.
