US Senate Considers Federal Oversight for Sports Betting Industry

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The U.S. Senate Judiciary Committee recently examined federal oversight of the sports betting industry, addressing issues like college athlete harassment and irresponsible gambling. NCAA President Charlie Baker called for a ban on college prop bets, citing increased harassment of student-athletes. Senators discussed proposals like the S.A.F.E. Bet Act, which seeks to ban college prop bets, restrict gambling ads, and prohibit credit card deposits. The Act aims to curb gambling addiction and protect vulnerable groups, including college-age men. Despite limited progress, lawmakers emphasized the need for stricter regulations as the industry grows, with future efforts expected in the next congressional session.

Source: https://news.worldcasinodirectory.c...s-federal-regulation-of-sports-betting-116472
 
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