SAFE Bet Act wants federal oversight of regulated US sports betting

Rep. Paul Tonko and Sen. Richard Blumenthal announced details of their new Supporting Affordability and Fairness with Every Bet (SAFE) Bet Act during a press conference on Thursday.

Bill would create federal oversight of state-run sports betting

The overarching idea of the bill is to let states continue to regulate and oversee sports betting but to implement a set of federal minimum standards that state regulators and operators need to meet. States would be required to apply to the Department of Justice in order to get the greenlight to run a regulated market.

Those federal standards cover a wide range of topics related to responsible and problem gambling. Unlike Tonko’s previous bill, the Betting on Our Future Act, which sought to ban all electronic advertising of sports betting, this version would allow it, but with several limitations.

The bill would prohibit advertising during primetime hours as well as during live sporting events, implement language restrictions on words like ..

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