Rep. Paul Tonko and Sen. Richard Blumenthal held a press conference to reintroduce the Supporting Affordability and Fairness with Every (SAFE) Bet Act. The legislation would create federal oversight of sports betting, which is currentlyregulated by states that offer it. The two lawmakers have reintroduced the act ahead of March Madness, one of the largest sports events in the U.S.
“Tens of millions of Americans are anxiously awaiting the beginning of March Madness,” said Tonko during the press conference at the U.S. Capitol. “In exactly one week, those Americans will be placing and most likely losing bets made on their favorite teams.”
The SAFE Bet Act claim the measure would protect sports bettors across the country while cracking down on illegal gambling operations and a lack of oversight.
“We are not here because we want to stop the industry from breaking records, nor are we here to prevent A..
