I was thinking about JVL's take when reading about new proposed federal legislation called the Supporting Affordability and Fairness with Every Bet (Safe Bet) Act. It was introduced by Rep. Paul Tonko (D-N.Y.) and Senator Richard Blumenthal (D-Conn.), and would require states to be approved by the Justice Department in order to offer leg…
I was thinking about JVL's take when reading about new proposed federal legislation called the Supporting Affordability and Fairness with Every Bet (Safe Bet) Act. It was introduced by Rep. Paul Tonko (D-N.Y.) and Senator Richard Blumenthal (D-Conn.), and would require states to be approved by the Justice Department in order to offer legalized sports gambling. To get approval, those states would need to limit or ban certain activities related to advertising (e.g. not during live sports events), affordability (e.g. limit the number of daily deposits a consumer could make), and AI (e.g. tracking players' gambling habits to serve them specific promotions.)
No idea whether there is any interest in this from the rest of Congress, but it will be interesting to see whether the bill sparks any comments or debate among candidates running for office in November.
I was thinking about JVL's take when reading about new proposed federal legislation called the Supporting Affordability and Fairness with Every Bet (Safe Bet) Act. It was introduced by Rep. Paul Tonko (D-N.Y.) and Senator Richard Blumenthal (D-Conn.), and would require states to be approved by the Justice Department in order to offer legalized sports gambling. To get approval, those states would need to limit or ban certain activities related to advertising (e.g. not during live sports events), affordability (e.g. limit the number of daily deposits a consumer could make), and AI (e.g. tracking players' gambling habits to serve them specific promotions.)
No idea whether there is any interest in this from the rest of Congress, but it will be interesting to see whether the bill sparks any comments or debate among candidates running for office in November.
https://www.cnbc.com/2024/09/13/federal-bill-regulations-sports-betting-operators-safe-bet-act.html