American congressmen Paul Tonko and Richard Blumenthal have introduced a bill on federal regulation of sports betting, which is designed to establish common rules for the betting industry throughout the United States. According to Gambling Industry News, if passed, the federal standards would affect both online betting operators and land-based bookmakers.
The big prerequisites for industry consolidation are now two:
🟢 Last summer, the nation’s first federal NVSEP self-exclusion service went live. Previously, each state had its own self-exclusion service. Now, local services are slowly merging into a unified system.
🟢 Now a bill has been introduced in Congress to unify gambling laws nationwide. A couple of congressmen are proposing:
🟢 legalising betting in a state only with a permit from the DOJ
🟢 time limits on gambling marketing and a ban on influencers being involved in advertising
🟢 banning micro-betting and the use of credit cards for gambling
🟢 limiting the number of gambling deposits per day
🟢 bringing gambling laws in states where betting is already legal into compliance with the new federal law.
All states that have managed to legalise betting before the adoption of the federal law will be obliged to bring the existing regulatory norms to the American ones within one year. Representatives of the gambling industry have already reacted to the lawmakers’ proposal.
The iDevelopment & Economic Association (iDEA) called it ‘an unnecessary and harmful intrusion into an area that has been successfully regulated at the state level since the Supreme Court’s decision to overturn the federal ban on sports betting in 2018.’ According to the iDEA, parliamentarians should have been concerned with countering offshore operators instead of creating problems for the legal sector.
The American Gaming Association (AGA) also spoke out against Tonko and Blumenthal’s initiative: ‘Imposing tough federal bans is a slap in the face to state legislatures and local gambling regulators.’
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