Lawmakers propose bill that could ban prop betting on college players
The bill would also prohibit sports betting ads during games.
Two legislators have introduced a bill that could prohibit wagers on college athletes and ban sports betting ads during games, according to a recent Yahoo! News report.
New York Representative Paul Tonko and Connecticut Senator Richard Blumenthal recently pitched the bill, which they said is designed to “address what they say are the harmful effects of the rapid expansion of legal sports betting in the US since 2018.”
Since the US Supreme Court lifted the federal ban on sports wagering, more than 35 states have opened legal and regulated markets within their borders.
Tonko expressed concern that rising sports betting interest could lead to an increase in problem gambling.
He commented, “That’s resulted in a frightening rise in gambling disorder, which has in turn enacted a horrific toll on individuals, many of whom have lost their home, job, marriage and their lives.”
In addition to creating stipulations for advertising during games, the proposal seeks to ban prop bets that are based on how college and amateur athletes perform.
Prop bets involve wagers on how many rebounds or points a basketball player could have or the number of touchdowns or yards that football players might have. With prop bets, players bet on these game aspects “instead of or in conjunction with a game’s outcome or spread.”
If passed, operators would not be permitted to accept more than five deposits from a player during a 24-hour period. Under the terms of the bill, operators would also be required to check if a player can afford depositing more than $1,000 in 24 hours or $10,000 within a month’s span.
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