Lawmakers Propose Federal Bill to Regulate Sports Betting Ads and Practices

The SAFE Bet Act aims to address gambling addiction by banning in-game ads, restricting deposits, and prohibiting bets on college athletes.

Rep. Paul Tonko and Sen. Richard Blumenthal introduced the SAFE Bet Act to regulate sports betting at the federal level.
The legislation seeks to ban sports betting advertisements during live games and prohibit bets on college athletes.
The bill would limit customer deposits to five per day and require checks for affordability on deposits over $1,000 in 24 hours or $10,000 in a month.
Artificial intelligence use in tracking gambling habits and creating specific micro-bets would be prohibited under the proposed law.
The gambling industry opposes the bill, arguing it undermines state regulations and the contributions of legal sports betting to state revenues.