Overview
- Journalist Pablo Torre reports that Schatz signaled he may introduce a 2026 bill to regulate prop betting at the federal level.
- In a statement shared by Torre, Schatz said the objective is to stop prop bets that a single bad actor could manipulate and to protect fans.
- The senator is in talks with leagues, player associations, and sportsbooks to shape a proposal that would also target illegal offshore books.
- No bill has been introduced or released publicly as of Dec. 23, and ReadWrite has requested comment from Schatz’s office.
- Pressure for limits has grown: the NFL told teams it is working to restrict prop bets, Ohio’s governor urged a state prohibition, and MLB with some sportsbooks capped certain pitch-level props at $200 as the NBA explores tighter limits.