Lawmakers propose new federal regulations on sports betting
September 13, 2024
Lawmakers propose new federal regulations on sports betting
25 comments
Hopefully it passes but I doubt it. The lobbyists are already doing their thing to either neuter the bill or kill it entirely.
I especially like the part where they wouldn’t be allowed to advertise sports betting during a set period of time of day, including during games. If sports betting is so great, you don’t need to tell people they can go do it during the game they’re already watching.
> If passed, the SAFE Bet act would prohibit gambling operators from running advertisements between the hours of 8 a.m. and 10 p.m. and during live sporting events. It would put an end to the practice of offering customers “bonus bets,” “no sweat bets” and other similar incentives.
>In terms of affordability, the proposed legislation would prevent operators from accepting more than five deposits from a single customer within a 24-hour period, prohibit operators from accepting credit card deposits and require gambling companies to conduct “affordability checks” on customers before they place wagers of more than $1,000 within a 24-hour period.
This is never happening lol. Somehow the gambling companies and gamblers both get screwed
> If passed, the SAFE Bet act would prohibit gambling operators from running advertisements between the hours of 8 a.m. and 10 p.m. and during live sporting events.
yes please
As much as I wish online gambling was just made illegal and OTB was just brought back to full that void.
I really wish this bill could actually get passed, even if it has no chance.
Yes please. Get this shit under control.
This is good, common sense legislation that would benefit nearly all Americans. Of course it won’t pass.
good. MLB in particular getting in bed with sports gambling is actively killing my interest in the game at the professional level as a 30+ year baseball fan. i know its making them crazy amounts of money, but i think at some point they might realize they’ve alienated a significant portion of people who actually love baseball just to cater to gambling addicts who will bet on anything. and the people they’ve alienated won’t make it a point to pass along the love of the game as a tradition to the next generation.
Fuck gambling
Anything to stop getting bombarded by draftkings ads during literal sports events
This needs to happen.
Ontario passed a law about gambling ads. They can no longer have athletes or celebrities in the advertisements that are promoting gambling.
Before the ban we had ads with Connor McDavid and Aaron Paul run 24/7 on Sportsnet.
Gambling is a cancer, and sports leagues will NOT regulate themselves because money. We need sensible regulation that treats gambling like the addictive, high risk activity that it is.
Last time I was at DraftKings presents Fenway I thought I might get kicked out for not betting
An interesting wrinkle about this (and this might be a better question for r/soccer) would this prohibit the showing of premiere league games where teams have gambling companies as shirt sponsors? Would it also prohibit MLB teams from having in stadium gambling advertisements because it would show up on broadcasts?
Can we also get a law that the same ad can not be shown more than twice during a sporting event?
About time
Everyone should support this. Be wary of those who tell you otherwise. There is no need to advertise such an addiction on tv. Next should be ads in stadiums
For the ad side of things, it seems fairly common sense to make betting ads more like cigarettes. You know they’re out there and how to get them, so you don’t need an ad shoved in your face every 30 seconds and on every other billboard. There’s no upside to that; it just creates an arms-race until it takes up all the air in the room.
For the sports betting restrictions side of things, though: Dumb. The more restrictions/red tape you place on legal bets the more black markets you’ll get and an increase of the vig (which will drive the smarter bettors to black markets and take more money from the average joes). This is the path to making legal sports betting more like state lotteries, which are insanely stacked against the average player. By and large, adults should be able to gamble legally and cheaply (cheap, as in: low juice and transaction cost) with their own money.
I don’t understand how we can have LeBron James doing advertisements for sports betting websites and not recognize that there are professional athletes who are manipulating results. I am not saying he is, but the total embracing of this industry will only encourage it.
Oh no
Would this also apply to gambling ads embedded in the broadcast? Stuff like ESPN or SN having a draftkings sponsored segment, signs and billboards at the stadium promoting these websites?
Or would this only apply to commercial break ads?
This wont pass, lobbyists will do whatever it takes
If you think you can win at sports betting, ask yourself if you have a math degree.
Because, your opponent does.
after visiting a friend w a massive gambling problem, they need to fix/regulate the massive amounts of advertising asap
25 comments
Hopefully it passes but I doubt it. The lobbyists are already doing their thing to either neuter the bill or kill it entirely.
I especially like the part where they wouldn’t be allowed to advertise sports betting during a set period of time of day, including during games. If sports betting is so great, you don’t need to tell people they can go do it during the game they’re already watching.
> If passed, the SAFE Bet act would prohibit gambling operators from running advertisements between the hours of 8 a.m. and 10 p.m. and during live sporting events. It would put an end to the practice of offering customers “bonus bets,” “no sweat bets” and other similar incentives.
>In terms of affordability, the proposed legislation would prevent operators from accepting more than five deposits from a single customer within a 24-hour period, prohibit operators from accepting credit card deposits and require gambling companies to conduct “affordability checks” on customers before they place wagers of more than $1,000 within a 24-hour period.
This is never happening lol. Somehow the gambling companies and gamblers both get screwed
> If passed, the SAFE Bet act would prohibit gambling operators from running advertisements between the hours of 8 a.m. and 10 p.m. and during live sporting events.
yes please
As much as I wish online gambling was just made illegal and OTB was just brought back to full that void.
I really wish this bill could actually get passed, even if it has no chance.
Yes please. Get this shit under control.
This is good, common sense legislation that would benefit nearly all Americans. Of course it won’t pass.
good. MLB in particular getting in bed with sports gambling is actively killing my interest in the game at the professional level as a 30+ year baseball fan. i know its making them crazy amounts of money, but i think at some point they might realize they’ve alienated a significant portion of people who actually love baseball just to cater to gambling addicts who will bet on anything. and the people they’ve alienated won’t make it a point to pass along the love of the game as a tradition to the next generation.
Fuck gambling
Anything to stop getting bombarded by draftkings ads during literal sports events
This needs to happen.
Ontario passed a law about gambling ads. They can no longer have athletes or celebrities in the advertisements that are promoting gambling.
Before the ban we had ads with Connor McDavid and Aaron Paul run 24/7 on Sportsnet.
Gambling is a cancer, and sports leagues will NOT regulate themselves because money. We need sensible regulation that treats gambling like the addictive, high risk activity that it is.
Last time I was at DraftKings presents Fenway I thought I might get kicked out for not betting
An interesting wrinkle about this (and this might be a better question for r/soccer) would this prohibit the showing of premiere league games where teams have gambling companies as shirt sponsors? Would it also prohibit MLB teams from having in stadium gambling advertisements because it would show up on broadcasts?
Can we also get a law that the same ad can not be shown more than twice during a sporting event?
About time
Everyone should support this. Be wary of those who tell you otherwise. There is no need to advertise such an addiction on tv. Next should be ads in stadiums
For the ad side of things, it seems fairly common sense to make betting ads more like cigarettes. You know they’re out there and how to get them, so you don’t need an ad shoved in your face every 30 seconds and on every other billboard. There’s no upside to that; it just creates an arms-race until it takes up all the air in the room.
For the sports betting restrictions side of things, though: Dumb. The more restrictions/red tape you place on legal bets the more black markets you’ll get and an increase of the vig (which will drive the smarter bettors to black markets and take more money from the average joes). This is the path to making legal sports betting more like state lotteries, which are insanely stacked against the average player. By and large, adults should be able to gamble legally and cheaply (cheap, as in: low juice and transaction cost) with their own money.
I don’t understand how we can have LeBron James doing advertisements for sports betting websites and not recognize that there are professional athletes who are manipulating results. I am not saying he is, but the total embracing of this industry will only encourage it.
Oh no
Would this also apply to gambling ads embedded in the broadcast? Stuff like ESPN or SN having a draftkings sponsored segment, signs and billboards at the stadium promoting these websites?
Or would this only apply to commercial break ads?
This wont pass, lobbyists will do whatever it takes
If you think you can win at sports betting, ask yourself if you have a math degree.
Because, your opponent does.
after visiting a friend w a massive gambling problem, they need to fix/regulate the massive amounts of advertising asap
Get rid of ads and you’re good.