Federal control of sports betting gains influential supporter

Federal control of sports betting gains influential supporter

August 30, 2018 9:53 AM
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The concept of federal control of sports betting has gained another influential supporter with word that Senate Minority Leader Chuck Schumer (D-N.Y.) has now proposed a national framework for sports betting.

In a memo first provided to ESPN on Wednesday, Schumer endorses the idea that all sportsbooks only use official league data to determine outcomes and that the sports leagues themselves should be involved in determining what bets would be accepted.

Schumer also called on the various sports leagues to step up monitoring, but did not mention so-called “integrity fees.” Such fees would go to the various leagues to compensate for increased security.

Other regulations proposed by Schumer include requiring all bettors to be at least 21, and a ban on advertising geared to those under-age.  

A joint statement endorsing Schumer’s proposal was quickly released by the National Basketball Association, Major League Baseball and the PGA Tour saying, As legalized sports betting spreads across the states, there is a need for consistent, nationwide integrity standards to safeguard the sports millions of fans love. We strongly support the legislative framework outlined by Senator Schumer and we encourage Congress to adopt it.”

Schumer joins outgoing Sen. Orrin Hatch (R-Utah) in publicly endorsing the idea of federal intervention in the growing national sports betting industry, currently being legislated and regulated on a state-by-state basis.