U.S Senate Democratic Leader Chuck Schumer has proposed new federal regulations for sports betting which he says will "prevent uncertainty and confusion" among sports leagues, state governments and consumers.

Schumer's proposal aims to establish "a desperately-needed federal framework" to protect consumers and the integrity of sports based around three core principles: protecting young people and those suffering from gambling addiction, protecting the integrity of the game, and protecting consumers and individuals placing bets.

The federal framework, which Schumer hopes will be taken under consideration by state legislatures as they regulate sports betting, includes proposals to restrict betting to players over the age of 21 and to provide consumers with appropriate protections and requirements that deter unfair or deceptive practices.

Premium subscribers continue here to the full article.

Related

GIQ Magazine Digital Edition