Interest Growing From Congress On Oversight Of Sports Betting
Draft legislation that "aims to provide federal oversight to sports betting" surfaced out of the office of outgoing U.S. Sen. Orrin Hatch (R-Utah) this week, according to David Purdum of ESPN.com. The 37-page draft is "viewed as an initial step in what's expected to be a long, tedious process that will play out as legal sportsbooks pop up in an increasing amount of states." The legislation, which would "allow wagering on professional and collegiate sports, would require states to apply for approval" from the U.S. attorney general when "implementing new sports betting laws and regulations." The legislation would also "force sportsbook operators to use official league data to grade wagers" until at least '23 and "create a mechanism for authorities to target unlicensed operators domestically and offshore." The bill also "calls for the formation of the National Sports Wagering Clearinghouse, which would collect anonymized sport betting data in real-time, including the amount and type of wagers, date and time in which the bet was accepted, where it was placed and the outcome." The goal of the NSWC would be to "monitor for any unusual betting patterns, a potential sign of corruption." The drafted bill is the "first federal sports betting legislation that has appeared since the U.S. Supreme Court struck down" the Professional and Amateur Sports Protection Act of '92 in May. Hatch has been "vocal about the need for federal regulation" over sports betting since the May decision, but he will be "stepping down" at the end of December (ESPN.com, 12/4).