SectorWire
SearchGet the daily briefing
Menu

Kevin Kiley plans congressional scrutiny of betting on youth sports

Regulation

US Representative Kevin Kiley said he plans to examine betting on youth competitions after receiving reports of significant wagering on Little League World Series games at offshore sites. He said a future hearing could include the American Gaming Association and consider measures to prevent such wagering; the AGA has said licensed US sportsbooks do not offer youth sports markets.

A possible congressional inquiry could examine whether lawmakers can restrict betting on youth competitions, including through offshore operators.

Request a correction

Keep reading

Regulation

Ted Cruz to file bill giving states control over sports prediction markets

US Senator Ted Cruz is preparing legislation that would give state and tribal governments authority over sports-related contracts offered by prediction markets, citing Bloomberg Law. Cruz intends to file the bill after the 3 November midterm elections. The measure would bar operators from offering contracts linked to gambling activities, including sports betting, without approval from the relevant state or tribal government.

A bill granting state and tribal governments say over sports contracts sold by prediction markets is being drafted by US Senator Ted Cruz, Bloomberg Law reported. He plans to introduce it once the November 3 midterm elections are over. As of now, the text is absent from Congress' website.

Continue reading