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New Jersey lawmaker proposes ban on live micro bets

Regulation

New Jersey Assemblyman Dan Hutchison introduced Assembly Bill 5971 to prohibit licensed sports wagering operators from offering or accepting micro bets during live sporting events, according to the report. The proposal defines these as live proposition wagers on the next discrete play or action and sets fines of $500 to $1,000 per violation.

If enacted, the bill would require New Jersey sportsbooks to stop offering wagers on individual live plays or actions.

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Utah lawmaker proposes defining and banning proposition bets in HB 243

Utah Representative Joseph Elison introduced House Bill 243 last week to define proposition wagers and classify them as illegal gambling, according to reports. Elison said the measure would clarify the state’s existing gambling prohibitions and, if enacted, could give the Attorney General’s office grounds to send cease-and-desist letters. He said the bill would not cover fantasy sports or federally regulated prediction markets.

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