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New Jersey senators propose four gambling bills on accounts, incentives and payments

Regulation

New Jersey senators have filed four bills addressing gambling account limits, incentives for users of responsible gambling tools, credit-card funding and promotional messages. The measures propose requiring sportsbooks to publish account-limit rules, restricting incentives and credit-card payments, and banning promotional texts and push notifications.

If enacted, the bills would change how New Jersey operators manage accounts, payments and direct marketing.

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Regulation

US senators propose restricting sports contracts on prediction markets

US senators have introduced a bipartisan bill that would prohibit prediction-market contracts on sporting events and casino-like activities while allowing contracts with economic purposes such as hedging, according to the report. Senator Adam Schiff said the Commodity Futures Trading Commission lacks the staff and technical capacity to oversee the sector. Industry representatives dispute claims that the platforms should be treated as gambling.

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