SectorWire
SearchRegister
MenuClose

Paul Tonko proposes federal sports betting limits in SAFE Bet Act

Regulation

US Representative Paul Tonko said he plans to introduce the SAFE Bet Act later in 2024, proposing federal standards for states that offer sports betting. The proposed measures include restrictions on advertising, a five-deposit limit per 24 hours, affordability checks before large bets, a credit-card funding ban and limits on AI use.

If enacted, the proposed standards would affect sportsbook advertising, deposits, affordability checks and betting-market design.

Request a correction

Flag an issue

Keep reading

Regulation

Blumenthal and Tonko back federal gambling reform proposals

US Senator Richard Blumenthal and Representative Paul Tonko joined the Public Health Advocacy Institute in Washington, DC, this week to promote gambling policy changes. They backed the SAFE Bet Act, which would set federal safeguards for state-licensed sportsbooks, and a newly introduced bill proposing consumer protections for online prediction markets and a shift to state regulation; the American Gaming Association and prediction-market industry oppose federal intervention.

Continue reading