Representatives Dina Titus and Guy Reschenthaler introduced legislation to repeal the US federal excise tax on sports betting. The tax requires legal operators to pay 0.25% of wagers and $50 per sportsbook employee; the lawmakers said it disadvantages licensed sportsbooks, while previous repeal bills have not passed.
Licensed operators’ federal tax burden could change if Congress approves the proposed repeal.
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Ohio Governor Mike DeWine said he would sign a bill repealing the state's legal sports betting framework, but believes lawmakers lack the votes to pass one. He said concerns over gambling advertising and harassment of college athletes contributed to his regret; Ohio's ban on college player prop bets took effect in February 2024.
Vermont House Bill 133, filed by Democratic Representative Thomas Stevens, proposes repealing the state's sports betting legalisation act and lottery provisions. The bill received one reading and was referred to the Committee on Government Operations and Military Affairs; the report says DraftKings, FanDuel and Fanatics were operating in the state.
Nevada representatives Steven Horsford and Mark Amodei introduced a House bill to prohibit prediction-market contracts based on sports events and casino-style products. The legislation is a companion to a Senate proposal; Horsford said users should receive the same protections regardless of the app they use. The source also says a Netflix documentary on prediction markets is due to premiere on 26 July.
Ohio representatives Johnathan Newman and Beth Lear filed House Bill 971 on 1 July, proposing to end online and mobile sports betting and limit wagering to in-person casino betting. The proposal would also prohibit live betting, parlays, college sports betting and player prop bets, among other restrictions; it has not yet been assigned to a committee.
US senators John Curtis, Adam Schiff and Catherine Cortez Masto introduced the Prediction Markets are Gambling Act, which would prohibit prediction contracts tied to sports, athletic competitions and casino-style games. Curtis said the bill targets only part of the prediction market sector and could be reintroduced if necessary; the measure remains under consideration.