Romney Involved In Sports Gambling Proposal Discussions

0
105

US Senator for Utah and former presidential nominee Mitt Romney has been engaged in preliminary debates on a federal sports gambling proposal, one of Romney’s employees told iGB North America

Romney works with New York’s Senator Chuck Schumer on a bill anticipated to be comparable to the Sports Wagering Market Integrity Act.

Schumer and now retired Utah Senator Orrin Hatch (who was replaced by Romney in the Senate) co-sponsored that bill. In December 2018, it was implemented but was not allocated to a commission.

The 2018 bill, S.3793, created a general ban on sports wagering, but permitted countries to submit requests to the Justice Department to establish their own regulatory structure, provided they adhered to a set of minimum norms.

Although S.3793 did not suggest that sports betting operators pay the professional leagues integrity charges, it did mandate the use of official league information for betting purposes. The National Sports Wagering Clearinghouse, which is financed by the 0.25% federal excise tax on sports betting handle, would also be created as the main sports integrity monitoring body for the US.

States would have been allowed to legalise wagering online and in-play under S.3793, although betting on amateur sports would be prohibited, with the exception of Olympic Games, Paralympic Games, Pan-American Games and some national sports.

ESPN reports that the National Collegiate Athletics Association (NCAA) supports the federal bill, implying that Hatch’s earlier bill would remove the intercollegiate exception.

With a number of countries already passing legislation on sports betting and launching legal wagering, it continues to be seen whether the federal proposition is gaining traction.

However, in the 2018 judgement of the Supreme Court to strike down the Professional and Amateur Sports Protection Act (PASPA), it stated that it would not be unconstitutional to have a federal law governing sports betting.

LEAVE A REPLY

Please enter your comment!
Please enter your name here