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sports betting legilsation – FairOdds Network

Tag: sports betting legilsation

SAFE Bet Act gets another day in the sun ahead of March Madness

A US congressman and senator are preparing to reintroduce the SAFE Bet Act, again saying they don't oppose digital gambling but want the federal government to make it safer.

On Tuesday (11 March), at a press conference on Capitol Hill, Representative Paul Tonko and Senator Richard Blumenthal gathered responsible and problem gambling advocates and an addiction survivor to talk about the Supporting Affordability & Fairness with Every Bet Act (SAFE Bet Act).

Tonko said there was a change to the original proposal, although the new bill has not yet been filed. In addition to previous requirements in the proposal, which saw no action in the prior congressional session, states would now be required to “work with the federal government to shut down the illegal market”.

This is an issue that states so far have taken the lead on. From Arizona to Michigan, regulators have sent cease-and-desist letters to offshore sportsbooks warning them to shutter. And state legislatures, including those..

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Hawaii digital sports betting bill heads to house floor

Hawaii's house finance committee moved a legal online sports betting bill forward on Monday (24 February). A companion bill is set for a hearing on Wednesday.

An amended version of HB 1308 received committee approval, but at least six members voted “with reservations”. Finance was the third and final Hawaii house committee to pass the bill, which now moves to the house floor. A companion bill, SB 1569, is set to be heard in the senate ways and means committee on Wednesday.

Just ahead of Monday’s vote, chairman Kyle Yamashita offered amendments to make passage more palatable. He suggested removing the tax rate – originally set for 10% – and the licensing fee pending further review. There was much discussion during the hearing about how many tax dollars the state stands to gain.

In addition, representative Sue L Keohokapu-Lee Loy said the $250,000 (£197,761/€238,712) licence fee “appears rather low for an industry that makes billions of dollars. I would love to see that licenc..

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