Emphasis on Safeguarding Players and Athletes: Numerous U.S. States Contemplate Modifying Betting Regulations in Sports
In numerous American states, discourses are currently in progress to modify the guidelines that sports betting service providers will need to adhere to in the forthcoming future. Particularly, several states are advocating for limiting wagers on college matches and outlawing the deposit of funds utilizing credit cards.
Pennsylvania Advocating for Gamblers' Protection
Reportedly, Senator Wayne Fontana submitted a bill last week that would prohibit the utilization of credit cards to fund any form of digital gambling, such as casinos, lotteries, and sports betting, in Pennsylvania.
Gambling consultant Brianne Doura-Schawohl underscored the risks associated with employing credit cards to finance gambling debts:
Extensive research indicates amplified harm when playing with credit card funds. [...] A majority of internationally recognized markets have prohibited the possibility of funding with credit cards. – Brianne Doura-Schawohl, Doura-Schawohl Consulting LLC, Source: iGaming Business
Currently, Pennsylvania's legislation permits consumers to utilize credit cards to load accounts, but experts have warned that this is particularly problematic for individuals with addiction issues.
Consequently, credit card deposits have already been banned in Iowa, Massachusetts, and Tennessee, among others. Pennsylvania should now follow suit.
Betting on College Athletes Faces Scrutiny
Similarly, discussions are underway in North Carolina, Maryland, West Virginia, and Wyoming regarding how to manage wagers on college matches. Presently, 25 U.S. states have restrictions or bans on wagers on college matches. Lately, Ohio passed a corresponding law.
The concern stems from the fact that, in the college sector, where numerous young people are involved, event bets (e.g., a bet on a player's yellow card) can be dubious. Particularly, there have been instances of online bullying of young athletes through social media with the aim of influencing their behavior and performance during the game.
The National Collegiate Athletic Association (NCAA) has also previously addressed this issue, demanding remedial measures in 2020.
The Impact of Gambling in the U.S.
A study by Oxford Economics revealed that the gambling market has developed into an essential economic factor in the U.S. However, significant revenues continue to be generated on the black market, and some states still exhibit resistance or ambiguity towards gambling.
Since 2018, sports betting has been legalized in an increasing number of U.S. states. New York leads the industry, consistently setting new revenue records.
The Ongoing Evolution of Gambling Legislation Globally
The U.S. serves as an illustration that gambling legislation within a country is continually evolving. Efforts are also being made in the UK to continually review the legal framework.
In Germany, a renewal of the State Treaty on Gambling is scheduled for 2026. By then, the Joint Gambling Authority of the States (GGL) aspires to improve the research situation.
In line with the ongoing discourse in various American states about regulating sports betting, it's worth noting that Germany is also planning a renewal of its State Treaty on Gambling in 2026. The German Joint Gambling Authority of the States (GGL) aims to enhance the research situation by then. Meanwhile, online casinos in Germany continue to be a popular choice for many.
Furthermore, the issue of credit card usage for gambling is a topic of concern in many regions, including Pennsylvania. Senator Wayne Fontana recently proposed a bill to ban credit card deposits for digital gambling, citing the risks associated with financing gambling debts using credit cards.
Read also:
- Leverkusen claims victory in the cup, securing a double triumph.
- Alonso achieves a double victory after consuming a German brew.
- Does the SVolt factory in Saarland face stability issues?
- Furor surrounding Sylt scandal footage