PoliciPro’s Post

✅ Sports Betting in 2024: Key Takeaways and Areas for Improvement As we reflect on the past year, here are some highlights and areas of opportunity in the sports betting industry: 📈 Growth and Expansion: - Sports betting has seen significant growth since its legalization in 2018. - This growth brings potential tax revenue for states considering legalization, such as Texas. 🚨 Challenges: - Scandals have raised questions about the integrity of the industry, highlighting the need for better regulation. - Concerns about the implementation of sports betting and its impact on existing gambling entities must be addressed. 👀 Public Perception: - Negative perceptions and concerns about sports betting have emerged due to the issues mentioned above. 🌟 Opportunities for Improvement: - Strengthen regulation and oversight to prevent scandals and protect consumers. - Ensure that any expansion of sports betting benefits all stakeholders involved. - Foster a more equitable and transparent ecosystem to maintain trust and enjoyment for all participants. 💬 Share your thoughts on achieving fairness in the sports betting industry! Can the free enterprise ecosystem come together to create a better future for all? 🤔

U.S. Representative Paul Tonko and Senator Richard Blumenthal have renewed their push to bring nationwide regulation to sports betting through the Supporting Affordability and Fairness with Every Bet (SAFE Bet) Act. The proposed legislation aims to establish a federal standard for gaming operators, framing sports betting as a public health crisis, and targeting three key areas of regulation: (1) advertising, (2) affordability, and (3) artificial intelligence. To learn more, read our latest #LegalAlert authored by Snell & Wilmer attorneys Heidi McNeil Staudenmaier and Megan M. Carrasco. https://bit.ly/4gJshXb #LegalAlert #GamingLaw #SportsLaw

Explore the Legal Landscape of Sports Betting with the latest insights from Forbes' comprehensive guide on states where sports betting is legal. For regulatory professionals, this offers essential insights into the sports betting landscape, helping you stay updated and informed https://lnkd.in/gj6N4i62 #SportsBetting #LegalBetting #ForbesInsights #PoweringGovernments

The temporary injunction ruling against Venu Sports makes for some interesting reading. Here are some of the key statements: (Ruling here: https://lnkd.in/eqKXDeNp) - When it comes to live sports programming, the JV Defendants dominate. Together, they own over 60% of the telecast rights to nationally broadcast live sports, and an even larger share of the most-watched sports like football and basketball and the most-watched events like playoff or championship games. - Irrespective of any agreement between them, though, once the JV launches, the JV Defendants have no reason to take actions that could allow for the emergence of direct competitors. Quite the opposite: the multi-year monopolistic runway they have created for themselves will provide powerful incentives to thwart competition and hike prices on both consumers and other distributors. - But even if the JV Defendants swear that such price-hiking and competition- excluding will not actually occur (though, as discussed below, there is good reason to believe that it will), one purpose of antitrust injunctions is to prevent anticompetitive incentives from forming in the first place so that American consumers do not have to simply take their word for it and hope for the best. - Because Fubo is likely to be successful in proving its claims that the JV will violate this country’s antitrust laws, because Fubo and American consumers will face irreparable harm in the absence of an injunction, and because the equities and the public interest weigh in favor of preserving the status quo pending full and fair adjudication of all issues in this matter, the Motion is HEREBY GRANTED. Note: I added logos to the ruling document. #streamingmedia #fubo #venusports #sportsnews #SVOD #cordcutting

Proposed new legislation on sports betting would place control in federal hands: https://lnkd.in/ecNaJNPY Two of the more vocal critics of the sports betting industry on Capitol Hill outlined legislation Th...

If illegal sports betting isn’t a major topic of discussion during tomorrow’s U.S. Senate Judiciary Committee hearing on sports betting regulation, it will be a missed opportunity. Illegal offshore sports betting operators are the real threat to the market, exploiting U.S. consumers without safeguards, oversight, or contributions to state economies. Federal efforts should be focused on targeting these illegal sportsbooks — not imposing unnecessary restrictions on the state-regulated industry. Earlier this year, GeoComply released a video exposing the dangers of illegal gambling and its impact on U.S. consumers. I urge lawmakers to watch it and turn their attention on dismantling these illegal operations. Since GeoComply issued this call to action in February, more than a dozen state regulatory bodies have taken significant steps, issuing cease-and-desist orders against one of the largest illegal offshore operators. While these actions are encouraging, they are just the beginning. To be truly effective, state-led initiatives require federal support. Congress should empower federal law enforcement to combat illegal operators who undermine consumer safety and the integrity of the legal, regulated market. Let’s protect consumers and strengthen the state-regulated system that delivers real benefits to communities nationwide. Watch the video here: https://lnkd.in/eah4BRBV

Our new blog by Benjamin MacLean and Whitney Fore discusses how the SAFE Bet Act aims to set federal standards for sports betting, with a nationwide prohibition unless states get federal approval. Find out the implications for state regulations: #SportsBetting #GamblingRegulation https://lnkd.in/e3puwaB6

🎲🏆 Progress in the regulation of sports betting in Brazil: companies now need approval from the Ministries of Finance and Sports to operate. Interministerial Ordinance No. 28 stipulates that the Attorney General's Office will resolve any disagreements between the ministries. Additionally, measures to ensure the integrity of sports results have been strengthened. 🔹 Check out the full news on our website. Click the link below to access it! https://lnkd.in/dz2ZP3jR #betting #igaming #iGamingBrazil #iGamingBR #marketing #legislation

Fantasy sports laws are constantly evolving, with states and countries updating regulations that could impact your platform. Falling behind on compliance isn’t just a hassle—it can lead to fines or even shutdowns. At Jebran & Abraham, P.C., we help operators stay ahead of regulatory changes, ensuring your business remains fully compliant while you focus on growth. Don’t let shifting laws put your platform at risk. 📞 Call 267-477-1061, ext. 114 today to safeguard your compliance strategy. #FantasySports #RegulatoryChanges #StayCompliant #GamingIndustry #AuditReady #JebranAndAbraham

We are proud to support our CEO, Anna Sainsbury, in calling attention to the real threat posed by illegal offshore sports betting operators. As a licensed entity in every U.S. state that regulates mobile sports betting, GeoComply has seen firsthand the incredible work of state regulators to oversee this industry, protect their citizens, and foster a safe, well-regulated market. We welcome thoughtful discussion that truly strengthens and preserves the regulated market and drives out illegal online sports betting.