With March Madness underway and billions of dollars being legally wagered across the country, Sen. Richard Blumenthal and Rep. Paul Tonko chose this moment to reintroduce the SAFE Bet Act, a proposal that remains in a very early stage of the legislative process, having only been referred to committee so far.
The stated goal is to protect consumers from addiction and financial harm, but the bill could end up pushing those bets underground instead.
The SAFE Bet Act seeks to establish federal standards for legal sports betting, including strict limits on advertising during live sporting events,…
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