Sports betting industry targeted by new legislation in Connecticut, US
Wednesday 18 de September 2024 / 12:00
⏱ 2 min read
(Connecticut).- The rapidly growing sports betting industry, legalized in many states including Connecticut, is now being targeted by new legislation. The SAFE Bet Act would establish federal standards for sports betting regarding advertising, affordability and artificial intelligence.
U.S. Sen. Richard Blumenthal (D-CT) and U.S. Rep. Paul Tonko (NY-20) introduced the SAFE Bet Act, which would establish federal standards for sports betting regarding advertising, affordability, and artificial intelligence.
“This industry is growing astronomically and so is the problem of addictive gambling,” Blumenthal said. “The gambling industry knows it, exploits it, and we need to take action to reign in the excesses and abuses before they destroy a lot more families and people.”
The gambling industry, he added, is expected to grow by 30% this year, up from $26 billion to $35 billion.
“This industry targets losers. It does so methodically and scientifically using algorithms to track who’s betting, what they’re betting on, whether they’re winning or losing,” Blumenthal commented. “We need to impose safeguards and guardrails for this industry, and the way to do it is through a federal standard. The state standards for gambling are half baked and faint hearted.”
Blumenthal said the SAFE Bet Act would establish national standards through federal law that would restrict enticements that lure in gamblers and would forbid advertisements during certain hours.
“It used to be the little old lady at the slot machine that we were concerned about, now it’s 20 something males betting on sports,” said Diana Goode, executive director of the Connecticut Council on Problem Gambling. “We’ve had people call who’ve said they’ve cashed out their 401k, they’ve taken a second mortgage on their home, they spent their kids college fund.”
By Amanda Pitts
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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