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
BiS SiGMA South America 2026
06 de April 2026
Sportradar seals partnership with Brazil’s National Basketball League at BiS SiGMA South America 2026
(São Paulo, SoloAzar Exclusive).- Robson Silveira, Sportradar’s Senior Sales Executive for Streaming, spoke about the company’s role at the São Paulo event. Among the highlights, Sportradar unveiled its new iGaming brand Playradar and announced a landmark partnership with the Brazilian National Basketball League (LNB), delivering data, streaming, and integrity monitoring services. In this interview, Silveira explains how the firm is preparing for the FIFA World Cup 2026 and the next chapter of Latam's regulated gaming market.
Tuesday 28 Apr 2026 / 12:00
01.tech Strengthens LatAm Expansion with High-Impact Debut at Bis SiGMA South America
(São Paulo, SoloAzar Exclusive).- Jelizaveta Šapiro, Sales Manager at 01.tech, shares her insights following the company’s debut at SiGMA Latin America, highlighting strong engagement with key partners, valuable new connections, and the importance of establishing a solid presence in the region.
Tuesday 28 Apr 2026 / 12:00
Álvaro Mosquera from GR8 Tech explains the company's visit to BiS SiGMA South America 2026
(São Paulo, SoloAzar Exclusive).- Álvaro Mosquera, Head of Business LatAm at GR8 Tech, describes the event as “very positive,” emphasizing key meetings with operators across Latin America and valuable insights into Brazil’s evolving iGaming market, where flexibility and local readiness are becoming critical for success.
Monday 27 Apr 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.