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
AffPapa Conference Madrid 2026
18 de May 2026
AI Is Redefining Acquisition, SEO, and Retention in iGaming
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, industry leaders gathered for the panel “From Algorithms to Advantage: How AI Is Reshaping Acquisition, Retention, and Risk in iGaming,” where experts explored the growing influence of artificial intelligence across marketing, SEO, CRM, localization, and business operations. Moderated by Viorel Stan, the discussion featured insights from Shahar Attias, Assaf Stieglitz, Julia Logan, Efe Baysal, Frederico Camara, and Aris Vrakas.
Wednesday 27 May 2026 / 12:00
AffPapa Conference Madrid 2026: “The Next Generation Doesn’t See a Border Between Gaming and Entertainment”
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, industry executives and product specialists gathered for the panel “Gen Z & Gen Alpha: Designing Products For the Next Player Generation,” a discussion focused on changing player behavior, digital habits, gamification, prediction markets, and the future of iGaming products. Moderated by Thomas Carvalhaes, the session featured insights from Filip Koubek, Natalia Roitonen, Laura Gago, Henk Wolff, and Artak Ashkhatoyan. Throughout the conversation, speakers debated how younger audiences interact with gambling-related products and why operators must rethink product design, engagement, and responsible gaming strategies.
Tuesday 26 May 2026 / 12:00
Amusnet Achieves Major Industry Recognition at AffPapa Awards 2026
(Sofia).- Amusnet has achieved an important award at the AffPapa iGaming Awards 2026, achieving one of the industry's top recognitions that celebrates excellence in the global iGaming sector.
Monday 25 May 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.
