States Crack Down on College Athlete Prop Bets and Credit Card Gambling
25.06.2024
A number of American states are considering new regulations for wagering.
Since sports betting was legalized in each state a couple of years ago, legislators and authorities have been focusing more on safeguarding individuals and competitors. Last week, several new regulations were suggested that would prevent individuals from utilizing credit cards to deposit funds into online gaming accounts and would prohibit betting on collegiate athletes.
Next week, Wyoming will begin exploring additional methods to protect athletes, including the possibility of prohibiting betting on college athletes.
Last week, a state senator in Pennsylvania, Wayne Fontana, proposed a new law that would prevent individuals from using credit cards to deposit funds into any type of online gambling, such as casinos, lotteries, and sports betting. Currently, Pennsylvania permits individuals to utilize credit cards to deposit funds into these accounts, but individuals who work to assist those with gambling issues argue that this is detrimental because it exacerbates the problem for individuals who have a gambling addiction.
One individual who works to assist those with gambling issues stated, “There is substantial evidence demonstrating that using credit cards for gambling worsens the issue.” He also mentioned that most nations with robust gambling laws have already prohibited the use of credit cards to deposit funds into gaming accounts.
The proposed legislation in Pennsylvania will come into force in two months and has been referred to the Community, Economic and Recreational Development Committee. If approved, Pennsylvania would join a small number of states, including Iowa, Massachusetts and Tennessee, that do not permit credit card wagering.
The NCAA’s player prop suggestion is gaining support as legislators and regulators seek new athlete safeguards, despite the fact that credit card prohibitions safeguard consumers.
In North Carolina, legal online sports betting became active in March, and the legislative session began on April 24th. According to WRAL, Rep. Marcia Morey intends to introduce legislation that would prohibit college player prop betting. The NCAA has requested that lawmakers and regulators nationwide consider a prohibition. The organization stated it would safeguard college athletes from harassment. The Louisiana Gaming Control Board is the latest entity to implement a prohibition, which will take effect on August 1st.
Responsible and problem gambling advocates also view these types of prohibitions as an additional layer of athlete protection.
As sports betting continues to increase, the NCAA is taking steps to safeguard student-athletes from harassment and to attempt to preserve the integrity of the game – this week highlighted the significance of taking action. pic.twitter.com/krATwpS4hZ
Ohio regulators prohibited college player prop betting in February. Maryland’s prohibition on these types of wagers took effect on March 1st.
The Ohio Gaming Oversight Board declared the prohibition, stating that Ohio became the 25th state to restrict or forbid wagers on collegiate competitors.
The Ohio Gaming Oversight Board implemented an extra layer of athlete protection last July, making it against the law for anyone who has harassed an athlete to place bets on them in the regulated market. The West Virginia Lottery Commission also introduced a similar regulation in February, forbidding harassers from wagering in the regulated market.
Certain states will punish harassers.
@shelbymswanson penned a fantastic article about how prop bets impact collegiate athletes and how social media fans and even delivery drivers harass them. https://t.co/fBfNUb99Wg [@shelbymswanson](https://twitter.com/shelbymswanson?ref_src=twsrc%5Etfw)
At the request of the NCAA and the University of Wyoming, the Wyoming Gaming Commission will host an informative meeting on May 9 to start considering how to manage collegiate player prop bets.
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