Congress Members to Call For Sports Betting, Prediction Market Reforms
Story summary
Sen. Richard Blumenthal (D-CT) and Rep. Paul Tonko (D-NY) today, along with two national nonprofit associations, will announce the launch of a new initiative to call for stronger federal oversight and consumer protections for sports betting and prediction markets. Blumenthal, Tonko, the Public Healt
📌 Key Highlights & Takeaways
- Richard Blumenthal (D-CT) and Rep.
- Paul Tonko (D-NY) today, along with two national nonprofit associations, will announce the launch of a new initiative to call for stronger federal oversight and consumer protections for sports betting and prediction markets.
- Blumenthal, Tonko, the Public Healt
Sen. Richard Blumenthal (D-CT) and Rep. Paul Tonko (D-NY) today, along with two national nonprofit associations, will announce the launch of a new initiative to call for stronger federal oversight and consumer protections for sports betting and prediction markets .
Blumenthal, Tonko, the Public Health Advocacy Institute (PHAI), and Families and Friends of Gamblers (FFOG) today will announce the launch of “Truth and Integrity: the Movement for Gambling Reform,” which will focus on greater accountability from the gambling industry and the sports and technology companies. The launch of the new program will be unveiled today at 4 p.m.
“We will continue to gain bipartisan support in both chambers of Congress. There is overwhelming evidence that we are in the midst of a mental-health and public-health crisis related to gambling addiction,” Harry Levant , a board member of FFOG, said in a press release . “This movement is just the beginning. It is a cry from the nation that we’ve had enough.”
The new program will focus on the following three fronts to advance changes to the sports betting and prediction market industry:
According to the advocates, lawmakers in Massachusetts, New Jersey, New York, Pennsylvania, Connecticut, Minnesota, Georgia, and Colorado have already shown early support for the program.
Blumenthal and Tonko will serve as leading voices in Congress to call for more federal oversight of the two industries. PHAI and FFOG will push for action from lawmakers, professional sports leagues, and the NCAA.
Boht Blumenthal and Tonko have been prominent Congress members to call for changes in the gaming industry over the last several years.
Most recently, Blumenthal, Tonko, and Rep. Valerie P. Foushee (D-N.C.) criticized FanDuel’s VIP sports betting program and responsible gaming practices. The Congress members called on FanDuel to eliminate its VIP sports betting program,
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