Your SEC football bets might someday be federally certified – and legal.
In perhaps the biggest under-the-radar sports news story of the week, David Purdum of ESPN.com is reporting Congress will huddle soon about comprehensive sports gambling legislation.
The reform discussion was sparked by recent controversies over daily fantasy sports and is worth keeping an eye on over time.
It’s important to keep in mind that this is the U.S. government so you could be years away from having your avatar place bets on professional sports, let alone college sports.
Between Congress and the NCAA… well, let’s just move on.
According to Purdum’s report, at issue is the weaving and modernization of three acts through several decades:
Three statutes — the Professional and Amateur Sports Protection Act of 1992 (PASPA), the Federal Wire Act of 1961 and the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) — are the core of a patchwork of federal laws touching on sports betting. The potential new legislation would attempt to harmonize these laws.
It’s clear that there are many
of us people who bet anyways, as the American Gaming Association estimates $149 billion is bet on sports annually in the U.S., according to the ESPN report.
Opposition could come from many angles, including the NCAA, which has shown absolutely no interest in expanding sports betting.