Quote by Jonathan D. Cohen

“The SAFE Bet Act would reenact a ban on sports betting but create a process whereby states can apply to the Department of Justice to set up sports betting operations, offering federal oversight to ensure states have sufficient consumer protection regulations in place. The “minimum federal standards” called for in the bill fall across three categories. First, advertising, banning certain ad content such as bonus offers and placing limits on when gambling ads can run, including during live sporting events. Second, affordability, banning credit card deposits, requiring affordability checks for anyone making a large wager, and banning sportsbooks from accepting more than five deposits from a customer over a twenty-four-hour period. Third, artificial intelligence, banning the use of AI to track players’ gambling or create individualized promotions.”

Quote by Jonathan D. Cohen