Sports Betting Congressional Hearing Takewys

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The Congressional hearing on sports betting , which was postponed in late June, is back on the docket. ET on Sept. A full list of parties testifying was not immediately available.

Since the high court ruled the law unconstitutional on Tenth Amendment grounds on May 14, four states have had licensed operators take legal sports bets — New Jersey, Delaware, Mississippi and West Virginia, with two more likely to join by the end of in Pennsylvania and Rhode Island, both of which have legalized sports wagering.

Absent a full list of people testifying, we can at least identify the major categories of stakeholders, most of which are likely to have representation directly or indirectly.

Bruning did credit Harris and the state of Nevada on the outstanding work they do when monitoring brick-and-mortar casinos. This point, along with the lack of enforcement of the Wire Act , were talking points from the former Nebraska attorney general.

UIGEA is a bit complex but it boils down to prohibiting operations from knowingly accepting payments from people who wagered online in an unlawful manner.

At least on the surface. As John Pappas pointed out on Twitter in the immediate aftermath of the hearing, the goal may have been to establish a record.

If Congress does address NIL, then sports betting will be on the table. In addition to the coincidental timing of the hearing mentioned by Pappas, and the subsequent Wire Act opinion, Congress also has a track record of sneaking gaming legislation into larger bills.

Unfortunately, rushed legislation often leads to flawed legislation. Those who are more in favor of an open market approach, where rules and regulations are taken care of on a state-by-state level, will disagree.

One of the shining examples they might hold up is Nevada, which has strictly monitored and enforced regulations in place on the gambling sector.

The states already look after matters of record-keeping, anti-money laundering, age restrictions and licensing when it comes to other types of gambling that they currently offer.

They will argue that sports betting should not be handled any differently. There is also the issue of how sports betting operators are able to use exclusive league data.

For example, the NBA has already partnered with MGM Resorts as its official gaming partner to give it access to official league data as part of their deal.

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NBA's 10 worst betting seasons of the past 30 years. Harris rebuts that claim, arguing that state regulations that impose high standards on operators are the perfect tool to combat such activities.

She runs through the way it works in Nevada, including the in-person requirement for sports betting account registration.

Harris says she feels there would be some jurisdictional concerns about updating the federal law. Both Bruning and Bernal again argue that Congress must get involved to hep curtail illegal online gambling.

Cedric Richmond focuses on gambling on credit versus using funds available on a debit card. He takes issue with credit as an available option for gamblers.

Bernal is happy to take the lead on that one. Harris testifies that credit card companies are reluctant to process transactions related to gambling.

A discussion about integrity fees arises in the middle of that questioning, but the broadcast suffers enough disruption to make transcription impossible.

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