timeline For Sports BettingJune 10, 2021
Sports betting is the act of placing a bet on the possible outcome and predicting sports outcomes. With this, it differs from gambling. The frequency of sports wagers varies greatly by country, with the majority of bets being placed in professional sport games. In some countries like Ireland, sports betting is not legalized, while in many countries sports betting is legalized but not regulated. Gambling refers to the tendency to place a bet on the possible outcome of a game; sports betting refers to a wager being placed on the possibility of a sporting event occurring.
The two major sports betting events are the NFL Combine in Indianapolis, Indiana, and Super Bowl in New Orleans. The International Football Association Football Rules and Regulations (FIFA) have also set a timeline for the next world cup, scheduled to be held in 2021. The current timeline for the World Cup can be seen at the FIFA website.
Both of these major sports betting events have increased bettors across the globe. In fact, over the past few years the United States has seen a significant increase in total bettors, both wagering and registering for a bet. It should be noted that the United 꽁머니 States does not currently have a federal ban on sports betting. However, the United States government does have an advisory committee on gambling issues, which recommends a potential ban if there is a perceived need for one. This advisory committee is made up of members who are former politicians and sports industry insiders.
In February, two gambling bills were reintroduced into Congress. One of these bills would allow state-licensed gambling and sports betting operators to operate online in the United States. As previously mentioned, the goal behind this bill is to create an online betting system, similar to what is already in place in the UK and Canadian provinces. However, this bill would allow states to legalize sports betting without using federally approved gambling licenses. According to the Las Vegas Review Journal, Assemblyman Steve Roberts (R-UT) proposed the “Federal Ban on Sports Betting” which is attached to the oversight and regulation of the Department of Justice.
The second proposed legislation, also from Steve Roberts, would give states the option to adopt a sports betting law similar to the Canadian model without needing to apply for federal approval first. This bill was not brought up for a vote by the House of Representatives. Therefore, it is still alive and waiting to become a law. If passed, this new timeline would affect all states that choose to legalize sports betting online, even those that do not currently have such laws. The main purpose of this timeline is to give the states more time to come up with a system that the congress will eventually approve of.
According to this new timeline, legal sports betting should begin in January or February of each year. A special three-day weekend “gavel bang” session should be held to kick off the new sports betting season. Members of the public will be allowed to bet online for all matches taking place during this timeframe. It is also recommended that no sports betting transactions are made outside of the jurisdiction of the site from which they were made. All other local sports betting activities must be halted until further notice.
The third proposed timeline would legalize sports betting for all games taking place during the entire 2021 calendar year. This would be an ambitious goal but is possible if the timeline proposal is passed into law. Some members of Congress who are pushing for this law include Representatives Don Young (CA), Filemon Vela (TX), Jim Bridenstine (IN), Tom Coburn (OK), Thomas Caraway (NC), Marsha Blackburn (TN), Allen West (FL), Tom Coburn, Pat Toomey (PA) and Ron Paul (TX). Although these members of Congress represent states that do not yet have online sports betting legislation, many have publicly stated that they expect that it will soon be introduced. All four members of Congress also sit on the House Committee on Science and Space, so it is likely that this issue will come up during that committee’s next meeting.
If the current Congressional timeline for introducing a sports betting bill into law does not include an official release by 2021, then there is very little time left for any meaningful progress. Why wait another six months or more for a single legislative body in the world to craft and enact a series of complex and important laws for the regulation of sports betting? If nothing else, Americans have a right to expect their elected officials to prioritize the immediate needs of the nation over anything else. A timeline for introducing sports betting into law provides just that kind of pressure. For that reason, it should be enacted as quickly as possible, so that American gambling can get back to enjoying some measure of stability again.