Congress hits a wall on reining in sports betting, prediction markets
Lawmakers appear to have stalled out on a months-long effort to pass legislation imposing new rules on the booming business of sports gambling and prediction markets, despite bipartisan agreement the industries have gone underscrutinized by the federal government for too long. Critics in both chambers say major online sportsbooks like FanDuel and DraftKings are not doing enough to limit opportunities for corruption and game rigging, while they reap big profits from millions of Americans, a...
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Why it matters
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- What's the story?
- Lawmakers appear to have stalled out on a months-long effort to pass legislation imposing new rules on the booming business of sports gambling and prediction markets, despite bipartisan agreement the industries have gone underscrutinized by the federal government for too long. Critics in both chambers say major online sportsbooks like FanDuel and DraftKings are not doing enough to limit opportunities for corruption and game rigging, while they reap big profits from millions of Americans, a...
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 30m ago.
How outlets are framing the same story
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Congress hits a wall on reining in sports betting, prediction markets
Sources1TypeCoverageThe Hill