Sports Wagering Market Integrity Act of 2018

sports betting

While the federal ban on sports betting was deemed unconstitutional on Tenth Amendment grounds in 1992, former Utah Sen. Orrin Hatch introduced the Sports Wagering Market Integrity Act of 2018 during lame duck season. The bill sought to establish a clearinghouse and federal standards for state sports betting markets. It didn’t get far because it was only symbolic. But in the waning days of Congress, a hearing on sports betting was held before the House Judiciomber subcommittee.

Legalization of sports betting

The legalization of sports betting has been a hot topic in recent years, and not just in California. More states are poised to pass similar legislation in the coming years. This “trailer” legislation could amend the allocation of tax revenue in states that have already legalized sports betting. This legislation would not directly address the issue of legalized sports betting, but it does present an opportunity for states to benefit from newfound revenue, which could benefit community sports programs.

A Supreme Court ruling in May 2018 cleared the way for sports betting in New Jersey. Now, various state legislatures are considering sports betting legislation, and Congress is hearing and weighing legislation. In September 2018, Sens. Orrin Hatch and Chuck Schumer co-introduced comprehensive sports betting legislation. There have also been numerous sports betting bills introduced this year, including legislation in the House Judiciary Committee. This dual track has been growing in the United States since the beginning of 2017.

Safety of legalized sports betting

As legalized sports betting grows in popularity, a number of issues come to light. Many states have adopted data privacy laws and regulations, and sports betting platforms should be aware of them as well. Cyber criminals follow the money, and sports betting providers are no different. The massive increase in sports betting will likely attract cyber criminals who want to access this data. Sports betting platforms should take appropriate steps to ensure that personal data remains secure.

While regulated markets are generally safe, there are still issues. Although illegal operators have some advantages in this era of legalization, it is far safer to bet with state-licensed operators. Technological advances and fierce competition are helping to improve safety in the industry. In the meantime, there’s no need to abandon legalized sports betting altogether. Here are some practical tips on how to protect your money when you bet on sports:

Terms used in sports betting

There are many terms used in sports betting and knowing them can be beneficial. For newbies, it’s a good idea to study a sports betting glossary and dictionary before you get started. The following are just a few terms used in sports betting. They will help you understand the different types of wagers you can place. Here’s a quick guide to a few of the most common types of bets.

”Cover the spread” means the team wins by more than the point spread. This is a way to determine the favorites and underdogs. You may also hear the saying ‘Roll Tide’ or see the hashtag #RollTide on social media. You’ll also need to understand what “push” and ‘over’ mean. A push is a term used in sports betting when a team is expected to win by more than a certain number of points.