Senate minority leader Chuck Schumer offered suggestions for a federal framework for sports betting, including using official league data to determine outcomes.
Senate minority leader Chuck Schumer puts forth suggestions for federal sports betting bill, including sports books using ONLY official datahttps://t.co/Bs9AehnGdD
— Ben Fawkes (@BFawkesESPN) August 29, 2018
Suggesting that legal books would have to use official data could be a huge revenue stream for leagues, but some could also be strongly opposed, reasoning that requiring official data would give the leagues a monopoly and not integral to the sanctity of a bet.
“As a New York sports fan – especially my Yankees and Giants – and a senator, my priority in the wake of the Murphy v. NCAA decision is making sure the integrity of the games we love is preserved, that young people and those suffering from gambling addiction are not taken advantage of, and that consumers that choose to engage in sports betting are appropriately protected,” Schumer said in a statement. “With the Supreme Court’s ruling, it’s incumbent on the federal government to take a leadership role and provide the necessary guidance to prevent uncertainty and confusion for the leagues, state governments, consumers and fans alike.”
Schumer’s suggestions are what the sports leagues have advocated for — a national framework so that each state, while they can decide on their own whether they want to take on sports betting, won’t be able to make their own rules.
“The stakes are too high — legal sports betting laws must be crafted and executed in a careful and thoughtful way,” Schumer said. “As state legislatures develop new legislation in the weeks and months ahead, I hope they will take these principles under consideration. I also support the efforts in the Congress to debate and develop bipartisan federal legislation that would adhere to these principles. The integrity of sports is too precious to not protect as best we can.”
The feds will eventually get in the sports betting business, there’s too much money at stake for them not to get a piece.