Bill > HR1552

This bill prohibits "prop bets" (proposition bets) involving student athletes in collegiate sports, addressing betting practices that focus on individual athletes' performance rather than game outcomes. The legislation recognizes that sports betting across state lines significantly impacts interstate commerce and affects the national economy. Under this bill, no individual or entity engaged in betting can accept wagers on specific actions or achievements of student athletes in collegiate sporting events, such as betting on whether a particular player will score a certain number of points or make specific plays. The Federal Trade Commission (FTC) will be responsible for enforcing these regulations, treating violations as unfair or deceptive practices under existing consumer protection laws. The bill defines key terms like "covered prop bet" as a wager on a student athlete's specific actions that may not directly influence a game's final result, "intercollegiate sporting event" as a collegiate-level competition with eligibility rules set by a national athletics association, and "student athlete" as an individual participating in such events. The legislation aims to protect student athletes' welfare, maintain the integrity of collegiate sports, and prevent potential exploitation or undue pressure on young athletes through targeted betting practices.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1552/all-info