US sports betting could come under increased federal oversight under a new bipartisan bill pushed by two high-profile senators.
On Wednesday, the Associated Press revealed that Senators Chuck Schumer (D-NY) and Orrin Hatch (R-UT) were preparing to introduce the Sports Wagering Market Integrity Act of 2018 in the dying days of the current congressional session. A draft of the proposed bill originally surfaced earlier this month.
Before we go any further, it’s worth parsing the accompanying statements made by each senator, particularly Hatch’s hope that the bill “will serve as a placeholder for the next Congress, should they decide to continue working to address these issues.” Hatch is retiring at the end of the current Congress.
Schumer will still be around in January, and says he will “strongly advocate for this bill to move forward and for Congress to vote to pass federal legislation very soon.” However, few observers expect Congress to expend much energy on this bill in the rapidly closing window of time before legislators head home for Christmas.