Stakeholders want federal assistance to help with rising responsible gambling challenges and new technologies.
Federal officials should pursue stronger responsible gaming tools and clearer regulations on new gaming offerings, a panel of industry stakeholders said during a webinar Thursday. With the rapid expansion of in-person and now online gambling over the past decade, the U.
S. federal government must respond to new challenges for gamblers and types of gaming or gaming-related offerings, stakeholders stated. Speaking remotely during a webinar hosted by IC360, the panelists agreed the rapid changes to the industry require a federal response. “Legislatively something's going to have to be done because every year or two something new comes along that you're going to have to continue to deal with,” said ProhiBet Managing Director Matt Heap. “The fact of the matter is it moves so fast, a regulated government entity cannot keep up with that at the speed that it changes and new things.”Nearly 40 states have approved some form of legal sports betting since 2018 and another seven permit real money online casinos. Virtually every state governmentThe hundreds of billions bettors wager annually and millions more sportsbooks spend on advertising has increased industry scrutiny, specifically to problem gamblers. This presents a grave threat to gaming’s perception in society, panelists agreed Thursday, and must be addressed at the federal level. "If we don't have a national self-exclusion program sometime in the near future, we're going to have more and more people falling through the cracks and not providing them with the tools that they desperately need..." ProhiBet Director Matt Heap during an IC360 webinar todayThough the percentage of problem gamblers is projected to be in the low single digits nationally, the increase in gambling access means this still constitutes a growing part of the population, said Dave Rebuck, former director of the New Jersey Division of Gaming Enforcement. New Jersey, one of the first states to legalize brick-and-mortar casino gaming, iGaming and sports betting, has taken a holistic approach to gaming disorders, a path that federal assistance must bolster. One such tool would be a national digital self-exclusion list, Heap said. The current state-by-state patchwork for mobile and in-person exclusion lets problem gamblers cross state lines and continue gambling irresponsibly.Aside from national responsible gambling tools, speakers at today’s panel have opposed. There's a growing consensus Congress and the Justice Department should take on policies for the growing number of online offerings state officials don't regulate. Along with sweepstake and social casinos, there are a rising number of betting and prediction markets available. This includes Kalshi, which won a court case to sell prediction contracts on the 2024 presidential election, and extends to digital trading platforms such as Crypto.com, which offers Super Bowl futures contracts. These offerings find loopholes around existing federal policy, panelists said Thursday, that can't be addressed at the state level. Ryan is a Senior Editor at Covers reporting on gaming industry legislative, regulatory, corporate, and financial news. He has reported on gaming since the Supreme Court struck down the federal sports wagering ban in 2018. His work has been cited by the New York Daily News, Chicago Tribune, Miami Herald, and dozens of other publications. He is a frequent guest on podcasts, radio programs, and television shows across the US. Based in Tampa, Ryan graduated from the University of Florida with a major in Journalism and a minor in Sport Management. The Associated Press Sports Editors Association recognized him for his coverage of the 2019 Colorado sports betting ballot referendum as well as his contributions to a first-anniversary retrospective on the aftermath of the federal wagering ban repeal. Before reporting on gaming, Ryan was a sports and political journalist in Florida and Virginia. He covered Vice Presidential nominee Tim Kaine and the rest of the Virginia Congressional delegation during the 2016 election cycle. He also worked as Sports Editor of the Chiefland Citizen and Digital Editor for the Sarasota Observer.If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
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