US Sen. Brian Schatz plans to introduce legislation that would outlaw micro prop bets in games and provide the Federal Trade Commission with authority to go after companies that knowingly facilitate illegal, offshore gambling.
During a Senate Commerce subcommittee hearing on sports betting, Sen. Schatz presented the proposed bill aimed at addressing concerns related to offshore gambling. The legislation seeks to prohibit micro prop bets and empower the Federal Trade Commission to take action against entities enabling illegal offshore gambling activities.
The move comes as part of broader efforts to regulate the sports betting industry and combat illicit gambling practices, highlighting the importance of ensuring consumer protection and integrity within the sector.
