New Jersey Rep Introduces Federal Online Gambling Bill
A United States Representative from New Jersey is sponsoring a federal bill to legalize online gambling and sports betting. The Gaming Accountability and Modernization Enhancement (GAME) Act would allow states to regulate their own online gambling markets.
The GAME Act is not intended to legalize online gambling nationwide, but to remove the federal obstacles to the legal industry, allowing states the freedom to establish their own regulations. It does not even include a federal framework for online gambling.
The bill is sponsored by Representative Frank Pallone, who says he has conducted an extensive review of federal gaming laws in the creation of his bill. Pallone says his review uncovered major flaws in the current system which allows illegal gambling and other forms of gambling to prevail.
“Despite the federal gaming laws in place today Americans are betting up to $400 billion a year on sporting events alone,” said Pallone to emphasize the sheer size of the illicit sports betting market. Pallone argues that the current law is outdated, but through the GAME Act it can be modernized to provide “transparency, integrity, and consumer protections.”
The bill is contingent on consumer protections. In states which are able to meet basic standards established by the bill such as age and location verification the federal barriers to legal online gambling will be lifted.
The exact requirements are not spelled out within the bill and could be amended later. At this point it includes data security systems and recourse mechanisms for consumers in addition to privacy protection.