“To prohibit proposition bets made with respect to the performance of a student athlete, and for other purposes.”
No CRS summary available for this bill.
This section states congressional findings that sports betting—including proposition bets on student athletes—constitutes substantial interstate commerce with national economic impacts on intercollegiate sports; that such activities cross state lines via online platforms, physical establishments, and multi-state participants; and that federal regulation under the Commerce Clause is warranted to protect student athletes' integrity, well-being, and educational environments.
This section prohibits any individual or entity engaged in the business of betting or wagering from accepting a bet or wager that includes a covered prop bet on a student athlete in an intercollegiate sporting event. (Covered prop bet means a bet or wager on the occurrence or non-occurrence of an action or achievement by a student athlete that may or may not bear directly on the event's final result; intercollegiate sporting event means a college-level sporting event with student athlete eligibility set by a national association for promoting or regulating college athletics (e.g., NCAA); student athlete means an individual participating in such an event.) Violations are treated as a violation of a Federal Trade Commission (FTC) rule under FTC Act §18(a)(1)(B) (15 U.S.C. 57a(a)(1)(B)) defining unfair or deceptive acts or practices, with FTC enforcement using all authorities, jurisdiction, powers, duties, penalties, privileges, and immunities of the FTC Act (15 U.S.C. 41 et seq.).