SAFE Bet Act

The SAFE Bet Act establishes federal standards for state-run sports wagering programs, requiring states to create approved programs with specific consumer protections and integrity safeguards. Key provisions include banning bets on amateur/intercollegiate events, prohibiting betting on events already underway, creating a national self-exclusion list for problem gamblers, and setting deposit limits (no more than 5 deposits per 24 hours, with affordability checks for larger bets). The bill also mandates annual nationwide surveys on problem gambling, restricts advertising targeting vulnerable populations, and requires sports wagering operators to implement data security and transparency measures. It affects state governments (which must administer approved programs), sports wagering operators (which must comply with strict regulations), and bettors (who gain new protections and restrictions). The law aims to balance sports wagering access with public health safeguards while preserving state authority to implement more stringent rules.