It seems to be like Pablo Torre came upon one thing that might have a serious affect on sports activities betting within the new yr.
The host of the favored podcast “Pablo Torre Finds Out” posted a video on social media saying that U.S. Senator Brian Schatz of Hawaii plans to introduce laws in 2026 to restrict sports activities betting.
Schatz cited the latest betting scandals which have hit sports activities leagues over the previous few months as the rationale for the federal authorities to step in and enact laws to restrict prop bets.
“When each in-game second and consequence may be wagered on, it creates actual dangers,” the senator said. “Integrity is important to aggressive sport, and up to date allegations about playing within the NBA and MLB have made it clear we want federal protections.”
He added, “We’re engaged on legislations to cease the form of prop betting that offers a single dangerous actor the power to control a selected, singular consequence for a giant payout.”
MLB and varied main U.S. sportsbooks lately restricted pitch-level prop bets to $200 in an try to deal with the latest scandal involving now-banned pitchers Emmanuel Clase and Luis Ortiz.
In line with ESPN’s Shams Charania, the NBA is searching for to place limits on prop bets as effectively, together with decreasing most guess quantities on participant props, limits on Below bets and eliminating bets on particular person performs or actions.
There was no indication that the this proposed invoice would additionally embody prediction markets like Kalshi and Polymarket, which permit customers to purchase and promote on occasions just like the inventory market and is regulated by the Commodity Futures Buying and selling Fee.
