Senators Chuck Schumer and Orrin Hatch reportedly will introduce a bill to regulate sports betting with federal legislation.
An early draft obtained by Legal Sports Report indicated that the bill would mandate operators use of official league data, create a national sports wagering clearinghouse to monitor the market in real-time, and permit betting on Olympic and college sports (but no other amateur sports). The draft did not include an integrity fee or other royalties for the sports leagues. LSR indicated that the bill set to be introduced will not deviate too far from the original draft.