While a U.S. Senate Commerce subcommittee is readying itself for its May 20 hearing about sports betting, four House members and one senator aren’t sitting idly by waiting to hear the results.
In a letter sent Monday, the quintet has asked 10 CEOs of sportsbooks and prediction markets to answer a dozen questions concerning online gambling in America.
“We write to you as Members of Congress to express our concern about the implications of online gambling, including sports betting, casino-style games, and prediction contracts, on the future of young Americans, whose lives are increasingly disrupted by these platforms. The social and human risks, coupled with the broader risks to our democratic institutions and society, demand your cooperation to address this crisis,” begins the letter.
