Thursday, the House Energy and Commerce Committee released a draft of legislation aimed at removing federal restrictions on sports betting. The initiative also grants to individual states the ability to legalize online gambling.
The Gaming Accountability and Modernization Act (GAME Act) gives authority to the Federal Trade Commission, and delineates steps states can take in order to abide legal sports betting.
The proposed legislation would additionally include betting on fantasy sports.
The GAME Act would repeal the Professional and Amateur Sports Protection Act of 1992, aka the Bradley Act, named after Senator Bill Bradley.
PASPA outlawed wagering on sports nationwide, with the exception of a tiny number of states.
Sports betting is only legal in Nevada, at least for single-game bets. Delaware, Nevada and New Jersey are the 3 states where online gambling is currently allowed.