H.R. 2087: Supporting Affordability and Fairness with Every Bet Act of 2025

The SAFE Bet Act of 2025 is a proposed piece of legislation aimed at creating a uniform framework for sports betting across the United States. It focuses on several key areas related to the regulation and operation of sports betting activities.

Federal Standards for Sports Betting

The bill seeks to establish federal standards that govern state sports betting programs. This includes various regulations intended to promote the integrity of sports betting and minimize the risks associated with gambling addiction.

Public Health and Safety Measures

One of the primary focuses of the bill is on public health. It mandates measures designed to protect individuals from the potential harms of gambling, including the establishment of protocols aimed at addressing and preventing gambling addiction. Operators will be required to implement strategies to promote responsible gambling.

Prohibitions and Reporting Requirements

The legislation prohibits specific types of bets that are deemed inappropriate or risky. Additionally, it introduces strict reporting requirements for sports betting operators. This is intended to ensure that these operators comply with the established regulations and to enhance player safety.

Licensing and Regulatory Oversight

The SAFE Bet Act lays out procedures for licensing sports wagering operators. This includes:

• Suitability Standards: Operators will have to meet certain suitability standards to obtain a license.
• Background Checks: Individuals in executive positions within these organizations will undergo thorough background checks to ensure they are fit to operate.
• Documentation Requirements: Operators must prepare and maintain specific documents to verify compliance with the law.
• Grounds for Unsuitability: The bill outlines conditions under which an operator may be deemed unsuitable for licensing.

Recordkeeping and Data Security

The legislation emphasizes the importance of recordkeeping and data security. Sports betting operators will be required to maintain accurate records and secure sensitive information to protect both themselves and their customers. Additionally, they must cooperate with investigations related to compliance with federal and state regulations.

Monitoring and Investigations

The Act underscores the need for ongoing monitoring of gambling-related issues. This includes providing authorities with the ability to conduct investigations to ensure compliance with regulations and to assist in addressing potential problems associated with sports betting.

Relevant Companies

• DKNG (DraftKings): As a prominent online sports betting operator, DraftKings would need to adapt its operations to comply with new federal regulations and reporting requirements, affecting its business model and operational procedures.
• PENN (Penn National Gaming): Operating casinos that also have sports betting operations, Penn National would be impacted by licensing and suitability standards outlined in the bill, potentially altering its approach to compliance and operational transparency.
• CZR (Caesars Entertainment): As a major player in the gaming industry with sports betting offerings, Caesars would have to meet the new federal standards and reporting requirements, which could lead to shifts in their business practices.