The SAFE Bet Act establishes a federal framework for regulating sports betting while protecting public health and preserving state and tribal authority. States must designate regulatory entities to license and oversee sports wagering operators, who face strict requirements including prohibitions on college and amateur sports betting, bans on credit card deposits and manipulative marketing, mandatory affordability checks capping deposits at 30% of monthly income, and funding for gambling addiction treatment. The bill creates consumer protections such as a national self-exclusion list, underage betting prevention, restrictions on artificial intelligence-driven targeting, and comprehensive recordkeeping and suspicious transaction reporting to law enforcement. Federal agencies will conduct ongoing surveillance of gambling disorder rates through annual surveys and CDC monitoring, while the Surgeon General will report on health challenges from sports betting. The Attorney General will approve state regulatory programs for three-year renewable terms and may revoke approval for non-compliance, ensuring consistent standards across states while maintaining their ability to regulate the industry within these federal guardrails.
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