SPORTS BETTING REGULATORS ASSOCIATION
NEWSLETTER UPDATE
MAY 15, 2024
 
Was a Case Made to NOT Permit Betting on many NCAA Events?
With some jurisdictions having banned player prop bets on collegiate events and others considering it, representatives from the NCAA met with over twenty agencies at a May 8, 2024 meeting of the SBRA to press their case for regulatory relief.

Concerns of player threats from disgruntled fans and bettors were one reason, but it was challenged as something that is more social media-related than tied to sports betting regulation. BetMGM CEO Adan Greenblatt, speaking at the SBC-Summit-North America, advised caution and expressed concern that reactive regulatory action might push players back to the illegal, unregulated sports books.

Integrity concerns about college players socializing and possibly sharing "inside" information or making bets was another reason cited as why a ban was necessary.

However, socializing among players was noted not to be unique to college athletes. When the issue was raised concerning collegiate athletes being monitored to ensure they are not wagering it was noted that not all NCAA player events are monitored and there are too many players to provide all names to the monitoring services to make sure they are not betting.

This raised some eyebrows at the meeting.

NCAA officials were queried as to why they could not limit player prop bets when entering into agreements to permit wagering on their content. They indicated that agreements do not cover all NCAA events being offered for wagering. Regulators also took note of that. The NBA is currently considering contractual restrictions on player prop bets on their content. Stay tuned.

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