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Code · BILL · 119th Congress · S. 1033 (Introduced in Senate) — To establish minimum Federal standards for sports betting, and for other purposes. · Sec. 2

Sec. 2. Definitions

1,102 words·~5 min read·/bill/119/s/1033/is/section-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In this Act: The term amateur athletic competition has the meaning given the term in section 220501 of title 36, United States Code. With respect to a sports wager accepted by a sports wagering operator, the term anonymized sports wagering data means— a unique identifier for the transaction and, if available, the individual who placed the sports wager, except that such identifier shall not include any personally identifiable information of such individual; the amount and type of sports wager; the date and time at which the sports wager was accepted; the location at which the sports wager was placed, including the internet protocol address, if applicable; and the outcome of the sports wager.
The term gambling disorder means— gambling disorder, as the term is used by the American Psychiatric Association in the publication entitled Diagnostic and Statistical Manual of Mental Disorders, 5th Edition (or a successor edition); pathological gambling; gambling addiction; and compulsive gambling. The term governmental entity means— a State; a political subdivision of a State; and an entity or organization, including an Indian Tribe, that has governmental authority within the territorial boundaries of the United States, including Indian lands.
The term Indian lands has the meaning given the term in section 4 of the Indian Gaming Regulatory Act ( 25 U.S.C. 2703 ). The term Indian Tribe has the meaning given the term Indian tribe in section 4 of the Indian Gaming Regulatory Act ( 25 U.S.C. 2703 ). The term interactive sports wagering platform means a person or entity that offers licensed sports wagering over the internet, including through an internet website and mobile devices, on behalf of a licensed gaming facility.
The term interstate sports wagering compact means a compact to offer sports wagering in accordance with this Act between— 2 or more States with a State sports wagering program; 1 or more States with a State sports wagering program and 1 or more Indian Tribes; or 2 or more Indian Tribes. The term licensed gaming facility means a person licensed by a State regulatory entity or an Indian Tribe licensed by a State regulatory agency for the conduct of gaming. The term microbet means a wager placed on an outcome or occurrence within a sporting event that may or may not be related to the ultimate result of the sporting event.
The term national self-exclusion list means the list maintained under section 554A of the Public Health Service Act, as added by section 202 of this Act, in cooperation with State regulatory entities, under section 103(b)(6)(A)(ii) of this Act. The term official means a referee, umpire, judge, reviewer, or any other individual authorized to administer the rules of a sporting event. The term proposition bet means a side wager on a part of a sporting event that does not concern the final outcome of the sporting event.
The term reasonable lender standard means application of underwriting criteria that would be applied by a lender that is an insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )) for an unsecured loan extended to a consumer. The term sporting event means any athletic competition. The term sports organization means— a person or governmental entity that— sponsors, organizes, schedules, or conducts a sporting event; and with respect to the sporting event and the participants in the sporting event— prescribes final rules; and enforces a code of conduct; and a league or association of 1 or more persons or governmental entities described in subparagraph (A).
Except as provided in subparagraph (C), the term sports wager means the staking or risking by any person of something of value upon the outcome of a sporting event, including the outcome of any portion or aspect thereof, upon an agreement or understanding that the person or another person will receive something of value in the event of a certain outcome. With respect to an amateur or professional sporting event, the term sports wager includes— a straight bet; a teaser; a variation of a teaser; a parlay; a total or over-under; a moneyline; a betting pool; exchange wagering; in-game wagering, including in-game wagering on— a final or interim game score; statistics; or a discrete in-game event; a sports lottery; and a proposition bet.
The term sports wager does not include— any activity excluded from the definition of the term bet or wager under section 5362 of title 31, United States Code; or any activity that does not violate a provision of the Interstate Horseracing Act of 1978 ( 15 U.S.C. 3001 et seq. ). The term sports wagering means the acceptance of a sports wager by a sports wagering operator. The term sports wagering operator means— a licensed gaming facility that offers sports wagering; and an interactive sports wagering platform.
The term sports wagering opt-in State means a State that administers a State sports wagering program. The term State means— a State; the District of Columbia; and any commonwealth, territory, or possession of the United States. The term State regulatory entity means the governmental entity— established or designated by a sports wagering opt-in State under section 102(a)(2)(A)(ii); and responsible, solely or in coordination with 1 or more other governmental entities, for the regulation of sports wagering in the applicable sports wagering opt-in State.
The term State social gambling law means a State law that allows sports wagering that— is not conducted as a business; involves 2 or more players who compete on equal terms; and does not provide a benefit to— a player, other than the winnings of the player; or a person who is not involved in a sports wager. The term State sports wagering program means a program administered and overseen by a State pursuant to an application approved by the Attorney General under subsection
(b)or
(e)of section 102. The term suspicious transaction means a transaction or an arrangement that a sports wagering operator knows or has reason to know, as determined by a director, officer, employee, or agent of the sports wagering operator is or would be if completed— a violation of, or part of a plan to violate or evade, any Federal, State, or local law (including regulations); or sports wagering by or on behalf of an individual described in subparagraph (C), (D), or
(E)of section 103(b)(4). The term suspicious transaction report means a report submitted to a State regulatory entity or a sports organization under section 103(b)(13). The term Tribal-State compact means a compact entered into between a State and an Indian Tribe pursuant to section 11(d)(3) of the Indian Gaming Regulatory Act ( 25 U.S.C. 2710(d)(3) ).
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cites case law
Sec. 2
Definitions
U.S.C.§ 2703
U.S.C.§ 1813
U.S.C.§ 3001
U.S.C.§ 2710
Cites 4Cited by 0 across 0 sources
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