House Hearing Examines Sports Betting Risks on Campuses

US lawmakers examined the effects of sports betting on college students during a House hearing that also raised concerns about prediction markets and player proposition bets. The November 11 hearing, titled “The Rise of Sports Gambling on College Campuses,” was held by the House Committee on Education and the Workforce’s Subcommittee on Higher Education and Workforce Development. Subcommittee chair Michael Baumgartner said: “Online sportsbooks and prediction market apps have placed miniature casinos in the palms of our hands, making placing a bet as easy as checking the weather,” He also highlighted college prop betting.