Overview
Steptoe partner and co-chair of the Sports Integrity team Ross Weingarten was quoted by CNBC Make It in an article titled "Sports Betting Is Everywhere Now—Here Are The Rules Bettors Might Not Realize They're Breaking." The article suggests that as the NFL season begins, experts are reminding bettors that violating sportsbook rules, such as using someone else to place bets, betting from an unauthorized location, or attempting to mask locations with VPNs, can lead to account restrictions, voided wagers, and forfeited winnings. Ross warns that "Sportsbooks are required to verify that a bettor is physically present in a jurisdiction where they are allowed to accept a wager. That means someone can place bets through an app in one state, cross a state line and find that new wagers are blocked." The article also highlights key differences between traditional sportsbooks and sports prediction markets, which operate under separate regulatory frameworks and may have different eligibility, location, and payout rules.
Read more at CNBC Make It.
