Sports Betting Laws – What You Need to Know About Official Betting

Official betting is a new type of legal sports wagering that’s been popping up around the world. These bets are placed at state-sponsored sites and can be made from a mobile app or a live game broadcast. While they can be more regulated than regular wagers, it’s still important to know the rules before placing a bet on official games.

In the US, states have different regulations on official betting. Some require licensed operators to operate, while others have opted for a private-public partnership model. Other factors, such as tax rates, influence the landscape of legal betting.

Athletes and league employees are prohibited from gambling on NFL events, as per the league’s collective bargaining agreement. Players are also required to sign a statement acknowledging the gambling rules as part of their contract. The NHL hasn’t expressed a position on legal sports betting, but the Vegas Golden Knights have sponsorship agreements with betting partners such as William Hill.

The MLB has strict rules on sports betting, with any violations potentially leading to a lifetime ban. The organization works with regulators, sportsbooks and independent integrity monitors to identify offenders. In addition, it conducts in-house investigations of alleged rule violations. The NBA also has a similar policy, with team and league personnel prohibited from betting on its own games. However, the league’s rules allow players to place bets on non-NBA games. This includes Super Bowl squares, NCAA tournament brackets and fantasy baseball.