Sports Betting Regulations

Putting money on sports events is an exciting way to add some extra drama to your game viewing experience. It’s also a great way to win cash and add a new level of competition with friends and family. Whether you’re new to betting or an experienced gambler, there are many types of wagers available to suit your style. Some popular bet types include money lines, spreads and totals. There are even prop bets that allow you to have a vested interest in specific outcomes, like how many points a certain player will score.

As states legalize sports gambling, they’re debating how to regulate the industry. Some are pushing for mandatory use of official data, while others have taken a more laissez-faire approach. The NBA and MLB, for example, are advocating private commercial agreements with bookmakers while opposing legislative mandates. Other sports leagues have struck a middle ground by offering a tiered system that requires the use of official data for Tier 1 bets, while leaving the choice up to individual state regulators for Tier 2 bets.

MLB’s Code of Conduct prohibits any person who has a professional relationship with a club from attempting to fix a game or event. This includes players, managers, coaches, owners and other individuals involved in club operations at the lower levels of men’s and women’s league systems, as well as match officials at FA Level 4 or below. These rules also prohibit any person who has a personal financial stake in the outcome of a bet from soliciting or accepting a bribe or illegal payment for information used for the purpose of fixing a bet.