The sports betting industry is struggling, with sportsbooks failing to profit in a highly taxed and regulated market, even as bettors consistently lose money.
Recent congressional proposals aim to restrict sports betting through advertising limitations and betting constraints, alongside a CFPB report highlighting problems with credit card funding.
Despite potential restrictions, the consensus is that sports betting is here to stay, and there is a pressing need for a better gambling experience for users.
One suggested improvement is to ban credit card funding for sports betting, urging lawmakers and major credit card companies to take action for better consumer protection.
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