New Jersey Seeks to Ban Microbetting Citing Risks of Fraud and Gambling Addiction

_{Pictured: Assemblyman Dan Hutchison, left}

New Jersey Assemblyman Dan Hutchison has introduced a bill seeking to ban microbetting, also known as micro-wagering, according to Next.io.

Microbetting involves placing live, short-term bets on specific moments within sports events, with outcomes determined within seconds or minutes after placing the wager, explains Gambling Park. Unlike traditional sports bets, which are placed on overall game results or larger segments of a match, microbetting targets immediate outcomes, creating an environment similar to continuous gambling.

Assemblyman Hutchison argues that these types of wagers are highly detrimental, potentially serving as a direct pathway to gambling addiction.

Additionally, he believes that microbetting’s narrow focus and rapid outcomes make it more susceptible to manipulation and abuse compared to traditional betting.

As a consequence, Hutchison notes, microbetting could lead to an increase in betting-related fraudulent activities.

Under the proposed legislation, bookmakers offering microbetting could face fines ranging from $500 to $1,000 per violation.

The bill has already gained support from gambling addiction prevention groups, including the Council on Compulsive Gambling of New Jersey (CCGNJ).