US SB1033

Establishes federal minimum standards for sports betting, making it unlawful to accept sports wagers unless operating under a state-approved program certified by the Attorney General with 3-year renewable terms

Prohibits betting on amateur/intercollegiate proposition bets, bets on events already commenced, and bets by individuals under 21, athletes, coaches, officials, and those on self-exclusion lists

Imposes strict consumer protections including: bans on reload bonuses and VIP programs, limits of 5 deposits per 24 hours, prohibition on credit card deposits, mandatory affordability checks for wagers exceeding $1,000/day or $10,000/month, and restrictions on advertising hours (banned 8am-10pm and during live broadcasts)

Creates public health infrastructure including annual CDC surveillance of gambling disorder, a national self-exclusion list maintained by HHS, mandatory Surgeon General report on sports betting health challenges, and required operator funding for gambling addiction treatment

Requires sports wagering operators to undergo background checks, maintain detailed transaction records for 5 years, report suspicious transactions to regulators and sports organizations, and use only licensed/authorized data sources for determining wager outcomes