The "Supporting Affordability and Fairness with Every Bet Act of 2025" (SAFE Bet Act) establishes a comprehensive regulatory framework for sports wagering in Oklahoma. It defines essential terms such as "sports wager," "sports wagering operator," and "interactive sports wagering platform," and prohibits the acceptance of sports wagers by unlicensed individuals. The Attorney General is empowered to initiate civil actions against violators, with penalties reaching up to $10,000 or three times the wager amount. The bill also sets forth requirements for a state sports wagering program, including the establishment of a regulatory entity, in-person wagering restrictions, and location verification for online betting. It specifically prohibits wagers on amateur and intercollegiate sports and restricts participation for certain individuals, including those under 21.
Additionally, the bill outlines licensing requirements for sports wagering operators, including background checks and suitability standards, and mandates operators to allocate a portion of their revenue to gambling disorder treatment and responsible gaming education. It imposes limits on deposits and withdrawals, requires clear communication of restrictions and bonuses, and restricts the use of artificial intelligence in promotions. The act also clarifies that wagers made through interactive platforms on Indian lands are considered to occur at the server's physical location under specific conditions. The SAFE Bet Act is set to take effect on November 1, 2025, and includes a provision ensuring the enforceability of remaining sections if any part is deemed invalid.