Prohibition on prop bets involving student athletes

(a) Prohibition No individual or entity engaged in the business of betting or wagering may accept any bet or wager that includes a covered prop bet. (b) Enforcement by Federal Trade Commission (1) Unfair or deceptive acts or practices A violation of this section shall be treated as a violation of a regulation under section 18(a)(1)(B) of the Federal Trade Commission Act (15 U.S.C. 57a(a)(1)(B)) regarding unfair or deceptive acts or practices. (2) Powers of Commission The Federal Trade Commission shall enforce this section in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act (15 U.S.C. 41 et seq.) were incorporated into and made a part of this section. Any person who violates this section shall be subject to the penalties and entitled to the privileges and immunities provided in the Federal Trade Commission Act. (c) Definitions In this section: (1) Covered prop bet The term covered prop bet means a bet or wager on the occurrence or non-occurrence, with respect to an intercollegiate sporting event, of an action or achievement by a student athlete that may or may not have a direct bearing on the final result of any such sporting event. (2) Intercollegiate sporting event The term intercollegiate sporting event means a sporting event played at the collegiate level for which eligibility requirements for participation by a student athlete are established by a national association for the promotion or regulation of college athletics. (3) Student athlete The term student athlete means an individual who engages in any intercollegiate sporting event.