Sports Betting Federal regulation is under consideration, even as the activity explodes across the United States. Legislation has either passed or is currently under consideration in over half the states in America. Sports Betting Federal Regulation is under consideration, even as the activity explodes across the United States. Legislation has either passed or is currently under consideration in over half the states in America. However, there are some in Congress that feel they need to take control of sports betting regulation. A new federal bill has been put forth to take regulation away from the states and give control back…