Hidden Charges in Casino-Resorts and Hotels Now Prohibited from Initial Rates
By: Grant Mitchell05/13/2025 01:35
Industry: Sports Betting & Gambling
Photo by Wikimedia Commons, CC by 3.0 (https://creativecommons.org/licenses/by/3.0/)
Here's the Scoop
- Misleading pricing for hotel rooms, tickets, and the like must be a thing of the past
- The antiquated practice of "bait-and-switch" pricing has been exposed for what it is - dishonest
- The FTC is not idle on this issue, they're scrutinizing pricing practices across different sectors
Grant, a former graduate of Virginia Tech and a previous NCAA track and field athlete, has a passion for sports and sports betting. His aim is to deliver the latest and most detailed news in the sports betting industry. Grant joined the professional ranks in 2021 and has since earned a reputation for his reliable coverage, working with heavyweights like Forbes and VSiN. When he's not working, he can be found exercising, strolling around the city, or glued to the screen for the day's big game.
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The Lowdown
Currently, there's no concrete evidence in the search results indicating an FTC investigation into "bait-and-switch" pricing practices in the sports betting industry. However, the FTC has been vigilant in implementing regulations to ensure transparency and fairness in several industries.
For example, a recent rule mandates all ticket marketplaces to disclose the total cost of tickets upfront, including all known fees [3]. This rule aims to eliminate deceptive practices such as speculative ticket listings. Similarly, the FTC has issued a rule addressing unfair or deceptive fees, requiring full disclosure of total pricing and prohibiting bait-and-switch tactics in consumer transactions [5].
In the realm of sports betting and financial transactions, the primary regulatory focus lies with the Commodity Futures Trading Commission (CFTC) and state gaming laws [1][4]. These regulations aim to clarify the legality of sports event contracts and ensure compliance with existing laws. While the FTC's specific involvement in the sports betting industry's pricing practices is not mentioned in the search results, their emphasis on transparency and fairness suggests they might be looking into it.
It's about time we say goodbye to deceptive pricing practices and welcome transparency and honesty in the sports betting industry. Let's make the game fair for everyone!
- Grant Mitchell, in his latest article, discusses the need for transparency in the sports betting industry, calling for an end to deceptive pricing practices that have been identified as 'bait-and-switch.'
- The Online Casino industry, including progressive jackpot games like blackjack and sports betting, could also benefit from increased regulation to prevent such deceitful practices.
- In the financial sector, the FTC has implemented rules requiring full disclosure of total pricing and prohibiting bait-and-switch tactics, providing a model for the sports betting industry to follow.
- As the sports betting industry evolves, it's essential to consider regulation that focuses on transparency, fairness, and the prevention of progressive jackpot winnings being compromise by dishonest pricing strategies.
