The NBA has released a joint statement together with the Major League Baseball and the PGA Tour regarding their position on sports betting.

As posted by Tomer Azarly of ClutchPoints, below is the joint statement which supports Senator Schumer's legislative framework on sports gambling:

Schumer proposed federal guidelines on sports gambling which aim to protect the consumer, minors, and those suffering from gambling addiction. The Senator called sports league to provide data on their sportsbooks, ramp up their monitoring of betting activities, among others.

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As reported by WKBW, some key components of Schumer's proposal include:

Prohibit anyone under the age of 21 from betting.

Prohibit advertising targeted at young people and otherwise require responsible advertising.

Require that information be provided by any entity taking bets about the dangers of addiction and available resources to help encourage responsible betting.

Apart from the consumers, the legislative framework also aims to protect the integrity of the sport — be it basketball, golf, baseball, and the like. In this light, the following key components include, in part:

Require that any entity accepting bets share appropriate information in a timely fashion with the league or governing body of the sport in question as well as relevant state, federal, and tribal law enforcement or other appropriate oversight bodies.

Require that all parties involved, including sports leagues, entities accepting bets, and state and tribal law oversight agencies where appropriate coordinate enforcement actions and notify each other of suspicious or abnormal activity or any other conduct that corrupts a betting outcome of a sporting event.

The NBA obviously needs to keep a mindful eye on how gambling alters any aspect of its sport.