No. but you should. You do a lot of dancing & hair flippings in cheer. You wouldn't want your bangs all in your face, then you won't be able to see & you'll either mess up or look really dumb. Some coaches do make you put you bangs up, and if you don't you get marked down points.
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It depends what the rules are in your state, but as a general rule I would refrain. It looks not uniform when one person has a different hairstyle when cheering than someone else. Especially don't do it if you compete. Part of the sport of Cheerleading is looking perfect and uniform, so our coach has everything about us match so we pin our bangs back and have the same height of ponies.