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0 0

 

State-By-State Sports Betting Updates

Michael Carter
April 23, 2019
https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net
Post contributor:Michael Carter, Alvarez & Marsal
Michael Carter
  •  regulation
  •  sports betting
  •  gaming
  •  compliance
  • Iowa lawmakers approve sports betting sites
  • Effort to legalize sports betting passes Colorado House Committee
  • Illinois' pro teams are pro-sports betting
  • New Jersey levies fines
{

Considerations for sports book operators in achieving compliance and risk mitigation across legal and regulatory concerns and conflicts include: • Dedicating appropriate resources to understanding player profiles and behaviors, including sources of funds, associations, and suspicious betting activity; • Leveraging technology to enhance risk and legal controls, especially for online operators; • Identifying and preventing real-money sports pool betting; • Benchmarking compliance programs with more mature industry peers, such as operators in the United Kingdom; • Prohibiting undocumented proxy betting; • Conducting enhanced due diligence on high value or volume accounts; • Limiting cross-border and third-party transactions (i.e., transfers, bank wires, etc.) for reasons not supported by legal gaming activity; • Maintain proactive relationships with appropriate regulatory and legal entities (e.g., FinCEN and SEC); and • Conducting regular, risk-focused audits of compliance controls.

https://www.law.com/newyorklawjournal/2018/12/14/u-s-sports-betting-expansion-9-ways-to-mitigate-legal-and-regulatory-exposure/

featured image unknownx500

Sports betting bill has just passed the Iowa house 67-31 #ialegis pic.twitter.com/V4mdZDt26g

— Justin Surrency (@JustinSurrency) April 23, 2019

Sports betting will be allowed by using mobile devices in Indiana under an expected agreement in the state Legislature on a wide-ranging gambling bill that would also allow construction of new casinos in Terre Haute and Gary. https://t.co/5ZQI1R5bYN

— WISH-TV (@WISH_TV) April 22, 2019

Legal sports betting proposal headed to Iowa governor’s desk https://t.co/RkmzUn46kV pic.twitter.com/OaoFucf3fW

— Sioux City Journal (@scj) April 23, 2019

Deal would allow Indiana sports betting by mobile devices https://t.co/HFFj8RnpVw

— Walter Smith-Randolph (@WalterReports) April 23, 2019

The bill would legalize betting on sporting events and fantasy sports in Iowa for the first time. https://t.co/fEUKjedHTA

— KWQC TV6 News (@kwqcnews) April 23, 2019
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