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The regulatory process is on track for September 1st approval

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the regulatory process is on track for september 1st approval

If Charlie Moore, director of the Wyoming Gaming Commission, has his way, he’ll have the first phase of the legal rules for sports betting on Governor Mark Gordon’s desk this weekend. But even if he doesn’t, the package should be with Gordon by June 1, Moore said, enough time to approve the rules by September 1, as required by the state.

“I hope that we can work through this and discuss it with the Commission by Friday 14 May. If we have (operator) comments, I think it would be nice so we can have rules ready to go to the governor’s office, “Moore said during a stakeholder meeting to discuss Phase I of the proposed rules on Tuesday .

Representatives from many major operators – including several participants from DraftKings and FanDuel – attended the meeting. The proposed rules were released last week, and representatives from DraftKings and FanDuel said they had little to offer Tuesday as their offices were still reviewing the 62-page document, which covers everything from fees to layoff bets to geofencing to responsible gambling.

Operators ask for “sports pools”

“We are collecting feedback, but we are not ready to share this today, but we will share it as soon as possible,” said Christopher Cipolla, director of legal and government affairs for DraftKings. “Our plan is to get full written feedback.”

Even so, Cipolla urged Wyoming regulators to pass a Colorado rule that more clearly defines and allows operators to use sports pools frequently at events like March Madness.

Christopher Onion DraftKings(Screenshot courtesy of the Wyoming Gaming Commission)

Wyoming lawmakers legalized sports betting for digital only on April 5th, making it only the second state after Tennessee to do so. The law requires regulators to issue a minimum of five licenses (there is no limit), and in many ways reflects the open, competitive marketplace in neighboring Colorado. In fact, it was clear to Moore that his staff referred to rules from Colorado and Michigan, among others, during the regulatory process.

Few major objections or concerns have been raised about the currently proposed rules, which contain nothing about what the application and licensing process will be. Moore said that will come in the next phase. The current goal is to make the Phase I rules available to Gordon so that a 45-day period can be opened for public comments.

Over the next few days, the Gambling Commission staff will attempt to work on any changes or suggestions made at the meeting, including revising the language in relation to the state’s recognized tribes. Currently, the rules stipulate that reservations are geofenced and these countries are referred to as “tribal countries”. L. Clare Johnson of the Northern Arapahoe Tribe suggested that the commission revise the rules to match the language of the Indian Gaming Regulatory Act, and they said their tribe might prefer not to be geofenced. When a reservation is geofenced, no one will have access to mobile betting.

She also said that under the current law, “the tribes cannot participate in the state sports betting system,” so a language related to the tribes could be removed from the draft regulation. That is, if a state legalizes sports betting, even if it doesn’t regulate tribes, the tribes can offer legal sports betting under their own regulation.

After Wyoming, South Dakota and New York recently added their names to the list, legalized sports betting continues to explode in the US

Still, few are as efficient as Colorado in terms of convenient mobile betting options. Other states should copy the model.

The latest 👇👇👇 pic.twitter.com/4BWNC1yMqx

– Brad Evans (@NoisyHuevos) April 10, 2021

Other little things

The discussion topics on Tuesday also included:

  • Discuss how and where to allocate seized funds.
  • Explain what a sack bet is. A stakeholder announced that all constitutional states except Indiana allow dismissal bets.
  • Discuss reserve and banking requirements.

Moore and his staff plan to refine the proposed rules over the next few days, hoping to bring them up for discussion and approval at Friday’s gaming committee meeting.

“The hopeful side of me would be to put our heads together this Friday and work long and hard to have a product that will be brought into the governor’s office,” said Moore. “But I also know that all of you (operators) need some time to check this.

“My deadline would be to have the rules on the governor’s desk by June 1st, and then he can return them and we can start making public comments. If everything goes smoothly from there, we can reach the date of September 1st. “

Source * sportshandle.com – * Source link