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Committee Hears Industry, Consumer Groups on Betting: Odds Errors, Promotions, Deposits and Youth Protections
Summary
Lawmakers heard hours of testimony on proposed changes to sports wagering and iGaming rules, including immediate disclosure of betting odds errors, operator notification of max wagers, bans or limits on promotions, and deposit and advertising restrictions aimed at protecting younger or vulnerable gamblers.
Representative Scott opened the public hearing portion with proposals in HB 1464 addressing immediate disclosure when sportsbooks discover errors and new consumer notifications when accounts are limited. He said sportsbooks should be required to inform bettors of obvious price or odds errors before an event begins so bettors can choose to accept corrected odds rather than learn of an error after the contest ends.
Industry response: DraftKings and FanDuel testified in writing and orally, asking the committee to reject or substantially rewrite several provisions. Both companies told the committee that the proposed deposit‑approval language in bills such as HB 52 69 (and related drafts) — which would require that every named account‑holder approve debit or credit deposits — is impossible under existing card networks and banking rails. Worldpay Gaming Solutions and payment‑industry witnesses confirmed that existing payment flows do not provide a way for a processor to verify every…
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