WV SB571 | 2023 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-15 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Comm Sub) [HTML]
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-15 - To Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Comm Sub) [HTML]
Summary
The purpose of this bill is to direct the West Virginia State Lottery Commission to accredit Independent Evaluators to audit and opine on the Sports Betting Content directly or indirectly affiliated with mobile sports wagering licensees and report findings to the West Virginia State Lottery Commission. The purpose is consumer protection through setting standards and guidelines to combat predatory promotions/advertisement, remove industry bad actors, and create generally accepted evaluation practices. Creating the guardrails now, stabilizes the industry's growth and prevents collapses seen in other more mature markets and other industries (i.e. cryptocurrency). The goal is not to restrict business in any way, it is to elevate the industry and protect the consumer.
Title
Regulating fantasy gaming competitions and sports wagering through independent evaluations
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-02-15 | Senate | To Judiciary |
2023-02-15 | Senate | Committee substitute reported, but first to Judiciary |
2023-02-06 | Senate | To Government Organization |
2023-02-06 | Senate | Introduced in Senate |
2023-02-06 | Senate | To Government Organization then Judiciary |
2023-02-06 | Senate | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
29 | 22D | 25 | New Code | See Bill Text |
29 | 22D | 3 | Amended Code | Citation Text |