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]

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.

Tracking Information

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Title

Regulating fantasy gaming competitions and sports wagering through independent evaluations

Sponsors


History

DateChamberAction
2023-02-15SenateTo Judiciary
2023-02-15SenateCommittee substitute reported, but first to Judiciary
2023-02-06SenateTo Government Organization
2023-02-06SenateIntroduced in Senate
2023-02-06SenateTo Government Organization then Judiciary
2023-02-06SenateFiled for introduction

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
2922D25New CodeSee Bill Text
2922D3Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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