Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Colorado lawmakers advance sports betting restrictions targeting advertising deposits
    News

    Colorado lawmakers advance sports betting restrictions targeting advertising deposits

    Editor Times FeaturedBy Editor Times FeaturedMay 11, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    Colorado lawmakers are pushing forward with a broad overhaul of the state’s sports activities betting business, approving a measure that might tighten promoting requirements, restrict how typically gamblers can deposit cash, and block using bank cards for wagers.

    Senate Bill 131 cleared Home third studying on Friday (Might 9) in a 50-13 vote, with two lawmakers absent, in accordance with the legislature’s newest roll name. A part of the proposal already handed the Senate and now strikes nearer to turning into legislation.

    The Colorado sports activities betting reform invoice handed the Home this morning. There’s a tiny, procedural modification the Senate must concur on, then off to Gov. Polis.

    — Jessica Welman (@jesswelman) May 9, 2026

    Sens. Matt Ball and Byron Pelton are sponsoring the laws alongside a number of Democratic lawmakers. Within the Home, Reps. Steven Woodrow and Dan Woog are main the hassle.

    Lawmakers mentioned the proposal is supposed to handle the explosive progress of on-line playing since Colorado legalized sports activities betting in 2019. The invoice’s legislative declaration states that greater than $6.3 billion in on-line sports activities wagers had been positioned statewide in 2025, a rise of greater than 130% in contrast with 2020 exercise.

    State officers additionally pointed to rising considerations about habit and the impression betting commercials could have on youthful audiences. The laws notes that “calls and texts to the problem-gambling helpline elevated by about 45% within the yr after legalization of on-line sports activities betting.” Lawmakers additionally wrote that “greater than half of 18- to 22-year-olds have engaged in some type of sports activities betting.”

    Colorado proposes new restrictions on sports activities betting operators and promoting

    Below the proposal, sportsbook operators couldn’t settle for greater than six separate deposits from the identical individual throughout a steady 24-hour gaming interval. Firms would even be banned from sending textual content messages or push notifications encouraging customers in Colorado to put wagers or add funds to accounts.

    The invoice would additionally prohibit sportsbooks from accepting deposits funded by bank cards, together with funds routed not directly by linked accounts. Operators that violate the principles might face penalties reaching $25,000.

    Promoting restrictions are one other main piece of the laws. Sports activities betting corporations and advertising and marketing associates can be prohibited from focusing on individuals youthful than 21 or promoting in media the place many of the anticipated viewers is underage. Lawmakers wrote that youngsters and adolescents are “ceaselessly uncovered to sports activities betting promoting and are influenced by its messages.”

    The proposal would additionally ban enhanced payout promotions and directions explaining the right way to place wagers in commercials. Betting adverts wouldn’t be allowed between 8 a.m. and 10 p.m. or throughout stay sports activities broadcasts.

    The measure arrives as Colorado continues debating broader playing coverage adjustments. Lawmakers have also considered House Bill 1311, which might finish tax deductions tied to promotional free bets provided by sportsbooks. Individually, a federal choose dismissed a lawsuit brought by the Southern Ute and Ute Mountain Ute tribes difficult points of Colorado’s sports activities betting system.

    If permitted, Senate Invoice 131 would take impact in August 2026 until voters problem it by a referendum petition.

    Featured picture: Canva

    The put up Colorado lawmakers advance sports betting restrictions targeting advertising deposits appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    MAD’s cloud-like design in Haikou

    May 31, 2026

    HeraHaven vs Candy AI

    April 19, 2025

    AI software Semeris raises €4 million to meet demand for GenAI in FinTech

    February 3, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.