HB3232: Regulation of Sports Wagering
Legislative 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 state of Maryland gaming control board. 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.
Demographic Impact
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