Bill would ban prop bets on sports apps in Colorado as lawmakers seek to curb gambling addictions
A Colorado bill aims to curb gambling addiction by banning prop bets on sports apps and limiting betting habits.Summary
Colorado lawmakers have introduced a bipartisan bill, SB26-131, to address rising gambling addiction and concerns over betting scandals. The bill proposes prohibiting sports-betting apps from offering proposition bets on individual athlete performances, eliminating credit card usage, limiting deposits, and restricting advertising. Sponsors cite increasing rates of gambling among young adults and the potential for financial harm as key drivers for the legislation. The sports-betting industry argues the bill is overly restrictive and could push betting into the illegal market, reducing tax revenue and consumer protections. Revenue from sports betting currently benefits the Colorado Water Conservation Board. This bill is one of two recently filed addressing gambling in Colorado, with another aiming to block online lottery ticket sales.
(Source：The Denver Post)