Colorado Bill Would Overhaul Sports Betting With Prop Bans, Ad Limits

Four Colorado legislators introduced a sports betting bill that would significantly change the mobile betting industry.

SB 26-131 a wide ranging proposal that would add multiple new responsible gaming measures that would limit betting activity, restrict advertising, ban certain wagers and strengthen oversight of the Colorado sports betting market.

The bill has bipartisan support from both chambers with Sens. Matt Ball (D) and Byron Pelton (R) and Reps. Steven Woodrow (D) and Dan Woog (R) serving as the prime sponsors.

SB 26-131 was assigned to the Senate Finance Committee but has not yet been scheduled for a hearing.

Colorado sports betting props out

The biggest change to the market by far would be a seemingly total ban on prop bets, not just the props concerning a player’s performance.

There are two sections that touch on what a prop bet is, beginning with the definition:

"Proposition Bet” means a bet concerning the performance of an individual athlete participating in an athletic event, or a combination of athletic events, the outcome of which bet depends on the occurrence or nonoccurrence of a specific act, statistic, performance, event, or circumstance within the athletic event or combination of athletic events.”

The next section adds clarity to what is included:

"Proposition bet” includes a bet on an individual athlete’s performance, an officiating decision, a penalty, an injury, the timing of an event, or any outcome other than the final result or score of an athletic event, regardless of whether the bet is placed before or during the athletic event.

• https://www.legalsportsreport.com/255664/colorado-bill-would-overhaul-sports-betting-with-prop-bans-ad-limits/