"House Bill 904, which has cleared the House and is under Senate review, would give the Kentucky Horse Racing and Gaming Corporation expanded control over various forms of wagering, including fantasy sports and prediction markets."
"The bill raises the minimum age for charitable gaming to 21, while allowing fantasy contests to remain open to participants aged 18 and older, thus adjusting age requirements for different gaming activities."
"Operators of fantasy sports would be required to obtain state licenses, verify user identities and locations, and implement procedures to prevent fraud, abuse, and money laundering, ensuring compliance with regulatory standards."
Kentucky's House Bill 904 aims to reshape the state's gaming landscape by regulating various forms of betting, including fantasy sports and prediction markets. The bill grants the Kentucky Horse Racing and Gaming Corporation greater authority over wagering activities. Key changes include raising the minimum betting age to 21 for charitable gaming, requiring state licenses for fantasy sports operators, and implementing geolocation tools to verify user locations. The legislation also mandates measures to prevent fraud and abuse, while banning certain groups from participating in betting activities.
Read at ReadWrite
Unable to calculate read time
Collection
[
|
...
]