Some Useful Questions On Fundamental Elements Of Live Betting

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Pennsylvania regulators set more rules for sports betting

Pennsylvania Gaming Control Board took another step toward sports betting Wednesday, approving a set of nuts-and-bolts regulations that are starting to give shape to the fledgling business line here. Still no hard launch date, though. But we are continuing to push the ball down the field,” said board spokesman Doug Harbach.  “As always, our main focus… is to protect the public, so we’re going to launch these when we feel that we’re in a position with the right regulations to do so.” Sports books are  open and operating now in neighboring Delaware and New Jersey.  A commonly-held hope is that the business can launch here by the start of the 2018 football season. The regulations approved Wednesday set out licensing procedures for companies that can run on-line sports books for participating casinos, oddsmakers, equipment manufacturers and suppliers. One of the key regulations passed Wednesday limits each casino to one on-line gaming partner. In their submissions, they’ve said one-for-one partnerships with on-line providers will avoid dilution of the market, allow them to focus on cross-marketing with their land-based properties, and increase accountability. Another rule passed Wednesday requires any participating casinos to hire an independent “integrity monitor” to help police against illegal sports betting activities. “There are firms that are working with Nevada, in Europe, that monitor integrity. They look at what’s going on in the games and they try to spot anything going on that looks irregular,” Harbach said. Professional sports leagues, he noted, already work to preserve integrity of their games while betting occurs in Nevada and Europe, and more recently, New Jersey and Delaware.

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