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Code · Virginia · Title 58.1 · Chapter 40

Code of Virginia § 58.1-4045. Liquidity pools.

91 words·~1 min read·/va/title-58-1/chapter-40/58-1-4045·

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The Board may promulgate rules authorizing permit holders to offset loss and manage risk, directly or with a third party approved by the Director, through the use of a liquidity pool in Virginia or another jurisdiction so long as such permit holder, or an affiliate of such permit holder, is licensed by such jurisdiction to operate a sports betting business. However, a permit holder's use of a liquidity pool shall not eliminate its duty to ensure that it has sufficient funds available to pay bettors.
2020, cc. 1218 , 1256 .
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