Ask Reggi Your Question Now
Can you summarize 1 COCR 207-2 RULE 5?
SPORTS BETTING REGULATIONS > AUTHORIZED SPORTS BETTING ACTIVITIES Effective 4/14/20
Short Summary
This document, Rule 5.4, falls under the Code of Colorado Regulations and pertains to the Department of Revenue’s Division of Gaming. It provides regulations for authorized sports betting activities related to Horse and Greyhound Racing. The document outlines the conditions under which sports betting licensees can request authorization for Horse and Greyhound Racing as sports events and bets. It specifies the consent required from various parties, such as the Colorado Racing Commission, racetracks, and associations representing horse or greyhound persons. The application process, including the required information and factors considered by the Director or Director’s designee, is also detailed. The document emphasizes the duty of the Commission to ensure honest and competitive conduct of activities related to fixed odds racing. It further addresses the relationship between sports betting operators and host-tracks, as well as the availability of racing content to licensed sports betting operations. The document concludes with provisions regarding payment on winning bets, the role of the Colorado Racing Commission, and the expiration of Rule 5.4 after eighteen months unless repealed or extended by the Limited Gaming Control Commission.
Whom does it apply to?
Persons licensed to offer sports betting, Commission, Master, Sports Betting Operator, Internet Sports Betting Operator licensees, applicable sports governing bodies
What does it govern?
Authorized sports betting activities
What are exemptions?
Betting on high school sports and equivalent level club or specialty sports events is prohibited and shall not be authorized.
What are the Penalties?
No specific penalties mentioned.
Jurisdiction
Colorado