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Nevada board considers faster process for rescinding past-posted wagers

Regulation

Nevada gaming regulators are due to consider a recommendation on proposed changes to the rules for wagers accepted after an event’s outcome is known. Senior Deputy Attorney General John Michela said the proposal would require reporting within one week, while chair approval would not be needed when rescission follows a sportsbook’s approved house rules; the Gaming Control Board is to consider the recommendation before it goes to the Gaming Commission.

The proposal could change Nevada sportsbooks’ reporting duties and approval process when cancelling wagers accepted after an event has ended.

End-of-day close Red Rock Resorts (RRR), USD, to 21 August 2024
Story date23 May 202421 August 2024

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Regulation

Michigan Gaming Control Board approves fixed-odds horse-racing wagers online

Michigan’s Gaming Control Board approved fixed-odds horse-racing wagers for the state’s regulated online betting market, according to the report. The option lets customers lock in odds when placing a bet; the board’s executive director said the change responds to bettor demand.

The Michigan Gaming Control Board has approved fixed-odds wagering on horse racing in the state's regulated online sports betting market, according to the report. The format lets customers lock in their odds when a bet is placed, instead of relying on a traditional pari-mutuel pool.

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