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Virginia senator proposes online casino licences for four operators

Regulation

Virginia Senator Locke introduced Senate Bill 827 to allow the state’s four licensed casino operators to offer online gaming. The proposal sets a $1 million initial licence fee, a five-year licence term and a 15% tax on adjusted gross internet gaming revenue; a committee could review it as soon as 8 January.

The proposal would create a licensing and tax framework for casino operators seeking to offer online gaming in Virginia.

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Regulation

Ohio senator proposes taxing sports prediction markets as wagering

Ohio state senator Bill DeMora has introduced a bill that would classify sports event contracts traded on prediction markets as sports wagering. The proposal would require platforms to obtain Ohio Casino Control Commission approval and face sports betting regulation and taxes; separately, an Iowa House subcommittee recommended advancing a bill on prediction market licensing and taxation.

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